亿电竞

finance service
CBRC: promoting the亿电竞 development of local asset management companies to monopolize the亿电竞 acquisition and disposal of non-performing assets
Time: 2019/7/15 15:27:35

Source: Financial Times - China亿电竞平台 Financial News Network Author: reporter Zhang Mo Dong Release date: July 15, 2019 07:28

The亿电竞平台 notice on strengthe亿电竞ning the亿电竞 supervision and management of local asset management companies (hereinafter referred to as the亿电竞 notice) issued by the亿电竞 China亿电竞平台 Banking and Insurance Regulatory Commission (CIRC) requires that in order to give full play to the亿电竞 positive role of local asset management companies in revitalizing local non-performing assets, preventing and resolving regional financial risks, and serving the亿电竞 real economy, local governments and relevant departments are encouraged to study and issue taxes, asset disposal, and asset management Support policies on credit support, industrial development, justice and talent introduction support the亿电竞 healthy development of local asset management companies. At the亿电竞 same time, it emphasizes that local companies should not cover up false asset management statements.

According to the亿电竞 circular, in order to rectify the亿电竞 market order of non-performing assets and prevent the亿电竞 blind establishment of local asset management companies, the亿电竞 local financial supervision departments of the亿电竞 people's governments of all provinces (districts and cities) should proceed from the亿电竞 reality, strictly standard, standardize the亿电竞 process, control the亿电竞 market entry and market export, and promote the亿电竞 healthy development of local asset management companies.

According to the亿电竞 notice, the亿电竞 non-performing assets acquired and disposed by local asset management companies should meet the亿电竞 conditions of authe亿电竞nticity and effectiveness, and fair market pricing should be conducted through evaluation or valuation procedures to realize the亿电竞 true and complete transfer of assets and risks. It is not allowed to sign or reach any agreement or agreement with the亿电竞 transferor to change the亿电竞 transaction structure, risk bearers and related equity transfer process that affect the亿电竞 true and complete transfer of assets and risks, set up any explicit or implicit repurchase terms, help financial enterprises to make false statements to cover up non-performing assets in any form, and shall not purchase non-performing assets by purchasing non-performing assets It is not allowed to purchase creditor's rights assets without actual corresponding assets and real transaction background, transfer illegal interests to shareholders or related parties, and clear up by violence or othe亿电竞r illegal means.

Local asset management companies shall not purchase assets listed in the亿电竞 national enterprise policy closure bankruptcy plan approved by the亿电竞 State Council, assets involving national security and sensitive information such as defense and military industry, assets with transfer restrictions in loan contracts or guarantee contracts, and othe亿电竞r assets restricted by state laws and regulations.

The亿电竞平台 circular emphasizes that the亿电竞 local financial supervision departments of the亿电竞 people's governments of all provinces (regions and cities) should correctly guide local asset management companies to return to the亿电竞ir original sources, focus on the亿电竞ir main business, and turn from the亿电竞 virtual to the亿电竞 real, promote the亿电竞 development of local asset management companies to monopolize the亿电竞 acquisition and disposal of non-performing assets, support local asset management companies to explore and expand the亿电竞ir main business model, and actively participate in local non bank financial institutions and non deposit The亿电竞平台 acquisition and disposal of non-performing assets of loan lending organizations and othe亿电竞r institutions can help local governments effectively prevent and control regional financial risks, serve the亿电竞 local real economy, and better support the亿电竞 structural reform of the亿电竞 financial supply side.

 
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