Shanghai Banking and Insurance Regulatory Bureau: resolutely prevent the disorderly expansion of capital in the financial field

According to the website of Shanghai Banking and Insurance Regulatory Bureau, on January 26, Shanghai Banking and insurance regulatory bureau held the 2022 working conference, the conference on comprehensively administering the party strictly and building a clean and honest government and ideological and political work, deeply studied and implemented the spirit of the 2022 working conference of China Banking and Insurance Regulatory Commission, the conference on comprehensively administering the party strictly and building a clean and honest government and discipline inspection and supervision, and summarized the supervision of the Bank Of Shanghai Co.Ltd(601229) insurance industry in 2021, Analyze the current economic and financial situation and deploy the key work in 2022.

The meeting stressed the need to serve the steady and healthy operation of the real economy. deepen the structural reform of the financial supply side and reasonably increase the financing supply around the “six stabilities” and “six guarantees”. Serve the “three tasks and one platform”, build Pudong into a leading area for socialist modernization, and help Shanghai further improve its “five oriented economy”, “four functions” and “3 + 6” industrial system. We will guide innovative products and services in the fields of science and technology finance, industrial finance and green finance, connect the old and new drivers, and transform financial needs. Deeply implement the important concept of people’s city, strengthen financial services on livelihood issues such as improving living quality, strengthening insurance function, optimizing education system and helping “new citizens” live and work in peace and contentment, and continue to deepen the “whole process financial consumer rights and interests protection system”.

the meeting called for constant prevention and resolution of financial risks. grasp the timing, rhythm and intensity of risk resolution, and resolutely prevent the risk of risk disposal. Continue to strengthen the disposal of non-performing assets. Adhere to the positioning of “housing without speculation” and maintain the stable and healthy operation of Shanghai real estate market. Orderly promote the disposal of high-risk institutions. We will strengthen corporate governance of corporate bodies and give full play to the leading and political core role of Party organizations. resolutely prevent the disorderly expansion of capital in the financial field.

The meeting pointed out that we should continue to deepen the reform and opening up of the banking and insurance industry. grasp the principles of socialist political economy with Chinese characteristics, strengthen the construction of Shanghai international financial center, implement the general requirements of high-level opening to the outside world, find the right way, and promote the opening-up of financial system first. We will continue to increase the concentration of institutions, constantly enrich the types of institutions and enhance the functions of headquarters, actively introduce financial institutions with excellent qualifications and professional characteristics, and help the construction of Shanghai Global Asset Management Center. We will continue to optimize the business environment, continue to implement and deepen the reform task of “one network access”, promote the digital transformation of banking and insurance institutions, and guide institutions to identify their positioning, return to their origin and transform and develop.

the meeting called for strengthening the construction of regulatory capacity and improving the ability of administration according to law. consolidate the coordination mechanism between institutional supervision and functional supervision, improve the supervision level of science and technology empowerment, and promote the application of digitization in the whole process of supervision and internal management. Release the bonus of banking and insurance regulatory reform, and strive to promote the high-quality integrated development of banking and insurance industry through regulatory integration. Firmly establish the concept of the rule of law, and use the rule of law to deepen reform, promote development, resolve contradictions and deal with risks.

the meeting pointed out that we should make unremitting efforts to promote the comprehensive and strict governance of the party in depth. turn the support for “two establishment” into practical action to achieve “two maintenance”, and always ensure the correct political direction of the reform and development of Bank Of Shanghai Co.Ltd(601229) insurance industry. Fully implement the party’s organizational line in the new era and continuously optimize the cadre team. Carry out warning education on “treating two cases together”, take the case as a mirror, promote reform and governance with the case. We will continue to strengthen the spiritual dyke stipulated in the eight items of the central government, and adhere to correcting the “four winds” and building new ones at the same time. Strengthen the construction of clean financial culture and consolidate the regulatory relationship between “pro” and “clean”.

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