This report details the visit of the Parliamentary Joint Committee on Corporations and Financial Services ('the committee') to Beijing and Shanghai from 5 May to 11 May 2013. The purpose of the visit was to improve the committee's understanding of the Australia–China relationship in financial services and, in particular, the opportunities that exist to strengthen these ties and to address areas of bilateral concern.
The committee's visit was part of the annual parliamentary committee visit to the People's Republic of China. The visit operates on an annual rotational basis between standing and joint parliamentary committees. Nominations were accepted from standing committees in 2012 and from joint committees in 2013. The visit is awarded through a competitive nomination process, with a decision made by the President of the Senate and the Speaker of the House of Representatives.
The committee was notified on 4 March 2013 that its nomination was successful. Committee members lodged expressions of interest to travel, and arrangements for the visit were made through the International and Community Relations Office (ICRO). The Department of Finance and Deregulation funded the visit.