European Union Chamber of Commerce in China

Banking & Securities Working Group (Beijing)

Working Group Meeting

Wednesday, 30 October 2013, 08:30-10:00

Location: European ChamberBeijing Office, Room C411A

               北京市朝阳区亮马桥路 50 号北京燕莎中心写字楼 C411A 室

Dear Working Group member,

The European Chamber is pleased to invite you to the next joint Banking & Securities Working Group meeting which will take place on Wednesday, 30 October, from 8:30-10:00 in our Beijing and Shanghai offices.

At this meeting, the Banking & Securities Working Group will have the honour and pleasure to welcome Ms. Annabella Fu in Beijing and Mr. Richard Gu in Shanghai at the same time. They will present on the topic of the Shanghai Free Trade Zone and its implications for foreign banks.

The eagerly awaited details of the China (Shanghai) Pilot Free Trade Zone were finally released by the State Council on 27 September 2013, with the Free Trade Zone scheduled to be formally launched on 29 September 2013. Launch of this scheme is expected to ease the administrative burdens and legal restrictions currently imposed on both of foreign and domestic investors, at least within the confines of the Free Trade Zone, and to contribute to greater inflow of foreign investment into the Free Trade Zone (which covers an area including the Shanghai Waigaoqiao Free Trade Zone, the Shanghai Waigaoqiao Bonded Logistics Zone, the Shanghai Pudong Airport Free Trade Zone and the Yangshan Free Trade Port Area, the “Zone”). It is also widely believed that success of this scheme will lay a solid foundation for nationwide financial reform and liberalisation of the Chinese market. The Shanghai municipal government is currently in the process of formulating various implementing rules which expect to be issued soon.

Tentative Agenda

• Presentation on the Shanghai Free Trade Zone and its implications for foreign banks by Ms. Annabella Fu, Partner of Linklaters Beijing and Mr. Richard Gu, Partner of Linklaters Shanghai
• AOB

If you would like to join, please register with Mr. Will HU at whu@europeanchamber.com.cn. Please also feel free to suggest additional discussion points.

For more information on the Working Group, or the European Chamber in general, please contact Xavier Sans Powell in Beijing, xsanspowell@europeanchamber.com.cn or Felix Hamilton in Shanghai, fhamilton@europeanchamber.com.cn

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