Advocacy Actions
Meeting 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
Read moreComments to the National People's Congress Standing Committee on the Personal Information Protection Law (Draft for Comments)
On 19th November, the European Chamber working groups submitted comments on the Personal Information Protection Law (draft) to the National People's Congress Standing Committee.
Read moreMeeting with Junyao Li Deputy Director-General of the Dongcheng District Bureau of Finance
On September 15, European Chamber had a meeting with deputy director-general of the Dongcheng District Bureau of Finance at Chamber Beijing Office.
Read morePresentation of the Financial Services PP to Economic and Financial Counsellors
On 9th September, the Chairs of the Banking, Consumer Finance and Insurance Working Groups at the Chamber presented their respective Position Papers to EU Member State Economic and Financial Counsellors.
Read moreWG Meeting with Director General Mr. Mu Changchun, Digital Currency Institute, People’s Bank of China on Digital Currency and Fintech
On 28th August, the Consumer Finance & Non-Banking Financial Institution WG organised a meeting for members to hear directly from Director General Mr. Mu Changchun of the Digital Currency Institute, People’s Bank of China.
Read moreMarket Access Team meeting on Financial Services
On 14th July European Chamber representatives joined a Market Access Team meeting on financial services organised by the EU Delegation.
Read moreLobby Letter to Shanghai Municipal Financial Regulatory Bureau on industry concerns faced by European leasing companies operating in the city
The letter is a follow up action to the meeting held between working group representatives and bureau officials on 24th April. The letter was sent to Mr. Chen Wei, Director of Regulation Department II detailing concerns raised during the April meeting and providing insights into European leasing 'Best Practice'.
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