Risk assessment report
Bohai Automotive Systems Co.Ltd(600960) (hereinafter referred to as "the company") inspected the business license of enterprise legal person and financial license of BAIC Motor Corporation Finance Co., Ltd. (hereinafter referred to as "the finance company") and reviewed the balance sheet, income statement The regular financial report of the financial company, including the cash flow statement, evaluates the business qualification, business and risk status of the financial company. The specific situation is reported as follows: I. Basic information of the financial company (I) basic information
The finance company was established with the approval of the regulatory authority on November 9, 2011. The enterprise type is a limited liability company. It is a non bank financial institution approved by the CBRC. Legal representative: Zhu Zhenghua; Registered address: floor 17-19, block g, building 4, yard 6, East Road of Automobile Museum, Fengtai District, Beijing; The registered capital of the finance company is 500 million yuan. Financial license institution code: l0135h21 Ping An Bank Co.Ltd(000001) ; Unified social credit Code: 9111 Shenzhen Seg Co.Ltd(000058) 580691147. (II) ownership structure information
No. shareholder name contribution amount (10000 yuan) shareholding ratio (%)
1 BAIC Motor Group Co., Ltd. 28000000 56
2 BAIC motor Investment Co., Ltd. 10000000 20
3 Beiqi Foton Motor Co.Ltd(600166) 70,000.00 14
4 Beijing Hainachuan Auto Parts Co., Ltd. 5000000 10
Total 50000000 100
(III) business scope
Operate the following domestic and foreign currency businesses: (I) handle financial and financing consulting, credit assurance and related consulting and agency businesses for member units; (II) assist member units to realize the receipt and payment of transaction funds; (III) approved insurance agency business; (IV) providing guarantee to member units; (V) handling entrusted loans between member units; (VI) handle bill acceptance and discount for member units; (VII) handle the internal transfer settlement between member units and the corresponding settlement and clearing scheme design; (VIII) absorbing deposits from member units; (IX) handle loans and financial leases for member units; (x) engaging in interbank lending; （11） Underwriting corporate bonds of member units; （12） Consumer credit, buyer's credit and financial leasing of products of member units; （13） Securities investment (except stocks and trust investment). (market entities shall independently choose business projects and carry out business activities according to law; projects that must be approved according to law shall carry out business activities according to the approved contents after being approved by relevant departments; they shall not engage in business activities of projects prohibited and restricted by national and municipal industrial policies.) 2、 Basic information of risk management of financial companies (I) risk management environment
The finance company has established the board of shareholders, the board of directors and the board of supervisors in accordance with the provisions of the articles of association of BAIC Finance Co., Ltd., and has clearly stipulated the responsibilities of the board of directors, directors, supervisors and senior managers in risk management. The financial company has sound governance structure, standardized management and operation, and established an organizational structure with reasonable division of labor, clear responsibilities, mutual checks and balances and clear reporting relationship, which provides necessary preconditions for the effectiveness of risk management. The financial company has set up the organizational structure according to the principle of mutual checks and balances among decision-making system, execution system and supervision and feedback system.
The organization chart is as follows:
Board of directors: responsible for making decisions, establishing and maintaining the sound and effective risk management system (including the organizational system framework and policy system framework of risk management) and basic principles of the financial company; Be responsible for determining the tolerable level of credit risk, market risk, liquidity risk, operational risk, compliance risk, reputation risk and other risks of the financial company, and the basis and method for determining the tolerable level of the above risks.
Board of supervisors: responsible for supervising the board of directors and senior managers to improve the risk management and internal control system; Supervise the board of directors and senior managers to perform their responsibilities of risk management and internal control; Be responsible for questioning the behavior of the board of directors and senior managers who neglect to perform the functions of risk management and internal control; Be responsible for requiring directors and senior managers to correct their violations of internal control requirements, and implement accountability according to specified procedures.
Compliance and risk control committee: the compliance and risk control committee is a special committee under the board of directors, which is responsible to the board of directors and makes decisions on professional matters according to the authorization of the board of directors. The main responsibilities include studying and proposing the risk management policy suggestions of the financial company, approving the risk management strategy and basic policies of the financial company within the scope of authorization, and supervising and inspecting the implementation of relevant policies; Supervise the senior management's control of various types of risks such as credit risk, liquidity risk, market risk, operational risk, compliance risk and reputation risk, review the risk status report of the financial company, regularly evaluate the risk policy, management status and risk tolerance of the financial company, and put forward opinions on improving risk management and internal control; Guide and supervise the asset risk classification of the financial company, approve the asset risk classification results, put forward suggestions on improving risk management, and ensure that the risks faced by various businesses of the financial company are controlled within an acceptable range; Urge the senior management and all departments of the finance company to take necessary measures to effectively identify, evaluate, monitor, control and mitigate risks; Supervise the implementation of relevant risk management and legal compliance matters deliberated and decided by the board of directors; Other matters authorized by the board of directors.
Audit Committee: the audit committee is a special working organization under the board of directors. Its main work is to be responsible for the communication, supervision and verification of the company's internal and external audit, evaluate the quality of the company's financial information, the effectiveness of internal control and risk management level through the audit, and provide targeted suggestions to the board of directors.
Establish and improve the company's internal risk management organization and ensure the effective performance of relevant risks; Be responsible for formulating the risk management policies, measures and plans of the finance company and submitting them to the board of directors for approval; Supervise and evaluate the construction and operation of the risk management system of the financial company; Establish the authorization system of the finance company; Be responsible for organizing the establishment of a scientific and effective incentive and restraint mechanism, and cultivating a good financial corporate spirit and risk management culture.
Risk Management Committee: the risk management committee is the credit risk, operational risk and compliance risk management organization of the financial company under the senior management. In terms of the daily management of the above risks, it is responsible for reviewing the annual work objectives of risk management, asset quality control objectives, investment direction of credit business, risk control strategies and key promotion measures; Organize and promote the implementation and continuous improvement of credit risk, operational risk (including internal control) and compliance risk (including case prevention) management policies, systems and procedures; Review the post credit management and risk limit management, guide and supervise the implementation of post credit management and risk limit management system, and organize the formulation and implementation of disposal plans for major risk events within the scope of authority; Scientifically divide the operational risk responsibilities of various products; Regularly listen to the reports on the management of credit risk, operational risk (including internal control) and compliance risk (including case prevention) of each department of the finance company; Regularly report the management of the company's credit risk, operational risk (including internal control) and compliance risk (including case prevention) to the senior management and the board of directors.
Credit review committee: the credit review committee is the highest credit approval authority under the senior management of the finance company, which is responsible for reviewing the credit business within its authority. Be responsible for implementing the suggestions and opinions put forward by the board of directors, the board of supervisors and their subordinate professional committees; Approve or review the on balance sheet and off balance sheet credit businesses submitted by the business handling department, including but not limited to loans, acceptance, discount, interbank deposits, guarantees and other credit businesses, and be responsible for the quality of the approval in accordance with the national economic and financial laws and regulations, industrial policies and various rules and regulations of our company; Provide guidance on the approval procedures of credit business, the quality and form of submitted materials, the risk monitoring and management of credit units, and other relevant matters.
Investment decision-making committee: the investment decision-making committee is a decision-making support organization set up under the senior management of the finance company to review the securities investment business and the equity investment business of financial institutions. According to the relevant national policies, laws, regulations and regulatory requirements, combined with the requirements of the strategic development plan, comprehensive risk management and annual investment plan of the finance company, the investment decision-making committee carefully examines and approves the proposals of investment projects to promote the sustainable development of investment business Steady and effective development.
Risk management and legal compliance department: formulate the company's risk, legal and compliance development plan and annual plan according to the company's business development strategy. According to the company's policy requirements, formulate the company's risk, legal and compliance management system and operation process, implement and continuously improve it. Organize the implementation of the company's internal control and compliance management systems to ensure the effective implementation of the company's rules and regulations. Organize and carry out comprehensive risk management such as risk identification, assessment, monitoring and control of the financial company. Monitor the company's liquidity risk, operational risk, credit risk, market risk and compliance risk, and put forward risk management suggestions in time. Responsible for credit management, risk assessment of corporate credit, auto finance, retail credit, investment, bond issuance and other asset liability businesses, and approval within the scope of authorization. Be responsible for the classification and identification of the company's risk assets and the identification of provision for impairment of credit assets. Be responsible for the collection, sorting and reporting of the company's risk information. Organize the implementation and formulation of emergency plans for major operational risks and emergencies of the company. Centralized management of the company's non-performing assets. Daily work of compliance and risk control committee, credit review committee and operational risk committee. Organize and participate in the handling of non litigation legal affairs in accordance with the legal affairs management system. Participate in litigation, arbitration, administrative reconsideration, hearing and other activities of the company under the authorization of the company. Be responsible for the company's trademark, patent, copyright, business password protection, notarization, authentication and other relevant legal affairs. Organize and implement legal publicity, compliance education and legal training. Organize and carry out case prevention and control of the company. (II) risk identification, assessment and monitoring
The finance company has established a perfect hierarchical authorization management system. The division of responsibilities among departments and posts of the finance company is clear, and the reporting relationship at all levels is clear. Through the reasonable setting of departments and post responsibilities, a risk control mechanism of mutual supervision and restriction between departments and posts is formed. Each department of the finance company shall identify and evaluate the relevant business risks of the Department within its scope of responsibility according to the division of functions, and formulate their own different risk control systems, standardized operation processes and corresponding risk response measures according to the evaluation results. The finance company has completed the construction and optimization of risk assessment model, carried out self-assessment of operational risk and internal control, completed the construction of risk early warning system, and improved the efficiency, quality and technical level of risk identification and assessment, monitoring and reporting.
The finance company comprehensively uses on-site and off-site methods to monitor risks. In terms of on-site inspection and off-site inspection, a relatively perfect system and management system have been formed. (III) control activities 1. Settlement and fund management
In terms of settlement and fund management, the finance company has formulated business management measures and operation processes such as settlement business management measures, deposit business management measures, RMB settlement account management measures and interbank lending business management measures in accordance with various regulatory laws and regulations, so as to effectively control business risks.
(1) Centralized fund management and internal settlement business. According to the application of member units, the finance company shall open settlement accounts and various deposit accounts for member units after both parties sign the account management agreement to deposit the funds of each member unit. Member units can transfer funds by submitting transfer instructions through BAIC financial comprehensive service platform. BAIC financial comprehensive service platform has set strict access control measures and provided timely and detailed reconciliation services. Through information system control and sound system control, the finance company has effectively guaranteed the fund safety and settlement convenience of member units.
(2) Deposit business of member companies. The finance company shall strictly follow the principles of equality, voluntariness, fairness and good faith to handle deposit business for member units, and the relevant policies shall be implemented in strict accordance with the relevant provisions of the people's Bank of China and the CBRC, so as to fully ensure the safety of the funds of member units and safeguard the legitimate rights and interests of all parties.
(3) Liquidity management. The finance company carries out asset liability management in strict accordance with the relevant provisions of the measures for the management of enterprise group finance companies, and ensures the safety, efficiency and liquidity of the finance company's funds through the formulation and implementation of strict fund management plans.
(4) Financing. At present, the company is financing through inter-bank repo and inter-bank borrowing. 2. Credit management
The finance company has established a credit management system with clear division of responsibilities, separation of loan review and mutual supervision and restriction between the front and back. In order to effectively control credit risk, the risk management committee under the management of the finance company is responsible for reviewing and approving the credit plan, comprehensive credit, project loan and other projects of the finance company within the scope of authorization; Financial corporate business sector is responsible for top note investigation, loan management and loan collection. The settlement department is responsible for the issuance of credit funds. According to the characteristics of the group's credit business, the finance company has formulated rules and regulations on the group's credit customer credit business, bill business, guarantee business, entrusted loan business, asset risk classification and so on.
The scope of business of the company shall comply with the financial management measures of the enterprise group. In accordance with the requirements of the Interim Measures for the administration of working capital loans and other regulatory regulations issued by the China Banking and Insurance Regulatory Commission, the finance company monitors the use of credit funds, interest collection, extended loans, overdue loans, etc., checks the safety and recoverability of credit assets after loans, classifies the risk of credit assets regularly according to the relevant provisions on the risk classification of credit assets, and withdraws the provision for loan losses according to the degree of loan losses. The quality of credit assets of the finance company is good and the provision coverage is sufficient. 3. Information system control
The information technology risk management of the financial company is completely in line with the construction standards of commercial banks. Up to now, the systems that have been put into use include core business system, credit business system, bill business system, enterprise online banking system, comprehensive business platform, electronic signature system, electronic contract platform, optical character recognition (OCR), auto finance consumer credit approval system, auto finance consumer credit contract management system, auto finance financial leasing system, image platform, fraud detection system, scorecard model Auto finance application automatic approval system, third-party data platform, regulatory report system, business report system, East, financial general ledger system and personal credit inquiry system
