新华社北京12月5日电（记者张千千、李延霞）国家金融监督管理总局5日对外发布《金融租赁公司融资 租赁业务管理办法》，引导金融租赁公司聚焦主责主业，发挥特色金融功能，规范开展融资租赁业务， 提升服务实体经济高质量发展的能力和水平。 ...

12月5日金融一线消息，近日，金融监管总局制定发布了《金融租赁公司融资租赁业务管理办法》。为 规范售后回租业务经营行为，防范租赁物权属瑕疵、估值虚高等问题与风险，《办法》要求，在尽职调 查阶段，金融租赁公司须核实承租人对租赁物的所有权，做好租赁物价值评估管理，严禁低值高估；在 审查审批阶段，要求售后回租业务金额不得高于租赁物价值，并做好对租赁物适格性、所有权转移真实 性、承租人融资和租赁物使用需求真实性、合法性和合理性的审查；在合同执行阶段，要求金融租赁公 司重点做好资金用途监测和管理，防止资金挪用等问题。 责任编辑：王馨茹 12月5日金融一线消息，近日，金融监管总局制定发布了《金融租赁公司融资租赁业务管理办法》。为 规范售后回租业务经营行为，防范租赁物权属瑕疵、估值虚高等问题与风险，《办法》要求，在尽职调 查阶段，金融租赁公司须核实承租人对租赁物的所有权，做好租赁物价值评估管理，严禁低值高估；在 审查审批阶段，要求售后回租业务金额不得高于租赁物价值，并做好对租赁物适格性、所有权转移真实 性、承租人融资和租赁物使用需求真实性、合法性和合理性的审查；在合同执行阶段，要求金融租赁公 司重点做好资金用途监测和管理， ...

Core Points - The National Financial Supervision Administration has issued the "Management Measures for Financing Leasing Business of Financial Leasing Companies" to regulate the operations of financial leasing companies and mitigate operational risks, promoting high-quality industry development [1][2][3] Group 1: General Principles - The measures aim to standardize the operational behavior of financial leasing companies and prevent operational risks [2] - Financial leasing companies are defined as non-bank financial institutions primarily engaged in financing leasing business, approved by the National Financial Supervision Administration [2] - The financing leasing business can be categorized into direct leasing and sale-leaseback [2] Group 2: Due Diligence - Financial leasing companies must establish and regularly update management policies for the admission of leased assets and lessees based on national policies and their own risk preferences [5][6] - A due diligence system and management framework must be established to ensure the independence, authenticity, and effectiveness of due diligence operations [5][6] - Due diligence should involve objective and prudent investigations of leased assets, lessees, guarantors, and collateral to ensure the authenticity and controllability of financing leasing business [6][8] Group 3: Contractual Obligations - Financial leasing companies must sign written contracts with lessees and sellers, detailing essential information such as leased asset details, lease term, business amount, and payment methods [14][15] - The lease term should not exceed the remaining useful life of the leased asset [15][16] Group 4: Risk Management - Financial leasing companies are required to establish a risk management system that includes asset quality management and operational risk management [25][46] - Companies must conduct regular audits of their financing leasing business, ensuring compliance with regulations and addressing any identified issues [29][30] Group 5: Supervision and Compliance - Financial leasing companies must report relevant statistics and reports to the National Financial Supervision Administration, ensuring the accuracy and completeness of the information submitted [59][60] - The National Financial Supervision Administration has the authority to conduct on-site inspections and impose regulatory measures or administrative penalties for violations of these measures [62]

Core Viewpoint - The "2025 Financial Industry Related Party Transactions High-Quality Development Report" was released, highlighting the challenges and strategies for high-quality development in financial related party transactions in China, with a focus on the application of artificial intelligence in governance [1][3]. Group 1: Regulatory Context - The increasing complexity and concealment of related party transactions in China's financial sector necessitate enhanced identification, management, and regulation by financial institutions [3]. - The 2023 Central Financial Work Conference emphasized the need for comprehensive financial regulation to effectively prevent and mitigate financial risks, leading to new regulations from the National Financial Supervision Administration [3]. Group 2: Research Focus - The research led by Ping An Group addresses pain points in related party transaction management, proposing AI-driven intelligent solutions across three dimensions [3][4]. - The first dimension involves intelligent identification and dynamic management of related parties, utilizing multi-source data integration and advanced technologies to enhance accuracy and timeliness in identifying related entities [3][4]. Group 3: Intelligent Solutions - The second dimension focuses on fair pricing intelligent review and support, advocating for a standardized pricing database and AI technologies to automate the review of pricing fairness, thereby improving efficiency and quality [4]. - The third dimension emphasizes data statistics and intelligent analysis, introducing tools for automated data collection and reporting, which facilitate real-time decision-making and risk monitoring [4]. Group 4: Industry Implications - The research aligns with national regulatory directions and industry needs, showcasing a proactive shift from "passive compliance" to "active risk prevention" through the use of cutting-edge technology [4]. - Such explorations are expected to enhance the precision and automation of related party transaction management, significantly contributing to financial risk prevention and improving corporate governance effectiveness [4]. Group 5: Future Directions - Ping An Group plans to continue advancing the application of AI and other technological innovations in risk management and corporate governance, reinforcing the commitment to financial safety and supporting high-quality industry development [5].

Core Viewpoint - The article discusses the challenges and complexities faced by young individuals in opening overseas bank accounts, highlighting the increasing demand for such accounts due to higher interest rates and the need for cross-border transactions. It emphasizes the bureaucratic hurdles, financial implications, and emotional stress associated with the process, ultimately questioning the accessibility and practicality of these accounts for ordinary people [4][36]. Group 1: Demand for Overseas Accounts - The demand for overseas accounts has surged due to rising needs for cross-border transactions, investment opportunities, and higher interest rates on foreign currency deposits compared to domestic rates [4]. - The average processing time for opening personal overseas accounts in Hong Kong is currently one to three weeks, with some business accounts having a success rate as low as 30% [4]. Group 2: Personal Experiences and Challenges - Individuals like Yingjie, a single office worker, face significant hurdles in opening overseas accounts, including the need to provide substantial proof of assets and navigate complex banking requirements [6][35]. - Yingjie initially aimed to leverage the interest rate difference between domestic and overseas accounts, but encountered numerous obstacles, including high minimum balance requirements and management fees [9][14]. Group 3: Regulatory and Operational Hurdles - The article highlights the stringent regulatory environment that requires individuals to prove their financial legitimacy, often leading to account closures or restrictions due to inactivity or perceived risks [35][36]. - The complexities of the compliance system create a burden on ordinary users, who must navigate a maze of documentation and potential fees, raising questions about the fairness and transparency of the process [36]. Group 4: Emotional and Financial Impact - The emotional toll on individuals is significant, as they grapple with anxiety over financial security and the fear of losing access to their funds due to regulatory issues [10][17]. - The financial implications of maintaining an overseas account, including management fees and the risk of account closure, can outweigh the benefits of higher interest rates, leading to a sense of frustration and helplessness among users [14][25].

企业改制是优化市场资源配置、推动企业转型升级的重要举措。改制中，债权债务界定模糊、资产移交 不清等问题引发的纠纷，容易制约改制后的民营企业发展。王闯介绍，对此，人民法院既坚守权利义务 相一致的法律底线，又充分考虑企业改制的复杂性和历史特殊性，实现各方利益平衡。在本次发布 的"某资产管理公司河南分公司诉某商贸公司金融不良债权追偿纠纷案"中，人民法院梳理企业改制中的 债权债务关系，在确认原改制方案未完全履行、某商贸公司仅实际接收180余万元资产的基础上，再审 改判该公司在接受资产范围内承担连带责任。该案的审理，精准剥离了不应由民企承担的巨额债务，依 法妥善化解了困扰地方政府多年的历史遗留问题，助力民营企业卸下包袱再出发。 依法维护股东与公司之间财产相互独立、责任相互分离、产权结构明晰的现代企业产权结构，对稳定民 营企业和企业家的预期和信心具有重要意义。王闯介绍，一方面，人民法院严格遵循法人财产独立原 则，加强对控股股东、实际控制人行为的规范，依法追究控股股东、实际控制人实施关联交易"掏空"企 业、违规担保向企业转嫁风险等滥用支配地位行为的法律责任。另一方面，充分发挥股东有限责任风险 控制功能，依法维护诚信出资股东 ...

相关报告： 【山证非银行金融】券商并购重组再获 新进展，关注板块投资价值-【山证非银】 行 业 周 报 （ 20251117-20251121 ） 2025.11.26 【山证非银行金融】提升资本市场内在 稳定性，券商基本面持续向好-【山证非 银】行业周报（20251110-20251114）： 2025.11.18 分析师： 彭皓辰 执业登记编码：S0760525060001 邮箱：penghaochen@sxzq.com 刘丽 执业登记编码：S0760511050001 电话：0351--8686985 邮箱：liuli2@sxzq.com 孙田田 执业登记编码：S0760518030001 电话：0351-8686900 2025 年 12 月 3 日 行业研究/行业周报 非银行金融行业近一年市场表现 资料来源：最闻 非银行金融 行业周报（20251124-20251130） 领先大市-A(维持)) 监管持续完善，商业不动产 REITs 启动 投资要点 监管持续完善。中国证监会 11 月 28 日宣布，为进一步规范证 券期货市场监督管理措施的实施程序，研究起草了《证券期货市场 监督管理措施实施办法（征求 ...

云南金融监管部门重拳整治保险乱象。 2025年11月28日，云南金融监管局公开的《行政处罚信息公示列表》显示，云南3家金融机构及其相关 责任人员，因涉及违法违规行为被处罚。 年安保险销售服务有限公司及相关责任人，涉及"编制虚假财务资料、向未进行执业登记的业务人员支 付手续费"的主要违法违规行为，云南金融监管局作出以下行政处罚决定： 对年安保险销售服务有限公司警告并处罚款51万元； 撰文 | 金融研究员 今天我们一起来看金融监管部门的公开信息。 对年安保险销售服务有限公司云南省分公司责令在昆明五华区、盘龙区停止接受车险新业务3个月； 对吕瑾、王丽琼、李艳丰警告并罚款合计12万元； 对周世秀撤销任职资格。 中国太平洋财产保险股份有限公司昆明中心支公司、安宁支公司及相关责任人，涉及"编制虚假财务资 料、利用保险代理人虚构保险中介业务套取费用"的主要违法违规行为，云南金融监管局作出以下行政 处罚决定： 对中国太平洋财产保险股份有限公司昆明中心支公司及安宁支公司罚款49万元； 对范利坤、朱一凡、矣超警告并处罚款共计12万元。 诚泰财产保险股份有限公司及相关责任人，涉及"员工故意编造未曾发生的保险事故进行虚假理赔骗取 保 ...

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Core Viewpoint - The People's Bank of China has clarified that stablecoins are a form of virtual currency and do not have the same legal status as fiat currency, reinforcing a strict regulatory framework against virtual currencies and their related activities [1][4][13]. Regulatory Attitude - The regulation of virtual currencies and stablecoins in China has evolved gradually, forming a dynamic governance system that adapts to market developments [4][5]. - Key regulatory milestones include the 2013 notification that Bitcoin is not equivalent to currency, the 2017 prohibition of token issuance, and the 2021 notification that all virtual currency-related activities are illegal [5][6]. Recent Developments - The recent meeting emphasized the risks associated with stablecoins, including their potential use in money laundering and fraud, and the need for effective customer identity verification [1][9][11]. - The regulatory focus has intensified since 2025, with multiple agencies issuing risk warnings and the implementation of the Hong Kong Stablecoin Regulation [6][7]. Risk Considerations - Stablecoins are characterized by issues such as liquidity shortages and value decoupling, which pose significant risks that necessitate regulatory intervention [9][10]. - The lack of transparency in the asset reserves of major stablecoin issuers has raised concerns about their stability and potential for misuse in illegal activities [10][11]. Legal and Regulatory Framework - The classification of stablecoins as virtual currencies allows for unified enforcement across various regulatory bodies, enhancing the ability to combat illegal financial activities [9][12]. - The regulatory framework aims to protect monetary sovereignty and prevent the circumvention of traditional banking systems through the use of stablecoins [10][12]. Future Implications - The regulatory environment is expected to restrict the development space for stablecoins in China, with all related activities being classified as illegal financial activities [15][16]. - Future regulatory measures will likely focus on enhancing collaboration among regulatory bodies and utilizing technology to improve monitoring and enforcement capabilities [17][18].