The Consumer Finance and Non-banking Financial Institutions Working Group is pleased to invite you to attend the 2020 Kick-off meeting to be introduced to Financial Leasing and discuss the plan for action in 2020 including electing your Chair and Vice Chair for 2020-2021.
Amid the new regulatory environment the consumer credit industry witnessed regulatory changes in 2019 especially for what concerns the P2P lending and increased emphasis on consumer protection from regulators. Since then, industry players had to face a wide range of uncertainties.
Financial leasing has also come to have fallen under the regulation of the CBIRC. There is hope that the new regulation will bring structure to the market. However unclear regulation created somewhat of a burden and the regulatory predecent in the market creates concerns that the regulator might consider setting a non-banking institutions provisioning policy similar to that for banks.
In 2020, the Consumer Finance and Non-banking Institutions WG will work together with all members to build an effective voice to strengthen our advocacy activities to improve the business and investment environment in China. To do so, the WG needs your contribution to decide our path forward in 2020 by putting forward your thoughts and participating in the WG election.
Any members who are motivated to run for the Chair or Vice Chair positions, please send your CV and motivation letter before Friday 21st Feb to Ms Charlotte Svensson at csvensson@europeanchamber.com.cn. The profiles of the nominees will be shared to the whole WG prior to the scheduled election.
This is an online event on the platform Zoom. All registered attendees will receive a link and meeting id one day prior to the meeting day.
Tentative Agenda:
Welcome Remarks
Presentation on the introduction of Financial Leasing into the Working Group, Mr. Olivier Rambert, CEO, Societe Generale Leasing & Renting Co., Ltd.
Overview of 2019 activities by current Chair Ms Anastasia Kornilova, Home Credit Consumer Finance Company Co., Ltd.
Discussion on the Consumer Finance & Non-banking Institutions Position Paper 2020/2021
Chair/Vice Chair Elections 2020-2021
End of meeting
For more information, please visit:
https://zoom.com.cn/