China Financial Newsletter April 14, 2005


The China Financial Services Newsletter focuses on upcoming events (trade missions, visitors, trade fairs, etc.), highlights some of the financial services opportunities in China, and features a specific topic of interest to US exporters.

1. Upcoming Events

China International Exhibition on Financial Banking Technology and Equipment September 18-21, 2005 (CIFTEE), Beijing, China [5]

The Commercial Service of the U.S. Embassy in Beijing is pleased to announce that it will sponsor the U.S. Pavilion at the CIFTEE to promote American equipment and services to China’s financial services market. If you are interested in participating in the U.S. Pavilion, please send an email to Ms. Aiqun (Ida)

In addition to the US Pavilion, the Commercial Service of the U.S. Embassy in Beijing will also host a Catalog Showcase, where we will display your company's promotional material and encourage trade show visitors to review your product literature. The fee for participating in the Catalog Showcase is USD 100. If you are interested in participating in the Catalog Show, please send an email to Ms. Aiqun

U.S.-China Banking Technologies Week - July 11-15

Senior Chinese banking delegation will visit Bay Area for training, technology conference and networking events. For more information on this event, please contact James Mayfield.

2. Financial Opportunities in China:

Opportunities abound for proven, cutting-edge, U. S. expertise in the following categories:
Credit Analysis & Financial Planning Training and Software
Operations and Information Management Systems
Networking and Security Solutions
Digital/voice/video technology and wireless networks
Data storage technology and Call Center Solutions
Bank Card Technology

For information on these opportunities, contact:
Marilyn Taylor, Commercial Officer – US Embassy – Beijing

Aiqun (Ida) Peng, Commercial Specialist - US Embassy – Beijing

3. Topics of Interest:

U.S. Companies Benefit from Recent Changes in China’s Leasing Laws
Foreign leasing companies no longer must operate as joint ventures. Recent changes in China’s law now allow for foreign invested leasing companies to operate as wholly owned limited companies or as share-holding companies.

Chinese Credit Information System Improvements
The People’s Bank of China recently announced that it would work towards fostering the establishment of a nationwide, unified database for credit information on companies and individuals. The pilot operation of the nationwide, individual credit information database and the new credit reporting system for companies will be launched in 2005.

Harbin Commercial Bank announced that it would sell its allowed max 25% share to foreign investors for capital and management, as it prepares for competition from foreign banks such as Citigroup and HSBC in 2007.

Industrial & Commercial Bank of China, China Construction Bank and Bank of Communications might be the first lenders to set up fund management companies.

Intellectual Property Rights (IPR)
IPR is such a hot topic in China that the Embassy has devoted a significant amount of time and resources in providing up-to-date information on this topic. Check out the IPR Toolkit icon on the Embassy website:

Visas for Chinese citizens to visit the USA
Very strict guidelines regulate the issuance of visas. The latest information is available by clicking on the Visa Info icon on the Embassy website: