In order to continue to play a role in deterring and punishing, and further regulate the behavior of shareholders of banking and insurance institutions, on May 31, the China Banking and Insurance Regulatory Commission released the fifth batch of 43 shareholders with major violations of laws and regulations to the public.(A list is attached at the end of the article)
The China Banking and Insurance Regulatory Commission stated that this disclosure adheres to the principle of compliance with laws and regulations, and based on the recent law enforcement situation, it will resolutely disclose shareholders with serious violations of laws and regulations and bad social impact.The illegal behaviors of shareholders announced this time mainly include: the source of the capital investment does not comply with the regulatory requirements; illegal holding of shares in banking and insurance institutions; concealing related relationships; illegally conducting related transactions; , occupying funds; illegally pledged the equity held for financing; illegally arranging personnel who have not been approved for their job qualifications to actually perform their duties as directors and executives; refusing to make rectifications in accordance with regulatory opinions;
It is reported that violations of shareholder equity and related party transactions are the main manifestations of market chaos in the banking and insurance industry, and are one of the important sources of financial risks.In recent years, the China Banking and Insurance Regulatory Commission has made great efforts to rectify the violation of stock rights in the banking and insurance industry, seriously investigated and dealt with a number of cases of stock violations, and punished illegal and illegal shareholders in accordance with the law, which has formed an effective deterrent to the market.Since 2019, the China Banking and Insurance Regulatory Commission has disclosed to the public 81 shareholders with major violations of laws and regulations in banking and insurance institutions, which has played a good role in strengthening market discipline and strengthening market supervision.
In the next step, the China Banking and Insurance Regulatory Commission will continue to strengthen supervision, improve the shareholder supervision system and mechanism, strictly enforce shareholder access, tighten shareholder responsibilities, strengthen shareholder restraint, optimize equity structure, and severely crack down on illegal shareholding, manipulation of institutions to operate normally, and use of affiliated transactions. Carry out profit transfer and other prominent chaos, increase the education, punishment and public disclosure of illegal shareholders, further increase the cost of illegal and illegal shareholders, effectively improve the corporate governance level of banking and insurance institutions, and enhance the ability to prevent and resolve financial risks.
