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

    APRA Publishes Proposal to Increase Transparency of Banking Data

    APRA proposed to substantially increase the volume and breadth of data it makes publicly available on authorized deposit-taking institutions, including banks, credit unions, and building societies.

    December 05, 2019 WebPage Regulatory News
    News

    ESMA Consults on Guide to Internal Controls for Credit Rating Agencies

    ESMA launched a consultation on the guidelines on internal controls for credit rating agencies (CRAs).

    December 05, 2019 WebPage Regulatory News
    News

    EU Finalizes Directive and Prudential Rules for Investment Firms

    EU published, in the Official Journal of the European Union, the Directive (2019/2034) and Regulation (2019/2033) on the prudential requirements and supervision of investment firms.

    December 05, 2019 WebPage Regulatory News
    News

    OSFI Revises Guideline on Principles for Management of Liquidity Risk

    OSFI finalized Guideline B-6 on the principles for the management of liquidity risk.

    December 05, 2019 WebPage Regulatory News
    News

    PRA Consults on Framework to Manage Outsourcing and Third-Party Risk

    PRA published a consultation paper CP30/19 that sets out proposals to modernize the regulatory framework on outsourcing and third-party risk management.

    December 05, 2019 WebPage Regulatory News
    News

    BoE, PRA, and FCA Consult to Strengthen Operational Resilience

    BoE, PRA, and FCA published a shared policy summary and coordinated consultation papers on new requirements to strengthen operational resilience in the financial services sector.

    December 05, 2019 WebPage Regulatory News
    News

    EC Amends Rule on Mapping of External Credit Assessment Institutions

    EC published the implementing regulation (EU) 2019/2028, which amends Regulation 2016/1799, regarding the mapping tables specifying correspondence between the credit risk assessments of external credit assessment institutions (ECAIs) and the credit quality steps set out in the Capital Requirements Regulation.

    December 04, 2019 WebPage Regulatory News
    News

    EBA Issues Second Part of Advice on Implementation of Basel III in EU

    EBA published the second part of its advice on the implementation of Basel III in EU, which complements the report published on August 05, 2019.

    December 04, 2019 WebPage Regulatory News
    News

    EU Approves European Council Proposal on CCP Recovery and Resolution

    EU ambassadors approved the position of European Council on a proposed framework for clearing houses and their authorities to prepare for and deal with financial difficulties.

    December 04, 2019 WebPage Regulatory News
    News

    OSFI Releases Guideline on Foreign Bank Branch Deposit Requirements

    OSFI released the final version of Guideline A-10 on foreign bank branch deposit requirements, along with guideline impact analysis statement.

    December 04, 2019 WebPage Regulatory News
    RESULTS 1 - 10 OF 4268