2025年四季度金融行业监管政策与处罚分析

Core Viewpoint - In the fourth quarter of 2025, financial regulatory agencies are enhancing governance in the financial industry, deepening compliance management requirements, and issuing a series of industry regulations, normative documents, and self-regulatory norms to assist financial institutions in understanding regulatory dynamics and improving compliance efficiency [2]. Regulatory Policies Summary General Regulatory Policies - A series of policies have been released by various regulatory bodies including the Financial Regulatory Administration, the China Securities Regulatory Commission (CSRC), and the People's Bank of China (PBOC) to strengthen compliance and governance in the financial sector [2]. Banking Sector - The CSRC and PBOC issued the "Corporate Governance Guidelines for Listed Companies (Revised in October 2025)" and "Interbank Market Brokerage Business Management Measures" on October 16, 2025, effective January 1, 2026 [3]. - The State-owned Assets Supervision and Administration Commission (SASAC) released the "Implementation Measures for Accountability of Central Enterprises for Violating Business Investment" on November 28, 2025, effective January 1, 2026 [3]. Insurance Sector - The "Notice on Matters Related to the Release and Use of the 'Life Table for the Chinese Life Insurance Industry (2025)'" was issued on October 15, 2025, effective January 1, 2026 [3]. - The "Notice on Adjusting Risk Factors Related to Insurance Companies' Business" was released on December 1, 2025, effective the same day [3]. Securities Sector - The CSRC published the "Securities Settlement Risk Fund Management Measures (Revised in 2025)" on November 1, 2025, effective December 8, 2025 [3]. - The China Securities Industry Association (CSIA) announced the "Concentration Decision on Modifying Certain Self-Regulatory Rules" on October 26, 2025, effective the same day [3]. Anti-Money Laundering - The PBOC issued the "Guidelines for Financial Institutions' Self-Assessment of Money Laundering Risks" on October 17, 2025, effective November 1, 2025 [3]. - The PBOC also released a notice on October 20, 2025, regarding the implementation of the "Supervision Measures for Anti-Money Laundering and Anti-Terrorist Financing by Financial Institutions," effective December 1, 2025 [3]. Other Financial Institutions - The PBOC published the "Classification and Rating Management Measures for Non-Bank Payment Institutions" on December 24, 2025, effective February 1, 2026 [3]. - The Financial Regulatory Administration issued the "Asset Management Trust Management Measures (Draft for Comments)" on October 31, 2025 [3].