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CSRC Held Seminar with EU Financial Firms
14-03-2019

 

 

China Securities Regulatory Commission (CSRC) held a Seminar with EU Financial Firms operating in China on March 13, 2019 in Beijing. The Seminar was attended by CSRC Vice Chairman Mr. Fang Xinghai, EU Ambassador to China Mr. Nicolas Chapuis, and representatives from 10 EU financial firms including Société Générale, Deutsche Bank, BNP Paribas, Intesa Sanpaolo, SEB Merchant, Standard Chartered Bank, HSBC, Santander, Amundi Asset Management and Euroclear Bank.

 

Since President Xi Jinping announced a series of major opening-up measures in the financial services sectors at the Boao Forum for Asia in 2018, the CSRC has been actively carrying out the decisions of CPC Central Committee and the State Council, implementing relevant opening-up policies, and stepping up the two-way opening-up of China’s capital markets. The CSRC supports qualified foreign financial firms, including EU firms, to expand operations in China, uplift the service level and the development of the securities, futures and fund industries, and provide satisfactory and efficient financial services to support high quality development of the Chinese economy. EU financial firms have been reacting actively to relevant opening-up efforts and showing strong intention to grow their business in China. The Seminar further explained the opening-up policies in China’s capital markets to EU financial firms, responding to their questions and concerns about rules application and regulatory practices. The Seminar evoked in-depth discussions, produced good results, and achieved expected effects.

 

Representatives from relevant departments of the CSRC and Asset Management Association of China also attended the Seminar.

  



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