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Preparation for the establishment of Qianhai Local Financial Supervision Bureau

Preparations for the establishment of Qianhai Local Financial Supervision Bureau yesterday,The Shenzhen delegation held a group meeting at the fifth session of the 12th Provincial People's Congress to review the work report of the Standing Committee of the Provincial People's Congress.。“The current financial supervision model in our country is separate supervision.,The corresponding financial business format is separate operations。However, the financial industry has already taken the form of mixed operation.,This requires the regulatory model to move further towards reality。

"Representative Lin Na of the Shenzhen delegation comes from the financial industry.,She submits suggestions to the General Assembly,Give full play to the Qianhai system

Advantages

,Explore pilot comprehensive financial regulatory reforms,Preparation for the establishment of Qianhai Local Financial Supervision Bureau。one、Using special zone legislation to clarify the functions of the Qianhai Local Financial Supervision Bureau, why is it proposed to establish a comprehensive regulatory system?

Representative Lin Na said,With the continuous advancement of financial innovation,A wide variety of financial products are launched on the market,The financial system cannot follow product innovation and market development,It is impossible to effectively supervise financial markets,And will cause systemic financial market risks。2014my country's financial market showed abnormal changes at the end of the year,2025The dramatic changes in the stock market and the abnormalities in the capital market in 2016 have exposed certain problems in the current financial regulatory system.。

“Qianhai has a complete range of financial services,Many financial innovations,There are various financial and quasi-financial institutions,Therefore, I suggest that the comprehensive supervision system should first be tested in Qianhai.。"Representative Lin Na suggested,Integrate Shenzhen Financial Office、Municipal Supervisory Committee、public security bureau、Relevant management functions of the Free Trade Zone Management Committee and other departments,Formation of Qianhai Local Financial Supervision Bureau,Centralize the exercise of local financial management functions,At the same time, through joint office form,Achieve coordination between central and local financial supervision。

Lin Na thinks,To make this comprehensive regulatory system work,,The most important thing is to have national support,Legislated by Shenzhen with the legislative power of the special zone,Clarify the supervisory functions of the Comprehensive Financial Supervision Bureau over various stakeholder financial activities that are currently outside the scope of central financial supervision.,Including various investment enterprises involved in fund raising activities、Internet finance、Financing guarantee, etc.。

two、Create the country's first cross-border M&A center targeting specific financial innovation businesses in Qianhai,Representative Lin Na suggested during the review,Taking Qianhai Equity Trading Center as the platform、Based on high-tech industry,Create the country’s first cross-border M&A center,Introduce overseas funds and enterprises,Support the growth of innovative and entrepreneurial enterprises through mergers and acquisitions。In particular, the Qianhai Equity Exchange Center has added a Hong Kong enterprise board to the existing international board.,Attract Hong Kong companies to list。

Cross-border RMB loans are a highlight of Qianhai’s financial innovation。Representative Lin Na made further suggestions on this,Innovative offshore financial services,Relying on the cross-border RMB business pilot,Expand the scope and quota of RMB loans。Actively develop offshore RMB financial products targeting Hong Kong investors,Expand channels for Hong Kong institutions and residents to invest in domestic RMB-denominated financial products,It also effectively utilizes the RMB funds accumulated in the offshore market.。

“The entry threshold for Qianhai’s financial industry is now relatively high in some parts.。For example, the asset threshold for Hong Kong’s insurance industry is 5 billion.,Working experience is 30 years,We think this threshold should be lowered,Expand opening up to Hong Kong’s insurance industry。

"Representative Lin Na said,Qianhai should give full play to the financial industry and try it out first

Advantages

,Study and formulate a negative list for Qianhai’s financial industry,Promote the financial services industry to meet qualified private capital、Overseas institutions expand opening up,In particular, we support qualified private capital to establish private banks in accordance with the law.、leasing company、finance company、Financial institutions such as automobile finance companies and consumer finance companies。

On the other hand, it is also necessary to reduce the requirements for investor qualification assets

Require

、Share ratio limit、Business restrictions and other access restrictions,Expand openness。


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