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First 2022 edition of CICC MEWG Business Networking Event

12 一月 2022

The first 2022 edition of CICC MEWG Business Networking Event was held on January 12th in Shanghai.

40 Members and Friends of the mechanical engineering sector participated in the informal meeting, which was an occasion to network with companies in the sector.

Participants shared tips and insights during the discussion on 2022 tax incentives held by Mr Lorenzo Riccardi, CICC Board Member in Shanghai and Managing Partner of RsA Asia Tax Advisors. Mr Riccardi gave an overview of all tax benefits for companies and individuals granted by China, focusing on the extension of tax-free allowances treatment for foreigners, which has been confirmed until the end of 2023 with circular 43 issued on December 31st 2021. The tax benefits include as well separate taxation for all individuals on annual bonus till 2023 as outlined by the State Council announcement on December 29th 2021.

The event was also an opportunity to present the MEWG Program for 2022, thanks to Mr Carlo Nizia, Vice-Coordinator of Mechanical Engineering Working Group (MEWG) and Risk Management at UFI FILTER.

The meeting concluded with a warm greeting from the CICC Chairman Mr Paolo Bazzoni.

The CICC would like to express our special thanks to all the participants and Bella Napoli for providing the venue for the event and a rich buffet with drinks. Furthermore, we would like to thank Ray Fine Wines for the wine sponsorships as well.

The CICC also kindly invites you to take part in the next MEWG Business Networking Event scheduled on January 19th in Suzhou.

The informal meeting will take place at Cosìcosì Restaurant & Bar (1/F, East Building, No.1 Linglong Street, Suzhou Industrial Park, Suzhou, Jiangsu, China - 苏州工业园区玲珑街一号生活馆东楼一) starting from 7:00 pm.

Know more about MEWG

The MEWG represents the interest of all Italian companies in China working directly or indirectly in the sector on a national base.

MEWG Objectives

▪ Coordinate and promote all Italian members’ needs which are active in many different industries of the Chinese mechanical engineering sector (machinery, automotive, component manufacturers, mechanical engineering …);

▪ Promote and raise awareness on the size and the importance of the Italian technology in the sector to all institutions in China and Italy that are our natural counterparts, in order to develop business opportunities;

▪ Coordinate and promote activities and events that boost the visibility and the image of “Technology Made in Italy”;

▪ Inform all members on the topic Made in China 2025, particularly with regard to risks and opportunities for Italian businesses;

▪ Become a reference for all mechanical engineering companies within the China-Italy Chamber of Commerce (CICC), lobbying private and public institutions active in the Chinese market.

For more information about the MEWG please contact the email address: infoshanghai@cameraitacina.com.

Haven't renewed / applied for your membership yet? Send an email to:

• Beijing office

bj.members@cameraitacina.com

• Chongqing office

infochongqing@cameraitacina.com

• Chengdu office

infochengdu@cameraitacina.com

• Guangzhou office

infoguangdong@cameraitacina.com

• Shenzhen office

infoshenzhen@cameraitacina.com