Advocacy Actions

2020-02-18 > All chapters

Summary of Challenges for European Business due to the Outbreak of the COVID-19

Upon request of the China Committee of Promotion of International Trade (CCPIT), the European Chamber has reached out to working group members to collect feedback on the impact on business due to the novel coronavirus (COVID-19). More than 100 companies from different sectors provided feedback.

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2020-02-13 > Beijing, Shanghai

Comments to CBIRC on Measures on Implementing Administrative Licensing Items for Non-Banking Financial Institutions

On 13th February, the European Chamber’s Consumer Finance and Non-Banking Financial Institutions Working Group submitted comments to the China Banking and Insurance Regulatory Commission (CBIRC) on Measures on Implementing Administrative Licensing Items for NBFIs (Draft for Comment).

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2020-02-09 > Beijing, Shanghai

Comments to CBIRC on Interim Administrative Measure for Financial Leasing Companies

On 9th February, the European Chamber’s Consumer Finance and Non-Banking Financial Institutions Working Group submitted comments to the China Banking and Insurance Regulatory Commission (CBIRC) on Interim Administrative Measure for Financial Leasing Companies (Draft for Comment).

The Working Group addressed issues concerning financing costs, legal system related to financial leasing and after-sale leaseback, credit bureau system, business management, financial ratios, factoring and cross-border guarantees.

The Working Group gave detailed suggestions on how to improve operations for financial leasing companies:

• Banks are advised to provide medium-term financing, i.e. more than 5 years, to reduce pressure on customer cash flows with long-term assets (i.e., large machinery). In addition, we suggest that the concentration risk and transactions with affiliated parties to be soften in terms of the calculation method for concentration, point of time and average balances.
• The mortgage process for rental properties be improved to protect the ownership of the leasing company. In the after-sale leaseback transaction structure, the lessee is not required to issue a receipt (as a voucher to the bank) to the leasing company before making a payment to the bank. We recommend that customers who use a financial lease to complete their equipment purchase should receive a local government subsidy.
• A period to comply with rules for new start-ups in 2019-2020 would be welcomed.
• To facilitate financing for small and medium-sized enterprises, an easy-to-access and integrated credit bureau system should be open to equipment leasing companies to collect customer payment records and financial statements.
• Electronic signatures, direct debits and swipe with barcodes would be important measures to gather information and limit forgery and money laundering.
• The risk asset/equity ratio should be maintained at 1:10. Any reduction in this ratio change will have a significant impact on the ability of equipment leasing companies to finance small and medium-sized enterprises.
• Since European leasing companies are not allowed to obtain (i) cross-border corporate guarantees or (ii) cross-border bank guarantees (or even bank guarantees from their parent companies), the ability of TNCs to invest in new machinery and equipment in China is significantly limited. The Working Group recommends giving this situation a green light and a convenient process. It also recommends that the possibility of cross-border cash pooling to be explored further.

Overall, the Working Group welcome the CBIRC's efforts to strengthen the management of the financial leasing industry, and we can also feel some recent improvements in the financial leasing industry. We always believe that the financial leasing industry for China's economic development and financing of various industries can provide professional solutions, especially for small and medium-sized enterprises. Here, we are ready to spare no effort to share our international experience in all areas to help the Chinese economy further unlock its potential and momentum.

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2020-02-07 > Beijing, Shanghai

Submitted comments to NDRC on Products Catalog of Energy Efficiency Label (15th Batch)

On 7th February, the European Chamber's Energy working group submitted comments to the NDRC on Products Catalog of Energy Efficiency Label (15th Batch).

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2020-01-23 > Beijing, Shanghai

Comments to NPC on Draft Law of the People's Republic of China on the Protection of the Yangtze River

On 23rd January, the Environment and Petrochemicals, Chemicals and Refining working groups submitted comments to the NPC on Draft Law of the People's Republic of China on the Protection of the Yangtze River.

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2020-01-23 > Beijing, Shanghai

Comments to NPC on Solid Waste Environmental Pollution Prevention and Control Law (2nd Draft for Comments)

On 23rd January, the European Chamber's Environment working group submitted comments to the NPC on "Solid Waste Environmental Pollution Prevention and Control Law (2nd Draft for Comments)".

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2020-01-23 > All chapters

Comments to the CAAC's Draft 'Trial Aviation Fuel Quality Approval and Supervision Procedure'

The Aviation and Aerospace Working Group submitted comments to the Civil Aviation Administration of China's (CAAC's) draft 'Trial Aviation Fuel Quality Approval and Supervision Procedure'.



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2020-01-15 > All chapters

Pre-departure meeting between EU Tour Delegates and EU Ambassador Nicolas Chapuis

On 15th January, a delegation of senior industry representatives participating in the EU Tour led by President Joerg Wuttke met EU Ambassador H.E. Nicolas Chapuis for dinner.

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2020-01-13 > Shanghai

Meeting with Ambassador Akio Isomata and Japanese business leaders

On 13th January, European Chamber Shanghai Chairman Carlo D'Andrea led a presentation of the Chamber's Position Paper and Corporate Social Credit System report to the Japanese Ambassador and Consul-General Akio Isomata and Japanese business leaders.

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2020-01-02 > Beijing, Shanghai

Comments to SAMR on Opinions on Regulating the Use of Rapid Food Testing (Draft for Comments)

The European Chamber very much welcomes the State Administration for Market Regulation (SAMR)'s decision to collect opinions on the "Opinions on Regulating the Use of Rapid Food Testing (Draft for Comments)". Upon careful study of this notice, the European Chamber Agriculture, Food and Beverage Working Group, Paediatric Nutrition Working Group, Food for Special Medical Purposes Working Group, and Cheese Working Group have collated all member inputs and submitted them to the SAMR for their consideration.

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