Guo Shuqing Resolutely Harness Financial Chaos And Improve Financial Services Regulation

It is necessary for private capital to enter the financial market for the development of the real economy. However, we must not run a private bank into a minority or a few capital controlled banks, and turn it into a "cash machine".

The regulatory authorities have been actively promoting the pilot project, and there has not been an expansion of the pilot project, and a bank has a real capital landing.

Guo Shuqing said, some cross financial products cross the market, nesting, the underlying assets can not see the bottom, and ultimately no one knows.

The emergence of this phenomenon is largely due to the lack of regulatory system. In the light of the new changes, new phenomena and new features of banking business and risks, we should sort out all kinds of business supervision rules in the banking industry in accordance with international regulatory standards, fill gaps in laws and regulations as soon as possible, update regulatory regulations that have lagged behind business and risk development, and abolish inappropriate regulatory rules and regulations.

He stressed that we must resolutely manage all kinds of financial chaos and put the prevention and control of financial risks in a more prominent position.

The CBRC will actively participate in and fully cooperate with the supervision and coordination mechanism, deepen the information sharing and coordination with the "one line two sessions", the foreign exchange bureau and other ministries and departments, and improve and perfect the systematic risk monitoring, early warning and prevention and control mechanism.

We should make up for the short regulatory board in time, check the loopholes in the regulatory system, and improve the regulatory rules.

We should further carry out special measures to deal with illegal and illegal activities. We should focus on regulating the illegal pfer of related pactions, the pmission of interest in making innovations, the concealment of major business management information, the illegal behavior of acting on behalf of bank shares, etc., so as to give full play to the deterrent effect of regulatory penalties and promote the steady development of the banking industry.

With the development of financial mixed industry, commercial banks also have potential risks while diversifying their development.

When it comes to regulation of information management industry, Guo Shuqing said that banks, insurance, securities, trusts, funds and other financial institutions are developing information management business.

Because of different regulatory bodies and different laws and regulations, there has been some confusion. Some of the funds have gone from real to virtual. We are studying a common regulatory approach.

First of all, we must meet this standard.

On this basis, institutions and industries can ask for higher levels, thereby enhancing pparency of information management products and removing "shadow" from "shadow banks".

Cao Yu, vice chairman of the China Banking Regulatory Commission, said that the information management business in the banking field mainly refers to the financial management business.

By the end of last year, the book balance of commercial banks' financial management business was nearly 30 trillion yuan, which has created 977 billion 300 million yuan for customers last year.

The CBRC will further improve the regulation and construction of banking financial services. First, guide financial products to invest more in standardized financial assets. Two, it is required that financial products should correspond to investment assets, separate management, separate accounts and separate accounting; three, strictly control term mismatch and bar investment, and shall not carry out the pool management business of rolling sale, mixed operation, time mismatch and separate pricing; four, strictly control nested investment, strengthen the supervision and management of bank financing and docking investment management, strengthen the management of penetration, and shorten the financing chain.

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Wang Zhaoxing, vice chairman of the Banking Regulatory Commission (CBRC), said that the CBRC did not firmly oppose and prevent diversification of banks, but instead focused more on its risks.

One is to promote bank credit funds to enter the real economy through credit and other means, to support the development of the real economy; the two is to ensure that risks are controllable and pparent; three, in accordance with the risk situation, timely provision is made to consolidate capital and resist possible risks.

When it comes to Internet financial risks, Cao Yu said that under the unified arrangement of the State Council, the CBRC is carrying out the special rectification work of net loan risks, and has achieved initial results. The industry base has been initially identified, the trend of institutional alienation has been reversed, and the overall level of P2P lending industry risk is declining.

Next step,

We will further improve the regulatory system and guide the healthy and sustainable development of the industry in line with the requirements of adhering to the bottom line of risk.

Yang Jiacai, assistant chairman of the China Banking Regulatory Commission, said that the regulations on the disposal of illegal fund-raising are in the process of revision, which will play a great role in promoting illegal fund-raising.

As an important measure of financial support to capacity and leverage, the current round of marketization of debt to equity swap has attracted the attention of all parties.

Guo Shuqing disclosed that the marketization of the debt to equity swap amounted to about 430000000000 yuan, and the amount was about 40000000000 yuan.

The CBRC will further strengthen policy support, work guidance and risk monitoring, and promote new achievements in the marketization of debt to equity swap.

Guo Shuqing said that debt to equity swap emphasizes "two changes", one is marketization, one is legalization, no executive order and no administrative negotiation.

There is no administrative index plan for the debt to equity market, which is entirely based on voluntary deliberations of all parties concerned.

For banks to deal with related stock rights in the process of debt to equity swap,

Vice President Wang Zhaoxing said that based on the relevant provisions of the commercial bank law, there are three ways for banks to deal with debt to equity swap: first, pfer and sell the creditor's rights assets to the Asset Management Co.

The two is to encourage banks to make full use of existing subsidiaries with equity investment functions to implement debt to equity swap.

Three, if necessary, it will also approve eligible banks to set up a specialized agency for debt to equity swap.

Now, a number of reports have been submitted to the State Council, and the regulatory authorities will have corresponding regulatory requirements for the capital and scope of business of the newly established institutions.

As for whether the next commercial bank law will be amended, there may be no such plan according to the development of the situation.

Guo Shuqing said that we should actively explore various flexible and effective ways of debt disposal, and unswervingly push ahead with capacity production. The form of the creditor's Rights Committee is a good way.

As of last year, 12836 national debt committees have been set up, involving about 14 trillion and 850 billion yuan in credit.

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