FTA First Try The Shanghai Banking Regulatory Bureau To Promote The Construction Of Huarui Bank

In September 29th, at the time when China's (Shanghai) free trade pilot area was set up 1st anniversary, Shanghai Jun Yao (Group) Co., Ltd. (hereinafter referred to as "Jun Yao group") has been officially approved by the China Banking Regulatory Commission. It is the first private bank sponsor in Shanghai, together with the Metersbonwe Metersbonwe 002269.SZ (hereinafter referred to as "Metersbonwe"). It is permitted to carry out the related preparatory work of Shanghai Huarui bank Limited by Share Ltd (hereinafter referred to as "Huarui bank").

The Huarui bank, which has been approved to be established, will be registered in the free trade pilot area of China (Shanghai). The two main sponsors, Jun Yao group and Mei Bang dress, hold 30% and 15% stake respectively. After obtaining the approval, the relevant preparatory work of Hua Rui bank will be carried out in an orderly manner under the supervision and guidance of the Shanghai banking regulatory bureau. According to the contents of the approval, the preparatory work shall be completed within 6 months from the date of approval, and the application for opening shall be submitted to the Shanghai Banking Regulatory Bureau in accordance with the relevant provisions and procedures.

The chief executive of the Huarui bank said that it would give full play to the advantages of the private sector in accordance with the requirements of the regulatory authorities and under the premise of controllable risks, explore innovative models for financial reform, give full play to the characteristics of the Shanghai free trade area, and form a exclusive trade area covering "settlement, investment, financing and trading". financial products And the service system has become a window for a pilot; financing for SMEs is difficult. financing Explore the solution mode, better serve the real economy, create differentiated smart banks for customers, form a healthy and win-win ecosystem, and provide efficient, intelligent, value-added services and experience.

Wang Junjin, chairman of the Jun Yao group, one of the main sponsors, said: "when the Shanghai free trade zone was set up 1st anniversary, we are very honored to undertake such an important pilot task to build the first private bank in the free trade zone, which has also won the financial dream of the Jun Yao group. In the face of historical responsibilities and challenges, we will cherish the opportunities, actively explore, learn and innovate and give full play to our advantages under the guidance of the Shanghai Municipal Committee and the municipal government.

At the same time, we will also control risks and actively practice in accordance with the goal of creating a centennial bank, exploring the innovation of financial operation mechanism and financial products, stimulating market vitality and creating the market competitiveness of private banks. Thank all leaders for their concern, support and assistance from all sectors of society. "

According to the introduction, as the first batch of pilot projects Private bank Huarui bank has a historical responsibility. On the request of the party in the third Plenary Session of the 18th CPC Central Committee to deepen the reform of the financial system and speed up the development of private financial institutions, it was initiated in accordance with the relevant policies and regulations promulgated by the State Council and the China Banking Regulatory Commission (CBRC) in the free trade pilot area of China (Shanghai).

The establishment of the first batch of private banks marks the entry of private capital into the financial system, forming a competitive market environment with multiple property rights coexistence. It is conducive to improving China's multi-level financial system and further improving the efficiency of financial market operation. This time, the approval of private banks will involve the overall situation of China's financial reform, and bear the historical mission and responsibility.