Business rules for financial leasing companies Cross-border RMB settlement in free trade zones

Financial leasing companies should formulate related party transaction management systems，Specific content should include：

1. Supervision and management of related-party transactions by the board of directors or operating decision-making body；
2. Responsibilities and composition of the Related Party Transaction Control Committee；
3. Information collection and management of related parties；
4. Related Party Reports and Commitments、Identification and confirmation system；
5. Types and pricing policies of related party transactions、Approval procedures and standards；
6. avoidance system；
7. Internal audit supervision；
8. Information disclosure；
9. Punishment measures；
10. Banking Regulatory Commission

Require

Other content of。

As of the end of October，103 new licensed financial institutions approved by the Bank of China and the Three Commissions were established in the area.，Among them, there are 22 branches of Chinese banks，23 foreign bank branches，6 non-bank financial institutions approved by the China Banking Regulatory Commission，14 insurance company branches and reinvestment projects，17 financial institutions and reinvestment projects approved by the China Securities Regulatory Commission，2 trading platforms，22 payment and settlement institutions，540 financial institutions，336 financial information service institutions，2,506 investment and asset management companies。

The above 3488 companies，All are engaged in finance and quasi-finance related industries。These investment institutions are related to the characteristics and characteristics of the free trade pilot zone.

Advantages

combine，Actively develop financial innovation business。

As of the end of October，A total of 103 cross-border RMB overseas borrowings occurred in the free trade zone.，The cumulative amount is

1. 34billion，66Companies participated in the cross-border two-way RMB capital pool pilot，The total revenue and expenditure of the fund pool is approximately
2. 9billion，Cross-border RMB current account settlement within the region
3. 13billion，Settlement under direct investment
4. 5billion，The total cross-border RMB settlement amount in the free trade zone exceeds
5. 76billion。

These were basically formed after the FT account was established on June 18.。That is to say，In just half a year，The total amount of financial innovation exceeds more than 200 billion US dollars，Increased year-on-year

1. 5times，Accounting for 17% of the entire Shanghai city。10 banks that have passed the acceptance of the separate accounting system，A total of 6,011 free trade accounts were opened，The account deposit amount exceeds
2. 4billion。

Based on the above support policy，After the listing of Shanghai Free Trade Zone，Financial leasing is one of the most popular industries in the region，Attention from investors，On average, more than 10 new companies are added every month，Gather quickly in the area，In the past two months, about 30 new companies have been added each month。

Next step，The Shanghai Free Trade Zone will proceed from the following aspects:，Continue to attract domestic and foreign financial leasing companies to settle in，Form a more concentrated industrial scale，Form an industrial environment more conducive to the development of the financial leasing industry。

one、Accelerate the implementation of the overall plan，We will speed up the implementation of the financial leasing policies involved in the overall plan as soon as possible，In particular, it actively promotes financial management departments to refine free trade accounts.、Cross-border RMB settlement and other related financial support policies、Innovative measures and implementation details，Quickly organize financial leasing companies in the area to take the lead in launching pilot projects，and form a diversified financing model that can be replicated and promoted as soon as possible。For details, please consult Shenzhen Hong Kong Xintong-。

About Hong Kong Xintong

Hong Kong Xintong focuses onGuangdong and Hong Kong license plates、Shenzhen Hazardous Chemicals Business License、Shenzhen labor dispatch licenseandShenzhen Charity Foundationapplication services，Assist customers to applyShenzhen travel agency business license、Shenzhen pawn shop business license、Shenzhen auction house license and other mainstream domestic financial licenses，Support enterprises to achieve compliance expansion of cross-border financial business。Also availableODI overseas investment registration、International travel agency registration and other services，Help enterprises expand their presence in international markets。Provide one-stop compliance solutions for enterprises。To learn more，Please contactHong Kong Information Communications Consultant。