Advocacy Actions
European Chamber financial services chairs join Shanghai Trade Counsellors Meeting
On Friday 17th December, the financial services working groups chairs joined Shanghai Trade Counsellors Meeting to give an overview of the developments in the financial sector over the year 2021
Read moreMarket Access Team meeting for Financial Services
On 15th October 2021, a group of European Chamber representatives joined a Market Access Team meeting on financial services organised by the EU Delegation.
Read moreEuropean Chamber Delegation Met with Shandong Officials
On 14th October, the European Chamber delegation led by Vice President Guido Giacconi met with representative of the Shan Dong officials.
Read moreSubmitted comments to the People's Bank of China on the Anti-money Laundering Law (Revised Draft for Comment)
The working groups suggested to clarify roles and responsibilities, including for units and individuals. Other suggestions include narrowing the scope of the confidentiality obligation of the new law, make clear the name and specific supervision mode of the state anti-money laundering administrative department and to clarify the specific treatment methods of domestic foreign-funded institutions, that is, whether the existing unified anti money laundering compliance system of overseas parent banks can be used.
Read moreRoundtable with DG Mu Changchun of the PBOC's Digital Currency Institute
The discussion centered on onshore and offshore usage of the E-CNY. DG Mu updated members on the roll out of the E-CNY and assessment of the pilot project ahead of the Beijing Winter Olympics 2022. He also detailed a little bit on regulation and standards required for the E-CNY. Other topics briefly discussed included bank deposits and digital regulation.
Read moreEuropean Chamber financial services representatives meet with CAI negotiators
On 25th January member representatives from the financial services Working Groups met with CAI negotiators for a briefing on the impact of the Agreement on their respective industries.
Read moreChief Negotiator for CAI debriefs European Chamber representatives on the Agreement
On 5th January, Chief Negotiator for the Comprehensive Agreement on Investment (CAI) Ms Maria Martin Prat and her team debriefed a group of Chamber industry representatives on the key points of the Agreement.
Read moreMeeting with PBOC - China Financial Standardisation Technical Committee (CFSTC)
The China Financial Standardization Technical Committee (CFSTC, SAC/TC 180) is a technical organization authorized by the Standardization Administration of the P. R. C. (SAC). CFSTC is a technical organization engaged in nationwide standardization in the financial sector and is responsible for the centralized management of standardization technology in the financial industry and for domestic work related to ISO/TC 68 and ISO/TC 222. The Standardization Administration of the P. R. C. has entrusted The People’s Bank of China to lead and manage China Financial Standardization Technical Committee. There are three sub-committees affiliated to CFSTC covering securities, insurance, and printing standardization, respectively.
Read moreConference-call with CBIRC on Cross-selling Insurance Products
Many foreign insurance companies do not hold a cross selling qualification in China, whereas in the past, foreign insurance companies that have obtained this qualification only aim at selected business lines. As old-style applications for cross-selling licenses were stopped while back members have been in a kind of vacuum on this matter. In this conference-call, the progress on re-open applications for cross-selling of insurance products for insurance companies was discussed. It was also discussed what consumer finance companies and auto finance companies that wish to act as an intermediate of insurance and expect to see in terms of regulatory developments.
Read moreEuropean Chamber Shanghai Chapter Zhejiang Government Dialogue on Fintech
European Chamber Shanghai Chapter Zhejiang Government Dialogue on Fintech
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