A Number Of Policies And Regulations Will Be Issued For Financial Supervision.

"Economic reference daily" issued in November 27 issue entitled "financial regulatory efforts to make up the short board, a number of policies and regulations will be issued" report. The article said that a number of financial supervision and Compensation Board policy will gradually fall. "Economic reference daily" reporter learned that many departments are planning a package of intensive measures, overweight key areas of financial risk prevention, and comprehensively clean up and rectify financial order. The new deal involves small and medium banks, Internet finance, digital finance and other fields. Relevant documents on risk disposal of high-risk financial institutions will be formulated, and a list system should be implemented for high-risk institutions. In view of the emerging hot spots of digital finance, many financial industry standards such as block chain, artificial intelligence and big data are being studied and formulated. In addition, the long-term mechanism of Internet financial supervision is also in the process of brewing.

Insiders said that accurate and effective disposal of key areas of risk is still the focus of financial regulation in the future. At the same time, relevant departments should speed up the coordination mechanism of financial supervision and give full play to the corresponding roles and responsibilities of various regulatory parties.

To guard against and tackle major financial risks is the top priority of the current financial work. Over a period of time, with the steady progress of various tasks, financial risks have changed from divergence to convergence.

Xiao Yuanqi, chief risk officer of the China Banking Regulatory Commission, said recently that the overall operation of the bancassurance industry is sound and controllable. With the promotion of chaos control work, the rapid expansion of banking institutions' assets and the stubborn disease of inflated scale have been significantly curbed. In the past two and a half years, the growth of banking assets has decreased from about 15% to about 8%. The size of the shadow banking has shrunk dramatically, and over the past two years, it has compressed about 14 trillion and 500 billion yuan of high risk assets in cross finance.

Risks in the Internet financial sector are also accelerating. According to Li Junfeng, director of the finance and Banking Department of the China Banking Regulatory Commission, the special rectification of Internet banking has undergone a fundamental transformation this year, and the stock risk has been well disposed of. At the end of 10, 427 online operators nationwide were 60% lower than the end of last year. All of the operators are now in the monitoring of supervision, and most of them are opting out of business.

However, although the overall situation of financial risks is stable, some localized financial risks still exist. The latest report on China's financial stability (2019) released by the central bank shows that financial risks are showing some new characteristics and evolving trends. The incremental risks of key institutions and all kinds of illegal financial activities are effectively controlled, but the stock risk is still outstanding. The risks of individual financial holding groups and rural financial institutions may be exposed. Internet finance, especially the risk of Internet lending, still needs attention. The situation of illegal fund-raising is still complex.

Pan Helin, executive dean of the digital Economic Research Institute of Zhongnan University of Economics and Law, said in an interview with the economic reference daily that at present, the P2P Internet loan and other Internet financial areas, as well as some regional financing platforms and private lending, are the short points of current financial supervision and the risk points that need to be focused.