On 1-2 December, 2021, on the occasion of the eighth National Constitution Day, Xinjiang Uygur Autonomous Region Banking Association  (short for XBA ), China Council for the Promotion of International Trade Xinjiang Uygur Autonomous Region Committee  (short for CCPIT Xinjiang ) and China International Economic and Trade Arbitration Commission (short for CIETAC ) Silk Road Arbitration Center  successfully held the “Online Thematic Training On Diversified Dispute Resolution and Non-performing Asset Disposal in Banking Industry”.

The purpose of the training is to implement President Xi’s important instruction of “Insist on putting Non-litigation Dispute ResolutionMechanism Ahead”, to carry out The Opinion on Comprehensively Promoting the Construction of Diversified Financial Dispute Resolution Mechanism , which was jointly issued by the Supreme People’s Court of the People’s Republic of China , the People’s Bank of China  and the China Banking and Insurance Regulatory Commission ,to explore and promote the diversified dispute resolution mechanism in banking industry, to further unblock the relief channels for financial consumers' rights and to promote the legally compliant operation and sustainable and healthy development of the banking industry.

The training was divided into two sessions. Jia Shen, the Deputy Director of the Department of Legal Affairs  of Xinjiang CCPIT and arbitrator of CIETAC, gave a thematic training on Diversified Dispute Resolution in Banking Industry and Commercial Arbitration. Starting with the phenomenon of a black swan and three gray rhinos, Mr. Jia Shen explained the trend of the diversified development  ofdispute resolutions in banking industry. After that, he introduced thoroughly about the features of commercial arbitration, as well as the advantages of arbitration services in controlling risks in banking industry. At last, he combined typical cases and made a typing analysis to frequent disputes in banking industry.

Bu Xiangrui, the expert consultant of the Diversified Dispute Resolution Mechanism Research Base of the Supreme People’s Court , Director of the Financial Arbitration Professional Committee of China Academy of Arbitration Law  and arbitrator of CIETAC, gave a thematic training on Non-performing Asset Disposal and Risk Mitigation of Commercial Banks. Mr. Bu Xiangrui elaborated from three aspects, including risks of non-performing asset disposal in commercial banks, key legal issues and suggestions on risk mitigation. He emphasized that, banking supervision policies must move towards the rule of law, strengthen internal control construction, do a good job of risk control in accordance with law and regulations, as well as effectively improve the ability to serve the real economy and prevent financial risks.

More than 8000 people from member units of XBA and the service units of CCPIT watched the training online.