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Tuesday, May 19, 2009

Insurance financial gatherings will set up four direct concurrence of the China Banking Regulatory Commission China Insurance Regulatory Commission

By Professional editor working for automotive parts washer.

From the Securities and Futures Commission, Ministry of Finance, the midpoint bank, China Banking Regulatory Commission and other fiscal regulatory representatives from 11 of China's fiscal reorganise in the fifth high-level forum, 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, first of all the four greatest banks in the pilot; fiscal managers to pay for the risk and peer-to-peer, performance-related. They in addition said that to endorse the erected structure of a multi-level loan market.

China Banking Regulatory Commission:

Insurance companies will set up four pilot

Supervision of a deputy director of the China Banking Regulatory Commission Lai Sau Fu said China Banking Regulatory Commission and China Insurance Regulatory Commission has been the pilot on the banks insurance companies to reach a consensus, the first large-scale in the four pilot 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 executives need to pay for such

Ministry of Finance, deputy director of finance to study Hu said that the Ministry of Finance as an important financial asset management sector, in recent years, mainly the work of the following characteristics: First, from a focus on financial management to focus on changes in state-owned asset management; the second, from the focus state-owned financial assets to the importance of technical management of state-owned financial asset management of all aspects of managing change; Third, from a single system of state-owned assets to the development of state-owned financial asset management system to establish the basic framework; the fourth, the Ministry of Finance to fulfill both state-owned assets management functions, but also to some extent to fulfill the functions of the investor to exercise the rights of shareholders.

Hu discover that, to reinforce the economic administration of state assets should be apparently characterised objectives, the macro grade to defend the economic security and steadiness, micro enterprises to investment their own conclusions, to accomplish and boost their value. At the identical time, the administration of state-owned economic assets should be clear principles: First, the standard is authorized; Second, support the inducements and constraints on and so on, pay the identical values and risks; third is to advance the business governance principles.

Bank:

Research "lending Ordinance"

People's Bank of China Liu Ping, deputy chief director of the Institute of Finance request to sanction in the household confidential fiscal and non-governmental lending sun, and society of China's advances retailers, erected structure multi-level loan markets.

"China's monopoly of the borrowing market by banks in foreign nations, the major types of lending were unlimited, there are natural individuals, businesses, enterprises, associations, can be in diverse forms." She said that the present "credit Ordinance" submitted up after State Council Legislative Affairs Office has been encompassed in this year's study design is anticipated to standardize the pattern of nationwide legislation taken up by non-governmental lending, to shatter the monopoly, in order that a assembly of suitable persons listed to loan borrowings to address the topic of SME financing.

She furthermore said that the centered bank will extend to pathway real-time supervising and dynamic municipal humanity and alterations in lending to chink down on loan-sharking and illicit fund-raising, at the identical time, and the public will have a affirmative flow and promotion, in order that they can completely realise the non-governmental loans. - 18423

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