Advocacy Actions
Submitted Comments on the Financial Institutions' Customer Due Diligence and Management Measures for the Preservation of Customer Identity Data and Transaction Records (Draft for Comments) to the PBOC
The draft regulation is calling on financial institutions should be diligent and responsible, follow the principle of "know your customer", identify customers and their beneficial owners, and take corresponding due diligence measures for customers, business relationships or transactions with different risk characteristics of money laundering or terrorist financing. The working group submitted comments based on their experience as global financial institutions.
Read moreRoundtable with DG Mu Changchun of the PBOC's Digital Currency Institute
The discussion centered on onshore and offshore usage of the E-CNY. DG Mu updated members on the roll out of the E-CNY and assessment of the pilot project ahead of the Beijing Winter Olympics 2022. He also detailed a little bit on regulation and standards required for the E-CNY. Other topics briefly discussed included bank deposits and digital regulation.
Read moreMeeting with the European Banking Federation (EBF) and EU Commission
The Banking & Securities Working Group had an online meeting with representatives of both the European Banking Federation (EBF) and the EU Commission on March 23rd.
Read moreMeeting with Experts and Officials from the Beijing Pilot Program on Cross-border Data Flow working group
The European Chamber company representatives met with experts and officials from the Beijing Pilot Program on Cross-border Data Flow Working Group for a seminar on the development of the pilot program and the application channels.
Read moreEuropean Chamber financial services representatives meet with CAI negotiators
On 25th January member representatives from the financial services Working Groups met with CAI negotiators for a briefing on the impact of the Agreement on their respective industries.
Read moreMeeting with the European Banking Federation (EBF)
First meeting of 2021 between the European Banking Federation (EBF) and the European Chamber's Banking & Securities Working Group.
Read moreAdvocacy Letter to China Banking and Insurance Regulatory Commission (CBIRC) on the latest adjustment of macro prudential policy on cross border financing
On January 18th the European Chamber sent a letter addressed to Director Tang Li of the division of bilateral negotiation of China Banking and Insurance Regulatory Commission (CBIRC) to discuss the latest adjustment of macro prudential policy on cross border financing and the huge impact it is having in the foreign banking industry. The letter was signed by Peter Ling-Vannerus, Chair of Banking & Securities Working Group.
Although the Chamber is aware the CBIRC is not directly involved in this notice, the group felt the need to give the CBIRC a heads up.
Advocacy Letter to the General Affairs Department of the State Administration of Foreign Exchange (SAFE) on the latest adjustment of macro prudential policy on cross border financing
On January 18th the European Chamber sent a letter addressed to the General Affairs Department (Policy and Regulation Department) of the State Administration of Foreign Exchange (SAFE) to discuss the latest adjustment of macro prudential policy on cross border financing and the huge impact it is having in the foreign banking industry. The letter was signed by Peter Ling-Vannerus, Chair of Banking & Securities Working Group.
Read moreAdvocacy Letter to the People's Bank of China (PBOC) on the latest adjustment of macro prudential policy on cross border financing
On January 18th the European Chamber sent a letter addressed to Governor Yi Gang of the People's Bank of China (PBOC) to discuss the latest adjustment of macro prudential policy on cross border financing and the huge impact it is having in the foreign banking industry. The letter was signed by Joerg Wuttke, President of European Chamber.
Read moreChief Negotiator for CAI debriefs European Chamber representatives on the Agreement
On 5th January, Chief Negotiator for the Comprehensive Agreement on Investment (CAI) Ms Maria Martin Prat and her team debriefed a group of Chamber industry representatives on the key points of the Agreement.
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