(1) the internal management rules and regulations and operation methods of various businesses corresponding to the application business;
(2) various business risk prevention measures;
(3) fund management system;
(4) accounting system;
(5) internal reporting system. Article 5 the places and facilities suitable for offshore bank mentioned in article 9 (5) of the measures must include:
(1) the offshore business department has an independent business place;
(2) The offshore business department shall be equipped with complete computer and communication facilities. Article 6 Article 1 of the Measures (1) An application for operating offshore bank must include the following contents:
(1) The main reasons for bidding for offshore bank;
(2) the scope of bidding for offshore bank;
(3) offshore bank's preparations, such as personnel, equipment and site preparations. Article 7 Article 1 (2) of the Measures The feasibility report for operating offshore bank must include the following main contents:
(1) The necessity and feasibility of operating offshore bank;
(2) the local economic development and the forecast of the business volume of opening offshore bank. Article 8 The consolidated statement of foreign currency referred to in Article 1 (5) of the Measures shall be expressed in US dollars, and the consolidated statement of RMB and foreign currency shall be expressed in RMB. The conversion exchange rate is:
(1) foreign currency against foreign currency is based on the closing price of Hong Kong financial market on the business day before tabulation;
(2) RMB against foreign currency is based on the closing price of China Foreign Exchange Trading Center on the previous business day. Article 9 The acceptance report referred to in Article 1 of the Measures shall ensure that the preparatory work of the bidding bank meets the requirements stipulated in the Measures and these Detailed Rules, and fill in the acceptance report form. Article 1 A branch of a bank that has been approved to operate in offshore bank may not act as an agent for offshore bank. Article 11 Foreign exchange guarantee refers to the guarantee provided by offshore banks for non-residents in the name of the Bank.
offshore banks operating foreign exchange guarantee business shall abide by the Measures for the Administration of External Guarantee of Domestic Institutions and its detailed rules for implementation. Article 12 The interviewees of the interview system mentioned in Article 18 of the Measures refer to the principal responsible person of the offshore business department and the president or vice president in charge of offshore bank; The interview contents mainly include:
(1) the mastery of financial and foreign exchange management policies and regulations;
(2) understanding of the development of local offshore market;
(3) the bank's operating policy and internal control system in offshore bank;
(4) the organizational setup and preparation of the offshore business department;
(5) Other contents required by the State Administration of Foreign Exchange. Chapter III Management of offshore bank Article 13 offshore bank implements independent accounting, and its accounting treatment adopts debit and credit bookkeeping method and foreign exchange sub-ledger system. Accounting vouchers should be filled out separately by currency, separate account books should be set up, and separate financial statements and statistical statements should be prepared. Article 14 Offshore banks shall independently monitor the risks in offshore bank according to the following proportions:
(1) The ratio of offshore current assets to current liabilities shall not be less than 6%;
(2) The ratio of offshore current assets to offshore total assets shall not be less than 3%;
(3) The sum of offshore loans and guarantees (converted by 5% of the guarantee balance) to a single customer shall not exceed 3% of the bank's own foreign exchange funds;
(4) The offshore foreign currency securities (except blue-chip securities and government bonds) shall not exceed 2% of the total offshore assets of the bank. Article 15 The offset between offshore positions and onshore positions of offshore banks shall not exceed 1% of the monthly average balance of offshore total assets in the previous year.
the net inflow of foreign exchange after offsetting the offshore position with the onshore position shall not exceed the short-term foreign debt index of the bank approved by the State Administration of Foreign Exchange in that year. Article 16 The balance of large negotiable certificates of deposit issued by offshore banks shall not exceed 4% of the monthly average balance of offshore liabilities in the previous year. Article 17 Domestic institutions applying for offshore loans from offshore banks shall be regarded as international commercial loans and managed in accordance with the Measures for the Administration of Borrowing International Commercial Loans by Domestic Institutions. Article 18 Domestic institutions, as guarantors, must abide by the Measures for the Administration of External Guarantees of Domestic Institutions and its detailed rules for implementation when providing guarantees to offshore banks for non-residents. Article 19 If RMB obtained by offshore banks from handling domestic collateral according to law needs to be converted into foreign exchange, it must be reported to the local foreign exchange bureau for approval one by one. Article 2 An offshore bank issuing a large negotiable certificate of deposit must meet the following conditions:
(1) The bank abides by the national financial laws and regulations, and has no major violations of laws and regulations in recent three years;
(2) offshore bank has been established for more than one year and is in good operating condition;
(3) offshore bank's total assets are above $1 million;
(4) Other conditions stipulated by the State Administration of Foreign Exchange.