中国人民银行和中国证监会近日出台政策 完善金融基础设施监督管理

Core Viewpoint - The People's Bank of China and the China Securities Regulatory Commission have issued the "Financial Infrastructure Supervision and Management Measures," effective from October 1, 2023, to enhance the regulatory framework for financial infrastructure and mitigate systemic risks [1][2]. Summary by Relevant Sections Regulatory Framework - The new measures unify the regulation of six types of financial infrastructure, clarifying regulatory responsibilities and enhancing oversight in risk management, corporate governance, and operational requirements [2][3]. - The introduction of "systemically important financial infrastructure" and its recognition standards marks a significant step in establishing a centralized regulatory approach, with the People's Bank of China responsible for macro-prudential management [2]. Impact on Financial Market - Short-term effects include the standardization and upgrade of core processes such as clearing, settlement, and registration, which will enhance market transparency and efficiency [2]. - Long-term implications involve providing technical support for cross-border financial cooperation and the internationalization of the Renminbi, thereby increasing China's influence in global financial rule-making [2]. Compliance and Operational Standards - Financial infrastructure operators are required to operate with licenses, and illegal establishment or provision of financial infrastructure services is prohibited [3]. - The measures outline comprehensive regulations from institutional entry to daily operations and supervision, ensuring compliance and stability in financial infrastructure operations [3]. Future Directions - The People's Bank of China plans to continue strengthening the construction and coordinated regulation of financial infrastructure, aiming to create a rationally structured, effectively governed, and resilient financial infrastructure system to support the development of a strong financial nation [3].