Convening

SAFEA training program for Chinese financial regulators and government representatives sponsored by VISA

Delegates pose for a photo before their meeting with the Consumer Finance Protection Bureau. 14 Chinese financial regulators and government representatives, representing the People’s Bank of China (PBOC), China Banking Regulatory Commission (CBRC), the China Securities Regulatory Commission (CSRC), Ministry of Finance, State Administration of Foreign Exchange, National Development and Reform Commission (NDRC), Municipal Bureau of Financial Work, various departments within the State Council, and State Administration of Foreign Expert Affairs (SAFEA) participated in a three-week training program sponsored by Visa Inc and developed in partnership with Financial and Regulatory systems, this program included a week-long training at Stanford and professional meetings in San Francisco, Sacramento and Washington DC.

At Stanford’s Graduate School of Business, delegates took courses that focused on credit and liquidity, financial markets and risk, disruptive technologies and innovation, and electronic payments, which prepared them for meetings in San Francisco with FinTech companies like Visa, Lending Club, Plug and Play and Ripple Labs. In addition, meetings with the San Francisco Office of the Treasurer, the California State Controller’s Office and the U.S.

Department of Treasury gave the delegates an opportunity to learn about managing finances at the city, state and federal levels. In their final week in Washington DC, the delegation met with their American counterparts in financial regulatory organizations such as the FDIC, FINRA, Consumer Financial Protection Bureau and the Federal Reserve, as well as with the World Bank and the White House Council of Economic Advisors.

Delegates pose for a photo after touring Visa’s Data Net Center in Ashburn, Virginia. Delegates pose for a photo before their meeting with the Consumer Finance Protection Bureau. Delegates relax on the front lawn of Stanford University after a tour of the campus. Mr. Ran Hua, Director General of the Futures Supervision Department of the China Securities Regulatory Commission, summarizes and reflects upon the week of meetings the delegation had in San Francisco.

Delegates discuss the role of the executive branch in setting U.S. economic policy with Jay Shambaugh, a member of the White House Council of Economic Advisers. Delegates pose for a photo at Stanford’s Graduate School of Business. Delegates meet with the U.S. Securities and Exchange Commission in San Francisco to discuss federal securities laws and market integrity. Delegates take a break from their intensive study at Stanford’s Graduate School of Business.

Delegates meet with Federal Reserve regulators to discuss monetary policy, financial stability and risk, and stress testing. Project Sponsor Project summary SAFEA training program for Chinese financial regulators and government representatives sponsored by VISA | September 2017 Number of Visitors: 14 Regions: South and Central Asia Countries: China Impact Areas: Business and Trade Partners: Private Sector , Public Sector See Program Page .