Chinanews.com, December 2nd. The Banking and Insurance Regulatory Commission website announced on the 2nd that the China Banking and Insurance Regulatory Commission has achieved initial results in improving the corporate governance of the banking and insurance industry. The next step will be to standardize the behavior of major shareholders and related transactions, and optimize the structure and operating mechanism of the board of directors. , Improve the effectiveness of supervision and other aspects, intensify supervision and continuously promote the reform of corporate governance of bancassurance institutions to achieve new results.

　　The China Banking and Insurance Regulatory Commission pointed out that in the past two years, the China Banking Regulatory Commission has steadily promoted the implementation of the "Three-year Action Plan for Improving Corporate Governance in the Banking and Insurance Industry (2020-2022)", focusing on strengthening the construction of systems and regulations, continuing to deepen corporate governance reforms, and effectively preventing and deflating financial risks. , To promote the steady improvement of the quality and efficiency of corporate governance in the banking and insurance industry.

The organic integration of party leadership and corporate governance continued to advance.

The promotion of the organic integration of party leadership and corporate governance of bancassurance institutions is clearly defined as a regulatory requirement and included in the regulatory evaluation and directors and supervisors' performance evaluation system.

Driven by supervision, state-owned banking and insurance institutions generally clarify the legal status of party organizations in corporate governance in their articles of association. By implementing the "two-way entry and cross-service" leadership system and the institutional arrangements for pre-study of major management issues by the party committee, The party’s leadership has been integrated into all aspects of corporate governance, the party organization’s leadership role in direction, overall management, and implementation has been further strengthened, and modern financial corporate governance mechanisms with Chinese characteristics have been continuously improved.

The system of corporate governance supervision has been continuously improved.

Focus on outstanding issues, speed up to make up for the shortcomings of the system, and continue to improve the unified and coordinated banking and insurance industry corporate governance regulatory system.

Promulgated basic systems such as the "Corporate Governance Guidelines for Banking and Insurance Institutions", "Measures for the Supervision of Major Shareholder Behaviors of Banking and Insurance Institutions (for Trial Implementation)", and "Measures for the Evaluation of Duty Performance of Directors and Supervisors of Banking and Insurance Institutions (for Trial Implementation)" to consolidate the foundation of corporate governance supervision; release performance compensation tracking Guidance on claim and rebate, improve incentive and restraint mechanisms; improve the management system of shareholder commitments, and further enhance the binding force of shareholder commitments.

The "Administrative Measures for Related Party Transactions of Banking and Insurance Institutions" has completed the preliminary work for the formulation of regulations and is expected to be promulgated in the near future.

The evaluation of corporate governance supervision was fully implemented.

A comprehensive evaluation system for corporate governance supervision covering all commercial banks and insurance institutions has been constructed and implemented for two consecutive years.

Strictly urge the relevant institutions to seriously correct the problems found in the evaluation, and combine the evaluation results with market access, on-site inspections, and the reform and reorganization and risk treatment of high-risk institutions. Improve the quality and efficiency of corporate governance of bancassurance institutions.

Judging from the evaluation results in 2021, the corporate governance level of bancassurance institutions is generally stable and showing positive changes.

The proportion of institutions rated as D (weak) and below dropped by 0.77 percentage points. Among them, 138 organizations were rated as E (poor), 44 fewer than in 2020, and their proportion decreased by 2.73 percentage points.

Illegal behaviors such as equity and related transactions tend to converge.

Continue to carry out special rectification of equity and related-party transactions, and severely crack down on outstanding issues such as capital fraud, equity holdings, and transfer of benefits, forming an effective deterrent.

After two years of special rectification, a total of more than 2,600 shareholders who violated laws and regulations were cleared and retired, a total of 140 million yuan was punished for violating institutions and persons responsible, 395 responsible persons were punished, and some personnel were disqualified from their positions and implemented industry bans.

Supervised the internal accountability of bancassurance institutions to handle 360 ​​relevant departments or branches, and 5,383 individual accountable persons, including 674 party disciplinary and disciplinary sanctions.

The list of 66 shareholders with major violations of laws and regulations was released to the public in three batches.

Through a series of measures, the compliance of shareholder behaviors of bancassurance institutions has been improved, and the transfer of benefits through connected transactions has been curbed to a certain extent.

The level of informatization of corporate governance supervision has steadily improved.

Three information systems have been established for corporate governance evaluation, equity supervision and related-party transaction supervision.

The corporate governance evaluation information system has the function of informatization management of the entire process of evaluation work.

The Equity Supervision Information System supports online equity supervision during and after the event.

The related party transaction supervision system supports the monitoring and analysis of related parties and related party transactions of bancassurance institutions.

Currently, the China Banking and Insurance Regulatory Commission is promoting the integration of corporate governance and supervision information systems to further enhance the informatization and intelligence level of corporate governance and supervision.

The combined force of corporate governance supervision and supervision has been significantly enhanced.

Strengthen the coordination of supervisory departments, discipline inspection and supervision, public security, justice and other departments, as well as local governments, punish illegal shareholders, directors and senior management of bancassurance institutions in accordance with the law, and effectively protect the legitimate rights and interests of financial consumers and small and medium shareholders.

Supervise bancassurance institutions to implement information disclosure regulatory requirements, and give full play to the role of accounting firms and other market intermediaries in supervising bancassurance institutions.

Guide banking associations and insurance industry associations to establish a talent pool for independent directors, actively broaden the source of independent director selection and employment, and further strengthen industry self-discipline.

　　The China Banking and Insurance Regulatory Commission pointed out that although the corporate governance reform of bancassurance institutions has achieved initial results, the situation is still complex and severe. Some typical corporate governance problems such as manipulation by major shareholders and insider control still exist in some institutions. It is necessary to improve the banking and insurance industry. The task of corporate governance is still very arduous.

In the next step, the China Banking and Insurance Regulatory Commission will intensify supervision in terms of upholding and strengthening the party’s leadership, regulating the behavior of major shareholders and related transactions, optimizing the structure and operating mechanism of the board of directors, and enhancing the effectiveness of supervision, so as to continuously promote the reform of corporate governance of bancassurance institutions. Effectiveness.