Shanghai Free Trade Zone Will Introduce Finance 50

Recently, Shanghai is coordinating the relevant departments of "one line and three meetings", and formulating a plan of linkage between Shanghai free trade area and Shanghai international financial center. The content is about 50, striving for the introduction as soon as possible.

According to the report of surging news on March 17th, the plan mainly consists of five aspects, namely, accelerating the first trial of RMB capital account convertibility, expanding the cross border use of RMB, expanding the financial industry's opening to the outside world, building an international financial market, and improving financial supervision.

For the RMB capital account convertibility pilot, for the RMB business of free trade (FT) account, the regulatory authorities have carried out two rounds of evaluation.

In the Shanghai free trade area, the pilot scheme for personal overseas investment is launched.

For example, after this pilot, Chinese individual investors will not have to bypass the related financial products such as banks and funds if they want to invest in offshore markets.

To further expand the cross border use of RMB, we should pay equal attention to trade, financial investment and industrial investment.

For example, allow foreign enterprises to

RMB bonds issued by the free trade area are used for expansion of regional and overseas businesses.

We will continue to expand the financial services sector to the outside world.

At present, the private Huarui bank has settled in the Shanghai free trade area.

In the future, Shanghai will also strive to set up two to three private banks with furniture features and unique business models.

With the expansion of the FTA, Waigaoqiao, Lujiazui,

Other regions will also benefit.

In addition, in April, we sought to launch the "four new boards" at the Shanghai Equity Trust Center to solve the financing difficulties of small and medium-sized technology enterprises.

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Last Wednesday, the CBRC's Inclusive Finance Department convened the provincial financial offices and trade associations of several major P2P regions such as Beijing, Shanghai, Guangdong and Zhejiang to convene closed door discussions on P2P regulatory detailed rules.

"A complete regulatory document has been placed before the participants."

People familiar with the matter told reporters in Nandu that due to the relatively complete rules of documents, the possibility of launching in the first half of the year is expected to be larger.

According to its disclosure, at the end of last year, the risk events of P2P platform accelerated everywhere, especially some larger platforms also exposed problems, to a certain extent, accelerated the time when the banking regulatory authorities issued regulatory detailed rules.

It is reported that before that, supervision has revealed the idea of P2P supervision on different occasions.

For example, we must clarify the nature of termination, not set up a pool of funds, must have certain technical capability, clear financial constraint mechanism, and strengthen information disclosure.

A person close to the regulation told reporters in Nandu: "relative to previous principles, this provision is more specific and at the same time requires higher regulatory requirements than market expectations."

According to people familiar with the matter, for example, on the threshold of P2P regulation, the entry threshold is 3 registered capital of 30 million yuan.

In terms of executives, a platform executive must have experience in banking or related finance.

In addition, it also requires the P2P platform to meet certain technical standards.

In addition to the above rules, people familiar with the matter told reporters that the meeting will take a relatively high standard of supervision for P2P, and it will also be leveraged to P2P.

"The provisions only write out the requirement of lever restriction for P2P, and do not specify how many times the specific leverage is."

A close to the regulator told reporters in Nandu, but at the meeting, regulators suggested that they should refer to the current leverage limit of 10 times.

In addition to leverage constraints, the regulation also requires a single borrower and a single investor to borrow and invest in a platform.

"Management mentality is similar to the supervision of banks."

People familiar with the matter said they also demanded that the platform regularly disclose details of specific pactions to regulators.

Nandu journalists statistics, if the current discussion of the 10 times leverage restrictions, the larger platforms are almost no longer meet the requirements.

According to data from yesterday's home loan network, Lu Jin's registered capital was 836 million yuan, and its accumulated amount was 11 billion 125 million yuan, and the amount to be collected was 13.3 times the registered capital.

The biggest difference is Hongling venture capital, whose registered capital is 50 million yuan, but the amount to be collected is 11 billion 807 million yuan, and the multiple is nearly 236 times.