日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Finance

Major shareholders of banks and insurers in for tighter governance

By JIANG XUEQING | China Daily | Updated: 2021-10-16 07:42
Share
Share - WeChat
[Photo/VCG]

China's trial measures for the regulation of major shareholders in banking and insurance institutions issued on Thursday signaled the tightening of corporate governance by financial regulators, industry experts said.

In recent years, irregular activities, including improper related-party transactions, the transfer of benefits and entrusted shareholdings, occurred frequently at banking and insurance institutions, especially among small and medium-sized banks. Such activities have become a major source of financial risks, said Zheng Chenyang, a researcher with the BOC Research Institute.

The China Banking and Insurance Regulatory Commission announced measures to strengthen the regulation of behaviors by major shareholders, forcing them to exercise rights properly and fulfill their obligations so that China's banking and insurance institutions will maintain steady operations, an official of the CBIRC said.

The regulator established stricter criteria to conduct more targeted regulation by clearly pointing out that major shareholders include those who nominated more than two directors of the board, and those who are considered by the board of directors of a banking or insurance institution as having a controlling impact on the institution, Zheng said.

In the past, some shareholders owning less than 5 percent of a bank's shares were not considered major shareholders despite their controlling impact on the bank. The new regulation, however, will put them under supervision, she said.

According to the measures, major shareholders also include those holding at least a 15 percent stake in a large State-controlled commercial bank, a national joint-stock commercial bank, a foreign bank, a privately-owned bank, an insurer, an asset management company, a financial leasing company, a consumer finance company and an auto finance company, as well as those holding at least a 10 percent stake in a city or rural commercial bank and those holding the largest equity stake in a banking or insurance institution with ownership of no less than 5 percent.

"Regulation of major shareholders' behaviors is a major aspect of corporate governance, a crucial area of the tightening of banks' risk supervision and an important part of regulatory improvement. It indicates that China's top banking and insurance regulator is further stepping up efforts to shore up regulatory weak links," said Zeng Gang, deputy director-general of the National Institution for Finance & Development.

A few cases showed the failure of corporate governance triggered huge losses at banks and caused tremendous hidden risks in the financial system. Based on problems that were already found, the regulator included prohibition clauses in the trial measures to prevent potential risks taking place and create better conditions for regulated corporate governance, Zheng said.

The CBIRC emphasized that major shareholders should use their own capital to buy shares of banking and insurance institutions. It stressed the need for ownership authenticity and transparency and further regulated behaviors like cross-ownership and equity pledges.

For a major shareholder who pledged more than 50 percent of the equities it held in a banking or insurance institution for financing, the shareholder and the directors it nominated are not allowed to exercise voting rights at the shareholders' meetings and meetings of the board of directors, the measures said.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 国产一区二区三区在线看片 | 高清亚洲| 黄色影视在线 | 久久精品欧美一区二区三区不卡 | 国产精品手机在线 | 国产精品久久人妻无码网站一区无 | 天天操天天射天天插 | 国产在线网址 | 国内精品视频在线观看 | 精品在线观看 | 精品国产日韩一区三区 | 欧美成人h版整片合集 | 日韩中文有码高清 | 一区二区三区成人 | 污网站观看 | 国产精品美女久久久久久久久久久 | 欧洲精品一区 | 亚洲97 | 久久国产精品亚洲 | a级淫片 | 久久亚洲私人国产精品 | 欧美黑人ⅹxxx片 | 色爱综合网 | 午夜性电影 | 久久欧美精品1024你懂得 | 偷拍做爰吃奶视频免费看 | 国产黄色麻豆视频 | 久久久精品免费观看 | 日韩一区二区三区在线视频 | 国产精品日本一区二区不卡视频 | 精品一区二区高清在线观看 | h网站国产 | 欧美一区二区三区在线可观看 | 草草网 | 亚洲一区二区三区深夜天堂 | 日本视频免费高清一本18 | 色网在线播放 | 午夜视频高清在线aaa | 婷婷涩五月 | 亚洲成人精品在线观看 | 秋霞电影免费理论久久 |