China News Service, March 24. According to the Ministry of Finance website news, the Ministry of Finance and the Central Bank recently jointly issued the "Measures for the Pilot Program of Mobile Banking Sales of Savings Treasury Bonds (Electronic)" (hereinafter referred to as the "Measures").
The "Measures" pointed out that when investors use mobile banking to handle savings treasury bonds (electronic) pilot-related businesses, pilot members are not allowed to charge investors.
According to reports, in order to regulate the pilot work (hereinafter referred to as the pilot work) for the sale of savings treasury bonds by mobile banking (hereinafter referred to as the pilot work), the Measures are formulated in accordance with relevant national laws, regulations and relevant system regulations.
The Ministry of Finance, in conjunction with the People's Bank of China (hereinafter referred to as the People's Bank of China), is responsible for organizing the pilot work.
The Measures clarify that members of a savings government bond underwriting syndicate that meets the following conditions can apply to the Ministry of Finance and the People's Bank of China to sign up for the pilot work:
(1) Conducting personal mobile banking business for more than 5 years;
(2) From January 1st to the registration day of the year before the registration, there were no irregularities affecting the creditworthiness of the national debt in the handling of the savings government bond (electronic) business;
(3) There is no record of major security incidents in personal mobile banking business from January 1 to the registration day of the year before registration.
The “Measures” pointed out that the Ministry of Finance and the People’s Bank of China, based on the needs of the pilot work, combined with the previous savings bond underwriting syndicate members’ past savings bond work, mobile banking business development, customer structure, scale, and geographic location, and other factors, according to large state-owned commercial banks, joint-stock commercial banks Banks, city commercial banks, and rural commercial banks have selected members of savings treasury bond underwriting syndicates to participate in the pilot.
The "Measures" require that the information systems used by pilot members to handle the sales of savings treasury bonds (electronic) should meet the regulatory authorities' policy specifications, regulatory requirements and technical standards on the security of mobile banking systems and APPs.
The mobile banking function of the RMB settlement account used by investors for handling savings treasury bond (electronic) mobile banking related business must be opened through the counter channel.
Pilot members should provide investors with information confirmation methods that have a risk level no lower than the transfer business, such as USBKEY, cipher, mobile phone SMS dynamic password, when handling investor’s personal treasury bond account opening and savings treasury bond (electronic) subscription business. Biometrics, etc., the specific information confirmation method is chosen by the investor.
The "Measures" shall be interpreted by the Ministry of Finance in conjunction with the People's Bank of China, and shall be implemented from the date of issuance.
Other unmentioned matters shall be implemented in accordance with the relevant regulations of the management of savings treasury bonds (electronic).