The China Banking Regulatory Commission introduced the internal control management measures of wealth management companies

Xinhua News Agency, Beijing, August 25 (Reporter Li Yanxia) In order to promote the wealth management company to operate and continue to operate in accordance with laws and regulations, the China Banking Regulatory Commission issued the "Administrative Measures for the Internal Control of Financial Company" on the 25th, requiring wealth management companies to establish comprehensive, balanced, matching and matching Careful internal control management mechanism and organizational structure.

Measures require financial companies to formulate comprehensive, systematic and standardized internal control systems for various business activities and management activities, and conduct a comprehensive evaluation at least once a year. Wealth management companies are required to establish a product -deposit duration management system, continue to track changes in each product risk monitoring indicator, carry out pressure testing and take effective measures in time.

Measures require strengthening the management of wealth management business accounts, improved investment decision -making hierarchical authorization mechanisms, improved the entire process management system of transaction, implemented comprehensive management of key personnel in important positions, strengthened related transaction management and risk isolation, protect investors' legitimate rights and interests, give full play to the internal control function departments Internal supervision of the internal trial department.

According to the measures, wealth management companies should set up chief compliance officers to review, supervise and inspect internal control construction and implementation, and report directly to the board of directors and regulatory authorities. Establish a system of personnel information registration and publicity, and clarify the list of investors and trading personnel. Public information on the official website of wealth management companies or China Financial Network and other industries to publicize information, related transaction information, and custody agency information.

Data show that a total of 30 wealth management companies have been approved for construction, of which 28 are approved. As of the end of June this year, the total balance of wealth management products of banks and wealth management companies was 29.1 trillion yuan. Among them, the balance of wealth management companies was 1.91 trillion yuan.

According to the China Banking Regulatory Commission, the issuance of implementation methods is conducive to promoting the unity of the supervision standards of similar asset management business, enhancing the concept and compliance awareness of the rule of law company, and promoting the establishment of an internal control compliance management system that is compatible with its own business scale, characteristics and risks, and promote financial management The industry has formed a good ecology.

[Editor in charge: Zhan Jing]

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