Committee highlights
insi d e amcham
Legal Committee Managing Anti-Trust Risk AmCham Shanghai’s Legal Committee hosted an event on October 24 on managing anti-trust risk. Those in attendance were eligible to obtain 2.0 general CLE credits courtesy of Jones Day. CLEs stands for Continuing Legal Education which takes place after admission to the bar and is administered on a state by state basis whereby each state has its own rules and regulations indicating what qualifies for CLE credit and how many credits are needed. Peter Wang, partner at Jones Day, discusses antitrust risk management during an event at the AmCham Shanghai Conference Center
Peter Wang, partner, and Sebastien J. Evrard, partner, both of Jones Day, presented an interactive educational session on managing anti-trust risk in the current enforcement environment, how to prevent and detect violations in your organization and how to react if you have discovered anticompetitive conduct and other issues. Anti Money Laundering (AML) fines have been increasing in China since 2012 and indicate that enforcement procedures are in place for non-compliance and fines could be up to 1 percent of turnover. Notable cases in China where fines have been paid include the LCD cartel, Wulangye and Maotai and milk producers. The session included a discussion on particular practices in China compared to the U.S. market and how internal company procedures and policies can help minimize risk. Participants also discussed best practices for handling investigations.
IT and Education & Training Committees Smart Cities: Education The IT and Education & Training committees hosted a joint event, the third in AmCham’s Smart City series, on “Smart Cities: Education” on October 23.The event featured presentations by Smart Community Group Vice Director of Shanghai Telecom Dai Ying, who discussed Shanghai Telecom’s Smart Community Strategy in education programs, and Gary Sun, senior director of Microsoft Asia R&D Group, on Microsoft’s smart city initiatives in China. Describing the open integrated information platform that was launched this year to kick start smart cities awareness, Dai emphasized the goals of Shanghai Telecom to cooperate with 14 district governments in Shanghai and 2,019 smart communities and establish an overarching, top-down design that is scalable and beneficial to government, businesses and citizens. Shanghai Telecom provides high speed fiber optic Internet coverage for four million users in Shanghai and smart terminals such as IPTV for two million people. Minghang, Changning and Baoshan districts have the closest working relationships with Shanghai Telecom, which provides them access to educational portals that allow high school students to see their college entrance exam results through IPTV and other smart platforms, noted Dai. Sun explained that from Microsoft’s perspective, “big data” or “volume, velocity and variety” is crucial. Microsoft’s system relies on data ingestion (device and user generated) feeding into city artifacts management (models used to aggregate data into data sets), moving to city analytics (predictions and business intelligence, real-time processing), aggregating to city services management (publication, brokering, life-cycle management) and information dissemination (push, notification and alerts) under their Yangtze platform (big data platform for cities). The platform was used recently to collect six months of Beijing taxi traffic data to predict pollution and optimal traffic routes. Sun also described Microsoft’s efforts at personalized education, noting as example E-Schoolbag, which provides a multi-user e-platform for homework completion rates, test score averages and more. Following the presentations, speakers were joined by panelists Tu Tran, senior Asia & Europe Employee, Management and Leadership Development Lead at Freescale, and Robert Abbanat, CEO and co-founder of Ivy League English, for a discussion on business opportunities and integration of smart technology in the education and training sectors. For more information on AmCham Shanghai’s 22 industry-specific committees, please contact committees@amcham-shanghai.org.
december 2013
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