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ICC BANKING COMMISSION JAKARTA 2017: Day 1(wed 5 April) 11:00 ICC Banking Commission: News & Updates

International Chamber of Commerce - ICC
International Chamber of Commerce - ICC
International Chamber of Commerce - ICCInternational Chamber of Commerce - ICC

This panel takes an overview of the current priorities of the ICC Banking Commission, and a summary of the Commission’s strategic direction. Issues to be discussed ::: Highlights of the new Banking Commission Strategy ::: Updates on governance, Executive Committee and Advisory Board ::: Priority work areas, including market intelligence, regulatory advocacy and rulemaking Presented by Jun Xu, Deputy General Manager, Global Trade Services Department, Bank of China

ICC BANKING COMMISSION JAKARTA 2017: Day 1(wed 5 April) 11:00 ICC Banking Commission: News & Updates

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News & Updates
- China’s Trade Related Developments
XU Jun (Bank of China)
Jakarta, Indonesia
April 5, 2017
Trade Promotion & Facilitation
E-commerce/
Fintech
Customs
Declaration Financial Services
& Credit Support
RMB
Internationalization
&
B & R Initiatives
Trade & trade
finance related
regulations & laws
Multilateral / Bilateral FTAs
& FTZs
Highlights
PRC President Xi Jinping: “ Many of the problems troubling the world are
not caused by economic globalization….Pursuing protectionism is like
locking oneself in a dark room. …No one will emerge as a winner in a trade
war.” (2017 Davos WEF annual meeting)
ICC China’s Efforts
 Experts
recommendation
 Organizing
feedback about
ICC’s opinions
and rules
 Dialogues with
regulatory
bodies
 Consultation
 Expert’s Opinions
 Rules translation & promotion
 Training & Industry seminars
 Information sharing and risk management
Rules
Making
Advocacy
Work
Dispute
Resolution
RMB Internationalization
Development
 Premier Li Keqiang : “We shall also push forward
the gradual internationalization of RMB, make the
financial industry more open…(8th Annual
Conference of “2014 Summer Davos Forum)
 SWIFT(RMB tracker):Over 1,900 financial
institutions using the Renminbi (RMB) for payments
 2016 BOC RMB Internationalization White Paper:
Optimistic about RMB internationalization in the
long term
2009
0
2
4
6
8
2010 2011 2012 2013 2014 2015 2016
2010-2016 Cross-border RMB
Volume
Trade Volume
Direct Investment
Volume
The Belt and Road (B & R)
Initiatives
 Regional economic cooperation platform: aimed at building a trade and infrastructure
network connecting Asia with Europe and Africa along ancient trade routes.
 Cooperation Priorities: promotion of policy coordination, facilities
connectivity, unimpeded trade, financial integration and people-to-people bonds
 President Xi Jinping: “The Belt and Road can be seen as an opportunity to promote
transnational interconnection, improve trade and investment cooperation, advance
cooperation in international capacity and equipment manufacturing to rebalance and
stabilize the world economy.” (2016, Belt and Road Initiative Beijing Symposium)
Continuing Increase of China’s Direct Investment
in B & R countries
China B & R Overseas Contracted
amount: Proportion
China B&R Overseas
Contracted Project:
amount
Thank You!

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ICC BANKING COMMISSION JAKARTA 2017: Day 1(wed 5 April) 11:00 ICC Banking Commission: News & Updates

  • 1. News & Updates - China’s Trade Related Developments XU Jun (Bank of China) Jakarta, Indonesia April 5, 2017
  • 2. Trade Promotion & Facilitation E-commerce/ Fintech Customs Declaration Financial Services & Credit Support RMB Internationalization & B & R Initiatives Trade & trade finance related regulations & laws Multilateral / Bilateral FTAs & FTZs Highlights PRC President Xi Jinping: “ Many of the problems troubling the world are not caused by economic globalization….Pursuing protectionism is like locking oneself in a dark room. …No one will emerge as a winner in a trade war.” (2017 Davos WEF annual meeting)
  • 3. ICC China’s Efforts  Experts recommendation  Organizing feedback about ICC’s opinions and rules  Dialogues with regulatory bodies  Consultation  Expert’s Opinions  Rules translation & promotion  Training & Industry seminars  Information sharing and risk management Rules Making Advocacy Work Dispute Resolution
  • 4. RMB Internationalization Development  Premier Li Keqiang : “We shall also push forward the gradual internationalization of RMB, make the financial industry more open…(8th Annual Conference of “2014 Summer Davos Forum)  SWIFT(RMB tracker):Over 1,900 financial institutions using the Renminbi (RMB) for payments  2016 BOC RMB Internationalization White Paper: Optimistic about RMB internationalization in the long term 2009 0 2 4 6 8 2010 2011 2012 2013 2014 2015 2016 2010-2016 Cross-border RMB Volume Trade Volume Direct Investment Volume
  • 5. The Belt and Road (B & R) Initiatives  Regional economic cooperation platform: aimed at building a trade and infrastructure network connecting Asia with Europe and Africa along ancient trade routes.  Cooperation Priorities: promotion of policy coordination, facilities connectivity, unimpeded trade, financial integration and people-to-people bonds  President Xi Jinping: “The Belt and Road can be seen as an opportunity to promote transnational interconnection, improve trade and investment cooperation, advance cooperation in international capacity and equipment manufacturing to rebalance and stabilize the world economy.” (2016, Belt and Road Initiative Beijing Symposium) Continuing Increase of China’s Direct Investment in B & R countries China B & R Overseas Contracted amount: Proportion China B&R Overseas Contracted Project: amount