The First China International Credit and Risk Management Conference is scheduled to be held in Beijing between Oct. 27-29, the China Council for the Promotion of International Trade (CCPIT) announced in Beijing Monday.

The conference, co-hosted by CCPIT and the US Finance, Credit and International Business (FCIB), aims to facilitate building China's business credit system, enhance information exchange and cooperation between China credit management businesses and foreign counterparts, and improve the international competitively for China's finance, insurance and warrantor organizations and businesses, said CCPIT Assistant President Wang Jinzhen at the press conference.

The conference, with the theme of "Fostering a credit world by mutual understanding and cooperation", will cover topics including construction of social credit system, impact of credit economy on the development of global and China's overall economy, basic principles and relevant practices of credit management, and how to expand international business with credit products and services.

"It will help acquaint Chinese attendees more with the latest developments of international credit economy and the advanced credit management ideas, experience and skills," Wang acknowledged.

The conference is expected to attract more than 400 people, including about 100 from the United States, Britain, Germany, Japan, Switzerland, Singapore, Malaysia and Hong Kong.

By then, a group of senior executives of renowned businesses and senior experts of finance institutions from China and overseas, and relevant Chinese government officials as well, will be present at the conference and give speeches, including Paul W. Speltz, Financial and Economic Emissary to China for US Treasury Secretary and Zhang Zhigang, Chinese vice minister of commerce.

(Xinhua News Agency October 26, 2004)