In order to further improve the diversified financial dispute resolution mechanism and effectively improve the effectiveness of financial dispute resolution, on November 24, leaders of Yantai Local Financial Supervision and Administration Bureau went to the International Arbitration Court of the Free Trade Zone to carry out a symposium on the disposal of non-performing assets in the financial industry. Thirteen people, including leaders from the Yantai Arbitration Commission Office, Yantai Huangbo New Area, the Finance Bureau of the Development Zone, and heads of four banks in the Development Zone, participated in the symposium.
At the symposium, Wang Yongjian, Vice President of the International Arbitration Court of the Free Trade Zone, introduced in detail the characteristics and advantages of the arbitration system from five aspects: flexibility, efficiency, confidentiality, professionalism and enforceability, and vividly illustrated the low cost and high efficiency of financial arbitration in the process of disposing of non-performing assets through case study. At the same time, representatives of participating financial institutions spoke enthusiastically and fully exchanged and interacted on the questions, puzzles and difficulties in the financial arbitration work.
Chen Jun, a member of the Party Working Committee of Yantai Huangbo New Area, said that the Yantai Area of China (Shandong) Pilot Free Trade Zone will continue to play its "pilot field" advantage of system and mechanism innovation, provide a series of supports such as platform building, service supply and policy guarantee for two-way linkage cooperation between finance and arbitration, and comprehensively help optimize the legalized, market-oriented and international business environment.
Jia Lei, Director of Yantai Local Financial Supervision and Administration Bureau, stressed that further exploring the establishment of a dispute resolution mechanism of "finance+arbitration" is of great significance for promoting the "speed and efficiency" of financial dispute resolution and the "forward position" of financial risk prevention and resolution. All financial institutions should have a deep understanding of the arbitration system, take the initiative to add arbitration to the contract as one of the alternative dispute resolution methods, and broaden the financial dispute resolution methods.
Liu Zhenxiao, Secretary of the Party Leadership Group and Director of the Yantai Arbitration Commission Office, said that the Yantai Arbitration Commission will firmly establish the concept of "promoting the law as the responsibility and coordination as the key". While vigorously promoting the arbitration system and further expanding the influence of arbitration, it will continue to strengthen the building of institutional capacity, formulate and improve financial arbitration rules, establish a team of financial arbitrators, and comprehensively improve the quality and efficiency of handling cases, Give full play to the role of arbitration in optimizing the financial market environment.
The symposium and research provided new ideas and inspiration for the in-depth cooperation between finance and arbitration. Yantai Arbitration Commission will take this opportunity to focus on the needs of market players for financial arbitration services, and promote financial development to a new level with better arbitration services!
