On the 3rd May 2011, a European Chamber delegation led by the Vice President Miroslav Kolesar met with Assistant Chairman of China Insurance Regulatory Commission (CIRC), Mr. Chen Wenhui to present the Position Paper 2010/2011. The two parties exchanged views on various issues concerning the insurance sector including the 12th Five-Year Plan that CIRC is developing, exchange of best practice and future project cooperation,etc. The meeting concluded with both parties agreed to have more regular working level contacts in order to understand better the concerns of both sides and to further improve the insurance regulatory environment of China.