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

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

Recently, the PBoC has confirmed it will pilot its central bank digital currency (CBDC) in a number of districts and plans to roll it out at the Beijing Winter Olympics in 2022, and the PBoC’s Digital Currency Research Institute confirmed “closed pilot tests” would be conducted in Shenzhen, Suzhou, Xiong’an New District and Chengdu.

In addition, the Chinese government has been strictly regulating fintech business over the last few years. Detailed policies and guidance have been introduced to support the continuous growth of fintech business and to ensure that it is under proper supervision. Consequently, many small fintech companies have been wiped out of the market because of the increasing compliance cost, while big ones have survived. Meanwhile, the government encourages financial institutions to adopt new information technologies. The People’s Bank of China (PBOC) released the Fintech Development Plan (2019–2021) which states the national framework policy for the development of fintech business. The Plan encouraged the development of fintech solutions by using various digital technologies and fintech business will be regulated in a “prudent” manner in order to control the risks associated with information security, transaction security and business continuity. In this context, small P2P lending platforms died out, while bigger and more prudent players continued to grow. Specialised technology companies, including those which provide IT solutions to financial institutions, are developing fast.

• 2020-08-28 | 14:30 - 15:45
• Zoom meeting (online or via call in) /European Chamber Office Beijing, 4th Floor, Room C405

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

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)

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(Beijing 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 Beijing, 4th Floor, Room C405

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