Featured Product

    CBIRC to Strengthen Supervisory and Policy Support for SME Services

    November 20, 2019

    CBIRC released a notification on strengthening supervision and guidance to enhance the quality and efficiency of financial services for "small and micro-enterprises" (SMEs). The notification details measures taken and planned to alleviate the financing difficulties of small and micro-enterprises, provides overall situation of financial services for small and micro enterprises, and discusses the next steps to enhance quality and efficiency of financial services for small and micro-enterprises.

    CBIRC highlighted that non-performing loan ratio is controlled at a reasonable level. The efficiency of small and micro enterprises in banking services has been continuously improved. Many banks use digital technology extensively by identifying effective financing needs, optimizing risk management, and providing convenient online financing services for small and micro enterprises through the online channels. As part of the next steps, the regulator will adhere to the deepening of the structural reform of the financial supply side, improve financial services coverage, increase structural cost reduction, regulate bank service charges, continuously improve the internal operation mechanism of the bank, guide the bank to refine the credit due diligence, promote the transformation of commercial bank loan methods, urge banks to improve their risk management capabilities, focus on reviewing the first source of repayment, reduce excessive reliance on collateral, gradually increase the proportion of credit loans, and improve the promotion of loan renewing business.

    CBIRC also intends to promote the establishment of a sound credit information-sharing mechanism, promote the improvement of the use of tax-related data in online direct connection, and provide financial services for small and micro enterprises. The “silver tax interaction” model is used to make good use of the national credit information-sharing platform and international trade. The regulator will develop a long-term mechanism for supervision and evaluation, study and formulate the evaluation system for financial services supervision of small and micro enterprises, comprehensively evaluate the work of small and micro enterprises in banking services, and form a systematic, institutionalized, and standardized assessment and evaluation mechanism. CBIRC will guide banking financial institutions to serve small and micro enterprises.

     

    Related Link (in Chinese): Notification

    Keywords: Asia Pacific, China, Banking, Small and Micro Enterprises, NPLs, Credit Risk, CBIRC

    Related Articles
    News

    EBA Issues Erratum for Phase 2 Package of Reporting Framework 3.0

    EBA published an erratum for the technical package on phase 2 of the reporting framework 3.0.

    April 08, 2021 WebPage Regulatory News
    News

    MAS Amends Notice on Related Party Transactions of Banks

    MAS amended Notice 643A that addresses requirements for banks to prepare statements of exposures and credit facilities to related concerns or parties.

    April 08, 2021 WebPage Regulatory News
    News

    ECB Amends Guideline on Euro Short-Term Rate

    ECB has published, in the Official Journal of the European Union, the Guideline 2021/565 on the euro short-term rate (€STR) and this guideline amends the previous ECB Guideline 2019/1265.

    April 07, 2021 WebPage Regulatory News
    News

    EBA Consults on Standards Related to FRTB-SA

    EBA launched a consultation on the draft regulatory technical standards on the list of countries with an advanced economy for calculating the equity risk under the alternative standardized approach (FRTB-SA).

    April 07, 2021 WebPage Regulatory News
    News

    PRA Proposes Rules Related to IRB Approach for Credit Risk

    PRA is proposing, via CP7/21, the approach to implementing new requirements related to the specification of the nature, severity, and duration of an economic downturn in the internal ratings-based (IRB) approach to credit risk.

    April 07, 2021 WebPage Regulatory News
    News

    BoE Outlines Regulatory Treatment of Recovery Loan Scheme of UK

    The UK government launched the Recovery Loan Scheme (RLS) as part of its continued COVID-19 support for UK businesses, as announced by HM Treasury on March 03, 2021.

    April 06, 2021 WebPage Regulatory News
    News

    FSB Addresses G20 on COVID Measures, TBTF Reforms, and Climate Risks

    FSB published a letter, from its Chair Randal K. Quarles, to the G20 Finance Ministers and Central Bank Governors, ahead of their virtual meeting on April 07, 2021.

    April 06, 2021 WebPage Regulatory News
    News

    OSFI Unwinds Temporary Increase to Covered Bond Limit for Banks

    OSFI issued a letter to the deposit-taking institutions issuing covered bonds and announced the unwinding of the temporary increase to the covered bond limit for deposit-taking institutions, effective immediately.

    April 06, 2021 WebPage Regulatory News
    News

    EU Amends CRR and Securitization Regulation in Response to Pandemic

    To support recovery from the COVID-19 crisis, EU has published two regulations to amend the securitization framework, as set out in the Securitization Regulation (2017/2402) and the Capital Requirements Regulation or CRR (575/2013).

    April 06, 2021 WebPage Regulatory News
    News

    HM Treasury Announces G7 Agreement on Green Agenda Ahead of COP26

    HM Treasury announced that G7 Finance Ministers and Central Bank Governors met ahead of COP 26, the 2021 UN Climate Change Conference, and agreed on green agenda.

    April 06, 2021 WebPage Regulatory News
    RESULTS 1 - 10 OF 6821