CBBC Meets CBIRC Vice Chairman ZHOU Liang

On 30th March, CBBC’s Chair Sir Sherard Cowper-Coles led a meeting between CBBC members and Vice Chairman ZHOU Liang of the China Banking and Insurance Regulatory Commission (CBIRC). 

China Banking and Insurance Regulatory Commission (CBIRC) Vice Chairman ZHOU Liang

Senior leaders from CBBC Members across banking, insurance, and asset management attended the meeting, as did CBBC’s President, Lord Sassoon, in his capacity as Chair of the China Market Advisory Group (CMAG). Issues raised during the meeting included how the Data Security Law is going to be applied in the context of China’s financial and professional services sector as well as access to licenses so that UK institutions can grow the scale and scope of their business in China.

Senior leaders from CBBC Members across banking, insurance, and asset management attended the meeting

This meeting with China’s banking and insurance watchdog is a part of a broader programme of engagements CBBC has planned with key Chinese government ministries and regulatory bodies, over the coming months. We encourage CBBC Members who wish to get involved to get in touch. 

China Banking and Insurance Regulatory Commission (CBIRC) Vice Chairman ZHOU Liang

In his opening remarks, Vice Chairman ZHOU Liang said, “China always strives to be innovative, particularly in the context of its financial services sector, and the CBIRC will continue to promote financial sector opening with higher level and quality. We welcome leading financial and professional institutions to invest in China and share the dividends of China's development“.

CBBC’s Chair Sir Sherard Cowper-Coles 

Commenting on the meeting, CBBC Chair, Sir Sherard Cowper-Coles said, “Today’s gathering underlines the commitment British companies and institutions have with the China market, showing that the business relationship is strong and flourishing, and pointing the way to further opportunities in both the UK and China. CBBC looks forward to continuing its work with CBIRC to optimize China’s business environment for British financial services firms.”

CBBC Honorary President, Lord Sassoon

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The China-Britain Business Council (CBBC) is the UK’s national business network promoting trade and investment with China. We have been at the heart of the UK-China relationship for 68 years and are widely recognised as the independent voice of British businesses working with China. Our objective is to support the growth of British trade and investment with China and Chinese companies expanding and investing in the UK. Our diverse membership includes leading UK companies and universities, many of the UK’s most dynamic SMEs, and an ever-increasing number of Chinese companies exporting to and investing in the UK.

英中贸易协会（CBBC）是英国促进对华贸易和投资的国家级商业贸易网络。68年以来，我们一直处在行动的核心位置，积极参与两国在每个行业和地区的合作，被广泛认为是英国企业与中国合作的独立声音。我们的目标是支持英国对华贸易和投资的增长，以及中国企业在英国的扩张和投资。我们的会员包括众多英国领先的公司与知名大学、英国最具活力的中小企业，以及越来越多向英国出口和在英国投资的中国企业等。