Core Viewpoint - The People's Bank of China has released a draft regulation on the identification of beneficial owners by financial institutions, marking a shift from "formal compliance" to "substantive penetration" in anti-money laundering (AML) supervision [1][2]. Group 1: Regulatory Changes - The new regulation aims to prevent and combat money laundering and terrorist financing by establishing clear processes and requirements for identifying and verifying beneficial owners [2][3]. - Financial institutions are now required to implement a "differential feedback mechanism," which mandates them to compare identification results with regulatory system records and report discrepancies within 30 working days [3]. Group 2: Compliance Challenges - The regulation introduces higher compliance demands, requiring institutions to enhance their data penetration and risk identification capabilities, especially in complex cross-border structures [3][4]. - Traditional reliance on customer-provided information for identity verification is no longer sufficient, as the regulation necessitates a deeper understanding of complex ownership structures [4][5]. Group 3: Implementation Difficulties - Financial institutions face significant challenges in adapting to the new requirements, particularly in identifying a greater number of beneficial owners and collecting more detailed information on each [5][6]. - The need for continuous updates and accurate data entry into internal systems adds pressure on institutions to manage information effectively [5][6]. Group 4: Collaborative Efforts - To effectively address AML challenges, collaboration among financial institutions, regulatory bodies, and businesses is essential, with a call for stronger administrative enforcement to ensure timely registration of beneficial owner information [6][7]. - Business owners and individual entrepreneurs are encouraged to enhance their compliance awareness, as timely and accurate registration of beneficial owner information reflects legal obligations and integrity in business operations [7].

一是基于风险原则。金融机构应当按照基于风险的原则，采取与风险程度相匹配的差异化措施识别核实 客户的受益所有人。 中经记者 郝亚娟 夏欣 上海、北京报道 近日，中国人民银行研究起草了《金融机构客户受益所有人识别管理办法（征求意见稿）》。 上述文件要求，金融机构应当按照以下原则开展受益所有人识别核实工作： 金融机构不得仅通过查询中国人民银行受益所有人信息查询管理系统的方式获取受益所有人信息，或者 直接通过批量化、自动化等辅助手段代替必要的风险判断和受益所有人识别核实。 （编辑：朱紫云 审核：何莎莎 校对：颜京宁） 二是合理性原则。金融机构应当勤勉尽责，通过合理的手段了解客户的所有权和控制权结构，识别并采 取合理措施核实受益所有人，从而确信其了解客户的受益所有人身份信息和权利状况信息。 三是可靠性原则。金融机构应当通过来源可靠的佐证材料、数据或信息识别核实受益所有人，并综合考 虑这些不同来源的佐证材料、数据或信息相互印证以后的整体可靠性。 ...

Core Points - The People's Bank of China conducted a 116 billion yuan reverse repurchase operation with a rate of 1.40%, maintaining the previous level, resulting in a net injection of 116 billion yuan as there were no reverse repos maturing on that day [1] - This week, the central bank performed a total of 1,137 billion yuan in reverse repos, with 2,663 billion yuan maturing, leading to a net withdrawal of 1,526.3 billion yuan from the open market [1] - The Shanghai Interbank Offered Rate (Shibor) for short-term instruments has seen a continuous decline, with overnight Shibor down by 0.50 basis points to 1.3140%, and 7-day Shibor down by 4.80 basis points to 1.4030% [1][2] Market Rates - In the interbank pledged repo market, most rates have decreased, with DR001 and R001 weighted average rates down by 0.7 basis points and 0.9 basis points, respectively, while DR007 and R007 rates fell by 2.8 basis points and 7.3 basis points [4] - The weighted average rates for DR014 increased by 0.9 basis points, while R014 decreased by 3.2 basis points, indicating mixed movements in the market [4] Funding Conditions - The overall funding environment is described as balanced and slightly loose, with overnight rates ranging from 1.3% to 1.35% and 7-day rates around 1.45% to 1.48% [8] - On October 11, 100 interbank certificates of deposit were issued, with a total issuance amount of 200.35 billion yuan [8] Secondary Market Activity - The secondary market for certificates of deposit showed a decline in trading sentiment due to the holiday, with yields for various maturities decreasing compared to the previous day [9] - The 1-month national bank deposit ended at 1.46%, down approximately 3 basis points from the previous day, while the 3-month and 6-month rates also saw slight declines [9] Regulatory Developments - The People's Bank of China is seeking public opinion on the "Identification Management Measures for Beneficial Owners of Financial Institution Clients," emphasizing the need for financial institutions to identify and verify beneficial owners during customer due diligence [11] - The Ministry of Housing and Urban-Rural Development reported that the approval amount for white-listed projects has exceeded 7 trillion yuan, supporting the construction and delivery of commercial housing projects [11]

《办法》贯彻基于风险原则，明确金融机构对于低风险客户可以适用豁免、简化识别标准。 《办法》一是明确受益所有人识别核实整体流程及要求；二是明确了应识别、保存的受益所有人身份信 息和权利状况信息要素；三是规定金融机构应基于风险采取差异化的识别核实措施。 （文章来源：新华财经） 《办法》规定了法人与非法人组织、信托、资产管理产品的受益所有人定义与识别标准，其中法人与非 法人组织的识别标准与《受益所有人信息管理办法》一致。 新华财经北京10月11日电中国人民银行就《金融机构客户受益所有人识别管理办法（征求意见稿）》 （以下简称《办法》）公开征求意见。 《办法》参考反洗钱国际标准，强调金融机构应在开展客户尽职调查时，识别并采取合理措施核实客户 受益所有人，要求金融机构遵循基于风险原则、合理性原则和可靠性原则开展受益所有人识别核实工 作。 ...