China Securities Regulatory Commission: four measures to enhance the radiation effect and institutional agglomeration effect of Beijing Capital Market
Gao Li, a spokesman for the China Securities Regulatory Commission, said that in recent years, the CSRC has held several meetings to study and formulate policy arrangements to support the construction of the two districts in Beijing, detailing and clarifying more than 10 specific measures in five aspects, so as to actively promote the capital market to better serve the high-quality development of the capital economy.
Gao Li said that the CSRC will support the construction of Beijings four centers and two districts from the following four aspects:
First, further deepen the reform of the new third board, continuously optimize the audit mechanism for public offering, introduce the refinancing system at the selected level, research and launch convertible bonds, further smooth the market entry channels of long-term funds such as public funds, and promote the better play of market functions.
Second, we should support high-quality securities fund institutions in Beijing, actively carry out business, product, service, organization and technological innovation, and strive to build an international first-class investment bank and wealth management institution.
Third, we should support Beijing to carry out financial technology innovation, promptly issue relevant documents, take the lead in carrying out capital market financial technology innovation supervision pilot in Beijing, and continue to promote the application of blockchain technology in the registration and settlement fields of regional equity markets such as Beijing.
The peoples Bank of China: five major policies to support the construction of two districts and four centers in Beijing
Mo Wangui, deputy director of the Financial Research Institute of the peoples Bank of China, introduced the next policy trend of the peoples Bank of China to support the construction of two districts and four centers in Beijing and the high-quality economic development.
First, we should increase monetary policy to support epidemic prevention and control and economic development in the capital.
In the next step, the peoples Bank of China will adhere to the sound monetary policy, strengthen the coordination and coordination of macro policies, speed up the transmission mechanism of monetary policy to the real economy, further stimulate the vitality of micro market entities, continue to increase financial support to stabilize enterprises and ensure employment, so as to effectively implement the policies that have been issued.
Second, we should support Beijing to build a pilot free trade zone and a comprehensive demonstration zone for the opening up of the national service industry.
In the next step, the peoples Bank of China will continue to promote the implementation of relevant financial policies in the two zones. We will accelerate the building of a leading area for the expansion of service industry and a pilot area for digital economy, and strive to build a high-level open platform for the coordinated development of Beijing, Tianjin and Hebei.
We will support Beijing to strengthen financial services for the real economy, and allow the transfer of physical assets, equity transfer, capital increase and share expansion, and cross-border transactions through the Beijing Equity Exchange.
We will support Beijing to improve its open economic risk prevention system, strengthen anti money laundering, anti-terrorism financing and anti tax evasion, and further enhance the ability of financial risk prevention.
Third, increase financial support for the construction of four centers in Beijing.
At the same time, under the premise of controllable risks, around the functional orientation of the four centers of the capital, support the construction of national cultural and Financial Cooperation Demonstration Zone, innovate financial instruments, and vigorously support the development of cultural industry. We will support Beijing to apply for the construction of a green financial reform and innovation pilot zone and build an international exchange center for green finance.
In the next step, the peoples Bank of China will support the implementation of major financial technology projects in Beijing, focusing on payment and settlement, registration and trusteeship, credit rating, asset trading, data management and other links, so as to improve the service level of financial infrastructure by means of science and technology.
Give full play to the role of the pilot mechanism of financial technology innovation supervision, and steadily carry out financial technology innovation on the premise of serving the real economy, controlling risks and fully protecting the rights and interests of consumers.
We will support the establishment of a financial science and technology center in Beijing by the digital currency Research Institute of the peoples Bank of China, build a legal digital currency pilot zone and digital financial system, form a trade finance blockchain standard system based on the trade finance blockchain platform of the peoples Bank of China, and strengthen regulatory innovation. Set up a national financial technology risk monitoring center in Beijing.
Fifthly, actively support the construction of the capitals business environment.
CBRC: further optimizing regulatory rules and improving supporting policies
Liang Ling, a first level inspector of the regulatory department of the CIRC, introduced that the CIRC participated in the formulation of a comprehensive pilot scheme for deepening the opening up of Beijings service industry in a new round, further optimized the regulatory rules and improved supporting policies, including:
First, give priority to allowing multinational companies to set up wholly foreign-owned property insurance companies in Beijing; second, support bancassurance institutions to carry out financial technology innovation activities in Beijing according to law, and support qualified financial institutions to set up financial technology companies in Beijing; third, encourage bancassurance institutions to explore personalized financial services suitable for scientific and technological innovation enterprises; fourth, guide bank insurance institutions To provide financial services for modern service industry enterprises in Beijing, support banking institutions to set up cultural and creative exclusive branches, participate in summing up experience, copy and promote work, and give better play to the demonstration effect and driving role of Beijings service industry in expanding opening up.
At the same time, the CBRC actively cooperated with the study and formulation of the overall plan for the Beijing free trade zone, further deepening the reform and opening up of the financial sector in Beijing, including:
First, support the establishment of private banks in Beijing that focus on supporting the development of cultural and creative industries; second, encourage insurance institutions to explore the development of cultural and intellectual property insurance business; third, encourage qualified Chinese banks to carry out cross-border financial services; fourth, support multinational companies to set up financial companies in accordance with the law by establishing qualified investment companies in China; fifth, support insurance institutions to explore the development of cultural and intellectual property insurance business The auto financing companies in the pilot Free Trade Zone carry out cross-border financing under the premise of compliance with the law.
Safe: explore and carry out the pilot project of the integration of domestic and foreign currency cross-border fund pool
Ding Zhijie, director of the foreign exchange research center of the State Administration of foreign exchange, said that the State Administration of foreign exchange conscientiously implemented the decision-making and deployment of the Party Central Committee and the State Council, and actively promoted the reform and innovation of foreign exchange management. After the State Councils approval of Beijings construction of a comprehensive demonstration area and free trade zone for the construction of service industry, the plan will be implemented as soon as possible. Key points include:
In terms of cross-border trade, we will support the facilitation of foreign exchange payments of cross-border trade in Beijing free trade zone. Support qualified foreign trade comprehensive service enterprises to provide comprehensive foreign exchange services for cross-border e-commerce. To study and explore the exchange settlement mode of cross-border transfer of physical assets, so as to improve the settlement efficiency of foreign exchange funds. In addition, it provides support for talent employment, including facilitating the payment of foreign exchange for overseas employees of Chinese funded institutions in Beijing, and facilitating the purchase and settlement of foreign exchange for overseas high-end talents to handle personal family support payments and accompanying children to study.
In terms of direct investment, we will promote the facilitation of overseas investment by domestic institutions. We are studying the reform plan of qflp pilot project, further expand the scope of investment, simplify the registration procedures, facilitate the exchange of funds, explore the cross-border investment and financing management mode of private equity investment funds, and continue to support Beijing to attract more world-class investment institutions.
First, further upgrade the foreign debt facilitation pilot policy of Zhongguancun National Independent Innovation Demonstration Zone, and assist the construction of Beijing Science and technology innovation center. The detailed rules for the implementation of the pilot project of foreign debt facilitation in Zhongguancun national independent innovation demonstration zone was issued, and qualified high-tech enterprises in the zone can enjoy the foreign debt facilitation quota of US $5 million. On this basis, the foreign debt facilitation quota for non-financial enterprises in Haidian Park will be increased from US $5 million to US $10 million. Up to now, 19 high-tech enterprises have enjoyed the policy dividend.
The second is to innovate the foreign debt management mode of enterprises. In the process of merger and transaction, the one-time foreign debt registration was piloted, and the management requirements of foreign debt registration of pilot enterprises were cancelled.
Third, the pilot project of cross-border transfer of non-performing assets will be carried out in Beijing. We will allow Beijing financial assets exchange to carry out cross-border transfer of non-performing bank assets, further revitalize non-performing bank assets and better support the development of the real economy.
Source of this article: Yang Bin, editor in charge of Shanghai Securities News_ NF4368