The EU China Financial Services Cooperation project's objective was to assist China in its efforts to restructure its financial services industry, involving support to strengthening the regulatory and supervisory authorities in the fields of banking, securities and insurance. The counterparts for the project were the People's Bank of China, the China Banking Regulatory Commission, the China Securities Regulatory Commission and the China Insurance Regulatory Commission. The project ran between 2001 and 2006 and saw very worthwhile activity throughout in delivering policy advice to all three sectors. A significant amount of knowledge and skills transfer was undertaken through concerted programmes of seminars, study tours and internships for all four counterpart organisations. Success was also achieved in implementing large-scale training programmes and structures.
Serge Abou, Ambassador of the EU Delegation of the European Commission to China, commented during the project's closing symposium held in Beijing in December 2006: "The project has provided a sound foundation upon which the EU can continue its interaction with China's regulators and market practitioners in the years ahead".
Our consortium partners for this project were Caisse Nationale des Caisses d'Epargne (F), Lloyds TSB Bank Plc (UK), Swedbank (S), Savings Banks Foundation for International Cooperation (D), German Insurance Association (D), and Vienna Stock Exchange (A).