The Banking Regulatory Commission intends to revise the management measures for corporate group financial companies to add more regulatory indicators

Zhongxin Jingwei, July 29th. On the 29th, the China Banking Regulatory Commission publicly solicited opinions on the "Administrative Measures for the Financial Company of Enterprise Group (Draft for Opinions)".

The person in charge of the relevant departments of the CBRC said that with the changes in the economic and financial situation, the "Administrative Measures for the Financial Company of the Enterprise Group" (Order of the China Banking Regulatory Commission No. 8) can no longer meet the needs of the high -quality development and effective supervision of the financial company industry. First, the regulations have been formulated earlier, and many aspects such as market access standards, opening -up policies, business scope and regulatory requirements are obviously inconsistent with high -quality economic development requirements. Second, in recent years, corporate group operating risks have become increasingly prominent. Individual financial companies have been used by groups to use their groups to become foreign financing tools to accelerate industrial risks into financial risks. The policy environment, external image and reputation also challenged industry supervision.

According to the above -mentioned person in charge, the revision of the "Draft for Soliciting Opinions" has made relatively large adjustments compared to the "Administrative Measures for the Financial Company of the Enterprise Group". The focus is on market access, business scope, regulatory indicators and corporate governance:

The first is to adjust market access standards and expand opening to the outside world. Adjust the license conditions of the corporate group applied for the establishment of a finance company, and it is clear that the multinational group can directly initiate the establishment of a foreign financial company.

The second is to highlight the focus of supervision and improve the efficiency of supervision. In accordance with the principle of "essentially focusing on form", further optimize the service scope of financial companies, and uniformly clarify the relevant administrative license procedures and application materials requirements of financial companies, uniformly uniformly in the "Implementation Measures for the Implementation of Administrative Licensing of non -bank financial institutions".

The third is to optimize business scope and implement business grading supervision. The non -core business business that failed to serve the development of the group, lower external costs, and stronger alternatives, distinguished financial companies to implement hierarchical supervision to internal basic business and foreign special businesses.

The fourth is to optimize regulatory indicators and strengthen risk monitoring and early warning. A supervisory indicators such as some bill business and the group's external liabilities are added to strive to achieve early discovery, early warning, and early disposal of the risk of financial companies.

Fifth, strengthen the supervision of upward extension to prevent the group's industrial risks. In view of the high correlation and risk conduction of enterprise groups and financial companies, related measures to strengthen shareholders' supervision have been increased.

Sixth, strengthen the requirements of corporate governance supervision and enhance the independence of legal persons. In accordance with the relevant regulations such as the "Banking Industry Supervision and Administration Law" and "Bank Insurance Institutions' Company Governance Guidelines", it has increased corporate governance requirements with characteristics of financial companies.

Seventh, improve the risk disposal and exit mechanism, and make up for the shortcomings of the system. Increase related clauses of financial companies, and formulate related content to formulate restoration and disposal plans.

In addition, in recent years, individual enterprise groups have used financial companies to issue a large number of bills without real trade backgrounds. After the group has a business crisis, the financial company's acceptance bills have overdue, causing a major social impact. In order to strengthen the bill business supervision, the "Draft for Soliciting Opinions" newly adds "the bill acceptance balance must not exceed 15%of the total assets, the balance of the acceptance bill margin shall not exceed 10%of the total deposit, and the total amount of bill acceptance and reposting shall not be higher than the net capital." Such as regulatory indicators; the original monitoring index "not allowed the balance of the bills to accept three times the balance of the same industry, and the loan balance must not be higher than the deposit balance and 80%of the actual capital". " , Control the total foreign business of financial companies, and strengthen the risk recognition, early warning and disposal of financial companies' foreign businesses. (Zhongxin Jingwei APP)

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