Advocacy Actions
Three Financial Services Working Groups' Meeting with CBIRC
On 18th November, 2022, the Banking and Securities Working Group, along with the Insurance Working Group, and the Non-banking Working Group, had a joint government meeting with the China Banking and Insurance Regulatory Commission (CBIRC), discussing about the presence challenges and business complementarity EU financial institutes have in China, especially under a complex international environment.
Read moreLobby Letter Submitted to the China Banking and Insurance Regulatory Commission (CBIRC) on the Growth Challenges of Three Financial Working Groups
On 11st July, the European Chamber’s Banking & Securities working group, Insurance working group and Non-Banking Financial Institutions (NBFI) working group sent a joint letter to the China Banking and Insurance Regulatory Commission (CBIRC) on the Growth Challenges foreign financial institutes come cross in China. The bilingual letter, starting with a cover letter co-signed with European Banking Federation, is 20-pages long, listing 4 issues from banks and 2 issues from leasing companies.
Read moreWG meeting: Understanding the European and Chinese updated standardisation strategies
On 24th May, the European Chamber organised a Working Group meeting on the EU and Chinese standardisation strategies.
Read moreMarket Access Team meeting for Financial Services
On 20th May 2022, a group of European Chamber representatives joined a Market Access Team meeting on financial services organised by the EU Delegation.
Read moreMeeting with Sports Equipment Centre
On 8th April, representative from the Sports Equipment Centre of the General Administration of Sports, Foreign Trade Development Centre of the Ministry of Commerce and Urban Culture Development Research Institute, China Architectural Culture Research Association, Ministry of culture and Tourism (UCDRI) visited the European Chamber.
Read moreEuropean Chamber members meet with the Director-General of the European Commission's DG FISMA
On the 21st March, a group of senior representatives from the financial services Working Groups led by President Joerg Wuttke met with Director-General of DG FISMA, John Berrigan.
Read moreMeeting with PBOC - China Financial Standardisation Technical Committee (CFSTC)
The China Financial Standardization Technical Committee (CFSTC, SAC/TC 180) is a technical organization authorized by the Standardization Administration of the P. R. C. (SAC). CFSTC is a technical organization engaged in nationwide standardization in the financial sector and is responsible for the centralized management of standardization technology in the financial industry and for domestic work related to ISO/TC 68 and ISO/TC 222. The Standardization Administration of the P. R. C. has entrusted The People’s Bank of China to lead and manage China Financial Standardization Technical Committee. There are three sub-committees affiliated to CFSTC covering securities, insurance, and printing standardization, respectively.
Read moreFinancial Services PP Presentation for CBIRC
On Thursday 10th December, the three Working Group Chairs of Banking & Securities WG, Insurance WG and Non-banking Financial Institutions WG presented their WG’s respective Position Paper to working level officials of the China Banking & Insurance Regulatory Committee.
Read moreConference-call with CBIRC on Cross-selling Insurance Products
Many foreign insurance companies do not hold a cross selling qualification in China, whereas in the past, foreign insurance companies that have obtained this qualification only aim at selected business lines. As old-style applications for cross-selling licenses were stopped while back members have been in a kind of vacuum on this matter. In this conference-call, the progress on re-open applications for cross-selling of insurance products for insurance companies was discussed. It was also discussed what consumer finance companies and auto finance companies that wish to act as an intermediate of insurance and expect to see in terms of regulatory developments.
Read moreEuropean Chamber Shanghai Chapter Zhejiang Government Dialogue on Fintech
European Chamber Shanghai Chapter Zhejiang Government Dialogue on Fintech
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