The Ministry of Finance issued a notice to further strengthen the financial management of state -owned financial enterprises

Notice on further strengthening the financial management of state -owned financial enterprises

Caijin [2022] No. 87

The People's Bank of China, the CBRC, the CSRC, the provinces, autonomous regions, municipalities, and planned municipal departments (bureaus), Xinjiang Production and Construction Corps Finance Bureau, regulatory bureaus of the Ministry of Finance, central financial enterprises, and other countries in all countries:

In order to thoroughly implement the work requirements of the Party Central Committee and the State Council on further serious financial and economic discipline, rectify financial order, standardize financial management, guide financial enterprises to standardize orderly, healthy and stable operation, and promote the high -quality development of the financial industry. The management notification is as follows:

1. Standardize the management of financial enterprises' revenue and expenditure, consolidate the financial foundation, and promote the high -quality development of cost reduction and efficiency

(1) Strengthen financial budget management and reasonably control expenses. Financial enterprises should strictly abide by financial laws and regulations and systems, firmly establish the ideas of life, take cost management and control as the center, strictly budget management, strengthen internal control, and reduce the cost of non -necessary expenses, avoid waste and waste, and correct them in time. Necessary and irregular expenditures.

Financial enterprises should streamline meetings, travel, training, forums, celebrations and other related activities, strengthen the integration of activities such as the same place, overlapping objects, and similar contents. Actively use new methods such as video, telephone, and networks to save relevant expenses. Strictly control general sponsorship expenditures, effectively integrate advertising expenditure and corporate culture construction expenditure.

Financial enterprises should strictly keep their check -in for disclosure of their abroad (border), bus purchase, operation, and business entertainment fees for budgets. For activities such as non -substantial content, due to the outbound (border) and business entertainment activities, it is necessary to resolutely cancel it. Consolidate the results of the reform of the official vehicle system, strengthen the management of the retaining vehicle, strictly control the vehicle scrap and update, and effectively reduce the cost of business vehicles. Strictly control the number of business entertainment activities and expense budgets, classify the classification and implementation of business, foreign affairs and other official entertainment standards, and clarify procedures for the application, approval, implementation, and reimbursement of business entertainment fees.

Financial enterprises are strictly prohibited from lectures, eliminating luxury waste, and strictly implementing entertainment standards in accordance with regulations. It is strictly forbidden to purchase high -end drinks. If financial enterprises need to give souvenirs due to business entertainment activities, they should save simplification and use the publicity of corporate image, display corporate culture, or reflect regional culture.

Financial enterprises should strictly regulate the management of office housing, strictly prohibit illegal purchase and construction of office housing, strictly prohibit luxury decoration office houses and high -end office furniture; strictly add new asset allocation management, linked to asset stocks, assets such as office housing are idle Or if you rent out and have re -use conditions, in principle, you must not apply for new (including rental) similar assets in the same county -level area. For assets such as idle office houses, we must timely integrate and use or deal with assets such as idle office houses to avoid waste of resources.

The centralized procurement of financial enterprises shall follow the principles of openness, fairness, justice, honesty, and benefit. It can adopt public bidding, inviting bidding, competitive negotiations, competitive consultations, single source procurement, inquiry, and other procurement methods identified by relevant management departments. Essence Financial enterprises shall implement centralized procurement according to the procurement plan and include annual budget management. The centralized procurement matters outside the plan shall be submitted in accordance with the relevant regulations of the enterprise. The major adjustment of the procurement plan shall review the centralized procurement management committee in accordance with procedures.

Financial enterprises shall strictly implement the relevant regulations of the state's personal treatment of employees, and the expenses of entertainment, fitness, tourism, tourism, shopping, shopping, and gifts shall not be listed in corporate costs. Among them, to establish supplementary medical insurance for employees, the required costs are listed in the cost in accordance with the standards prescribed by the state; exceeding the prescribed standard part or exceeding the scope of the medical insurance reimbursement, and the employee individuals are borne by the employee.

(2) Strictly implement the requirements for performance treatment and business expenditure, and further strengthen the management responsibilities of financial enterprises to subordinate departments and institutions. Financial enterprises shall strictly implement the requirements of performance and business expenditure management in accordance with regulations, and allocate business vehicles and office houses in accordance with standards and standards. Domestic business trips, due to the standards of publicity (border) in accordance with the prescribed standards, implement accommodation and catering standards. Strictly standardize the travel, accommodation, and reception standards of branches and sub -institutions at all levels.

Financial enterprises shall establish and improve the management system for official vehicles in charge, strictly implement 1 person, 1 or more vehicle for the person in charge (including purchase and rental) business vehicles, and shall not issue public vehicle subsidies for participating car reform personnel It also provides business car protection.

Financial enterprises should implement the responsibility of internal management, timely convey and refine the management policies, and urge subordinate departments and institutions to implement the system; determine the principals of the person in charge of institutions at all levels in accordance with the regulations, the standards of the person in charge of the institutions at all levels, the various standards of business expenditure, and other senior managers in accordance with the standards. And the principals of the subordinate departments and institutions do not exceed the standards of the deputy head office (or head) deputy person in charge, and other heads of the subordinate department and institution shall be lower than the deputy head of the head company (or head).

Central financial enterprises, financial enterprises affiliated to various provinces, and financial enterprises affiliated with relevant departments shall rationally determine the standards of performance treatment and business expenditure in accordance with the corresponding levels and implement them.

(3) Actively optimize the structure of internal income distribution, scientifically design the salary system, and reasonably control the distribution level of the post. Financial enterprises should actively optimize the structure of internal income distribution, give full play to the positive incentive role of wage salary, and effectively implement the average salary increase in the headquarters in principle. It is not higher than the policy requirements of the average salary increase of employees in the enterprise. Financial enterprises must effectively fulfill the main responsibilities of holding subsidiaries, branches, direct management enterprises, and other actual control enterprises. Financial enterprises should reasonably control the difference in job distribution, fully mobilize the enthusiasm of front -line employees and grass -roots employees, effectively balance the income distribution relationship of leadership, middle -level cadres, and grassroots employees. The total annual salary of the year should be further increased towards front -line employees and grassroots employees.

Financial enterprises should seriously distribute discipline, strictly clean up and standardize external income, and incorporate all salary income into total salary management. In addition to the total salary, it shall not be listed in other forms of salary, subsidies and other salary expenses to achieve income wages and wages, and Wages and currencyization and transparency.

(4) Establish and improve the mechanism of delayed payment and salary pursuit of salary distribution. Financial enterprises should comprehensively consider factors such as market conditions, performance, risk, and remuneration strategies, scientifically set different job compensation standards, and reasonably determine a certain percentage of performance salary. For senior managers of financial enterprises and employees who have direct or important posts on risks, the basic salary is generally not higher than 35 % of the total salary. According to the business income and risk installment assessment, the performance salary will be extended. More than 40 % of the extension payment method should be adopted. The extended payment period is generally not less than 3 years to ensure that the paid payment period of performance compensation is matched with the risk duration of the corresponding business.

Financial enterprises should formulate a performance salary recovery and deduction system. For senior managers and employees who have direct or important impact on the positions of risks, they fail to diligently diligently responsibilities in their own responsibilities. If the risk is lost, financial enterprises shall recover some or all of the performance salary within the corresponding period after fulfilling the company's governance procedures in accordance with the law and regulations, and stop paying the non -payment part or all salary. The period of performance salary recovery is consistent with the behavior of the act of relevant responsible persons. Performance compensation recovery deduction regulations are applicable to resigns or retirees.

2. Strengthen financial asset management, safeguard financial debt, and effectively prevent financial risks

(5) Classification of asset risks, accurately and reasonable risk preparation, and true and fair reflection of business results. Financial enterprises should strengthen the quality management of assets, do real asset risks, and regularly carry out re -examination of various types of asset risks, truly and accurately reflect the quality of assets, and shall not conceal the true risk of assets in an invalid reorganization.

Among them, the invalid reorganization refers to the reorganization of debt agreements that do not meet the qualified debtors (excluding judicial reorganization such as bankruptcy and reorganization under the court), or the debtor's debt reorganization that is difficult for the debtor to substantial quality and efficiency and resolve risks after the reorganization. The debtors who do not meet the conditions generally cannot settle the debt due, and the assets are not enough to settle all debt companies with all debt or obvious lack of claim capacity, and have one of the following conditions: (1) The State -owned Assets Supervision and Administration Commission of the State Council or the Provincial People's Government List of "zombie enterprises"; (2) Maintain production and operation mainly by government or corporate headquarters subsidies and bank renewal. The asset -liability ratio exceeds 85 % and has continuously lost money in the last three fiscal year. Value, and the debt -owned financial enterprise has a substantial operating risk; (3) It has been discontinued for more than half a year due to difficulty in production and operation or more than one year, and it is hopeless to re -work by credit financial enterprises.

Financial enterprises should comprehensively evaluate their own assets, scientifically predict potential risks, and objectively evaluate the loss of asset impairment according to the changes in the quality of the assets. Power and truly reflect the profitability, and must not manually adjust the reserve to manipulate profits.

(6) Strengthen the management and disposal management of non -performing assets to effectively prevent moral risks and the loss of state -owned assets. Financial enterprises should strictly implement the basic principles of "meet the conditions for identification, provide valid evidence, account for deposit, and power are urged", increase the nuclear sales of non -performing assets, and use the existing nuclear sales policies. For non -performing assets to apply for verification, necessary preservation measures should be taken and the necessary recovery procedures should be taken to effectively perform due diligence of borrower and debt associates, guarantee property, etc. If the asset losses are lost, the relevant responsibility is identified and pursued in accordance with regulations.

For the assets that have been well -sold, in addition to the end in accordance with the relevant regulations of the state, financial enterprises shall implement account sales management and establish a system after nuclear sales asset management. Assets, the progress of the settlement of asset sales, the progress of responsibility and accountability of responsibility. Among them, for the nuclear sales assets submitted to the board of directors to review and approved, statistical accounts should be established to track and monitor the progress of the processing and disposal.

For the legitimate rights and interests that have been enjoyed by the assets of the nuclear sales, financial enterprises should achieve "the account sales case is not sold, the recovery power is not reduced, the positive check of the clues, and the full demand of the rights and interests" should be performed. The responsible system, the person who clarifies responsible, and dynamically adjust the authorization of non -performing assets based on the recovery effect. For the upper -time assets of recovery and recycling value in the nuclear sales, if the progress of no substantial clear collection and disposal for more than three consecutive years, financial enterprises shall report to the financial management department at the same level and financial management departments at the same level. Correspondence transfer of non -performing assets in financial enterprises should adhere to the principle of "compliance, public transparency, clean transfer, and real sale", to fully disclose relevant information in a timely manner, strictly prohibit the operation of dark boxes, prevent moral risks, and do not transport interest by dealing with non -performing assets. It is strictly forbidden to transfer non -performing assets through false transfer to cover up the quality of the real assets of financial enterprises. The non -performing assets (including the first transfer of banks and the subsequent transfer of asset management companies), in addition to in accordance with relevant national regulations, with the debt reorganization of the original debtors and the stakeholders, the asset -heavy, shall not be transferred to the original debtor and related enterprises of the asset Stakeholders. Among them, the non -performing assets purchased by the asset management company shall be dealt with by the non -performing assets purchased in batches. Financial enterprises should establish an inspection and random inspection system on the disposal of non -performing assets, and severely crack down on illegal acts such as interest transportation.

(7) Strengthen overseas investment management and effectively prevent cross -border asset risks. Overseas investment in financial enterprises shall follow the principles of "compliance and compliance in accordance with laws, the overall situation, business operations, controllable risks, integrity and self -discipline, and clear power and responsibilities", and effectively serve the national macro policies and the real economy. Risk, integrity operations, power and responsibility, etc., the losses must be questioned, and the accountability must be strict.

Overseas investment decisions of financial enterprises should establish a full process and full -chain management mechanism, and implement due diligence and feasibility demonstration beforehand; in the matter, we must strengthen comprehensive budgets, step -by -level authorization, project tracking, risk monitoring, asset supervision and capital control, implement decision -making decision -making , Implement and monitor incompatible job separation mechanisms to prevent the risk of integrity of overseas investment; carry out performance evaluation afterwards, and implement tracking and questioning. For projects that have suffered losses, we must implement responsibility identification and accountability in accordance with the law.

Third, compact the main responsibility of financial enterprises, accurately implement accounting accounting, and truly and complete the financial accounting report

(8) Financial enterprises must make accounting and preparing financial accounting reports in accordance with laws and regulations to ensure that the financial accounting report is true and complete. Financial enterprises shall make accounting in accordance with the actual economic business matters in accordance with the provisions of laws and regulations and national unified accounting systems, fill in accounting vouchers and register accounting books to achieve the real data, accurate computing, and reliable source. The accounts are consistent, the account is consistent, and the account list is consistent. It is not allowed to mix the subjects, must not be listed, concealed, delayed or confirmed in advance to confirm the income, and must not increase, multi -column, no or less costs, costs, costs, and no virtual or reduced reduction. Assets, liabilities, and owners' equity shall not be manipulated by manipulating accounting information to regulate financial indicators and regulatory indicators, hidden risks, and shall not implement specific accounting intentions to avoid regulatory requirements by designing complex transactions.

Financial enterprises shall prepare financial accounting reports in accordance with laws and regulations, and shall not prepare and provide false or concealed financial accounting reports to effectively fulfill their responsibility for the quality and quality of accounting information; Essence

(9) Financial enterprises must accept independent audits by accounting firms in accordance with the law to provide effective support and guarantee for their independent and objective audit opinions. Financial enterprises should provide effective support and guarantee for the implementation of the shareholders' responsibility mechanism, unblocking report path, fulfilling the necessary audit procedures, and objective publication in the practice of accounting firms.

In order to ensure the quality and independence of audit, financial enterprises should strictly implement the regular rotation system, and employment of accounting firms, audit projects, and signing accountants in accordance with regulations.

The selection of external audit and accounting firms of financial enterprises shall be implemented by shareholders (large) associations (large) or board entrusted by the board of directors. The irrelevant departments or institutions are handled; if financial enterprises have not established a board audit committee, the departments or institutions that can be compiled by internal and financial statements can be implemented to ensure the independence of external audit. For financial enterprises that have not set up shareholders (large) or board of directors, the selection of accounting firms shall be determined or authorized by institutions that perform the duties of investors.

The selection of accounting firms can adopt public bidding, inviting bidding, competitive negotiations, and competitive consultations in accordance with regulations. The selected evaluation criteria for the selection of accounting firms should highlight the quality factors, and do not use the level of quotation as the decisive factor. For low -cost competition and malicious bidding for accounting firms, it should be removed when the average of the bid evaluation and calculation of the average quotation should be removed. The audit costs should be reasonably determined according to factors such as market fair level, changes in the general situation of interbank rotation, and audit workload.

Fourth, the financial department must actively fulfill the duties of state -owned financial capital investors, effectively protect the owner's rights and interests

(10) Financial departments at all levels should urge financial enterprises to strengthen internal management and promote the orderly and orderly financial governance norms. Guide financial enterprises at this level to strengthen financial management, improve risk management and internal control mechanisms, improve the corporate governance structure, promote the standardized, orderly, and healthy development of financial enterprises, and promote state -owned financial capital preservation and appreciation. (11) Financial departments at all levels should effectively strengthen the practical management of state -owned equity directors and implement the supervision mechanism of investors. State -owned equity directors must exercise their rights and fulfill their obligations under the guidelines of laws and regulations and related operations, and effectively play the role of "participating in decision -making, grasping processes, execution of supervision, and information hubs" to achieve loyalty and diligence, better play with financial enterprises and management Layers of supervision and restrictions.

(12) Financial departments at all levels must compact accounting firm's independent audit responsibilities and effectively play a third -party supervision role of independent audit. Implementing accounting firms to the responsibility mechanism of financial enterprise shareholders, and requiring accounting firms to undertake the audit business of financial enterprises independently and objectively and objectively expressed auditing opinions on the financial status, operating results, and cash flow of financial enterprises. The report is issued for audit reports for various stakeholders.

同时，各级财政部门要加强金融风险信息监测，建立健全预测预警机制，有效防范金融风险外溢，切实防止地方金融风险向中央转移集聚；及时开展财会监督检查，严肃查处违反财经纪律、财务造假、 Internal control failure and other issues, build the foundation of financial enterprises' financial management, and effectively maintain financial discipline.

Five, others

(13) Scope of application. This notice is applicable to state -owned financial enterprises, including a wholly state -owned and state -owned holding financial enterprise (including state -owned actual control financial enterprises), sovereign wealth fund, state -owned financial investment operation institutions, and state -owned financial investment operations, and state -owned financial investment operations at home and abroad Other enterprises or institutions that carry out financial business such as financial infrastructure. Other financial companies can refer to execution.

The People's Bank of China, the CBRC, and the Securities Regulatory Commission please send this notice to enterprises or institutions to carry out financial business such as financial infrastructure such as financial infrastructure.

The provinces, autonomous regions, municipalities, and planned municipalities (bureaus) and Xinjiang Production and Construction Corps Finance Bureau shall send this notice to state -owned financial enterprises within their jurisdiction.

(14) Implementation time. This notice will be implemented from the date of issuance.

Department of Finance

July 20, 2022

(Source: Department of Finance of the Ministry of Finance)

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