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 as well as opinions of European companies operating in China on how China's national financial standards, industry standards, group standards and enterprise standards impact their daily work.

• 2020-12-22 | 09:00 - 11:00
• Either offline attendance in the office or online through Zoom

Compared with traditional commercial bank customers, consumer finance customers and auto finance customers have a higher credit risk: they are more vulnerable, and more likely to default and obtain bad personal credit records. At the same time, these customers might be unfamiliar or do not proactively seek the security net that insurance provides. Meanwhile, insurance groups and holding companies strive to bring synergies to their markets by cross-selling between life insurance, health insurance and P&C companies, which requires them to obtain the qualification of cross-selling each other’s products in China. Many foreign-owned insurance companies do not have this cross-selling qualification, and those that do have obtained it in the past only for selected business lines. Meanwhile, draft regulation for commercial banks to cross-sell insurance has been released. In addition, consumer finance companies and auto finance companies seek to act as insurance agents in the same way that banks do. To successfully compete in the market, insurance companies, consumer finance companies and auto finance companies must be enabled to apply for this qualification.

• 2020-12-09 | 16:30 - 17:45
• European Chamber Office, Shanghai

The European Chamber is pleased to invite you to join the Business Delegation Visit to Zhejiang Province with a tentative date of Wednesday, 25th November 2020.

• 2020-11-25 | 10:00 - 18:00
• Hangzhou, address be shared prior to the event

The European Chamber’s Financial Services Working Groups are delighted to invite you to the Joint Working Group Meeting “CF40/CASS Report Presentation on Foreign Perspectives of China’s Financial Opening Up” which is to take place on Tuesday 24th November 2020, 16:00-17:30 pm.

Register online or email Pablo Galvez at pgalvez@europeanchamber.com.cn (Shanghai) before Friday 20th November, COB. You will receive a confirmation email containing the link to join the meeting via Zoom after registration closes the day before. You may also attend in person at Shanghai office. Please send an email to pgalvez@europeanchamber.com.cn if your preference is in person attendance.
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 tank CF40 (China Finance 40 Forum) and conducted by CASS (the Chinese Academy of Social Sciences). This year the project was focused on shedding 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
• Either offline attendance in the Chamber's office or online through Zoom

During these past nine months, the Chairs of the working group overcame difficulties and led the WG to see things happen: the drafting of the Consumer Finance & Non-Banking Financial Institutions Position Paper was realised, a meeting with Shanghai Municipal Financial Bureau was held, a lobby letter advocating for factoring was sent and several comments on leasing regulation have been submitted to CBIRC. On top of that our counterparts at the EU Delegation has become increasingly aware of our industry and the issues we face thanks to our continued activities. To see through our end goal of establishing a level playing field and build a platform for strong EU-China cooperation, more advocacies will need to be carried out in the second half of the year, and we are especially looking forward to realise WG members’ expectation on sales and lease back and factoring business advocacies.

• 2020-10-15 | 12:00 - 14:00
• The Kitchen Table, W Hotel Shanghai

E-signature has become an important formality vehicle for entering into commercial contracts worldwide. What are e-signature’s implication and enforceability in Chinese commercial and judicial world? The European Chamber is delighted to invite you to our next working group meeting where Mr. HE Fang, partner of King & Wood Mallesons will present on the e-signature and Chinese e-signature law by sharing some real-life court cases.

• 2020-07-03 | 10:00 - 11:30
• Online (ZOOM) & Onsite (Shanghai Chamber Office)

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 Shanghai, Unit 2204,

At this working group meeting, Ricky Xue, Partner at PwC China, China Tax and Business Advisory, will share an overview of the primary tactics for cash repatriation and workable, China-focused solutions from foreign exchange, tax, and commercial perspectives.

• 2020-06-05 - 2020-06-05 | 10:30 - 11:30
• European Chamber Shanghai Office, European Chamber Beijing Office, Zoom

The European Chamber’s Consumer Finance & Non-Banking Financial Institutions Working Group and Cosmetics Working Group are delighted to invite you to the Joint Working Group Online Meeting “E-Signature, the Answer to Continued Business Operations amid Covid-19? Part I” which is to take place on Wednesday 13 May 2020, 14:30-15:30 pm CST.

• 2020-05-13 | 14:30 - 15:30
• Zoom Online Meeting Platform, only pre-registered participants

At this online Working Group meeting, we will host two experts to discuss how COVID-19 is affecting retail, as well as the short- and long-term effects of the outbreak on consumer behavior.

• 2020-04-01 - 2020-04-01 | 15:30 - 17:00
• Zoom