The CFSTC is hoping to engage with members of the European Chamber’s Financial Services Working Groups to better understand foreign companies’ work on financial standardization and within the European Union as well as opinions of European companies in China on how China's national financial standards, industry standards, group standards and enterprise standards impact their daily practical work.

• 2020-12-22 | 09:00 - 11:00
• European Chamber Office Beijing, 4th Floor, Room C405

During August, the European Chamber, along with the US-China Business Council and the Japan External Trade Organization (JETRO), participated in an anonymous survey based on an annual research project financed by the influential Chinese think thank CF40 (China Finance 40 Forum) and conducted by CASS (the Chinese Academy of Social Sciences). This year the project was focused on shredding light on the difference in perceptions between China’s regulators and foreign financial institutions when it comes to the opening up, underlining that there is a big gap. On one hand, China’s officials think they make great efforts to push forward the financial opening. On the other hand, foreign financial institutions feel limited improvement and wish the opening could bring more impactful changes.

On this basis, CASS has now published the report at the second Shanghai Bund Summit and are delighted to share the results with members of the European Chamber’s Financial Services Working Groups. At this meeting, Mr. Qiyuan Xu, Senior fellow, Head of Economic Development Department and Deputy Director of RCIF (Research Center of International Finance) at CASS will present the report.

• 2020-11-24 | 16:00 - 17:30
• European Chamber Office Beijing, 4th Floor, Room C405

What are the roadblocks encountered by these? The EU SME Centre and the European Chamber are pleased to invite you to our first Working Group meeting of Phase III of the Centre, where three expert panelists will discuss SME financing from the perspectives of banking, innovation funding and consumer finance. The meeting will take place on Monday, 2nd November from 16:00-17:30 both online and offline.

• 2020-11-02 | 16:00 - 17:30
• Zoom/Beijing Offices

The European Chamber’s Financial Services Working Groups (Banking & Securities WG, Consumer Finance & Non-Banking Financial Institutions WG and Insurance WG) are delighted to invite you to the Joint Working Group Meeting “Financial Services Joint WG meeting: Work Session & Feedback to EUD ahead of CBIRC and CSRC Seminar” which is to take place on Wednesday 16th September 2020, 10:00-11:30AM CST.

• 2020-09-16 | 10:00 - 11:30
• Beijing and Shanghai offices

Investment in the fintech sector has remained strong even in the face of turmoil and volatility in global markets and despite macroeconomic concerns. Demand for fintech innovations by financial institutions has continued to grow.

FinTech can bring numerous benefits to both consumers and businesses. . Fintech has grown for several reasons: changes in expectations about financial services and consumer behaviour; a more affordable infrastructure spurred by Artificial Intelligence (AI), big data and cloud computing; digital currencies and mobile technologies and their effect on reducing barriers to entry to the financial services industry. Fintech, thus, has continued to transform the global financial landscape. On the other hand, FinTech innovations can pose risk for consumers and businesses, with the increasing need of protecting the privacy of customers’ information in an online environment.

In this context, China has been at the forefront of the industry’s growth. China is the largest fintech market in the world, in 2018 it accounted for 46% of all fintech investments globally. China had the right conditions to promote this incredible development: traditional banking systems were not well-developed and the regulatory environment was far less constraining towards fintech businesses. These two factors combined boosted the industry in China.

The European Chamber is pleased to invite renown experts of the industry to offer insights, trend analysis and predictions for the evolution of the sector, as well lessons to be learnt from the Chinese model. We welcome Dr. Bonnie Buchanan, Head of Department of Finance and Accounting, Professor of Finance, University of Surrey (United Kingdom), Michael Moon, Managing Director, Payments & Trade Markets, Asia Pacific, SWIFT, Piyush Singh, Managing Director, Head of Financial Services Asia Pacific and Africa, Accenture, and Diego Garcia Fernandez, Head of Business Development Alipay Spain Wallet. and David Wen, Professor at the International Business School at Zhejiang University. Join us Thursday 3rd September, 4:00am-5:15pm (GMT+8) online via Zoom.

• 2020-09-03 | 16:00 - 17:15
• Online - Zoom Online Meeting Platform and in-person from the European Chamber Shanghai Office

Amidst rising political tension between the U.S. and China, China's financial sector has been undergoing accelerating transformation towards further opening-up its €39 trillion financial services industry, where even a small fragment of the market may be lucrative. In this sense, the upcoming event comes to show a model example of a foreign company seizing an opportunity and leading the way in what it was an untapped market for foreign companies until now.

The European Chamber is pleased to invite you to the second event of the series "The Future of Finance", which will take place on Monday 10th August 2020 at 4pm (GMT+8) and where Fritz Quinn, VP, Public Affairs and Communications, Japan, Asia Pacific and Australia at American Express, will share with participants American Express' experiencing obtaining the approval for their clearing license in China.

• 2020-08-10 | 16:00 - 17:00
• Online - Zoom Online Meeting Platform

As the financial services market in China continues to open up to foreign firms, foreign banks, insurers, and asset & wealth managers, interesting opportunities begin to arise. There are a number of challenges along the entire life-cycle, from the outset of thinking through the optimal entry strategy, to designing the operating model, through to navigating the local regulatory regime, and eventually building and scaling up a profitable franchise in China.
The European Chamber is delighted to invite you to the first event of the series "The Future of Finance", which will take place on Monday 27th July 2020 at 5pm (GMT+8). Participants can join online via Zoom or in person from the Shanghai Chapter of the European Chamber.

• 2020-07-27 | 17:00 - 18:30
• Either offline attendance in the Chamber's office or online through Zoom

The US-China relation has been in turmoil as of recent. The trade war gave way to the US-China Phase One Trade Deal which has helped accelerate some opening in the financial services sector. However, as the relationship is further subjected to a lot of strain, doubts remain in the horizon about what fruits will bear this tension and what impact will the financial services sector take. This event tries to tackle this and much more, explaining in detail possible scenarios that we need to consider and be ready for. To present a detailed picture of the situation we will count with the expertise of Michael Hirson who leads Eurasia's Group's coverage of China.
Register here online or email Pablo Galvez at pgalvez@europeanchamber.com before Sunday, 28 June, COB. You will receive a confirmation email containing the link to join the meeting via Zoom after registration closes.

• 2020-06-29 | 09:00 - 10:30
• Online - Zoom (Link to be sent upon confirmation/registration)

At this meeting, Andrew Polk, Co-Founder and Partner, Trivium and Long Chen, Co-Founder and Partner, Plenum will present their understanding of the opening up of the Chinese financial sectors, and the great uncertainty seen in the first half of 2020. They will also offer their insight on how consumer finance and insurance providers and banks can navigate the current hybrid regulatory environment.

• 2020-06-17 | 09:00 - 10:30
• Zoom meeting (online or via call in) /European Chamber Office Beijing, 4th Floor, Room C405

In recent years, there is an increasing array of issues related to the field of cybersecurity, data and cloud servicing that are having a very significant impact on the Banking industry. The purpose of this meeting is to shed light into some of these problems, the current regulatory framework, the impact on foreign banks, ways to improve the situation and discuss what banks can do to mitigate some of the problems.

• 2020-05-20 | 09:00 - 10:40
• Online - Zoom (Link to be sent upon confirmation/registration)