On May 20, 2022, the China Banking Regulatory Commission issued the Guiding Opinions on Further Improving the Risk Management of Financial Institutions (hereinafter referred to as the Guiding Opinions), the Measures for the Administration of Entrusted Financial Management of Commercial Banks, the Measures for the Administration of Foreign Exchange Risks and the Measures for the Supervision and Administration of Financial Holding Companies. Among them, the Guiding Opinions mainly emphasize that financial institutions should strengthen risk management and establish a comprehensive and scientific medium-and long-term risk management framework. At the same time, financial institutions at all levels are required to thoroughly implement the idea of "precise policy and classified guidance" and formulate feasible risk management plans according to their own characteristics. In addition, the Measures for the Administration of Entrusted Financial Management of Commercial Banks clarified the regulatory requirements of banks in the field of entrusted financial management, and stipulated the assets and liquidity management requirements of entrusted financial management; The Measures for the Administration of Foreign Exchange Risks are mainly aimed at the management of foreign exchange business of banks; The Measures for the Supervision and Administration of Financial Holding Companies have raised the supervision requirements for financial holding companies. The promulgation of these regulations indicates that financial supervision is becoming stricter and stricter, which provides an important guarantee for the steady development of financial markets.
What are the specific impacts of these regulations issued by CBRC on investors? On the one hand, these regulations can strengthen the risk management and self-discipline of financial institutions, reduce risks, and thus improve the stability of the entire financial market; On the other hand, it can also protect the legitimate rights and interests of investors and make them more reliable in financial investment. At the same time, the promulgation of these regulations also means that the CBRC will continue to strengthen the supervision of financial markets and intensify the crackdown on financial irregularities. Therefore, investors should pay attention to risk management and investment compliance, and choose standardized and legal financial institutions to invest.
The promulgation of these regulations not only marks the further strengthening of China's financial supervision, but also provides a better guarantee for the healthy and stable development of the financial market. Investors should also pay attention to risk management and investment compliance, and choose standardized and legal financial institutions to invest.
Legal basis:
Measures for the Administration of Entrusted Financial Management of Commercial Banks Article 20 A commercial bank shall set up a special institution or post to be responsible for the formulation, review and adjustment of entrusted financial asset management products, and report to the board of directors as required.