Chinese government authorities have recently issued a series of policies and draft amendments to push forward the establishment of the Social Credit System (SCS). Foreign enterprises are particularly concerned at how the SCS could affect the business operation of their Chinese subsidiaries.

The SCS will establish an information-sharing platform covering all the rating information on all companies registered in China. In principle, the equal enforcement of regulations will likely to create a more level playing field. However, this may be an overly optimistic interpretation, as the system does have the potential for discriminatory use towards international companies, as well as other major concerns such as the “joint sanctions” – blacklisted companies will receive not only sanctions from the government enforcement authority, but should restrictions and negative treatment from other government agencies.

• 2019-11-29 | 16:00 - 17:30
• European Chamber Office Beijing