Zhongxin Finance, January 24. On the 24th, the China Banking and Insurance Regulatory Commission issued the "Guiding Opinions on Regulating the Management of Adjusted Prices in the Banking Service Market", encouraging banks and other financial institutions to appropriately reduce or exempt basic banking service fees for specific groups such as the elderly and the disabled. Implement differentiated pricing and service discounts for market entities such as small and micro enterprises and individual industrial and commercial households.
The "Guiding Opinions" are based on providing principled guidance for the management and behavior of financial institutions such as banks on service prices, and clarify requirements in the following aspects:
The main responsibility of the compaction agency.
The "Guiding Opinions" require banks and other financial institutions to implement unified centralized management of service prices, standardize service processes, optimize system control, improve assessment and incentive mechanisms, strengthen the authorization management and behavior control of branches, and strengthen the role of internal audit supervision.
In addition, it is emphasized that financial institutions such as banks should follow the principle of appropriateness and matching in the service process, recommend appropriate services to customers, and match the service price with the actual service content.
Standardize pricing requirements and calibration mechanisms.
The "Guiding Opinions" specify the conditions that should be met by different pricing methods such as proportional pricing, range pricing, negotiated pricing, and pricing based on external costs.
Banks and other financial institutions are required to establish and improve pricing calibration mechanisms to ensure reasonable service prices by comparing homogeneous and similar projects, tracking inter-period cost changes, and assessing the actual execution price level.
Strengthen the management of service outsourcing agencies and partners.
While focusing on the services of financial institutions such as banks, the "Guiding Opinions" pay attention to the changes brought about by the development of financial formats and professional division of labor, and strengthen the awareness of active management of financial institutions such as banks.
For financial service outsourcing, it is required to list price terms in the outsourcing service agreement, and the outsourcing service provider is prohibited from charging the customer for the fee related to the outsourcing service.
For financial business cooperation, it is required to understand the service content and price standards of the cooperative institution, stipulate the price information disclosure requirements in the cooperation agreement, and prohibit the cooperative institution from charging any fees to customers in the name of a bank or other financial institution.
Encourage the initiative to benefit the enterprise and the people.
The "Guiding Opinions" encourages banks and other financial institutions to implement the policies of financial support for the real economy and reduction of fees and profits, actively perform social responsibilities, appropriately reduce or exempt basic banking service fees for specific groups such as the elderly and the disabled, and provide financial support to small and micro enterprises, individual industrial and commercial households and other market players implement differentiated pricing and service discounts, reasonably determine service prices in the field of special funds to support and guarantee services, moderately reduce fees for service items such as account management and maintenance, low-frequency and low-input, and share the development achievements of the banking industry with enterprises and the public.
Draw five regulatory red lines.
The Guiding Opinions put forward prohibitive requirements for unfair competition in the field of market regulation, inconsistencies in the quality and price of financing-related services, too large pricing ranges, too high a price increase for the introduction of external services, and repeated charges.
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