Events | 28 January 2020

Chair of the Greater China Practice Jun Wei and Washington D.C. Partner Steven Robinson Speak on China's Corporate Social Credit System

On 28 January 2020, Hogan Lovells and the US-China Business Council (USCBC) co-hosted a panel discussion titled What Does the Corporate Social Credit System Mean for Doing Business in China? at Hogan Lovells’ Washington, D.C. office.

The panel was moderated by Steve Robinson, and included Jun Wei and three other  guests: Jamie Horsley, a visiting fellow at the Brookings Institution and a senior fellow at Yale Law School’s Paul Tsai China Center; Michael Sutherland, an analyst in international trade and finance at the Congressional Research Service; and Kendra Schaefer, a Partner at Trivium China. The panelists shared their insights on China's corporate social credit system (SCS), which will be effective in 2020, and how it will affect entities doing business in or with China.

Jun shared her insights on the SCS’s positive and negative impact on foreign investors. Positive impacts include a better business environment, assistance to foreign investors identifying reliable partners, and favorable treatment to companies with good social credit standing. Potential negative impacts could be that China might use the SCS to implement its political or industrial policy. Jun also talked about how companies can navigate the corporate SCS.

Nearly 40 attendees from different companies participated, generating a rich discourse.  We received overwhelmingly positive feedback, with many attendees showing a strong interest in this topic.

Being one of the first and largest foreign law firms on the ground in China, Hogan Lovells has a nuanced understanding of the country's complex and evolving cultural and regulatory environment. We help clients achieve their business goals by helping them to navigate the China market and avoid common pitfalls.