China Banking and Insurance Regulatory Commission for the first time published a list of major shareholders of bank insurance institutions in violation of laws and regulations
China News Agency, Beijing, July 4 (Reporter Wang Enbo) In order to further tighten market discipline, standardize shareholder behavior, play a deterrent role, and strengthen market supervision, the China Banking and Insurance Regulatory Commission announced on the official website for the first time that major shareholders of bank insurance institutions violated the law on the 4th. List.
According to reports, since the establishment of the China Banking and Insurance Regulatory Commission, it has attached great importance to the supervision of shareholder equity. It has taken the investigation and punishment of illegal shareholders as an important measure to prevent and resolve financial risks and improve the corporate governance structure of banking and insurance institutions. However, there are still a few bank insurance institutions whose shareholders do not comply with the regulations, carry out connected transactions in violation of regulations, seek improper benefits, and even resort to illegal or illegal means to withdraw or misappropriate funds from bank insurance institutions, which seriously affects the stable operation of financial institutions.
The person in charge of the relevant department of the China Banking Regulatory Commission said that this public adhere to the principle of law and regulation, focusing on disclosing shareholders with serious violations of laws and regulations in recent years, facts about violations of laws and regulations, and particularly bad social impact.
There are a total of 38 major shareholders who violate the law and regulations. The specific violations mainly include the following aspects: First, they carry out related party transactions or seek improper benefits; second, they prepare or provide false materials; third, the related shareholders hold more than a certain percentage of shares. With administrative permission; Fourth, the source of capital for shareholding does not meet the regulatory requirements; Fifth, the single shareholder's shareholding exceeds the regulatory ratio limit; Sixth, the actual controller has illegal crimes such as black and evil.
Talking about the impact of public disclosure of major violations of laws and regulations on the bank insurance institutions, the person in charge said that the impact of this disclosure on the daily operations of the institutions is positive. Disclosing major shareholders in violation of laws and regulations is also a warning education for the other shareholders of the organization and the organization itself, which is conducive to urging them to establish an honest and trustworthy concept, standardizing shareholders' behavior and management of equity affairs, and further consolidating the corporate governance foundation of the organization.
In response to the announced violations of laws and regulations by shareholders, the China Banking and Insurance Regulatory Commission has taken regulatory measures such as restricting shareholder rights, revoking investment share permits, and removing illegal shares. This is beneficial to improving the quality of shareholders of bank insurance institutions and promoting the high-quality development of bank insurance institutions.
In the next step, the China Banking Regulatory Commission will further improve the disclosure method, increase disclosure efforts, and establish a normalized mechanism for disclosing major shareholders who violate laws and regulations. At the same time, it will continue to conduct in-depth investigation and rectification of illegal and illegal shareholders' equity, strengthen shareholders' behavioral constraints and related transaction supervision, and effectively improve the corporate governance structure of bank insurance institutions, laying a solid foundation for the long-term stable development of the banking industry. (Finish)