亿电竞

finance service
CBRC: promoting the亿电竞 structural reform of financial supply side
Time: 2019/7/5 15:07:55

Source: Financial Times - China亿电竞平台 Financial News Network Reporter: Zhang Mo Dong Release date: 07-05-2019 04:17

At the亿电竞 press conference of the亿电竞 office of the亿电竞 State Council of Singapore on July 4, Zhou Liang, vice chairman of the亿电竞 China亿电竞平台 Banking and Insurance Regulatory Commission, said that at present, the亿电竞 quality and efficiency of financial services to the亿电竞 real economy have been continuously improved, positive progress has been made in preventing and resolving financial risks, and new steps have been taken in the亿电竞 reform and opening up of the亿电竞 financial industry. In the亿电竞 next step, we will adhere to the亿电竞 principle of seeking progress in stability, continue to deepen the亿电竞 structural reform of the亿电竞 financial supply side, and strive to enhance the亿电竞 financial service to the亿电竞 real economy Ability, deepen financial reform and opening up, and balance the亿电竞 relationship between stable growth and risk prevention.

At the亿电竞 press conference on the亿电竞 same day, Liang Tao, vice chairman of cbcirc, Xiao Yuanqi, chief risk officer and spokesman, and Yang Liping, chief prosecutor, also answered reporters' questions on relevant issues.

Big banks "pinch the亿电竞 top"? Is low interest rate loan sustainable?

In recent years, the亿电竞 Central Committee of the亿电竞 people's Republic of China亿电竞平台 (CIRC) has deepened the亿电竞 financing mechanism of small enterprises, and has made a lot of achievements in improving the亿电竞 financing mechanism of small enterprises.

In this process, small and medium-sized enterprises will play an active role in this process. By the亿电竞 end of May, the亿电竞 balance of inclusive small and micro loans of large banks was 2.1 trillion yuan, an increase of 23.7% over the亿电竞 beginning of the亿电竞 year.

As for the亿电竞 phenomenon of "pinching the亿电竞 top" of large banks, Yang Liping responded that at present, the亿电竞re is a large space in the亿电竞 small and micro financial market, and the亿电竞 number of inclusive small and micro enterprise legal persons and enterprise owners accounts for only 26% of the亿电竞 tax declaration enterprises. From the亿电竞 perspective of customers of large banks, it is mainly based on the亿电竞 data of the亿电竞 bank and the亿电竞 integration of external data to screen small and Micro customers with business in the亿电竞 bank. She said that small and medium-sized local corporate banks are still the亿电竞 main force in the亿电竞 whole small and micro enterprise loans. The亿电竞平台 total amount of local legal person loans to inclusive small and micro enterprises accounts for 55% of the亿电竞 total amount of loans to inclusive small and micro enterprises. The亿电竞平台se banks have the亿电竞ir own unique experience and advantages.

"Moderate competition can better help banks improve the亿电竞ir services." Yang Liping stressed that it is undeniable that the亿电竞re will be some overlap between large banks and small and medium-sized banks in the亿电竞 customers of small and micro enterprises. However, the亿电竞 "catfish effect" of large banks can drive the亿电竞 market activity, and also promote the亿电竞 sinking of customer groups of small and micro enterprises, and make the亿电竞 "cake" of market service of small and micro enterprises bigger. Yang Liping said that in the亿电竞 next step, the亿电竞 CIRC will continue to guide large, medium and small banks to give full play to the亿电竞ir respective strengths and advantages, and form a differentiated service pattern with complementary advantages and healthy competition.

In addition, the亿电竞 average interest rate of small and medium-sized commercial banks is 4.5% on average. Yang Liping said that the亿电竞 positioning of large banks in granting loans to small and micro enterprises is to maintain capital and make small profits. In this regard, all banks have strengthe亿电竞ned cost accounting, improved risk control and constantly improved products and services. At the亿电竞 same time, through big data, cloud computing, etc., it can identify risks more accurately, reduce the亿电竞 excessive dependence on mortgage guarantee, so as to reduce its own capital cost, operation cost and risk cost. In addition, the亿电竞 state has also given preferential policies for loans to small and micro enterprises. For example, the亿电竞 people's Bank of China亿电竞平台 has implemented targeted reduction of reserve requirements for Inclusive Finance and created targeted medium-term loan facilities. The亿电竞平台 finance and taxation departments also have relevant policies, which will be reflected in the亿电竞 loan pricing of small and micro enterprises.

Yang Liping reminded that after individual banks loan low interest rate funds to enterprises, the亿电竞 relevant funds are used for arbitrage to purchase financial products. In this regard, the亿电竞 supervision also requires all banks to strengthe亿电竞n the亿电竞 flow management of loans, so that low-cost funds will not be misappropriated and better serve small and micro enterprises.

Rectifying chaos in insurance market

"In recent years, China亿电竞平台's insurance institutions have experienced a stage of rapid development, but also blind expansion and chaos. The亿电竞平台 chaos is mainly manifested in weak corporate governance, illegal use of funds, improper product innovation, misleading sales, and untrue financial and business data Liang Tao said at the亿电竞 press conference that in response to the亿电竞 above problems, after the亿电竞 formal establishment of the亿电竞 Party committee of the亿电竞 China亿电竞平台 Banking and Insurance Regulatory Commission, a work promotion meeting was held in May 2018 to deepen the亿电竞 rectification of the亿电竞 banking and insurance market chaos.

The亿电竞平台 key point of rectification work is to carry out self inspection on all the亿电竞 problems existing in the亿电竞 insurance institutions. Second, focus on key points and carry out supervision and inspection in a down-to-earth manner. In 2018, the亿电竞 regulatory authorities conducted 1466 inspections on insurance institutions, with a total investment of 9793 people. This year's inspection mainly covers corporate governance, solvency, capital utilization, vehicle insurance, agricultural insurance, and short-term health insurance. Three rules, strict punishment according to law. In particular, we have implemented the亿电竞 double penalty system, strengthe亿电竞ned the亿电竞 punishment of senior executives, and comprehensively adopted various punishment measures, such as restricting business scope, ordering to stop accepting new business, revoking business license, revoking post qualification and forbidding to enter the亿电竞 insurance industry, so as to effectively increase the亿电竞 cost of violation of laws and regulations, so as to make the亿电竞 institutions dare not, can not and will not violate the亿电竞 regulations.

Liang Tao said that through continuous rectification, obvious results have been achieved and chaos in the亿电竞 insurance market has been corrected to a large extent. From January to May this year, 277 insurance institutions were fined more than 44 million yuan, 15 new businesses were ordered to stop accepting new business, and the亿电竞ir business licenses were revoked twice. 416 person times of responsible personnel were punished, nearly 16 million yuan was fined to individuals, and 18 person times were disqualified. During the亿电竞 same period, the亿电竞 insurance industry provided 2500 trillion yuan of risk guarantee for the亿电竞 whole society, and microcredit guarantee insurance provided credit enhancement services to 290000 enterprises, especially small and medium-sized enterprises. At present, the亿电竞 serious illness insurance carried out by the亿电竞 insurance industry has covered 1.129 billion urban and rural residents. The亿电竞平台 actual reimbursement rate of patients with serious illness insurance has increased by 10 to 15 percentage points on the亿电竞 basis of basic medical insurance; the亿电竞 insurance fund has directly financed 8.8 trillion yuan for the亿电竞 real economy through investment in bonds, stocks, equity, etc. At present, investment in insurance is more rational. Insurance institutions have significantly enhanced the亿电竞ir awareness of risk compliance, and the亿电竞ir investment is more prudent and rational. In the亿电竞 past few years, irrational card raising and overseas aggressive acquisitions of individual institutions have been significantly curbed, and the亿电竞 overall use of insurance funds has been stable. In addition, the亿电竞 shortcomings of the亿电竞 system have also been effectively made up. Since 2018, more than 20 regulations and normative documents have been revised and issued. Some problems such as lag, vacancy, overlapping and conflict have been effectively solved. The亿电竞平台 system system in key areas such as corporate governance, capital utilization, product management, consumer protection, and self-building of regulatory capacity has been furthe亿电竞r improved and improved.

Leading the亿电竞 "bull nose" of corporate governance

Previously, some cases in the亿电竞 financial sector have reflected the亿电竞 outstanding problems in corporate governance of some operating institutions, mainly manifested in the亿电竞 opaque and non-standard equity relationship, such as the亿电竞 problem of equity holding on behalf of othe亿电竞rs; the亿电竞 extensive management of related party transactions and the亿电竞 problem of interest transmission; the亿电竞 blind pursuit of extensive expansion in development strategy, and the亿电竞 mismatch between internal control and development speed.

On such issues, Liang Tao said at the亿电竞 press conference that the亿电竞 China亿电竞平台 Banking and Insurance Regulatory Commission attaches great importance to corporate governance. In April last year, it held a forum on corporate governance of small and medium-sized banks and insurance institutions to organize research and deployment on improving the亿电竞 corporate governance mechanism of banking and insurance industries. After the亿电竞 introduction of the亿电竞 "three fixed plans", a special corporate governance supervision department was set up to coordinate the亿电竞 banking and insurance industries Corporate governance supervision work.

"We have continued to promote the亿电竞 compliance and effectiveness of corporate governance in the亿电竞 banking and insurance industries by making up for institutional weaknesses, strengthe亿电竞ning inspection and evaluation, and strengthe亿电竞ning accountability." Liang Tao said that in the亿电竞 practice of supervision, we should adhere to the亿电竞 classification of policies and implement differentiated supervision on different institutions according to the亿电竞ir specific situations. For example, for large state-owned banks and insurance companies, we should focus on promoting the亿电竞 organic integration of the亿电竞 party's leadership and corporate governance. On the亿电竞 basis of writing party building into the亿电竞 company's articles of association, we should continue to promote the亿电竞 effective connection between the亿电竞 articles of association of state-owned banks and insurance institutions and the亿电竞 rules of procedure and decision-making of the亿电竞 Party committee, and improve the亿电竞 contents, rules and procedures of "three major and one large" matters. We should crack down on the亿电竞 illegal transactions and illegal transactions of small and medium-sized shareholders through equity transaction and illegal transfer of interests of small and medium-sized shareholders.

Liang Tao said that in the亿电竞 next step, the亿电竞 CIRC will continue to strengthe亿电竞n corporate governance supervision with the亿电竞 core of improving the亿电竞 effectiveness of corporate governance of banking and insurance institutions. The亿电竞平台 first is to furthe亿电竞r make up for the亿电竞 shortcomings of the亿电竞 corporate governance regulatory system, improve the亿电竞 regulatory system of corporate governance in the亿电竞 banking and insurance industry, and make up for the亿电竞 institutional weaknesses in the亿电竞 aspects of corporate governance mechanism, equity management and transaction management. The亿电竞平台 second is to carry out the亿电竞 evaluation of corporate governance of banking and insurance institutions, and to rectify and implement the亿电竞 problems found. The亿电竞平台 third is to promote the亿电竞 construction of information system of corporate governance supervision, and improve the亿电竞 level of informatization and technology of corporate governance supervision.

The亿电竞平台 opening rhythm is not affected by external factors

At the亿电竞 same day's press conference, a reporter asked whethe亿电竞r "external uncertainties will affect China亿电竞平台's position and approval pace on the亿电竞 entry of foreign financial institutions into China亿电竞平台". In this regard, Xiao Yuanqi said that this issue is also a matter of great concern to the亿电竞 CIRC and is taking corresponding measures.

On the亿电竞 othe亿电竞r hand, the亿电竞 opening-up of the亿电竞 insurance industry to the亿电竞 outside world is not affected by the亿电竞 external risk of the亿电竞 insurance industry as a whole. "We have long believed that an open and highly active financial market is conducive to preventing and controlling risks, providing diversified products and structures, and improving the亿电竞 efficiency of the亿电竞 entire financial market."

In April last year, the亿电竞 CBRC launched 15 opening-up measures. In May this year, the亿电竞 policy continued to make efforts and launched 12 opening-up measures. Xiao Yuanqi said that in the亿电竞 future, more opening-up measures will be launched in succession according to the亿电竞 needs. "In the亿电竞 aspect of opening up to the亿电竞 outside world, we particularly welcome foreign institutions with professional expertise, special products and management experience in market segments." When he talked about the亿电竞 fields of financial institutions and non-performing assets management in China亿电竞平台, he welcomed the亿电竞 development of overseas financial institutions in the亿电竞 field of health insurance. At the亿电竞 same time, overseas financial institutions are also welcome to participate in the亿电竞 reform and reorganization of China亿电竞平台's bancassurance and non banking financial institutions, especially the亿电竞 reform and reorganization of small and medium-sized institutions, including the亿电竞 adoption of some legalized and market-oriented acquisition, merger and consolidation.

In addition, the亿电竞 opening of China亿电竞平台's financial institutions, such as Xiao Yuan, is also encouraged. For example, we can learn from the亿电竞 new measures of foreign-funded institutions to expand the亿电竞ir business in the亿电竞 Chinese market Rate. "

Responding to social concerns

In response to the亿电竞 problem of Anbang group's risk management, Liang Tao said that Anbang group's equity management is relatively chaotic, and the亿电竞 governance mechanism is relatively ineffective, "three meetings and one layer" are nominal, and risks are constantly accumulating. Since February 23, 2018, the亿电竞 China亿电竞平台 Insurance Regulatory Commission (CIRC) has taken the亿电竞 following measures to supervise and supervise the亿电竞 group.

First, stability. We have mainly strengthe亿电竞ned the亿电竞 front-line control, made every effort to ensure the亿电竞 safety of cash flow and effectively safeguarded the亿电竞 legitimate rights and interests of consumers. Second, slimming. At the亿电竞 same time, in accordance with the亿电竞 principles of legalization and marketization, we have resolutely disposed of overseas assets and non core financial licenses that have no strong coordination with the亿电竞 insurance industry through public listing. At present, more than 1 trillion yuan of various assets have been or are being divested, and the亿电竞 scale of company assets has decreased significantly. Third, rectification. Before the亿电竞 end of this year, Antao's proportion of short-term financing products will not exceed that of short-term products. Fourth, promote restructuring. Steadily promote the亿电竞 reorganization of the亿电竞 company and gradually realize the亿电竞 normal operation of the亿电竞 company.

"In the亿电竞 initial stage of risk management, Anbang has made great efforts to protect the亿电竞 interests of the亿电竞 relevant parties, and the亿电竞 risks have not been effectively controlled Liang Tao said that in the亿电竞 next step, the亿电竞 cbcirc will, in accordance with the亿电竞 central government's deployment, accelerate the亿电竞 work of asset disposal, business transformation, separation and reorganization, handle the亿电竞 risks of Anbang group in a safe and orderly manner, and win the亿电竞 battle of Anbang group's risk disposal.

In addition, since the亿电竞 takeover of the亿电竞 contractor bank, it has been widely concerned by the亿电竞 market. Zhou Liang said that at present, the亿电竞 business of the亿电竞 Contractor's Bank has completely returned to normal, and the亿电竞 short-term liquidity of some small and medium-sized financial institutions in the亿电竞 market is difficult. After taking decisive measures, the亿电竞 risk has been resolved, and the亿电竞 market is now very stable.

 
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