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

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.

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