The Flanders-China Chamber of Commerce (FCCC) and Group T-International University College Leuven cordially invite you to the Flanders-China Job Fair at Vesalius Campus (Andreas Vesaliusstraat 13, 3000 Leuven) on Thursday, March 31, 2011 from 12:00 to 18:00.
This job fair is a unique opportunity to present your company to Group T’s Chinese and other international students, to its alumni, and to young Chinese professionals.
During the job fair you will be able to meet students from the following programs:
Bachelors of Science in Engineering: Electromechanical Engineering, Electronics Engineering, Chemical Engineering
Masters of Science in Engineering: Electromechanical Engineering, Electronics Engineering, Chemical Engineering, Biochemical Engineering
Postgraduates: International Postgraduate Program in Enterprising, International Postgraduate Program in Logistics Management
The Flanders-China Job Fair also gives you the opportunity to offer these students and alumni internships, company projects, and longer-term learning tracks in your company.

Programme
12:00 h Registration, Lunch offered by Group T
13:00 h
Welcome by Prof. Guido Vercammen, Member of the Board at Group T
Introduction by a representative of the Embassy of the People’s Republic of China in Belgium
Presentation of the Flanders-China Chamber of Commerce by Gwenn Sonck, Executive Director
Presentation “Working and Living in Belgium” by Dr. Gao Weimin, Chairman of the Association of Chinese Professionals in Belgium
Presentation of Group T’s unique two-year master path by Prof. Ingrid Ilsbroux, Associate Dean Innovation at Group T
Closing speech/concluding words by Mr. Hu Songtao, President of the Group T-China – Academic Alumni Alliance
14:00 Job Fair, one-to-one meetings with students and alumni
17:00 Networking drink

Are you interested in Group T’s up-and-coming Chinese and international talent? Then you are welcome at the Flanders-China Job Fair. We invite you to publish your company’s profile, job openings, and projects online. You will also receive online access to the students’ CVs.
Please register before 23 March 2011 through the FCCC website www.flanders-china.be. The registration fee is €300 for FCCC members, €425 for non-members.

The China Banking Regulatory Commission (CBRC) has ordered lenders to reduce their reliance on external rating firms and to build up their internal risk capabilities. The external rating results shouldn’t be relied on in the banks’ decision whether or not to approve loans, it said. External rating agencies may only be used as references, not as a benchmarks. Banks are required to refer to at least two external rating firms when they want to introduce a major investment product if the bank has no internal risk rating system. Banks must quote the lower rating which indicates higher default possibilities. Banks must use their own rating system in making a major investment, the CBRC said. They also have to evaluate the rating firms they turn to every two years to make sure that such firms are independent and capable.

Shanghai has applied for central government approval to set up an insurance exchange. Xu Wenhu, Director of the Insurance Research Center at Fudan University and head of the research group for the proposed exchange, said the municipal government recently completed preliminary work and submitted a proposal to the Chinese government. The exchange is expected to become a major market for reinsurance products. Participants will “probably” include foreign insurers, Xu told the China Daily. The exchange will initially trade liability insurance, reinsurance, and property and group life insurance products. It will offer risk securitization products, catastrophe bonds and insurance derivatives, to spread the risk from the insurance market to the securities market, at a later date. Shanghai aims to become an international financial center by 2020, but the development of the city’s insurance industry lags behind activity in banking and securities. “The insurance exchange is one of the most important components in the city’s plan to become an international financial center,” Xu Wenhu said. Two shipping insurance centers were set up in December, providing a boost to insurance services in the city. The number of insurance companies in Shanghai increased to 110 at the end of 2010 from 100 a year earlier.

Banks were ordered to recalculate capital levels by March 31 to account for higher risk weightings on loans to local governments. Assigning risk weightings that are as much as triple existing ones may cut capital ratios at the five largest lenders to near the regulatory minimum. The move may increase pressure on banks that fall below required capital ratios to raise money or reduce lending. Lenders, including Industrial and Commercial Bank of China (ICBC), had at least CNY7.7 trillion of loans to local government financing vehicles as of June 30, with 23% of the debt not backed by cash flows. Chinese banks raised about USD72 billion from sales of stock and convertible bonds last year. The country boasts four of the world’s 10 largest banks by market value. Beijing cracked down on lending to the funding arms of local governments last year after a surge in such loans added to concerns that a wave of defaults could hurt financial stability. Local governments use financing vehicles to get around regulations that bar them from borrowing directly from banks. Restrictions on local-government lending are part of a wider campaign to slow credit expansion, the South China Morning Post reports. Under guidelines introduced in December, banks must assign 100% risk weightings to local government loans fully covered by cash flows from projects they fund. Credits less than 30% backed by cash flows were assigned the highest risk weighting, at 300%, implying banks will have to triple the amount of capital backing each loan. The new risk weightings will reduce capital adequacy ratios at eight Hong Kong-traded Chinese lenders by 0.42 to 1.23 percentage points and their Tier 1 core capital ratios by 0.33 to 0.95 percentage point, Nomura International Hong Kong analysts estimated. Agricultural Bank of China (ABC) will be hurt the most and China Merchants Bank (CMB) the least, they said.

China’s foreign direct investment (FDI) will continue to experience robust growth this year, following an increase of 23% to USD10.03 billion in January, said the Ministry of Commerce (MOFCOM). In 2010, foreign investment grew by 17.4% year-on-year to a record USD106 billion. Only 3% of the deals by value were made through M&As. In January, investment worth USD4.69 billion went into the service sector, a rise of 31.8%, accounting for 46.8% of the total. China’s western region saw FDI surge 81% to USD510 million, far exceeding that of the eastern part of the country which registered 23%.