(Original title: State Administration of Financial Supervision and Administration: Cancellation of administrative licenses for financial asset management companies, financial leasing companies and their domestic professional subsidiaries, consumer finance companies, and auto finance companies to issue non-capital bonds and change to a reporting system)
Securities Times News, the State Administration of Financial Supervision and Administration answered reporters’ questions on the “Implementation Measures for Administrative Licensing Items of Non-banking Financial Institutions (Draft for Comment)”. The “Draft for Comments” cancels the administrative license for financial asset management companies, financial leasing companies and their domestic professional subsidiaries, consumer finance companies, and auto finance companies to issue non-capital bonds, and changes it to a reporting system. Clarify the issuance mechanism of capital bonds, that is, institutions can independently determine the specific instrument type, issuance time, batch and scale within the approved amount, and complete the issuance within 24 months after approval. Cancellation of the qualification verification items for the person in charge of the financial department and the person in charge of the internal audit department of the financial asset management company, and change it to a reporting system.
2023-07-21 09:20:00
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