Insurance businesses will set up four navigate agreement of the China Banking Regulatory Commission China Insurance Regulatory Commission
From the Securities and Futures Commission, Ministry of Finance, the central bank, China Banking Regulatory Commission and other financial regulatory officials from 11 of China's financial reform in the fifth high-level forum, said China Banking Regulatory Commission and China Insurance Regulatory Commission has been the pilot on the banks insurance companies to reach a consensus, first of all the four major banks in the pilot; financial executives to pay for the risk and peer-to-peer, performance-related. They also said that to promote the building of a multi-level credit market.
China Banking Regulatory Commission:
Insurance companies will set up four pilot
Supervision of a deputy chief director of the China Banking Regulatory Commission Lai Sau Fu said China Banking Regulatory Commission and China Insurance Regulatory Commission has been the direct on the banks indemnity financial gatherings to arrive at a concurrence, the first large-scale in the four direct banks.
"There are four regulatory authorities can not be tolerated: loans" Richard III "strictly caused by the increase in non-performing assets, more than large concentration of credit risk limits, loans arising in the course of the risk of moral hazard, unscientific to product design, sales process information opaque, have a reputation risk for banks, a very bad social impact. "He said that the prominent support of economic development, we need to stick to the bottom line risk, stable asset quality, various types of risk in the prevention of foot effort from top to bottom, especially the prevention of new credit risk, the risk of acquisition of loans, balance-sheet business risk, silver letter cooperation risk, the risk of banks and other cases.
Ministry of Finance:
Finance and risk bosses need to pay for such
Ministry of Finance, deputy chief director of money to study Hu said that the Ministry of Finance as an valued fiscal asset organisation subdivision, in fresh years, chiefly the work of the following characteristics: First, from a purpose on fiscal organisation to purpose on modifications in state-owned asset management; the second, from the purpose state-owned fiscal assets to the value of practical organisation of state-owned fiscal asset organisation of all characteristics of supervising change; Third, from a solitary procedure of state-owned assets to the development of state-owned fiscal asset organisation procedure to initiate the minimal framework; the fourth, the Ministry of Finance to fulfill both state-owned assets organisation roles, but in addition to some bounds to fulfill the roles of the shareholder to physical exercise the privileges of shareholders.
Hu learn that, to strengthen the financial management of state assets should be clearly defined objectives, the macro level to protect the financial security and stability, micro enterprises to finance their own decisions, to achieve and increase their value. At the same time, the management of state-owned financial assets must be clear principles: First, the principle is authorized; Second, uphold the incentives and constraints on and so on, pay the same principles and risks; third is to improve the corporate governance principles.
Bank:
Research "lending Ordinance"
People's Bank of China Liu Ping, deputy controller of the Institute of Finance suggestion to permit household personal economic and non-governmental lending sun, and heritage of China's borrowings retailers, construction multi-level borrowing markets.
"China's monopoly of the credit market by banks in foreign countries, the main forms of lending were unlimited, there are natural persons, companies, enterprises, associations, can be in various forms." She said that the current "credit Ordinance" submitted up after State Council Legislative Affairs Office has been included in this year's research plan is expected to standardize the form of national legislation adopted by non-governmental lending, to break the monopoly, so that a group of eligible people registered to lend loans to address the issue of SME financing.
She also said that the central bank will continue to track real-time monitoring and dynamic civil society and changes in lending to crack down on loan-sharking and illegal fund-raising, at the same time, and the public will have a positive flow and publicity, so that they can fully understand the non-governmental loans. - 21392
China Banking Regulatory Commission:
Insurance companies will set up four pilot
Supervision of a deputy chief director of the China Banking Regulatory Commission Lai Sau Fu said China Banking Regulatory Commission and China Insurance Regulatory Commission has been the direct on the banks indemnity financial gatherings to arrive at a concurrence, the first large-scale in the four direct banks.
"There are four regulatory authorities can not be tolerated: loans" Richard III "strictly caused by the increase in non-performing assets, more than large concentration of credit risk limits, loans arising in the course of the risk of moral hazard, unscientific to product design, sales process information opaque, have a reputation risk for banks, a very bad social impact. "He said that the prominent support of economic development, we need to stick to the bottom line risk, stable asset quality, various types of risk in the prevention of foot effort from top to bottom, especially the prevention of new credit risk, the risk of acquisition of loans, balance-sheet business risk, silver letter cooperation risk, the risk of banks and other cases.
Ministry of Finance:
Finance and risk bosses need to pay for such
Ministry of Finance, deputy chief director of money to study Hu said that the Ministry of Finance as an valued fiscal asset organisation subdivision, in fresh years, chiefly the work of the following characteristics: First, from a purpose on fiscal organisation to purpose on modifications in state-owned asset management; the second, from the purpose state-owned fiscal assets to the value of practical organisation of state-owned fiscal asset organisation of all characteristics of supervising change; Third, from a solitary procedure of state-owned assets to the development of state-owned fiscal asset organisation procedure to initiate the minimal framework; the fourth, the Ministry of Finance to fulfill both state-owned assets organisation roles, but in addition to some bounds to fulfill the roles of the shareholder to physical exercise the privileges of shareholders.
Hu learn that, to strengthen the financial management of state assets should be clearly defined objectives, the macro level to protect the financial security and stability, micro enterprises to finance their own decisions, to achieve and increase their value. At the same time, the management of state-owned financial assets must be clear principles: First, the principle is authorized; Second, uphold the incentives and constraints on and so on, pay the same principles and risks; third is to improve the corporate governance principles.
Bank:
Research "lending Ordinance"
People's Bank of China Liu Ping, deputy controller of the Institute of Finance suggestion to permit household personal economic and non-governmental lending sun, and heritage of China's borrowings retailers, construction multi-level borrowing markets.
"China's monopoly of the credit market by banks in foreign countries, the main forms of lending were unlimited, there are natural persons, companies, enterprises, associations, can be in various forms." She said that the current "credit Ordinance" submitted up after State Council Legislative Affairs Office has been included in this year's research plan is expected to standardize the form of national legislation adopted by non-governmental lending, to break the monopoly, so that a group of eligible people registered to lend loans to address the issue of SME financing.
She also said that the central bank will continue to track real-time monitoring and dynamic civil society and changes in lending to crack down on loan-sharking and illegal fund-raising, at the same time, and the public will have a positive flow and publicity, so that they can fully understand the non-governmental loans. - 21392
posted by X - Men @ 1:00 AM
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