The Hebei Banking and Insurance Regulatory Bureau recently issued the "Guiding Opinions on Strengthening Financial Services in the China (Hebei) Pilot Free Trade Zone" (hereinafter referred to as the "Opinions"), proposing that our province will further strengthen various tasks in financial services in the Pilot Free Trade Zone.
The "Opinions" proposed to innovate the investment and financing mechanism of the pilot free trade zone. Encourage banking financial institutions to organize syndicated loans, joint credit or other innovative financial products according to the development orientation, project category and capital needs of the Pilot Free Trade Zone. Encourage the risk compensation function of insurance, and tailor personalized insurance products for the fields of enterprise property, engineering construction, social insurance management, and critical illness business in the Pilot Free Trade Zone. Encourage the use of the long-term advantages of insurance funds, support insurance asset management institutions to initiate and establish debt investment plans, equity investment plans, asset-backed plans, insurance private equity funds, etc., to provide long-term financial support for the development of high-tech industries in the Pilot Free Trade Zone.
The "Opinions" proposes to support the development of private financial institutions, and on the premise of complying with the current laws and regulations and national policy guidance, allow qualified domestic purely Chinese-funded private enterprises to initiate and establish private banks at their own risk in the region according to law; Qualified private capital participates in the establishment of Sino-foreign joint venture banks and insurance institutions in the zone with Chinese and foreign-funded financial institutions. Up to now, there are 19 private banks in operation across the country, but they have not covered our province. At present, the China Banking and Insurance Regulatory Commission's attitude towards the establishment of private banks is to strictly follow the principle of "establishing a mature one" and promote the normal development of private banks in a steady and orderly manner.
In terms of steadily expanding the opening up of the financial industry, the "Opinions" proposed to support foreign-funded banks operating in the zone, allow qualified foreign-funded banks to set up subsidiaries, branches, franchised institutions and Sino-foreign joint venture banks in the zone, and allow foreign-funded banks in the zone to upgrade their branches. for the branch.
In terms of streamlining administration and delegating power, the "Opinions" show that in accordance with the requirements of the China Banking and Insurance Regulatory Commission, institutions, executives, and some business access matters below the branch level (excluding branches) of banks in the region have been changed from pre-approval to ex-post reporting; The establishment, relocation, and cancellation of the company and its branches are changed from pre-approval to post-filing. Previously, with the policy support of the China Banking and Insurance Regulatory Commission, the Guangdong Banking and Insurance Regulatory Bureau replicated and promoted the simplification and decentralization policy of bancassurance-related institutions and executive access methods in the Pilot Free Trade Zone to 8 mainland cities in the Guangdong-Hong Kong-Macao Greater Bay Area (excluding Shenzhen) .
The "Opinions" also proposed to support the development of industrial chain finance and technology finance. Encourage banking financial institutions to develop related business focus from a single link to the whole process of the supply chain, from core enterprises in the supply chain to upstream and downstream enterprises, and promote the development of core enterprises in innovative industrial clusters in the Pilot Free Trade Zone and upstream and downstream enterprises in the industrial chain. powerful. Encourage banking and insurance institutions to adopt a variety of risk compensation methods on the basis of improving risk pricing, and share the growth benefits of small and medium-sized technology-based small and medium-sized enterprises; support the establishment of technology-based credit institutions and branches specializing in innovative financial services, and provide professional credit for technology-innovative enterprises. Financial Services.
At the same time, the Hebei Banking and Insurance Regulatory Bureau made it clear that it is necessary to improve the risk monitoring and prevention system, actively cooperate with relevant departments to rely on the big data cloud platform, establish a characteristic monitoring report system in line with the actual situation of the free trade pilot zone, and conduct regular risk monitoring through off-site monitoring and on-site supervision. Assess, supervise and supervise the targets to continue to strengthen risk management and control, do a good job in risk identification, early warning and disposal, and keep the bottom line of preventing systemic and regional financial risks.