Outsourcing services such as securities and insurance.

Acting financial service outsourcing company

Unit price outsourcing service

Definition of outsourcing:

Outsourcing refers to the supervised entity's continuous use of outsourcing service providers (affiliated entities within the group or entities outside the group) to complete business activities previously undertaken by itself. ?

Outsourcing can be the transfer of a business (or part of a business) from a regulated entity to a service provider, or the service provider further transfers it to another service provider (sometimes called "subcontracting"). ?

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Extended data:

When the regulated entity applies the advanced outsourcing principles to specific outsourcing business, it should consider the following issues:

First of all, it should be applied according to the importance of outsourcing business to the business of the regulated entity.

Second, the affiliation or other relationship between the outsourcing entity and the service provider. When it is necessary to apply the outsourcing principle to affiliated entities, it can be modified appropriately to reflect the differences in outsourcing risks within the group.

Third, whether the service provider is regulated by an independent regulatory agency.

References:

Financial Service Outsourcing-China Banking Regulatory Commission