金融监管总局发文强化风险管理 加强地方资产管理公司监管

Core Viewpoint - The Financial Regulatory Bureau has issued the "Interim Measures for the Supervision and Administration of Local Asset Management Companies" to enhance supervision and promote healthy industry development, aiming to mitigate regional financial and real economy risks [3][4]. Group 1: Regulatory Requirements - Local asset management companies are required to limit their investment balances in equity and debt for a single client or group client to no more than 10% and 15% of their net assets, respectively [3]. - The measures specify liquidity risk management, mandating that the quality liquid assets held by local asset management companies must not be less than the net cash outflow expected in the next 30 days [3]. - The regulation also sets limits on related party transactions, stating that the total debt balance owed to all related parties cannot exceed 50% of the company's net assets at the end of the previous quarter [3]. Group 2: Business Scope and Conduct - The measures define the business scope, business ratios, operational areas, and types of assets that local asset management companies can acquire, encouraging them to focus on their primary responsibilities and effectively serve local needs [3]. - The regulation outlines the proper conduct for handling non-performing assets, including debt recovery and external transfer processes [3]. - It prohibits local asset management companies from engaging in practices such as guaranteed principal returns, fixed income commitments, or concealing non-performing assets through false off-balance-sheet transactions [3]. Group 3: Regulatory Responsibilities - Provincial-level local financial management institutions are assigned overall responsibility for the supervision and risk management of local asset management companies within their jurisdictions [4]. - The Financial Regulatory Bureau and its local branches are tasked with enhancing information sharing and collaboration with local authorities to guide the industry towards standardized and healthy development [4].