Join fellow banking members from Beijing and Shanghai next Monday to discuss, among other pressing issues, the interpretation of the new SAFE regulations which are to come into effect 1 December.
This meeting will mark the first time the Beijing and Shanghai Working Groups conference for live debate in an effort to coordinate future actions. Discussion of the SAFE regulation will be all the more timely given that the Chamber has managed to secure a meeting with a SAFE Vice Minister for the next day, Tuesday, 29 November.
Monday's meeting will therefore provide us with a chance to flesh out our position and reach consensus on key messages to convey to Chinese authorities on behalf of the European banking industry in China.
The provisional agenda includes:
1. Discussion of new SAFE regulation
- Management of foreign guarantees for loans to PRC borrowers
- Borrowing of foreign debts by FIEs and multinationals
2. Preparation for Meeting with SAFE Vice Minister
3. Fund Custody Regulations/Proposed letter to CSRC
4. International banks lending below PBoC-10% to Auto-finance companies in China
For more information about this meeting and the Beijing Working Group please contact Carl-Johan Skold (Assistant to the Working Group) on cjskold@euccc.com.cn. Thank you for confirming your attendance by Thursday, 24 November. Feel free to email specific issues you would like to address during discussion ahead of time.