China’s financial arbitration has been growing rapidly in recent years. Wang Chengjie, Vice Chairman and Secretary-General of China International Economic and Trade Arbitration Commission (“CIETAC”), tells the ALB that two regulations on financial arbitration were promulgated in the second half of this year.

On September 8, 2020, the CIETAC/CMAC Hainan Arbitration Center Unveiling Ceremony, was held in Haikou, Hannan Province. Lu Pengqi, Vice Chairman of CCPIT, and Liu Xingtai, Member of the Standing Committee of the Hainan Provincial Party Committee and Secretary of the Political and Legal Committee, attended the opening ceremony and jointly unveiled the CIETAC Hainan Arbitration Center and CMAC Hainan Arbitration Center.