Legal newsletter (Issue 5 of 2016)

First, finance

◆ SFC issued "corporate bond issuer on-site inspection work guidelines"

Recently, the Commission issued a "corporate bond issuer on-site inspection work guidelines" (hereinafter referred to as "work guidelines"). According to the characteristics and risk factors of corporate bonds, the contents and methods of on-site inspection are determined according to the characteristics of the company's bonds and the risk factors, The specific aspects of the inspection should be carried out, and the specific work items and work requirements that should be carried out in the three stages of the inspection should be clarified. The relevant principles and division of labor for targeted measures.

Http://www.csrc.gov.cn/pub/newsite/zjhxwfb/xwdd/201610/t20161021_304836.html

◆ CBRC: "on further strengthening the credit risk management notice"

Recently, China Banking Regulatory Commission recently issued to the local banking regulatory bureaus and major banks, "on the further strengthening of credit risk management notice" (Yin Jian Fa [2016] No. 42), requiring banks to improve the unified credit management, strengthen the credit Customer risk assessment and other eight aspects to strengthen credit risk management, to carry out the system combing and risk investigation, and in December 30, 2016 before the report of the investigation and rectification report. The notice requires a comprehensive risk management framework, and supervisory bodies at all levels should supervise the banking financial institutions to incorporate non-credit and off-balance sheet credit business into a comprehensive risk management system and conduct unified credit management together with the business in the form, including the establishment of various types of assets Including the asset quality monitoring system, in a timely manner to the relevant banking financial institutions to inform the risk. Organization of banking financial institutions to carry out emerging off-balance sheet business risk self-examination, self-examination report timely submission to the regulatory body.

◆ SFC to report the issuance of IPOs and information disclosure violations of law enforcement laws and regulations of the first batch of cases

Recently, according to the issuance of IPO fraud and information disclosure illegal special law enforcement action of the overall work of the deployment, the SFC audit department decided to IPO declaration enterprises Longbao ginseng and Cantonese media, * ST alkene, * ST surplus, Beautiful ecology 5 listed companies officially launched the investigation of the administrative law enforcement procedures. This is the first batch of cases in which the SFC has deployed the official filing procedures for the issuance of IPOs and the illegal enforcement of information disclosure.

Http://www.csrc.gov.cn/pub/newsite/zjhxwfb/xwdd/201610/t20161021_304839.html

◆ China Banking Regulatory Commission: held in the third quarter of the economic and financial situation analysis

October 21, China Banking Regulatory Commission held the third quarter of the economic and financial situation analysis, the main content of the meeting: to actively support the supply side of the structural reform, and continuously enhance the banking sector substantive economic efficiency; strengthen comprehensive risk management, adhere to the system does not occur Financial risk bottom line; closely focus on hot issues, conscientiously implement a major decision-making deployment

Http://www.cbrc.gov.cn/chinese/home/docView/6B433C5475F248D0B5E4A9D8143B1348.html

◆ CIRC: Notice on the Establishment of a Consultative Committee of Experts on Major Decision Making

Recently, the CIRC issued a notice on the establishment of an advisory committee of major decision-making experts, the main responsibilities of the Commission: to participate in the CIRC major decision-making process, the proposed major decisions to conduct scientific proof and risk assessment, comments and suggestions; Industry reform and development, insurance supervision and insurance consumers concerned about the hot and difficult issues to investigate and study, for the development of industry advice and suggestions; on the China Insurance Regulatory Commission issued a major policy for expert interpretation of the social concern, the impact of the insurance industry hot topic Comments in order to facilitate the public to correctly understand the relevant policies.

Http://www.circ.gov.cn/web/site0/tab5213/info4047224.htm

Second, a word news

◆ CBRC General Office issued to the provincial government "on the appropriate adjustment of local asset management company policy", loose local AMC, cancel the transfer restrictions, each province can be set up two.

◆ Supreme People's Court of the latest jurisprudence: does not allow the implementation of the procedure that the debt is a common debt, not in the implementation process to add the spouse as the person to be Ｅxecuted.

◆ the highest seizure, the Ministry of Public Security held a new type of illegal telecommunications network rectification, highlighting the regional supervision will emphasize the high potential of curbing telecom network fraud.

◆ Supreme People's Court recently issued "on the law and the implementation of civil commercial cases to protect the healthy development of private investment notice" to protect the healthy development of private investment to protect private financial innovation.

Producer: Yang Yuan Jiang Guoyan