--- SEARCH ---
WEATHER
CHINA
INTERNATIONAL
BUSINESS
CULTURE
GOVERNMENT
SCI-TECH
ENVIRONMENT
LIFE
PEOPLE
TRAVEL
WEEKLY REVIEW
Learning Chinese
Learn to Cook Chinese Dishes
Exchange Rates


Hot Links
China Development Gateway
Chinese Embassies


CBRC Chief on Goals of Good Regulation
Chairman of China Banking Regulatory Commission (CBRC) Liu Mingkang Thursday outlined the commission?s objectives for regulation and supervision at a press conference in Beijing.

The four objectives are defined as follows: First, to protect the interest of depositors and consumers by way of prudential and effective supervision. Second, to maintain market confidence again by way of prudential and effective supervision. Third, to promote the public understanding of modern finance by way of education. Fourth, to seek to reduce financial crime and maintain financial stability.

In the pursuit of these objectives, Liu stresses that the CBRC should continue to assess its performance against six principles of good regulation. These are: (1) to maintain financial stability and facilitate innovation; (2) to enhance international competitiveness of China?s financial sector; (3) to ensure that regulations are appropriate and reasonable and remove all the unnecessary controls; (4) to encourage fair but eliminate disorderly competition; (5) to subject both the regulator and regulated institutions to a well-defined system of accountability; and (6) to use supervisory resources in a most efficient and economic manner. The CBRC?s mandate is exercised in the interest of the people and for the people.

Following years of painstaking effort, a wealth of experience has been gained in the area of banking regulation and supervision, Liu said. Such experience, according to him, can be summarized as follows:

First, is the emphasis on consolidated supervision for the purposes of better assessing, monitoring and controlling the overall risk of each financial institution.

Second, all the regulatory and supervisory efforts should be risk-based with consistent enhancement of supervisory effectiveness by way of improving supervisory skills and methodologies.

Third, banks should be encouraged to improve their internal controls.

The last is the gradual improvement of regulatory and supervisory transparency.

CBRC will promote regulatory transparency and will issue accordingly all the rules and regulations for public consultation before they are finalized. It is subject to the monitoring by the industry, general public and news media, Liu said.

At the press conference sponsored by the State Council Information Office, the CBRC head also briefed the press on the major responsibilities of CBRC which was officially established on April 29.

He said that CBRC is a government agency under the State Council and is responsible for the regulation and supervision of banks, asset management companies, trust and investment companies as well as other deposit-taking financial institutions. Its major responsibilities include:

  • To formulate supervisory rules and regulations for banking institutions

  • To authorize the establishment, changes, termination, branching and business scope of banking institutions

  • To conduct fit and proper tests for directors and senior managers

  • To conduct off-site surveillance and on-site examinations of banking institutions

  • To investigate, penalize and take enforcement actions on activities that violate relevant laws and regulations

  • To compile and publish statistics and reports of the overall banking sector in accordance with relevant regulations

  • To prepare proposals on the resolution of problem deposit-taking institutions in consultation with relevant authorities

  • To be responsible for the administration of the supervisory boards of the state-owned financial institutions

  • To perform other duties assigned by the State Council

    The CBRC comprises fifteen departments and will set up banking bureaus at the provincial level, banking sub-bureaus at the prefecture level, and efficient resident offices at county level.

    (China.org.cn May 29, 2003)

  • Five Major Tasks for China Banking Regulatory Commission Underway
    Bank Commission Raises Hope for Financing
    New Banking Regulatory Body Launched Officially
    Banking Regulatory Body for China
    Print This Page
    |
    Email This Page
    About Us SiteMap Feedback
    Copyright © China Internet Information Center. All Rights Reserved
    E-mail: webmaster@china.org.cn Tel: 86-10-68326688
    主站蜘蛛池模板: 色噜噜狠狠一区二区三区果冻| 88国产精品视频一区二区三区| 日韩专区第一页| 亚洲国产精品无码久久久| 男女爱爱免费视频| 吃奶呻吟打开双腿做受在线视频 | 日韩欧美国产高清| 亚洲国产美女精品久久| 沦为色老头狂欲的雅婷| 偷炮少妇宾馆半推半就激情| 精品无人区麻豆乱码1区2区| 国产一区在线视频| 韩国理论片中文字幕版电影| 国产成人精品美女在线| 窝窝午夜看片七次郎青草视频| 国内剧果冻传媒在线观看网站| a级黄色片网站| 好男人观看免费视频播放全集| 中文字幕免费高清视频| 日本SM极度另类视频| 久久国产精品波多野结衣AV| 明星ai换脸高清一区| 亚洲AV色香蕉一区二区| 欧美aaaaaaaa| 亚洲一区无码中文字幕| 欧美三级手机在线| 亚洲人成网站18禁止久久影院 | 精品国产一区二区三区色欲| 哦好大好涨拨出来bl| 老司机午夜精品视频播放| 国产一级做a爱片久久毛片a| 边摸边吃奶边做爽免费视频网站| 国产好吊妞视频在线观看| 亚洲h在线观看| 国产精品一区二区久久不卡| 深爱婷婷激情网| 国产精品亚韩精品无码a在线| 18禁止看的免费污网站| 国产精品欧美一区二区三区| 2018av男人天堂| 国产精品免费看久久久无码|