Advocacy Actions
Financial Services Working Group Meets with the EU Delegation
On 29th April, the Financial Services Working Group (WG) met with Sabino Fornies Martinez, Minister Counsellor at the Delegation of the European Union to debrief on the outcomes of the high-level EU-China Financial Regulation Working Group.
Read moreBanking and Securities and Insurance Sub-working Groups Submit Comments on NFRA Measures for Data Security Management of Banking and Insurance Institutions
On 22nd April, the Banking and Securities and Insurance Sub-working Groups provided feedback on the National Financial Regulatory Administration （NFRA) Measures for Data Security Management of Banking and Insurance Institutions (Draft for Comments).
Read moreFinancial Services Working Group Members Attend China-EU Roundtable
On 19th March, European Chamber Vice-President Bruno Weill and representatives from the Financial Services Working Group member companies attended the China-EU Roundtable hosted by the People's Bank of China (PBoC) on the sidelines of the high-level EU-China Financial Regulatory Working Group.
Read moreEuropean Chamber representatives meet with Director-General for DG FISMA John Berrigan
On 18th March, a group of European Chamber representatives led by Vice-President Bruno Weill met with Director-General for DG FISMA and his team.
European Chamber Financial Services Working Groups Meet with the National Financial Registration Administration
On 13th March, European Chamber Vice President Bruno Weill and representatives from the Banking and Securities, Non-Banking Financial Institutions, and Insurance Working Groups met with representatives from the National Financial Regulatory Administration (NFRA).
Read moreFinancial Services Working Groups Meeting with Delegation of the European Union to China
On 7th February, representatives from the Financial Services Working Groups met with representatives from the Delegation of the European Union to China to discuss the upcoming high-level EU-China Working Group on Financial Regulation.
Read moreMeeting with Representatives from DG Trade and DG FISMA on Cross-Border Data Transfer Issues in the Non-Banking FI and Insurance Sectors
On 23 January, representatives from the European Chamber Non-Banking Financial Institutions and Insurance Working Groups had an exchange on the issues companies in the financial services sector face in relation to cross-border data transfer.
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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