Meeting between Consumer Finance & NBFI Working Group and Shanghai Municipal Financial Regulatory Bureau to Discuss Issues Faced by European Leasing Companies amid COVID-19
2020-04-24 | Beijing, Shanghai
On Friday 24th April, five leasing companies met representatives from Shanghai Municipal Financial Regulatory Bureau at the EU Chamber’s Shanghai Office. Working Group Vice Chair, Mr. Olivier Rambert, introduced the WG to the officials. Ms Li Maoju, Deputy Director of Department of International Cooperation introduced Shanghai Government Policies that support business operation during the COVID-19 outbreak. Mr. Chen Wei, Director of Regulation Department II, introduced Equipment Leasing policy. This was followed by a fruitful discussion on issues faced by European leasing companies in China amid COVID-19. Topics raised during the discussion included protection of ownership of Lease Assets, E-signature, Factoring, Risk/Asset Ratio and Cross-Border guarantees.