January 05, 2018

CBRC issued interim measures for the management of Commercial Bank Equity. The measures are intended to strengthen equity management of commercial banks, standardize the behavior of shareholders of commercial banks, and make up for the shortcomings of regulation. These measures shall come into force on the day of promulgation.

The measures highlight stricter shareholder rules and disclosure requirements. The interim measures include 59 articles related to general provisions, shareholder responsibilities, duties of commercial banks, information disclosure supervision and management, and legal liability. The interim measures emphasize strengthening the management of related party transactions between commercial banks and shareholders and related personnel, in addition to focusing on issues such as the transfer of benefits and the "bankability" of banks. The measures implement the principle of classification and supervision and take the major shareholders that have a significant impact on the operation and management of commercial banks as the regulatory focus. 

 

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Keywords: Asia Pacific, China, Banking, Equity Management, Disclosure Requirements, Capital Requirements, CBRC

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