Dear Working Group Members,
The next Compliance & Business Ethics Working Group meeting + Chair Elections is scheduled on Wednesday, 26 April, 14:00-16:00 at European Chamber offices in Shanghai and Beijing via video conference. At the meeting, Mr. Terry Xia, Head of Compliance of ING China will deliver a presentation on People's Bank of China (PBOC)'s Macro Prudent Management on Cross-border Financing. The presentation will be followed by a Q&A session and an interactive discussion on the concerns and questions during the application and implementation of the MP financing management model.
In April 2016, the People's Bank of China (PBOC) issued a circular on Overall Macro-prudential Management for Cross-border Financing (MP financing management) which applies to financial institutions (FIs) and non-financial institutions (non-FIs) in mainland China. By adopting the MP financing management model, the foreign debt quota approval for China onshore FIs and non-FIs will be removed and replaced by a method of outstanding balance control calculated with a capital based PBOC formula. Under this regime, China onshore FIs and non-FIs will have more funding sources from offshore for better liquidity management.
In addition, we will also have a discussion on the Compliance & Business Ethics Position Paper (PP) 2017/18. Therefore we strongly encourage you all to attend this meeting and have your say in our lobbying priorities, strategy and direction of the group for the year to come.
Tentative Agenda:
- 14:00 – 14:10 Welcome remarks
- 14:10 – 14:25 2017-2018 Chair & Vice-Chair Elections
- 14:25 – 15:15 Presentation by Mr. Terry Xia, Head of Compliance of ING China, on People's Bank of China (PBOC)'s Macro Prudent Management on Cross-border Financing + Q&A and discussion.
- 15:15 – 16:00 Discussion on the 2017/18 Compliance & Business Ethics Position Paper
Chair Elections
The Compliance & Business Ethics Working Group Chair and Vice-Chair play a crucial role in driving the Working Group, which includes a leadership role in the drafting of the Position Paper, communicating key messages to Chinese and European government authorities and steering Working Group meetings. The desired characteristics of a Chair and Vice Chairs are a senior industry representative with relevant industry expertise and government contacts who has the time and willingness to support the Working Group. Previous participation in the Working Group is essential.
The maximum duration of Chairperson or Vice Chairperson of a Group is three consecutive years. Candidates are only eligible for Chair or Vice Chair positions if he/she is physically based in China. Only Corporate members are eligible for Chair and Vice Chair positions. The Compliance Working Group can have, at most, one Chair and three Vice-Chair. According to European Chamber guidelines, members must be present at the Working Group meeting to register a vote for the Chair elections.
2017/18 Compliance & Business Ethics Working Group Position Paper
The PP is the Chamber’s key lobbying document and is widely recognized by the Chinese and European governments, EU institutions, business associations and the media as the authoritative voice of EU business in China. Please see the Compliance PP 2016/2017 attached for your reference. Working Group members are encouraged to review last year’s Position Paper and identify internally the key issues to be included in the upcoming 2017/18 edition.
We encourage as many of our members as possible to attend to have their say in the leadership and representation of the Working Group in the year ahead. To attend, please register here or by contacting Ms. Sio-Mei Ng at smng@europeanchamber.com.cn.
Downloads
Some documents are only available to download by members of the following Working Groups / Fora in Shanghai.
- Compliance and Business Ethics
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Compliance WG_PositionPaper 2016 [Chinese Version]
Group / Forum Members only
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Compliance WG_PositionPaper 2016 [English Version]
Group / Forum Members only
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