The State Administration of Finance and Administration of China on Friday (July 21) on the implementation of the administrative licenses of non -bank financial institutions (drafts for comments) (hereinafter referred to as soliciting opinions)Relax the access conditions of overseas institutions' investment in financial asset management companies.
According to the China News Agency, the person in charge of the relevant departments of the State Administration of Finance and Administration of China said that the implementation measures for the implementation of administrative licenses of non -bank financial institutions on some approval matters and conditions are set up in some approval matters and conditions in recent years.System and policy -oriented requirements are not adapted, and further improvement needs to be improved.This revision has focused on further strengthening supervision policies, improving the quality and efficiency of access supervision, implementing simplified administration and release, and implementing open deployment.
This revision will adjust some matters access conditions. Combined with the management measures of the management measures of enterprise group financial companies that have been revised in recent years, the management measures for automotive finance companies will be adjusted simultaneously and the conditions for shareholders' access to shareholders will be simultaneously adjusted.Improve the special business access conditions for financial companies.
In terms of implementing and expanding the deployment of opening up to the outside world, the drafts for the solicitation of opinions will be further relaxed to the entry conditions of the financial asset management company of overseas institutions, allowing overseas non -financial institutions to be used as financial asset management companies to cancel overseas financial institutions as capital management companies and cancel overseas financial institutions as as capital management companies and cancel overseas financial institutions.The total asset requirements of financial asset management companies.
The work of simplified administration and decentralization has also been promoted.Soliciting comments draft simplify the qualification approval procedure of bond issuance and some personnel, cancel non -bank institutions to issue non -capital bond approval, financial asset management companies' financial department and internal audit department head qualification approval matters, change to a post -reporting system, clarify capitalIssuing mechanism for reservoir category.
The State Administration of Finance and Administration of China said that according to feedback from all walks of life, the department will further modify and improve the solicitation draft and release it in a timely manner.
