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

    FED Revises Capital Planning and Stress Testing Requirements for Banks

    FED finalized a rule that updates capital planning requirements to reflect the new framework from 2019 that sorts large banks into categories, with requirements that are tailored to the risks of each category.

    January 19, 2021 WebPage Regulatory News
    News

    ECB Releases Results of Bank Lending Survey for Fourth Quarter of 2020

    ECB published results of the quarterly lending survey conducted on 143 banks in the euro area.

    January 19, 2021 WebPage Regulatory News
    News

    ESAs Publish Reporting Templates for Financial Conglomerates

    ESAs published the final draft implementing technical standards on reporting of intra-group transactions and risk concentration of financial conglomerates subject to the supplementary supervision in EU.

    January 18, 2021 WebPage Regulatory News
    News

    EBA Publishes Report on Asset Encumbrance of Banks in EU

    EBA published the annual report on asset encumbrance of banks in EU.

    January 18, 2021 WebPage Regulatory News
    News

    MAS Revises Guidelines on Technology Risk Management

    MAS revised the guidelines that address technology and cyber risks of financial institutions, in an environment of growing use of cloud technologies, application programming interfaces, and rapid software development.

    January 18, 2021 WebPage Regulatory News
    News

    US Agencies Publish Updates for Call Reports, FFIEC 101, and FR Y-9C

    FED updated the reporting form and instructions for the FR Y-9C report on consolidated financial statements for holding companies.

    January 15, 2021 WebPage Regulatory News
    News

    EBA Proposes Guidelines for Establishing Intermediate Parent Entities

    EBA issued a consultation paper on the guidelines on monitoring of the threshold and other procedural aspects of the establishment of intermediate EU parent undertakings, or IPUs, as laid down in the Capital Requirements Directive.

    January 15, 2021 WebPage Regulatory News
    News

    EC Adopts Financial Reporting Changes Arising from Benchmark Reforms

    EC published Regulation 2021/25 that addresses amendments related to the financial reporting consequences of replacement of the existing interest rate benchmarks with alternative reference rates.

    January 14, 2021 WebPage Regulatory News
    News

    BIS Bulletin Examines Key Elements of Policy Response to Cyber Risk

    BIS published a bulletin, or a note, that examines the cyber threat landscape in the context of the pandemic and discusses policies to reduce risks to financial stability.

    January 14, 2021 WebPage Regulatory News
    News

    HMT Updates List of Post-Brexit Equivalence Decisions in UK

    HM Treasury, also known as HMT, has updated the table containing the list of the equivalence decisions that came into effect in UK at the end of the transition period of its withdrawal from EU.

    January 14, 2021 WebPage Regulatory News
    RESULTS 1 - 10 OF 6462