Banking Business Will Carry Out Reform Of Business Unit System

< p > Wang Zhaoxing, vice chairman of the China Banking Regulatory Commission, said at a news conference of the new China office 6, after the introduction of the regulation of commercial banking business in May, the CBRC will soon introduce relevant policies to promote the healthy development of the banking financial business, and implement the banking business division system.

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< p > analysts pointed out that carrying out the reform of the Ministry of business and strengthening the management of financial services, on the one hand, are conducive to isolating the risks of financial operations and other businesses of banks, and realizing independent, professional and standardized management. On the other hand, it is also conducive to the return of financial services to the essence of "financial management of clients" and to reduce the cost of "channelization" of funds.

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< p > "we promulgated relevant norms, first of all is to strengthen the management mechanism of banks to these businesses, to establish franchised institutions for interbank businesses, to carry out the business department system; secondly, the business risks of these channels should be within controllable limits; the third is to promote the return of the channel business to the essence, and the business return to the essence conducive to the regulation of bank liquidity, and the return of financial services to the essence of the financial management of the clients."

"We should reduce the capital cost of these businesses through these norms, and reduce the idling of funds among different financial institutions, so as to achieve the goal of reasonably reducing the level of social financing," said Xiao Yuan Yuan, a deputy director of the CBRC supervision.

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< p > the implementation of the division system in financial management refers to the establishment of a business unit independently within a bank, so as to achieve a complete separation of financial business institutions and operations and savings and loan business institutions and operations.

The product is designed by the head office, and other departments and branches are responsible for product sales only.

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< p > the CBRC issued the notice of the general office of the China Banking Regulatory Commission on regulating the management of commercial banks' interbank business in May, which stipulates that the interbank business of commercial banks should be implemented by a special sector system, and the legal person headquarters shall establish or designate the franchise Department to be responsible for the operation.

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< p > generally speaking, the financial management of foreign banks is managed by the asset management department.

Unlike the domestic a href= "//www.sjfzxm.com/news/index_c.asp" and the asset management department /a, it is generally the product department that does not directly responsible for the sale of financial services. The sale of financial products is different from departments such as gold, private banking, companies and financial industry. Most of the assets management departments of foreign banks are both product departments and customer departments, directly manage financial advisers, and their financial products can also be sold by customer consultants of retail, corporate banks and other departments.

Therefore, the asset management department has the initiative to manage investment from finance to the whole sales process.

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< p > < < a href= > //www.sjfzxm.com/news/index_c.asp > > Financial Services > /a > the current structure is still a large retail two level department with limited authority.

A joint-stock bank insider said that the establishment of the division would open up the personnel management and risk control of branch offices in the bank financial management department.

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< p > up to now, the scale of bank financial products has reached 13 trillion yuan. However, the risk point of financial management has not been comprehensively managed.

For example, the sales side has had all kinds of risks caused by illegal sales, which is difficult for banks to manage.

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< p > analysts say that in the past few years, bank financial products have become one of the tools for banks to pull deposits at the end of the month. Every time they reach the critical point of deposit loan ratio assessment, the yield of financial products will increase significantly, to a certain extent, it will also raise the cost of social financing.

One of the purposes of the CBRC regulating financial management and interbank business is to reduce the cost of social financing reasonably.

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< p > < < a href= > //www.sjfzxm.com/news/index_c.asp > > the CBRC < /a > will further standardize the business of interbank, trust, financial management and entrusted loans in the future, clean up unnecessary funds "passageway" and "bridge" link, shorten the financing chain, and reduce the social financing cost through various measures.

Xiao Yuanqi said.

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< p > Wang Yanxiu, director of the innovation Department of the China Banking Regulatory Commission, has revealed that as of the end of 2014 4, the balance of commercial banks' financial products has reached 13 trillion yuan, with over 50 thousand varieties.

In the ten years of the development of financial products, the average annual yield is 4%, which is 1 percentage points higher than the deposit in ten years.

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