The General Administration of Financial Supervision, the People's Bank of China, the China Securities Regulatory Commission, and the Ministry of Finance recently jointly issued the “Implementation Opinions on Improving the Governance of Financial Institutions”, which proposed 22 measures. The “Implementation Opinions” are clear to enhance the effectiveness of supervision. Strictly control directors and senior management to improve their professional conduct and professionalism. Strictly prevent illegal offenders from “moving sick” within the financial industry. Strengthen inspection and inspection efforts, severely punish financial institutions, shareholders, actual controllers, directors, senior managers, financial practitioners, etc. that violate laws and regulations, severely punish acts such as illegal occupation of funds, illegal financing or guarantees, and illegal transfer of assets, promptly hand over illegal illegal leads from accounting firms and other intermediaries to industry authorities, and carry out lifelong accountability for major issues according to law and regulations. Promote state-owned financial institutions to improve supervisory systems that are led by internal Party supervision and are integrated and coordinated, such as funder supervision, audit supervision, and democratic supervision of employees. Strengthen “supervision of supervision” and improve and implement supervisory and accountability mechanisms.

The General Administration of Financial Supervision, the People's Bank of China, the China Securities Regulatory Commission, and the Ministry of Finance recently jointly issued the “Implementation Opinions on Improving the Governance of Financial Institutions”, which proposed 22 measures. The “Implementation Opinions” are clear to enhance the effectiveness of supervision. Strictly control directors and senior management to improve their professional conduct and professionalism. Strictly prevent illegal offenders from “moving sick” within the financial industry. Strengthen inspection and inspection efforts, severely punish financial institutions, shareholders, actual controllers, directors, senior managers, financial practitioners, etc. that violate laws and regulations, severely punish acts such as illegal occupation of funds, illegal financing or guarantees, and illegal transfer of assets, promptly hand over illegal illegal leads from accounting firms and other intermediaries to industry authorities, and carry out lifelong accountability for major issues according to law and regulations. Promote state-owned financial institutions to improve supervisory systems that are led by internal Party supervision and are integrated and coordinated, such as funder supervision, audit supervision, and democratic supervision of employees. Strengthen “supervision of supervision” and improve and implement supervisory and accountability mechanisms.