Beijing: No unit or individual is allowed to set up local financial organizations without permission

category:Finance
 Beijing: No unit or individual is allowed to set up local financial organizations without permission


The financial and Economic Committee of the Municipal Peoples Congress believes that local financial supervision should establish a hierarchical and classified dynamic supervision mechanism, and distinguish inspection measures. Cheng Yanhong, vice chairman of the finance and Economic Commission of the Municipal Peoples Congress, introduced that for financial institutions that have been inspected and inspected for compliance, the frequency and coverage of inspection contents can be appropriately adjusted. For financial institutions with frequent problems or early warning signs, supervision should be strengthened, and the advantages and disadvantages of the main body should be distinguished, and the financial market environment should be gradually purified. Accordingly, the second review of the draft stipulates that the municipal local financial supervision department shall, according to the business scope, business scale, management level, internal control mechanism and risk status of local financial organizations, carry out dynamic supervision and management on local financial organizations according to their business scope, business scale, management level, and determine the frequency and scope of supervision and inspection and the regulatory measures to be taken. In addition, while strengthening the daily supervision and inspection, the government departments should strengthen the industry guidance to local financial organizations, provide standardized, convenient and efficient government services, and do a good job in policy publicity and interpretation and early warning of industry risks. Chen Hequn, editor of Beijing Daily_ NB12679

The financial and Economic Committee of the Municipal Peoples Congress believes that local financial supervision should establish a hierarchical and classified dynamic supervision mechanism, and distinguish inspection measures. Cheng Yanhong, vice chairman of the finance and Economic Commission of the Municipal Peoples Congress, introduced that for financial institutions that have been inspected and inspected for compliance, the frequency and coverage of inspection contents can be appropriately adjusted. For financial institutions with frequent problems or early warning signs, supervision should be strengthened, and the advantages and disadvantages of the main body should be distinguished, and the financial market environment should be gradually purified. Accordingly, the second review of the draft stipulates that the municipal local financial supervision department shall, according to the business scope, business scale, management level, internal control mechanism and risk status of local financial organizations, carry out dynamic supervision and management on local financial organizations according to their business scope, business scale, management level, and determine the frequency and scope of supervision and inspection and the regulatory measures to be taken.