Financials, Automotive, Technology May 20, 2022 03:55 PM (GMT+8) · EqualOcean
The person in charge of relevant departments of the CBRC said at the briefing of the CBRC on May 20 that the CBRC earnestly implemented the decision and deployment of the CPC Central Committee and the State Council on improving the governance of financial institutions, continued to strengthen and improve corporate governance supervision, promoted financial institutions, including small and medium-sized banks, to deepen corporate governance reform, and regarded it as an important means to prevent and resolve risks and achieve high-quality development. We will focus on investigating and dealing with equity issues such as illegal pledge, equity nesting and equity holding by major shareholders, illegal transfer of interests through credit, bonds, discount and other means, insider control and manipulation of hollowed out institutions by major shareholders. Regulatory authorities at all levels are required to thoroughly investigate hidden dangers, further strengthen the supervision of major shareholders, adhere to the principles of early identification, early warning, early intervention and early disposal, and strengthen punishment and accountability.

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