Banking and Securities WG met with NFRA

2023-09-27 | Beijing, Shanghai

On 27th September, representative from Banking and Securities Working Group, joined by 2 representatives from European Banking Federation, had an exchange with the newly setup National Financial Regulatory Association. 

The 3 parties shared experiences regarding implementations of Basel III, from both Chinese Banks and EU banks in the 2 jurisdictions, as well as Chinese banks' painpoints in EU, and EU banks' challenges in China.

The new Chinese regulator emphasized to advocate for the openness of the Chinese financial industry, and was supportive of adapting the regulation for EU/foreign banks in China.