Non-standardized debt financing business mainly includes entrusted loan mode, bank-trust-bank-securities-bank-insurance cooperation mode and asset income right mode.
Non-standardized creditor's rights assets refer to creditor's rights assets that are not traded in the interbank market and the stock exchange market, including but not limited to credit assets, trust loans, entrusted creditor's rights, acceptance bills, letters of credit, accounts receivable, various beneficial rights, equity financing with repurchase clauses, etc.
Non-standardized creditor's rights refer to creditor's rights assets that are not publicly listed, such as trust loans. Compared with standardized debt assets, such assets are generally not publicly issued, with high risk, low liquidity and lack of standardized securities characteristics, but the nominal rate of return will be much higher.
In the Notice on Regulating the Investment Operation of Commercial Banks, the CBRC pointed out that the wealth management funds directly or indirectly invested by commercial banks in the business of "non-standardized debt assets" grew rapidly. Some banks have some problems in business development, such as evading loan management and failing to isolate investment risks in time. It is understood that the so-called "non-standardized creditor's rights assets" refer to creditor's rights assets that are not traded in the interbank market and the stock exchange market, including but not limited to credit assets, trust loans, entrusted creditor's rights, acceptance bills, letters of credit, accounts receivable, various beneficial rights, and equity financing with repurchase clauses.
The China Banking Regulatory Commission issued a notice to regulate all non-standardized debt investment in wealth management products of commercial banks, and set an upper limit of 35% of the balance of wealth management products, or no more than 4% of the total assets of banks in the previous year. The new regulations came into effect on March 27th, 2003.
Supervision points to the potential risks of the rapid growth of "non-standardized debt assets" business directly or indirectly through non-bank financial institutions and asset trading platforms since 20 12.
In view of the risks of financial investment in non-standardized creditor's rights assets, the CBRC reiterated the principle of "one-to-one correspondence in the use of funds", that is, each financial product should correspond to the invested assets (subject matter) one by one, so that each product can be managed, accounted for and accounted for separately. One to one correspondence is the most important red line. Above the red line is the stock part, that is, for the non-standardized creditor's rights assets that have been invested before the issuance of the Notice, the CBRC stipulates that commercial banks should complete the risk-weighted asset measurement and capital withdrawal before the end of 20 13 in accordance with the requirements of the Capital Management Measures for Commercial Banks. At the same time, in the incremental part, if the relevant requirements cannot be met, the commercial bank should immediately stop the relevant business until the specified requirements are met.