Corporate risk managers in China came together for localised knowledge at the PARIMA Shanghai Conference 2017

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More than 180 delegates gathered for the PARIMA Shanghai Conference 2017, as issues such as cyber risk and supply chain risks once again hit the risk agenda.

Attendees were primarily corporate risk managers based in China, as PARIMA hosted its second 2017 regional conference in Shanghai on 21 June.

Although PARIMA has held smaller workshops and events in Shanghai and Beijing, this was the first time the risk association has hosted such a large-scale event there.

Given the prevalence of China’s ‘One Belt One Road’ initiative, the conference started with a short presentation by Owen Belman, North Asia CEO of Aon-COFCO followed by Jingwei Jia, China CEO and managing director of Swiss Re Corporate Solutions. They shared potential investment opportunities and considerations the ‘One Belt One Road’ will bring to organisations over the next few years.

Throughout the day, risk managers from organisations as diverse as Disney, Lenovo, Intercontinental Hotel Group, Porsche, Nestle and Amazon attended various educational breakout sessions.

These sessions covered topics that included: cyber regulation in China, captives, supply chain risks, project risks related to international expansion, product recall and safety management in construction projects. 

Keith Xia, PARIMA board member and head of risk management at Intercontinental Hotel Group told StrategicRISK that the PARIMA Shanghai event is one of the best events they have been organised for the Chinese risk manager community.

“I was pleased how the content we organised had been recognised by the Chinese risk managers,” said Xia.

“In the future, we hope to organise bigger events with more domestic Chinese risk managers,” he added.

Stacey Huang, PARIMA executive director, said: “I am bowled over at the amount of enthusiasm and positive feedback received from participants regarding the Shanghai conference, and already am receiving requests for more of such activities in other parts of China.”

PARIMA will hold its next conference in Singapore on 14 November 2017.