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Small And Medium Financial Institutions In Rural Areas Of China Banking Regulatory Commission Implementation Measures For Administrative Licensing Items

Original Language Title: 中国银行业监督管理委员会农村中小金融机构行政许可事项实施办法

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Small and medium financial institutions in rural areas of China Banking Regulatory Commission implementation measures for administrative licensing items

    (June 27, 2008 Chinese Banking Regulatory Commission 2008 3rd release come into force on the date of promulgation) Chapter I General provisions

    First article for specification China banking supervision Management Committee (following referred to silver prison will) and sent institutions implementation rural small financial institutions administrative license behavior, clear administrative license matters, and conditions, and applies operation process and term, maintenance applicants lawful rights and interests of, according to People's Republic of China banking supervision management method, and People's Republic of China administrative license method, and People's Republic of China commercial banks method, legal, and administrative regulations and the State about decided, developed this approach.

    Second rural small and medium financial institutions in these measures include: rural commercial banks and rural cooperative banks, rural banks, loan companies, rural credit cooperatives, rural credit cooperatives, rural credit cooperative unions, provinces (autonomous regions and municipalities) rural credit cooperative Union (hereinafter referred to as provinces (regions and municipalities) rural credit cooperatives Union), rural mutual cooperatives.

    Article CBRC and its local agencies in accordance with these measures and the China Banking Regulatory Commission for the implementation of administrative licensing procedures regulations on rural small and medium financial institutions in the implementation of administrative licensing.

    Fourth of rural small and medium financial institutions the following issues shall be licensed by the CBRC and its local agencies: institutions, institutional change, termination, adjusting the scope of business and increasing business varieties, Director (Director) and qualifications for senior managers, and so on.

    Applicants shall, in accordance with section v of the small and medium financial institutions in rural areas of China Banking Regulatory Commission on administrative licensing matters application directory and format requirements for submitting application materials.

    Chapter II establishment of legal entities

    First rural commercial bank set up

    Established by article sixth County (municipal and district) rural commercial banks should be subject to the following conditions:

    (A) is consistent with the People's Republic of China company law and the People's Republic of China on commercial banks and banking regulators under regulation;

    (B) in the rural credit cooperatives and unions on the basis of consolidation initiated;

    (C) the registered capital paid-up capital, the minimum is 50 million Yuan;

    (D) meet the qualifications of Directors and senior managers and qualified staff familiar with banking;

    (E) have a sound organizational structure and management system;

    (F) meet the requirements of the business premises, safety measures and other facilities related to the business.

    Article seventh counties (cities, districts) rural banks, should also conform to other prudent conditions shall at least include:

    (A) have a good corporate governance structure;

    (B) has a sound risk management system can effectively control the associated risks, the last 1 year no major violations;

    (C) scientific and effective human resources management system, with high qualified professionals;

    (D) the effective capital and financial mechanism;

    (E) no financial stake in local people's Government;

    (F) the bad loan ratio of less than 8%;

    (VII) capital adequacy ratio of not less than 8%, the core capital adequacy ratio of not less than 4% (taking into account the promoter intends to pay equity, after the replacement of Central Bank bills);

    (VIII) greater than or equal to equity owners ' equity, which, after verification and valuation (consider using Central Bank Note replacement of bad assets and over the loss of credit card and other factors), the applicant's consolidation of rural credit cooperatives in the owner's equity after eliminating equity greater than or equal to zero;

    (I) the full provisions for loan losses by the regulation;

    (10) other prudent requirements as specified by the CBRC.

    Eighth article in urban and rural integration degree high, and agricultural output accounted for compared small of to city, and to city district, and municipalities formed rural commercial banks except should meet sixth article (a), and (ii), and (four), and (five), and (six) and the seventh article (a), and (ii), and (three), and (four), and (five), and (seven), and (eight), and (nine) outside, also should meet following conditions:

    (A) the registered capital is paid up capital city rural commercial bank, and a minimum quota of 100 million Yuan, the municipality rural commercial bank, minimum of 1 billion yuan;

    (B) the bad loan ratio of less than 5%;

    (C) the establishment of municipalities, rural commercial banks, sponsors should have at least a qualified strategic investors.

    Nineth rural commercial banks should have qualified sponsors, sponsors include natural persons, domestic non-financial institutions, financial institutions, overseas financial institutions and other sponsors approved by the CBRC.

    Provinces (autonomous regions and municipalities) Union of rural credit cooperatives, rural credit cooperatives Union not to have a rural commercial bank shares.

    Tenth natural persons as the initiator, shall comply with the following conditions:

    (A) Chinese citizens have full capacity for civil conduct;

    (B) has a good reputation and credit records;

    (C) the true legitimate sources of stakes, no loan capital shares, shall not be entrusted funds may invest as shares;

    (D) other prudent requirements as specified by the CBRC.

    11th single equity investment proportion of natural persons shall not exceed the total capital of commercial banks in rural areas of 2%, natural aggregate equity investment proportion of employees shall not exceed the total capital of commercial banks in rural areas 20%.

    Territory of the 12th non-financial institutions as sponsors, shall comply with the following conditions:

    (A) registered in the Administrative Department for industry and commerce, with legal personality;

    (B) has a good reputation, integrity and tax records;

    (C) no major violations within the last 2 years; (D) a healthy financial position, the last 2 consecutive profit in the fiscal year.

    Non-financial firms in restructuring, after the restructuring, the company's main business areas, the main controller, no major change, before the restructuring of its operating time and performance can be continuously calculated;

    (E) have strong management skills and financial strength;

    (Vi) after the year-end allocation, net worth total assets of more than 30% (on consolidated accounting statement basis);

    (G) have the ability to supplement rural commercial bank capital, unless the State provides investment companies and holding companies, equity investment balances in principle shall not exceed the net assets of 50% (including the investments, consolidated accounting statement basis);

    (H) the true legitimate sources of stakes, no loan capital shares, and not be entrusted funds may invest as shares;

    (IX) other prudent requirements as specified by the CBRC.

    13th single of domestic non-financial institutions and their affiliates total equity total equity investment proportion shall not exceed the rural commercial bank 10%.

    14th domestic financial institutions as sponsors, shall comply with the following conditions:

    (A) the capital adequacy ratio not less than 8% of banking institutions, non-banking financial institutions, not less than a total 10% of the total risk-weighted assets;

    (B) the financial soundness, good credit standing, the last 2 consecutive profit in the fiscal year;

    (C) good corporate governance, sound and effective internal controls;

    (D) the main prudential measures comply with the regulatory requirements;

    (E) the true legitimate sources of stakes, no loan capital shares, and not be entrusted funds may invest as shares;

    (Vi) other prudent requirements as specified by the CBRC.

    Domestic financial institutions invested or shares must be reported in advance to the authority and supervision and Administration Department for approval.

    15th overseas financial institutions as sponsors, shall comply with the following conditions:

    (A) the total assets not lower than at the end of the last 1 year overseas financial institutions investment management of buying stakes in Chinese financial institutions invest in relevant requirements of rural credit cooperatives in the seventh;

    (B) international rating agency approved by the CBRC for at least the last 2 years given its long-term credit rating for more than good;

    (C) the bank capital adequacy ratio should reach banks in their capital adequacy ratio average and not less than 8%, non-bank financial institutions, not less than a total 10% of the total risk-weighted assets;

    (D) the financial soundness, good credit standing, the last 2 consecutive profit in the fiscal year;

    (E) good corporate governance, sound and effective internal controls;

    (F) the true legitimate sources of stakes, no loan capital shares, and not be entrusted funds may invest as shares;

    (G) registered in the national (regional) financial institution supervision and management system;

    (H) registered in the national (regional) economy in good condition;

    (I) the home country supervisory authorities of the country where the registration of the investment (regional) laws and regulations and the financial institution in accordance with the provisions of the registration country (region) prudential supervision as required by the Declaration;

    (10) other prudent requirements as specified by the CBRC.

    Foreign financial institutions as sponsors, financial investors or strategic investors a stake in rural commercial banks shall be submitted to the CBRC for approval, as a strategic investor should also follow the loyalty, optimize governance and business cooperation, the principle of competition is avoided.

    The CBRC according to the risk and regulatory requirements, you can adjust the conditions of overseas financial institutions in the preceding paragraph as a sponsor.

    16th rural commercial banks in overseas financial institutions to invest in the implementation of the overseas financial institutions invest in relevant provisions of the measures for the administration of Chinese financial institutions.

    Article 17th no sponsor to be rural commercial bank shares held more than 5% require prior approval of the banking regulatory agency.

    18th rural commercial banks shall cover the establishment and opened in two stages.

    Setting up rural commercial banks should set up a work group, rural commercial banks sponsor shall entrust the preparatory work group as the applicant. 19th rural commercial banks to build the application, accepted by the CBRC and preliminary examination, Banking Regulatory Commission review and decision.
Since the CBRC within 4 months from the date of receipt of the complete application materials to approve or disapprove the decision in writing.

    Article 20th rural commercial banks prepare for a period of 6 months from the date of the approval decision. Fails to complete the preparatory work, the applicant shall, before the expiry of the period for the provision of 1 month to submit to the China Banking Regulatory Commission to build the extension application. Banking Regulatory Commission from the date of receipt of a written request made within 20th whether to approve the extension decision.

    Build an extension for a maximum period of 3 months.

    Applicants should submit applications for approval before the expiry of the period prescribed in the preceding paragraph, overdue, failure of planning approval documents, handled by the authorities to build license cancellation. 21st the County (city, district) rural commercial bank, apply for business commencement by the CBRC local city or state banking regulatory Bureau accepted, the banking regulatory Board for review and decision.

    The banking Board from receipt of complete application materials or within 2 months from the date of acceptance to approve or not to approve of the written decision. Cities, municipalities, rural commercial banks accepted the applications for approval by the banking regulatory board and a preliminary examination, Banking Regulatory Commission review and decision.

    The CBRC within 2 months from the date of receipt of the complete application materials approved or not approved by a written decision.

    22nd rural commercial banks shall upon receipt of the file and receive a financial license approved by the open, to register with the Administrative Department for industry and commerce to obtain business licenses. Rural commercial banks should open within 6 months from the date of registration. Failed to open on schedule, the applicant shall open before the expiration of 1 month opened extension of the application submitted to the authorities. Authorities upon receipt of a written application made within 20th of whether to approve the extension decision.

    Opened an extension for a maximum period of 3 months.

    Open rural commercial banks within the time limits prescribed in the preceding paragraph, the original opening authorization failure, up to authorities for opening license cancellation procedures to recover its financial licenses, and make an announcement.

    Section II established the rural cooperative bank

    Article 23rd counties (cities, districts), rural cooperative banks should be subject to the following conditions:

    (A) that complies with the provisions of the CBRC regulation;

    (B) in the rural credit cooperatives and unions on the basis of consolidation initiated;

    (C) the registered capital paid-up capital, the minimum is 20 million Yuan;

    (D) meet the qualifications of Directors and senior managers and qualified staff familiar with banking;

    (E) have a sound organizational structure and management system;

    (F) meet the requirements of the business premises, safety measures and other facilities related to the business.

    Article 24th counties (cities, districts) rural cooperative banks should also conform to other prudent conditions shall at least include:

    (A) have a good corporate governance structure;

    (B) has a sound risk management system can effectively control the associated risks, the last 1 year no major violations;

    (C) scientific and effective human resources management system, with high qualified professionals;

    (D) the effective capital and financial mechanism;

    (E) no financial stake in local people's Government;

    (F) the bad loan ratio of less than 8%;

    (VII) capital adequacy ratio of not less than 8%, the core capital adequacy ratio of not less than 4% (taking into account the promoter intends to pay equity, after the replacement of Central Bank bills);

    (H) not less than 90% per cent of the total capital investment unit;

    (I) greater than or equal to equity owners ' equity, after verification and valuation of print (consider using Central Bank Note replacement of bad assets and over the loss of credit card and other factors), the applicant's consolidation of rural credit cooperatives in the owner's equity after eliminating equity greater than or equal to zero;

    (10) in accordance with the regulations made full provisions for loan losses;

    (11) other prudent requirements as specified by the CBRC.

    25th article in urban and rural integration degree high, agricultural output accounted for compared small of to city, and to city district, and municipalities formed rural cooperation Bank except should meet 23rd article (a), and (ii), and (four), and (five), and (six) and the 24th article (a), and (ii), and (three), and (four), and (five), and (seven), and (eight), and (nine), and (10) outside, also should meet following conditions:

    (A) the registered capital is paid up capital, the minimum quota of 100 million Yuan, rural cooperative banks, municipalities, rural cooperative banks minimum of 1 billion yuan;

    (B) the bad loan ratio of less than 5%;

    (C) the establishment of municipalities, rural cooperative banks, sponsors should have at least a qualified strategic investors.

    26th the establishment of rural cooperative banks should have qualified sponsors, sponsors include natural persons, domestic non-financial institutions, financial institutions, overseas financial institutions and other sponsors approved by the CBRC.

    Provinces (autonomous regions and municipalities) rural credit cooperatives, rural credit cooperatives Union not to have a rural cooperative bank shares.

    27th article tenth of the sponsor subject to the approach, 11th, 12th, 13th, 14th, 15th, 16th and 17th of the regulations.

    28th rural cooperative Bank set up to build and opened in two stages.

    The establishment of rural cooperative banks should set up a work group, rural cooperative banks should delegate work group as the applicant. Article 29th of rural cooperative banks to build applications, accepted by the CBRC and preliminary examination, Banking Regulatory Commission review and decision.

    Since the CBRC within 4 months from the date of receipt of the complete application materials to approve or disapprove the decision in writing. Article 30th rural cooperative banks in preparation for a period of 6 months from the date of the approval decision. Fails to complete the preparatory work, the applicant shall, before the expiry of the period for the provision of 1 month to submit to the China Banking Regulatory Commission to build the extension application. Banking Regulatory Commission from the date of receipt of a written request made within 20th whether to approve the extension decision.

    Build an extension for a maximum period of 3 months.

    Applicants should submit applications for approval before the expiry of the period prescribed in the preceding paragraph, overdue, failure of planning approval documents, handled by the authorities to build license cancellation. 31st counties (cities, districts) applications for approval of rural cooperative banks, the CBRC local city or state banking regulatory Bureau accepted, the banking regulatory Board for review and decision.

    The banking Board from receipt of complete application materials or within 2 months from the date of acceptance to approve or not to approve of the written decision. Cities and municipalities of rural cooperative banks. Applications for approval by the banking regulatory agency to accept and preliminary examination, Banking Regulatory Commission review and decision.

    The CBRC within 2 months from the date of receipt of the complete application materials approved or not approved by a written decision.

    Article 32nd rural cooperative banks should be upon receipt of the file and receive a financial license approved by the open, to register with the Administrative Department for industry and commerce to obtain business licenses. Rural cooperative banks should open within 6 months from the date of registration. Failed to open on schedule, the applicant shall open before the expiration of 1 month opened extension of the application submitted to the authorities. Authorities upon receipt of a written application made within 20th of whether to approve the extension decision.

    Opened an extension for a maximum period of 3 months.

    Rural cooperative banks is not opened within the time limit specified in the preceding paragraph, the original opening authorization failure, up to authorities for opening license cancellation procedures to recover its financial licenses, and make an announcement.

    Section III rural banks established

    Article 33rd establishment of a village or township Bank shall comply with the following conditions:

    (A) is consistent with the People's Republic of China company law and the People's Republic of China on commercial banks and banking regulators under regulation;

    (B) the sponsors or contributors shall meet the conditions laid down, and the initiators or contributors shall have at least 1 banking institutions;

    (C) the registered capital paid-up capital, in counties (cities), established minimum of RMB 3 million; in the township (town) established by the minimum of 1 million Yuan;

    (D) meet the qualifications of Directors and senior managers and qualified staff familiar with banking;

    (E) have the necessary organizational structure and management system;

    (F) meet the requirements of the business premises, safety measures and other facilities related to the business;

    (VII) other prudent requirements as specified by the CBRC.

    Article 34th establishment of a village or township Bank shall meet the conditions of the author or contributors, sponsors or contributors include: natural persons, domestic non-financial institutions, financial institutions, foreign financial institutions and Banking Regulatory Commission approved other initiators or contributors. Sponsors or contributors shall be subject to this article tenth, 14th, 15th, and 17th of the regulations.

    Enterprise legal person set up village banks in non-financial institutions should be subject to the following conditions:

    (A) registered in the Administrative Department for industry and commerce, with legal personality;

    (B) has a good reputation, integrity and tax records;

    (C) no major violations within the last 2 years;

    (D) a healthy financial position, shares the previous year before earnings;

    (E) after the year-end allocation, net worth total assets of more than 10% (on consolidated accounting statement basis);

    (F) the true legitimate sources of stakes, no loan capital shares, shall not be entrusted funds may invest as shares;

    (VII) have strong management skills and financial strength;

    (VIII) other prudent requirements as specified by the CBRC.

    Proposed share of enterprise legal person belonging to the restructuring, after the restructuring, the company's main business areas, the main controller, no major change, before the restructuring of its operating time and performance can be continuously calculated. 35th village Bank, the largest shareholder or sole shareholder must be a banking institution.

    Maximum total shareholders equity ratio shall not be less than a village or township Bank equity 20%, a single natural person shareholders and related-party holdings shall not be more than rural banks total capital of 10%, a single non-bank financial institutions or a single Corporation and its affiliates share of non-financial institutions shall not exceed 10% of the rural banks total capital.

    36th village or township Bank shall cover the establishment and opened in two stages. Establishment of a village or township Bank shall set up a work group, village or township Bank shall be commissioned to build a working group as the applicant.
Preparation work for a company with limited liability village banks, by the contributor as applicant or authorized by the investor's lead working group as the applicant.

    37th village banks to build the application from the CBRC local city or State Banking Regulatory Commission Office, the banking regulatory Board for review and decision.

    The banking Board from receipt of complete application materials or within 4 months from the date of acceptance to approve or disapprove the decision in writing. Article 38th village Bank's lead for a period of 6 months from the date of approval. Fails to complete the preparatory work, the applicant shall, before the expiry of the period for the provision of 1 month submit to the banking Board to build the extension application. Banking Board from the date of receipt of a written request made within 20th whether to approve the extension decision.

    Build an extension for a maximum period of 3 months.

    Applicants should submit applications for approval before the expiry of the period prescribed in the preceding paragraph, overdue, failure of planning approval documents, handled by the authorities to build license cancellation. 39th village banks opened to the application, by the CBRC local city or state banking regulatory Bureau to receive, review and make decisions.

    The CBRC or banking regulatory Bureau within 2 months from the date of acceptance of approval or disapproval shall be approved by the written decision.

    40th a village or township Bank shall upon receipt of the file and receive a financial license approved by the open, to register with the Administrative Department for industry and commerce to obtain business licenses. Village Bank within 6 months since the date of business license should be opened. Failed to open on schedule, the applicant shall open before the expiration of 1 month opened extension of the application submitted to the authorities. Authorities upon receipt of a written application made within 20th of whether to approve the extension decision.

    Opened an extension for a maximum period of 3 months.

    Village Bank is not opened within the time limit specified in the preceding paragraph, the original opening authorization failure, up to authorities for opening license cancellation procedures to recover its financial licenses, and make an announcement.

    Fourth quarter loan company

    41st at the County (City) and the following areas establish a lending company shall comply with the following conditions:

    (A) that complies with the provisions of the regulation;

    (B) the registered capital paid-up capital, a minimum of 500,000 yuan;

    (C) possess the professional knowledge and work experience in senior management personnel;

    (D) staff with the appropriate expertise and experience;

    (E) have the necessary organizational structure and management system;

    (F) meet the requirements of the business premises, safety measures-Shi He and other business-related facilities.

    42nd established finance companies, should also conform to other prudent conditions shall at least include:

    (A) have a good corporate governance structure;

    (B) scientific and effective human resources management system, with highly qualified professionals;

    (C) have a valid capital constraints and additional mechanisms.

    Article 43rd-loan company, investor shall comply with the following conditions:

    (A) the capital provider for domestic and foreign commercial banks or rural cooperative banks;

    (B) no less than 5 billion yuan in assets;

    (C) good corporate governance, sound and effective internal controls;

    (D) the main prudential measures comply with the regulatory requirements;

    (E) other prudent requirements as specified by the CBRC.

    44th loan companies by individual domestic and foreign commercial banks or rural cooperative banks fully funded.

    45th loan company set up to build and opened in two stages.

    Loan company sponsors should be the applicant or planning working group mandated by the investor. 46th loan company's establishment to the application, by the CBRC local city or state banking regulatory Bureau accepted, the banking regulatory Board for review and decision.

    The banking Board from receipt of complete application materials or within 4 months from the date of acceptance to approve or disapprove the decision in writing. 47th loan company's establishment for a period of 6 months from the date of the approval decision. Fails to complete the preparatory work, the applicant shall, before the expiry of the period for the provision of 1 month submit to the banking Board to build the extension application. Banking Board from the date of receipt of a written request made within 20th whether to approve the extension decision.

    Build an extension for a maximum period of 3 months.

    Applicants should submit applications for approval before the expiry of the period prescribed in the preceding paragraph, overdue, failure of planning approval documents, handled by the authorities to build license cancellation. 48th applications for approval of a loan company, by the CBRC local city or state banking regulatory Bureau to receive, review and make decisions.

    The CBRC or banking regulatory Bureau within 2 months from the date of acceptance of approval or disapproval shall be approved by the written decision.

    49th loan company shall upon receipt of the file and receive a financial license approved by the open, to register with the Administrative Department for industry and commerce to obtain business licenses. Loan within 6 months from the date on which the business license of the company should be opened. Failed to open on schedule, the applicant shall open before the expiration of 1 month opened extension of the application submitted to the authorities. Authorities upon receipt of a written application made within 20th of whether to approve the extension decision.

    Opened an extension for a maximum period of 3 months.

    Loan companies have not opened within the time frame prescribed in the preceding paragraph, the original opening authorization failure, up to authorities for opening license cancellation procedures to recover its financial licenses, and make an announcement.

    Fifth section of rural credit cooperatives to establish

    Article 50th counties (cities, districts) rural credit cooperatives should be subject to the following conditions:

    (A) that complies with the provisions of the regulation;

    (B) in all rural credit cooperatives and unions on a voluntary basis, to initiate restructuring the establishment;

    (C) the registered capital paid-up capital, minimum of 3 million Yuan;

    (D) according to the established by the joint-stock system, not less than 30% per cent of the total capital investment share; established under joint-stock, equity in accordance with the companies Act sets;

    (E) meet the qualifications of Directors and senior managers and qualified staff familiar with banking;

    (Vi) have a sound organizational structure and management system;

    (G) to meet the requirements of business premises, safety precaution facilities and other business-related facilities;

    (H) have a sound internal control and risk management system and good public governance;

    (IX) no financial stake in local people's Government;

    (10) other prudent requirements as specified by the CBRC.

    Investment unit as a proportion of the total capital, the CBRC according to actual situation can make appropriate adjustments.

    51st article in economic developed, and urban and rural integration, and agricultural industrialization degree high, and agricultural output accounted for than lower, or local economic owes developed, and economic total small, and industry single of to city established rural credit cooperation Association, except should meet 50th article (a), and (ii), and (five), and (six), and (seven), and (eight), and (nine), and (10) outside, also should meet following conditions:

    (A) rural credit cooperatives and unions in the area, County (city, district) all rural credit cooperatives on a voluntary basis, to initiate restructuring the establishment;

    (B) the registered capital paid-up capital, the minimum quota of 100 million Yuan, and able to meet their own and branch operational requirements;

    (C) capital adequacy ratios above 2%, and able to meet the risk asset expansion within 2 years after the opening of capital requirements;

    (D) according to the established by the joint-stock system, not less than 60% per cent of the total capital investment share; established under joint-stock, equity in accordance with the companies Act sets;

    (E) in accordance with the consolidated financial statements the management Commission, and NPL ratio does not exceed 15%;

    (F) in accordance with the consolidated financial statements the management Commission, and almost 2 years of continuous profit.

    , Rural credit cooperatives, set up to ensure that County agriculture service, strictly control the number of mature form a.

    52nd establishment of rural credit cooperatives should have qualified sponsors, the sponsors include: natural persons, domestic non-financial institutions, financial institutions, overseas financial institutions and other sponsors approved by the CBRC.

    Sponsors shall comply with article tenth, 12th, 13th, 14th, 15th, 16th and 17th of the regulations.

    A single natural persons investing in rural credit cooperatives, shares shall not exceed the proportion of the total capital of 2%, natural aggregate equity investment proportion of employees shall not exceed the total rural credit cooperative equity 20%.

    Provinces (autonomous regions and municipalities) rural credit cooperatives, rural credit cooperatives rural credit cooperative unions not to share.

    53rd rural credit cooperative shall cover the establishment and opened in two stages.

    Working Group on the establishment of rural credit cooperatives should be set up to build rural credit cooperatives sponsor shall entrust the preparatory work group as the applicant. 54th County (municipal and district) of rural credit cooperatives to build applications by the CBRC local city or state banking regulatory Bureau accepted, the banking regulatory Board for review and decision.

    The banking Board from receipt of complete application materials directly within 4 months from the date of acceptance or approval or not approval of the written decision. Rural credit cooperatives to build applications, accepted by the CBRC and preliminary examination, Banking Regulatory Commission review and decision.

    Since the CBRC within 4 months from the date of receipt of the complete application materials to approve or disapprove the decision in writing.

    55th rural credit cooperative's lead for a period of 6 months from the date of the approval decision. The County (city, district) rural credit cooperatives Union fails to complete the preparation, the applicant shall, before the expiry of the period for the provision of 1 month submit to the banking Board to build the extension application.

    Banking Board from the date of receipt of a written request made within 20th whether to approve the extension decision, build an extension for a maximum period of 3 months. , Rural credit cooperatives, and fails to complete the preparation, the applicant shall, before the expiry of the period for the provision of 1 month to submit to the China Banking Regulatory Commission to build the extension application.

    Banking Regulatory Commission from the date of receipt of a written request made within 20th decision on whether granting an extension, build an extension for a maximum period of 3 months.

    Applicants should submit applications for approval before the expiry of the period prescribed in the preceding paragraph, overdue, failure of planning approval documents, handled by the authorities to build license cancellation. 56th counties (cities, districts) of rural credit cooperatives, apply for business commencement by the CBRC local city or state banking regulatory Bureau to receive, review and make decisions.
The CBRC or banking regulatory Bureau within 2 months from the date of acceptance of approval or disapproval shall be approved by the written decision.

    Apply to the opening of rural credit cooperatives, accepted by the CBRC and preliminary examination, Banking Regulatory Commission review and decision.

    CBRC within 2 months from the date of receipt of the complete application materials to approve or not to approve the decision in writing.

    Rural credit cooperatives should be received in the 57th after file and receive a financial license approved by the open, to register with the Administrative Department for industry and commerce to obtain business licenses. Rural credit cooperatives should open within 6 months from the date of registration. Failed to open on schedule, the applicant shall open before the expiration of 1 month opened extension of the application submitted to the authorities. Authorities upon receipt of a written application made within 20th of whether to approve the extension decision.

    Opened an extension for a maximum period of 3 months.

    Rural credit cooperatives are not opened within the time limit specified in the preceding paragraph, the original opening authorization failure, up to authorities for opening license cancellation procedures to recover its financial licenses, and make an announcement.

    Sixth rural mutual cooperatives set up

    Article 58th of rural mutual cooperatives shall comply with the following conditions:

    (A) that complies with the provisions of the regulation;

    (B) to initiate the establishment of and sponsor no fewer than 10 people;

    (C) the registered capital paid-up capital, the township (town), established minimum limits as 300,000 Yuan; established in villages, the lowest limit of 100,000 yuan;

    (D) meet the qualifications of Directors, managers and staff with working conditions;

    (E) have the necessary organizational structure and management system;

    (F) meet the requirements of the business premises, safety precaution facilities and other business-related facilities;

    (VII) other prudent requirements as specified by the CBRC.

    59th rural mutual cooperatives should have qualified sponsors, the sponsors include: the township (town), the villages of farmers and rural small businesses.

    60th farmers as the initiator, shall comply with the following conditions:

    (A) have full capacity for civil conduct;

    (B) residence or habitual residence (local domicile and residence for 3 years) in rural mutual cooperatives of township (town) or in villages;

    (C) the true legitimate sources of stakes, no loan capital shares, shall not be entrusted funds may invest as shares;

    (D) the honest and trustworthy, reputable;

    (E) other prudent requirements as specified by the CBRC.

    61st rural small businesses as sponsors, shall comply with the following conditions:

    (A) registered or principal place of business in the rural mutual cooperatives of township (town) or in villages;

    (B) has a good credit history;

    (C) prior year earnings;

    (D) the year-end distribution net worth total assets of more than 10% (on consolidated accounting statement basis);

    (E) the true legitimate sources of stakes, no loan capital shares, shall not be entrusted funds may invest as shares;

    (Vi) other prudent requirements as specified by the CBRC.

    62nd individual farmers or individual small businesses in rural areas to the rural mutual cooperatives shares its shares shall not exceed the total rural mutual cooperatives share 10%.

    63rd rural mutual cooperatives shall cover the construction and opened in two stages.

    Establishment of rural mutual cooperatives should set up a work group, rural mutual cooperatives sponsor shall entrust the preparatory work group as the applicant. 64th rural mutual cooperatives to build applications by the CBRC local city or state banking regulatory Bureau accepted, the banking regulatory Board for review and decision.

    The banking Board from receipt of complete application materials or within 4 months from the date of acceptance to approve or disapprove the decision in writing. 65th rural mutual cooperatives the preparation period is 6 months from the date of the approval decision. Fails to complete the preparatory work, the applicant shall, before the expiry of the period for the provision of 1 month submit to the banking Board to build the extension application. Banking Board from the date of receipt of a written request made within 20th whether to approve the extension decision.

    Build an extension for a maximum period of 3 months.

    Applicants should submit applications for approval before the expiry of the period prescribed in the preceding paragraph, overdue, failure of planning approval documents, handled by the authorities to build license cancellation. 66th rural mutual cooperatives, apply for business commencement by the CBRC local city or state banking regulatory Bureau to receive, review and make decisions.

    The CBRC or acceptance of CBRC within 2 months from the date of approval or determinations are not approved.

    67th rural mutual cooperatives shall upon receipt of the file and receive a financial license approved by the open, to register with the Administrative Department for industry and commerce to obtain business licenses. Rural mutual cooperatives within 6 months since the date of business license should be opened. Failed to open on schedule, the applicant shall open before the expiration of 1 month opened extension of the application submitted to the authorities. Authorities upon receipt of a written application made within 20th of whether to approve the extension decision.

    Opened an extension for a maximum period of 3 months.

    Rural mutual cooperatives are not opened within the time limit specified in the preceding paragraph, the original opening authorization failure, up to authorities for opening license cancellation procedures to recover its financial licenses, and make an announcement.

    Chapter III establishment of branches

    First branch established

    68th rural commercial banks and rural cooperative banks, rural banks established in the jurisdiction where the registered branch, the applicant shall comply with the following conditions:

    (A) good corporate governance, sound and effective internal control system, the last 1 year no major violations;

    (B) the supervisory ratings at three levels above;

    (C) has the ability to allocate operating funds, rural commercial banks and rural cooperative Bank paid branch of the operating capital of not less than 1 million Yuan, branches working capital allocated amount shall not exceed the total capital of the applicant 60%; a village or township Bank shall allocate and branch management to adapt to the size of working capital;

    (D) good asset quality and bad loan ratio lower than 5%;

    (E) capital adequacy ratio of not less than 8%, the core capital adequacy ratio of not less than 4%;

    (F) meet the qualifications of senior managers and qualified staff familiar with banking;

    (G) to meet the requirements of the business premises, safety measures and other facilities related to the business;

    (VIII) other prudent requirements as specified by the CBRC.

    69th rural commercial banks and rural cooperative banks registered outside the jurisdiction of counties (cities) to establish branch (hereinafter referred to as remote branch), in addition to the 68th (a), (c), (d), (e), (f), (g) the conditions, should also be subject to the following conditions:

    (A) regulate the rating in more than two;

    (B) not less than 5 billion yuan in total assets;

    (C) the registered capital of no less than 500 million Yuan;

    (D) has the ability to allocate operating funds, working capital allocated not less than 1 million Yuan, total operating funding allocated branches shall not exceed 60% of the total assets of the applicant;

    (E) fully as required and bad preparations;

    (F) the last 3 consecutive fiscal year profit, return on assets is not less than 0.6%, return on capital is not less than 11%.

    (VII) other prudent requirements as specified by the CBRC.

    70th branch shall cover the establishment and opened in two stages.

    71st rural commercial banks and rural cooperative banks, rural banks established in the jurisdiction where the registered branch, its build programme decided by the Corporation after the opening report. 72nd rural commercial banks and rural cooperative bank, rural bank branch within the jurisdiction where the registered applications for approval submitted by the institution, by the CBRC local city or state banking regulatory Bureau to receive, review and make decisions.

    The CBRC or banking regulatory Bureau within 2 months from the date of acceptance of approval or disapproval shall be approved by the written decision. 73rd rural commercial banks and rural cooperative banks to set up branches in different places is subject to ratification, and in one province can apply for establishing a 1 remote branch at a time.

    Opened on receipt of the reply does not agree to build or acquire approval, the applicant may reapply. 74th rural commercial banks and rural cooperative bank branches in different places to build applications submitted by legal bodies, the proposed branch is located the CBRC local city or state banking regulatory Bureau accepted, the banking regulatory Board for review and decision.

    The banking Board from receipt of complete application materials directly within 4 months from the date of acceptance or approval or not approval of the written decision. 75th remote branch of the establishment for a period of 6 months from the date of the approval decision. Fails to complete the preparatory work, the applicant shall, before the expiry of the period for the provision of 1 month extension request submitted to the authorities, decisions receipt of complete application materials or the decision on the date of acceptance in the 20th.

    Build an extension for a maximum period of 3 months.

    Applicants should be submitted prior to the expiry of the period prescribed in the preceding paragraph branch opening applications, overdue, failure of planning approval documents, handled by the authorities to build license cancellation. 76th rural commercial banks and rural cooperative bank opened branches in different places by the legal organizations to apply, the proposed branch is located the CBRC local city or state banking regulatory Bureau to receive, review and make decisions.

    The CBRC or banking regulatory Bureau within 2 months from the date of acceptance of approval or disapproval shall be approved by the written decision. 77th rural commercial banks and rural cooperative banks to set up branches in different places of the preparation and the opening where the application should be copied to the applicant the CBRC and the CBRC.

    Preparation opening approval documents and approval where the files should be copied to the applicant the CBRC and the CBRC. 78th applicant after receipt of the file and receive a financial license approved by the branch opening, to register with the Administrative Department for industry and commerce to obtain business licenses.

    Branch established in the jurisdiction where the registered must obtain police, fire departments on security, fire-fighting equipment acceptance certificates opened and reported to authorities for the record before the opening. Branch within 6 months since the date of business license should be opened. Failed to open on schedule, the applicant shall open before the expiration of 1 month opened extension of the application submitted to the authorities. Authorities upon receipt of a written request, within 20th Gan of making decision on whether granting an extension.
Opened an extension for a maximum period of 3 months.

    Opening branch within the time limits prescribed in the preceding paragraph, the original opening authorization failure, up to authorities for opening license cancellation procedures to recover its financial licenses, and make an announcement.

    Section II set up sub-branches

    79th rural commercial banks and rural cooperative banks, rural banks to set up branches, shall comply with the following conditions:

    (A) good corporate governance, sound and effective internal controls, last 1 year no major violations;

    (B) have the ability to allocate operating funds, and allocation of branch management to adapt to the size of working capital;

    (C) capital adequacy ratio of not less than 8%;

    (D) business practitioners;

    (E) meet the requirements of the business premises, safety measures and other facilities related to the business;

    (Vi) other prudent requirements as specified by the CBRC.

    80th branch shall cover the establishment and opened in two stages.

    Construction programme decided by the Corporation after the opening report. Applications for approval submitted by the institution, by the CBRC local city or state banking regulatory Bureau to receive, review and make decisions.

    The CBRC or banking regulatory Bureau within 2 months from the date of acceptance of approval or disapproval shall be approved by the written decision. 81st applicant shall upon receipt of the file and receive a financial license approved by the open, to register with the Administrative Department for industry and commerce to obtain business licenses.

    Branch in police and fire department must be obtained for security, fire-fighting equipment acceptance certificates opened and reported to authorities for the record before the opening. Branch within 6 months since the date of business license should be opened. Failed to open on schedule, the applicant shall open before the expiration of 1 month opening to the authorities within the extension application. Authorities upon receipt of a written application made within 20th of whether to approve the extension decision.

    Opened an extension for a maximum period of 3 months.

    Open sub-branches within the time limits prescribed in the preceding paragraph, the original opening authorization failure, up to authorities for opening license cancellation procedures to recover its financial licenses, and make an announcement.

    Third quarter mortgage company branch established 82nd finance companies according to business need, set up branch offices in the County.

    Set up branch offices shall conform to the following conditions:

    (A) has the ability to allocate operating funds and allocated with branch management to adapt to the size of working capital;

    (B) sound and effective internal control system, the last 1 year no major violations;

    (C) good asset quality, capital adequacy ratio not less than 8%;

    (D) staff familiar with the business;

    (E) meet the requirements of the business premises, safety measures and other facilities related to the business;

    (Vi) other prudent requirements as specified by the CBRC.

    83rd branch of a lending company shall cover the establishment and opened in two stages.

    Construction programme decided by the Corporation after the opening report. Loan company branch opening applications, submitted by the institution, by the CBRC local city or state banking regulatory Bureau to receive, review and make decisions.

    The CBRC or banking regulatory Bureau within 2 months from the date of acceptance of approval or disapproval shall be approved by the written decision. 84th applicant shall upon receipt of the file and receive a financial license approved by the branch opening, to register with the Administrative Department for industry and commerce to obtain business licenses.

    Mortgage company branch in police and fire department must be obtained for security, fire-fighting equipment acceptance certificates opened and reported to authorities for the record before the opening. Branch of a lending company within 6 months since the date of business license should be opened. Failed to open on schedule, the applicant shall open before the expiration of 1 month opened extension of the application submitted to the authorities. Authorities upon receipt of a written application made within 20th of whether to approve the extension decision.

    Opened an extension for a maximum period of 3 months.

    Lenders opened branches within the time limits prescribed in the preceding paragraph, the original opening authorization failure, up to authorities for opening license cancellation procedures to recover its financial licenses, and make an announcement.

    Fourth section, credit unions, branch establishment

    85th rural credit cooperatives to establish credit cooperatives, rural credit cooperatives and County (city, district) rural credit cooperative unions, rural credit cooperatives to set up branches, the applicant shall comply with the following conditions:

    (A) sound and effective risk management and internal control, no major violations within the last 1 years;

    (B) have an effective management information system;

    (C) capital adequacy, bad loan ratios, profitability and other major indicators of regulatory compliance with regulatory requirements;

    (D) has the ability to allocate operating funds, which allocate a single Credit Union working capital minimum of not less than 500,000 yuan, allocated to a single branch of the working capital and to adapt to the size of its management, allocation of branches shall not exceed the total capital the total working capital of 60%;

    (Vi) other prudent requirements as specified by the CBRC. 86th establishment subject to the preparation of the credit unions, branch and opened in two stages.

    Construction programme decided by the Corporation after the opening report. 87th credit unions, branch opening applications submitted by the institution, by the CBRC local city or state banking regulatory Bureau to receive, review and make decisions.

    The CBRC or banking regulatory Bureau within 2 months from the date of acceptance of approval or disapproval shall be approved by the written decision. 88th applicant on receipt of the file, after receiving financial license approved by the open, to register with the Administrative Department for industry and commerce to obtain business licenses.

    Credit cooperatives, branches shall be made in police and Fire Department on security, fire-fighting equipment acceptance certificates opened and reported to authorities for the record before the opening. Credit cooperatives, branches should open within 6 months from the date of registration. Failed to open on schedule, the applicant shall open before the expiration of 1 month opened extension of the application submitted to the authorities. Authorities upon receipt of a written application made within 20th of whether to approve the extension decision.

    Opened an extension for a maximum period of 3 months.

    Credit unions, opening branches within the time limits prescribed in the preceding paragraph, the original opening authorization failure, up to authorities for opening license cancellation procedures to recover its financial licenses, and make an announcement.

    V save (district, municipal) Union of rural credit cooperatives offices

    89th provincial (district, municipal) rural credit cooperatives Union set up an Office shall comply with the following conditions:

    (A) in line with the principle of high efficiency and low cost;

    (B) meet the qualifications of senior managers and qualified staff familiar with banking;

    (C) meet the requirements of the Office;

    (D) other prudent requirements as specified by the CBRC. 90th provincial (district, municipal) rural credit cooperatives Union the establishment of the Office application, submitted by the institution, by the CBRC local city or state banking regulatory Bureau, where accepted, the banking regulatory Board for review and decision.

    The banking Board from receipt of complete application materials directly within 3 months from the date of acceptance or approval or not approval of the written decision.

    91st since the CBRC approved the establishment within 3 months from the date, province (autonomous region, municipal) Office of the Union of rural credit cooperatives should be established.

    Established by the Office within the time limits prescribed in the preceding paragraph, the original set up authorization failure, established by the decision authority license cancellation, and shall be published.

    Sixth section self-help Bank established

    92nd article self Bank is refers to rural commercial banks, and rural cooperation Bank, and village Bank, and rural credit unions, and County (city, and district) rural credit unions joint social and rural credit cooperation Association in its business places yiwai established, and has independent business places, provides save withdrawals, and loan, and transfers, and currency exchange and query, financial service function of no business dot, but in Mall, and hotel, and enterprises, buildings within placed of only provides withdrawals, and transfers, and query service of automatically withdrawals machine except.

    Setting up self banks should be subject to the following conditions:

    (A) with a sound regulatory framework, internal control ability, last 1 year no major violations;

    (B) developing self-service banking technology and personnel;

    (C) meet the requirements of the business premises, safety measures and other facilities related to the business;

    (D) other prudent requirements as specified by the CBRC. 93rd self-help Bank applications, submitted by the institution, Bank proposed to the CBRC local city or state banking regulatory Bureau to receive, review and make decisions.

    The CBRC or banking regulatory Bureau within 2 months from the date of the acceptance approval or not approval of the written decision. 94th self-service banking should be opened within 3 months from the date of approval. Failed to open on schedule, the applicant shall establish before the expiry of 1 month opened extension of the application submitted to the authorities. Authorities upon receipt of a written application made within 20th of whether to approve the extension decision.

    Opened an extension for a maximum period of 3 months.

    Self opening bank does not, within the time limits prescribed in the preceding paragraph, the approval of open file failure, up to authorities for opening license cancellation.

    Buffet after the Bank opened, the Corporation shall promptly report to the authorities the self-help Bank operations, internal control management and facilities, and so on.

    Fourth chapter change

    The first institutional change

    95th institutional change, including: changing the name, change residence, change form, change of ownership, change of its registered capital, amend the Constitution, discrete, mergers, acquisitions and temporary closure.

    96th Corporation changes its name, the name shall be indicated in the "rural commercial bank", "rural cooperative banks," "Village Bank", "loan", "Credit Union", "Union", "cooperative" and "rural mutual cooperatives" kind words from, among others, and in accordance with the protective principles of uniqueness and goodwill. Corporate name change, by the CBRC local city or state banking regulatory Bureau to receive, review and make decisions.

    Authorities for the CBRC after the CBRC report.
Provinces (autonomous regions and municipalities) rural credit cooperative unions, municipalities, rural cooperative banks and rural commercial banks change names of municipalities, decided by the banking regulatory Bureau to receive, review and subsequently report the CBRC.

    97th Corporation changes its domicile, should meet the requirements of shelter, safety and other business-related facilities.

    Administrative Division, due to reasons such as the adjustment of administrative division Street and building numbers change and actual position does not change, should be reported in the 15th after the change of territorial regulator.

    Institution changes its domicile administrative permissions applicable to the provisions of article 96th. Institutional change due to maintenance reasons, such as temporary residence within 6 months, corporate bodies should notice in the original residence, temporary residence, and 10th in advance to the local banking regulator reported that temporary residence shall comply with the requirements of the police and the Fire Services Department.

    Fetch the original residence, legal institutions in advance 10th public security, to fetch the residence certificate issued by the Fire Department, fire safety certificates and material reporting the local banking regulator, and make an announcement.

    98th rural small and medium financial institutions change form shall be in accordance with the relevant financial institutions to establish conditions and procedures for administrative licenses.

    Change form for conversion to other financial institutions small and medium financial institutions in rural areas, in accordance with the rural small and medium financial institutions to establish the conditions and procedures for administrative licenses.

    99th rural small and medium financial institutions stake change, its assignee shall comply with the measures imposed on similar institutions sponsor (Investor) qualifications.

    Transfer of stakes in local rural credit cooperatives Union, the single rural commercial banks and rural cooperative banks, County (city, district) rural credit cooperative unions and County (city, district) rural credit cooperatives, rural credit cooperatives Union, shares shall not exceed the total amount of share capital of 10%, shares shall not exceed the amount of its paid-up capital 50%.

    Rural commercial banks and rural cooperative banks, rural banks and rural credit cooperatives, rural credit cooperatives, rural credit cooperative unions and rural mutual cooperatives change capitalization or total shares 5% per cent, 10% of shareholders (members), by the CBRC local city or state banking regulatory Bureau to receive, review and make decisions.

    Rural commercial banks, and rural cooperation Bank, and village Bank, and rural credit unions, and rural credit cooperation Association and rural funds mutual social change holds capital total or shares total 10% above, and 25% following of shareholders (members), by Silver prison branch or where City silver prison Council accepted, silver prison Council review and decided; change 25% above of shareholders (members), by Silver prison Council accepted, silver prison will review and decided.

    Provinces (autonomous regions, municipalities) to rural credit cooperatives and social change holds total capital or shares 5% per cent of total membership by the CBRC, examine and decide.

    100th foreign financial institutions transfer of shares shall be consistent with this 15th and 16th promoter a stake in conditions provided for in article.

    Transfers to overseas financial institutions owned by the Banking Commissioner's Office and a preliminary examination, Banking Regulatory Commission review and decision.

    101th Corporation changes its registered capital and its shareholders (members) qualifications shall be consistent with this approach to similar agency sponsors (Investor) conditions. Provincial Association to change its registered capital, accepted by the CBRC, China Banking Regulatory Commission review and decision. Other institutional changes its registered capital, its administrative permissions to apply the provisions of article 96th.

    Invested in overseas financial institutions are involved, accepted by the CBRC and preliminary examination, Banking Regulatory Commission review and decision. Corporation by way of rights issue or direct offering which changes its registered capital, which changes its registered capital should also go through a rights issue or raise new programmes approved before.

    Receive, review and decision process of the programme stipulated in the previous paragraph. 102th rural small and medium financial institutions in the territory of the public share offer and listing of shares, shall comply with the relevant laws and regulations and the provisions relating to the conditions of the CSRC.

    Prior to application to the China Securities Regulatory Commission, shall apply to the China Banking Regulatory Commission and approved.

    Rural small and medium financial institutions in the public offering and listing shares in the territory, accepted by the CBRC and preliminary examination, Banking Regulatory Commission review and decision.

    103th Corporation amended regulations apply administrative permissions this way 96th of the rules.

    Corporate name, residence, ownership, registered capital approved by the CBRC and its local institutions after the change, involves modifying the articles content, legal entities shall make an approval decision within 3 months of decision, the modified regulation authorities for the record.

    104th Corporation Division or merger shall be subject to the following conditions:

    (A) the rural cooperative banks, rural credit cooperatives, rural credit cooperative unions, rural credit cooperatives, provincial (district, municipal) Union of rural credit cooperatives and rural mutual cooperatives Division or merger shall be referred to the People's Republic of China company law provisions such as rural commercial banks, rural banks, loan companies divided or merged should be consistent with the People's Republic of China company law and other relevant provisions;

    (B) Division, after the merger the shareholder (member) qualifications, capital structure and the related monitoring indicators in line with prudential requirements;

    (C) other legal bodies established conditions.

    Separation of existence, after the expiry of the notice in the Division, neither party shall be in accordance with the changes of the conditions and procedure for the adoption of an administrative license; the new party should be opened in accordance with legal conditions and procedures via administrative permission.

    The new Division, after the expiry of the notice in the Division, the new party should be opened in accordance with legal conditions and procedures by administrative license; original Corporation should be dissolved in accordance with the legal matters through the administrative license. Merger, merger announcements after the expiration, merged party shall change the conditions and procedure for the adoption of an administrative license; absorbed by merging parties should be dissolved in accordance with the legal matters of administrative licensing.

    Was merged into branch offices should be opened in accordance with branch conditions and procedure for the adoption of an administrative license.

    Merger by new establishment, merger announcements after the expiration of the term, new beat as corporate bodies the terms and procedure of administrative license; original Corporation should be dissolved in accordance with the legal matters through the administrative license.

    105th article this section changes, accepted by the subordinate regulatory authorities, reported by the regulatory authority decisions, supervision organs at higher levels within 3 months from the date of receipt of the complete application materials approved or not approved by written decision accepted, reviewed and decided by the same regulatory authorities, within 3 months from the date of the acceptance to approve or disapprove the decision in writing. 106th Corporation ceased operations, time for more than 3 days in a row in this part within 6 months for the temporary closure.

    Corporate temporary closure of this part by the Corporation as the applicant. Corporate headquarters temporarily closed by the CBRC local city or state banking regulatory Bureau to receive, review and make decisions.

    The CBRC or banking Board from the date of acceptance in the 10th to approve or disapprove the decision in writing. Approved provisional closure of expiration or led to the temporary closure of elimination, provisional institutions of business should be to resume business, the original application must be reported to the authorities within the 5th after the resumption.

    Under special circumstances, necessary extension of temporary closure, according to the procedures in the preceding paragraph apply.

    Section II branch changes

    107th branches change include: change of name, change of business premises, temporary change of business premises, institutional upgrading, downgrading, temporarily out of business.

    108th branches change names should be indicated in the name "branch", "Bo", "company", "Bank", "Credit Union", "Office", "savings bank" and "the Office" institutional words name should conform to the uniqueness and goodwill principles of protection.

    109th branch change of business premises, shall meet the requirements of the business premises, safety measures and other facilities related to the business.

    110th branches due to maintenance reasons, such as temporary change of business premises within 6 months, applies to 100th provisions of these measures.

    111th savings bank shall comply with the requirements of the upgraded to branch, Bank, branch upgraded to a credit union shall comply with the Credit Union to set up conditions, rural commercial banks and rural cooperative banks, upgrading of rural bank branches shall comply with the conditions of establishment of branches or sub-branches. 112th branches down without administrative permission, but authorities must, after the report.

    Other changes due to branches reduced, mutatis mutandis, the relevant provisions. 113th branch changes by corporate bodies apply the local CBRC city or state banking regulatory Bureau to receive, review and make decisions.

    The CBRC or CBRC made within 3 months from the date of the acceptance approval or not approval of the written decision. 114th branches closed for more than 3 days in a row within 6 months for the temporary closure.

    Branch temporarily out of business by the Corporation as the applicant.

    Provisional closure of the branch administrative permissions and the term applies to the way article 106th.

    The fifth chapter termination

    First legal termination

    115th Corporation has one of the following circumstances shall apply for dissolution:

    (A) the operating period as prescribed by the articles expires or the articles of other causes for dissolution occurs;

    (B) the authority of the dissolution resolution;

    (C) the Division or merger to be dissolved. Rural banks, loan companies, rural credit cooperatives and County (city, district) rural credit cooperative unions, County (city, district) rural credit cooperatives, rural mutual cooperatives dissolved, by the CBRC local city or state banking regulatory Bureau accepted, the banking regulatory Board for review and decision.

    The banking Board from receipt of complete application materials directly within 3 months from the date of acceptance or approval or not approval of the written decision. Rural commercial banks and rural cooperative banks, rural credit cooperative unions, rural credit cooperatives and the provincial (district, municipal) dissolution of the rural credit cooperative unions, accepted by the CBRC and preliminary examination, Banking Regulatory Commission review and decision.

    CBRC within 3 months from the date of receipt of the complete application materials to approve or disapprove the decision in writing.

    Corporation due to dissolved is divided or merged, together with the Division or merger for approval.
116th Corporation has one of the following, before filing for bankruptcy to the Court, shall apply to the China Banking Regulatory Commission and approved:

    (A) unable to pay its debts, voluntary or request of the creditor bankruptcy;

    (B) dissolution and liquidation, the liquidation team found body property is insufficient to pay off debt, filed for bankruptcy. Rural small and medium financial institutions to file for bankruptcy, accepted by the CBRC and preliminary examination, Banking Regulatory Commission review and decision.

    CBRC within 3 months from the date of receipt of the complete application materials to approve or disapprove the decision in writing.

    Branch section II termination of

    117th terminates its business operations branch (was cancelled), the Corporation terminates its business operations shall be submitted to the application. 118th branch terminates its business operations to the application, which the branch is located the CBRC city or state banking regulatory Bureau to receive, review and make decisions.

    The CBRC or CBRC made within 3 months from the date of the acceptance approval or not approval of the written decision.

    Rural commercial banks and rural cooperative bank branches terminate in different places the approval document shall be copied to legal place of China Banking Regulatory Commission and the CBRC.

    Sixth chapter, adjusting the scope of business and increasing business varieties

    Opened the first section of the exchange business and to increase foreign exchange business

    Apply for foreign exchange business 119th article (except for foreign exchange settlement and sales) and increase foreign exchange businesses shall be subject to the following conditions:

    (A) compliance management according to law, a sound and effective internal control system, operating in good condition;

    (B) the capital adequacy ratio of not less than 8%, the core capital adequacy ratio of not less than 4%;

    (C) declare their foreign exchange business knowledge exchange operating funds and qualified practitioners of foreign exchange operations;

    (D) that complies with the requirements of foreign exchange business premises and related facilities;

    (E) the last 1 year no major violations;

    (Vi) other prudent requirements as specified by the CBRC.

    Section 120th for conducting foreign exchange operations and foreign currency business, and by the CBRC local city or state banking regulatory Bureau accepted, the banking regulatory Board for review and decision.

    The second offering of subordinated term debt and issuance of subordinated bonds

    Section 121th raise subordinated term debt and subordinated bonds issued by private means, shall satisfy the following conditions:

    (A) true and accurate loan classification;

    (B) the core capital adequacy ratio of no less than 4%;

    (C) adequate provisioning for loan losses;

    (D) have a good corporate governance structure;

    (E) the last 1 year no major violations;

    (Vi) other prudent requirements as specified by the CBRC.

    Public offering of subordinated bonds diyi、San、SI、Wu conditions should be consistent with the preceding paragraph, and the core capital adequacy ratio of not less than 5%.

    Section 122th raise subordinated debt and applying for issuance of subordinated bonds on a regular basis, accepted by the CBRC and preliminary examination, Banking Regulatory Commission review and decision.

    Section III opening derivatives trading business

    123th rural commercial banks and rural cooperative banks, rural banks and rural credit cooperatives to apply for opening derivatives trading business, shall meet the following requirements:

    (A) operating in good condition, the main risk supervision indicators to meet the requirements;

    (B) they have sound derivatives trading risk management systems and internal control systems;

    (C) have sound derivatives trading, ago, automatically join the business, and the background processing system and real-time risk management systems;

    (D) the derivatives trading business executives should have at least 5 years directly involved in derivative trading and risk management experience, and has no adverse record;

    (E) engage in derivative products or related transactions for more than 2 years, and received specialized training for more than six months of trading derivatives trading skills at least 2 and related risk management staff at least 1, risk model for researchers or risk analysis at least 1 and above are required to post personnel, shall not concurrently with each other, and no adverse record;

    (F) premises and equipment meet the requirements of the transactions;

    (VII) other prudent requirements as specified by the CBRC.

    Section 124th run derivatives trading business, accepted by the CBRC and preliminary examination, Banking Regulatory Commission review and decision.

    Fourth quarter release-credit cards

    Section 125th issue debit cards shall comply with the following conditions:

    (A) operating in good condition, the main risk supervision indicators to meet the requirements;

    (B) meet the requirements of the risk management and internal control systems;

    (C) guarantee the security of information technology and its security, and efficient computer system;

    (D) qualified technical staff, managers and the appropriate regulatory bodies;

    (E) other prudent requirements as specified by the CBRC.

    Issuing foreign currency cards shall comply with the relevant provisions of the foreign exchange management.

    126th rural commercial banks and rural cooperative banks, rural banks, loan companies, rural credit cooperatives and County (city, district) rural credit cooperatives Union and rural credit cooperatives apply for credit card business from the CBRC local city or State Banking Regulatory Commission Office, the banking regulatory Board for review and decision.

    Provinces (autonomous regions and municipalities) rural credit cooperatives, rural credit cooperatives Union accepted the jurisdiction of rural commercial banks and rural cooperative banks, rural credit cooperatives, rural credit cooperatives Union delegate and rural credit cooperatives outsourcing, application for unified credit card brands.

    Apply to the rural credit cooperatives Union Unity credit card brands, by the CBRC local city or state banking regulatory Bureau accepted, the banking regulatory Board for review and decision.

    Provinces (autonomous regions and municipalities) applications for rural credit cooperatives Union Unity credit card brands, accepted by the CBRC and preliminary examination, Banking Regulatory Commission review and decision.

    Fifth Festival offering securities investment fund custody business

    127th apply for securities investment fund custodian shall comply with the following conditions:

    (A) the net assets at the end of the last 3 fiscal years shall not be less than 2 billion yuan, the capital adequacy ratio in accordance with regulatory provisions;

    (B) has a specific Fund custody Department, and with other business sectors remain independent;

    (C) the Fund custody Department senior managers to be appointed in accordance with the statutory requirements, to be engaged in the oversight of Fund liquidation, accounting, investment, information disclosure, internal auditing and monitoring business practitioner of not less than 5 persons and have the professional qualifications for the Fund;

    (D) the conditions for safe custody of assets of the Fund:

    1. the equipment and facilities engaged in Fund custody business;

    2. each fund individually establish accounts, the assets of the Fund, an independent;

    3. the strict separation of assets managed the assets of the Fund and its own storage;

    4. to supervise and Fund Manager of investment operations;

    5. performing Fund Manager's instructions, processing, distribution base look at assets;

    6. law review, review the Fund of fund managers calculated net asset value, net value of fund shares and subscription and redemption prices;

    7. the safekeeping custodian operations records, account books, reports and other relevant information;

    8. have a sound system hosting business.

    (E) secure and efficient clearing and settlement systems:

    1. system of securities trading settlement funds transfers to accounts in two hours;

    2. received from the Exchange security data;

    3. Fund management and fund registration, securities registration and clearing institutions operational agencies, such as system security and docking;

    4. carrying out investment fund manager directive, timely clearing and settlement matters.

    (F) Fund custody Department have a fixed place to meet business needs, equipped with independent safety monitoring and control system:

    1. Fund custody Department of the business premises is relatively independent, equipped with access control systems;

    2. contact the Fund's position: transaction data has a separate office premises;

    3. a comprehensive fund data confidentiality;

    4. Security Fund custody business data backup system;

    5. the emergency programme Fund custody business, emergency response capacity.

    (G) Fund custody Department is equipped with independent hosting business technology systems, including network systems, application systems, security systems, data backup system;

    (H) improve internal auditing and monitoring system and risk control system;

    (I) the last 1 year no major violations;

    (X) laws, administrative regulations, and approved by the State Council securities and other conditions specified by the CBRC.

    128th apply for Securities Investment Fund custody business, accepted by the Commission, securities and Banking Regulatory Commission review and decision.

    129th CBRC shall from the date of receipt of the Commission's checks in the 20th, and make a decision to approve or not to approve and notify the Commission; not to approve decisions of the CBRC, and shall in the notice State the reasons.

    Sixth section to start offshore banking

    130th apply for offshore banking should be subject to the following conditions:

    (A) the recent 1 year no major violations;

    (B) the foreign exchange assets of the required size, and good business performance in foreign exchange;

    (C) exchanges in line with offshore banking requirements, and no bad records in the previous operations, supervisors should conduct foreign exchange business more than 5 years, other practitioners should engage in at least 50% in foreign exchange business for more than 3 years;

    (D) sound and effective risk management and internal control system;

    (E) meet the offshoring of premises and facilities;

    (Vi) other prudent requirements as specified by the CBRC.

    131th apply for offshore banking, accepted by the CBRC and preliminary examination, Banking Regulatory Commission review and decision.

    Seventh Festival opening stock collateral loan business

    132th applications for operating loans backed by shares shall be subject to the following conditions:

    (A) operating in good condition, the main risk supervision indicators to meet the requirements;

    (B) sound and effective risk management and internal control systems, the development and implementation of the unified credit system;

    (C) developed with the business risk control measures and operational processes;

    (D) have full-time departments and personnel responsible for the operation and management of stock mortgage loan business;
(E) specialized business management information system, can understand the stock market listed company important information synchronized;

    (Vi) other prudent requirements as specified by the CBRC.

    133th open stock-hypothecated loan applications by the CBRC local city or state banking regulatory Bureau accepted, the banking regulatory Board for review and decision.

    Eighth section ' applications for operating other businesses

    134th applications for operating other businesses specified in the current regulations and, by the CBRC local city or state banking regulatory Bureau accepted, the banking regulatory Board for review and decision.

    135th applications for operating the existing law was not clearly defined business and variety, from the CBRC separately.

    Article 136th operational matters, accepted by the subordinate regulatory authorities, reported by the regulatory authority decisions, supervision organs at higher levels within 3 months from the date of receipt of the complete application materials approved or not approved by written decision accepted, reviewed and decided by the same regulatory authorities, within 3 months from the date of the acceptance to approve or disapprove the decision in writing.

    The seventh chapter Director (Director) and senior management personnel qualifications for licensing

    Section of job qualifications

    137th rural commercial banks and rural cooperative banks, rural banks, Chairman, Vice Chairman, independent Director, and Secretary of the Board of Directors; rural credit cooperatives, rural credit cooperative unions, rural credit cooperatives, provincial (district, municipal), Chairman of the Union of rural credit cooperatives, rural mutual cooperatives, Vice Chairman, independent members, and other members shall be licensed by the qualification. Rural commercial banks, and rural cooperation Bank, and village Bank of President, and Deputy President, and CEO, and Chief operation officer, and Chief risk control officer, and Chief Technology Officer, and financial Director, and President Assistant, and sales General Manager (Director), and total Audit Division, and Chief Accountant, and within trial head, and financial head and collection rules head; loan company General Manager; rural credit unions Director; rural credit unions joint social, and rural credit cooperation Association Director, and Deputy Director and Sales Director; province (district, and

    City) Director of the rural credit cooperatives Union, Deputy Director, head of compliance departments, the Office of the Director and Deputy Director of rural mutual cooperatives Manager, rural commercial banks and rural cooperative banks, rural bank branch manager; the County (city, district), Director of the rural credit cooperative credit unions, rural credit cooperatives Credit Union directors, Deputy Directors and other senior managers is subject to qualification license.

    Not in these positions, but their duties including the directors listed in the preceding two paragraphs (Director) and senior management responsibilities, according to the CBRC found similar qualifications of the personnel into management.

    138th of rural small and medium financial institutions directors to be appointed (Director) and senior management officers shall comply with the following basic qualifications:

    (A) have full capacity for civil conduct;

    (B) compliance compliance with the good record, good character and reputation;

    (A) has served as Director of financial institutions (Director), senior management positions required knowledge, experience and ability, with good economic, personnel records;

    (D) personal and family financial stability;

    (E) has served as Director of financial institutions (Director), the independence required for senior management positions;

    (Vi) the CBRC other conditions determined in accordance with the principle of prudent supervision.

    139th of rural small and medium financial institutions directors to be appointed (Director), senior management does not comply with the article 138th (b), (c) condition of scenarios include:

    (A) criminal record of intentional or gross negligence;

    (B) serve as is or has been taken over, revocation, bankruptcy or revoke business licenses of boards of Directors (governing) or senior managers;

    (C) violations of professional ethics, integrity or serious dereliction of duty caused significant damage or adverse effects;

    (D) instigating, participating in working against or regulation cases, serious;

    (E) penalties from regulators or other financial regulatory authorities has exceeded twice;

    (F) does not meet the qualifications stipulated in this way, but using unfair means to attempt to obtain the qualification approval;

    (G) the CBRC ascertained in accordance with the principle of substance over form does not meet the rural small and medium financial institutions Directors (Director), senior management, reputation, conduct, knowledge, experience, ability to minimum regulatory requirements in other circumstances.

    The preceding paragraph (b), except as to prove himself was not at fault in. 140th rural small and medium.

    Financial institution directors to be appointed (Director), senior management does not comply with the article 138th (iv), (v) condition of scenarios include:

    (A) his or her spouse has a large amount of debt and failed to repay;

    (Ii) or their spouses cannot repay the loans obtained from the financial institution;

    (C) of himself, his spouse or himself within three generations, the straight, hold the financial institutions more than 5% shares or equity, and obtain loans from the financial institutions clearly exceeded its net value of the shares of financial institutions;

    (D) his or her spouse in possession of 5% per cent of the financial institution shares or equity shareholders of formations, and the shareholder loans from the financial institutions to obtain significantly more than its net value of the shares of financial institutions;

    (E) other economic organizations, and positions in the financial institution to be appointed positions has obvious conflicts of interest or clearly separated in the financial institutions duty time and energy;

    (Vi) banking regulator in accordance with the principle of substance over form has failed to meet the rural small and medium financial institutions determine Director (Director) and senior managers in the financial situation, the independence of the regulatory minimum requirements in other circumstances.

    The preceding paragraph (iv) can prove that the loans and their spouses not excepted.

    141th except in the case provided in 139th, 140th, small and medium financial institutions in rural areas to be appointed independent directors (directors) cannot meet the qualification criteria also include:

    (A) themselves or their close relatives hold the financial institutions more than 1% shares or equity;

    (B) themselves or their close relatives hold the financial institutions more than 1% shares or equity positions in Office;

    (C) his or her close relatives in the financial institution, the financial institution holding or 1 level control bodies;

    (D) himself or his close relatives in employment cannot repay the loans of the financial institutions sector;

    (V) himself or his close relatives at the Agency and I intend to serve financial institutions between the legal, accounting, auditing, management consulting business contact or credit and debt interest;

    (Vi) himself or his close relatives may be intended to serve financial institutions large shareholders, top management control or exercise significant influence, other circumstances that interfere with their duty of independence.

    (VII) the regulator in accordance with the principle of substance over form to determine does not meet the independent Director of rural small and medium financial institutions (Director) the independence of the regulatory minimum, other cases.

    Referred to in the preceding paragraph close relatives, including spouses, parents, children, grandparents, grandparents, brothers and sisters.

    In the circumstances listed in the preceding two paragraphs except to prove that does not affect the duty of independence. State personnel may not serve concurrently as independent Director of rural small and medium financial institutions (Director). Independent directors (directors) serving in the same small and medium financial institutions in rural areas should not exceed 3 years.

    3-year period, you can continue to serve as Director of the rural small and medium financial institutions (Director), but not as an independent Director (Director).

    142th article of rural small and medium financial institutions to be appointed directors (directors) shall also comply with the following conditions:

    (A) have to fulfil Directors (directors) duties of work experience;

    (B) through financial institutions, to the financial statements and statistical reports to determine the management and risk profile of financial institutions;

    (C) understanding of the proposed agency's governance structure, articles of association as well as the directors of the company (directors) duties.

    Rural mutual cooperatives member does not apply the provisions of this article.

    143th, Chairman of small and medium financial institutions in rural areas to be appointed (Director), Vice Chairman (Vice President), independent Director (independent directors) and Secretary of the Board of Directors shall also meet the following qualifications and respectively working years requirements:

    (A) intends any rural commercial banks, and rural cooperation Bank Chairman, and Deputy Chairman, province (district, and city) Rural Credit Union joint social, Chairman of, and Deputy, Chairman of, to city rural credit unions joint social, and to city rural credit cooperation Association, Chairman of, and Deputy, Chairman of, should has undergraduate above degree, engaged in financial work 6 years above, or engaged in related economic work 10 years above (which engaged in financial work 3 years above);

    (B) the proposed any County (municipal and district) rural credit cooperative unions, County (city, district) Vice Chairman and a Director of the rural credit cooperatives, rural commercial banks and rural cooperative banks as Board Secretary should have a college education, engaged in financial work for more than 6 years, or in the related economy over 10 years (of which engaged in financial work for more than 3 years);

    (C) the village Bank to be appointed Chairman and Executive Director, should have a college education, engaged in financial work for more than 5 years, or engaged in economic work 8 years experience (of which engaged in financial work for more than 2 years);

    (D) the proposed Vice Chairman and a Director of the rural credit cooperatives, should have secondary education, engaged in financial work for more than 4 years, or related work in 8 years (of which engaged in financial work for more than 2 years);

    (E) rural mutual cooperatives to be appointed Director of the should have a high school or technical school degree or above;

    (Vi) to be appointed independent directors (independent Director), should have a Bachelor's degree or more than mid-level titles, with over 5 years of legal, economic, financial, financial or other benefit performance of independent directors (directors) duties of work experience.

    144th proposed senior managers of small and medium financial institutions in rural areas should be aware of the proposed duties of the position, familiar with the Agency's management framework, the business model of the same type, familiar with the Agency's internal control system of the same type, with the risk management capacity commensurate with the proposed position.
145th senior managers of small and medium financial institutions in rural areas should also be reached the following qualifications and working age:

    (A) intends any rural commercial banks, and rural cooperation Bank President, and Deputy President, and CEO, and Chief operation officer, and Chief risk control officer, and Chief Technology Officer, and financial Director, province (district, and city) Rural Credit Union Joint Social Director, and Deputy Director, to city rural credit unions joint social and to city rural credit cooperation Association Director, and Deputy Director, province (district, and city) Rural Credit Union Joint Social Office Director, and Deputy Director, should has undergraduate above degree, engaged in financial work 6 years above,

    Or related work in more than 10 years (of which engaged in financial work for more than 3 years);

    (Ii) intends any County (city, and district) rural credit unions joint social, and County (city, and district) rural credit cooperation Association Director, and Deputy Director, to city rural credit cooperation Association Credit Union Director, and Deputy Director, rural cooperation Bank and rural commercial banks President Assistant, should has College above degree, engaged in financial work 6 years above, or engaged in related economic work 10 years above (which engaged in financial work 3 years above);

    (C) to be appointed Director of the rural credit cooperatives and County (city, district), Director of the rural credit cooperatives Credit Union, should have secondary education, engaged in financial work for more than 4 years, or related work in 8 years (of which engaged in financial work for more than 2 years);

    (D) rural Bank Governor, Deputy to be appointed President and Chief Executive Officer, chief operating, Chief Risk Officer, Chief Technology Officer, Chief Financial Officer, finance company General Manager, should have a college education, engaged in financial work for more than 5 years, or engaged in economic work 8 years experience (of which engaged in financial work for more than 2 years);

    (E) rural commercial banks and rural cooperative banks to be appointed Chief Auditor, Treasurer, head of head of internal audit, finance, should have a college degree, achieved national or internationally recognized accounting and auditing technical intermediate grade or through national or international accreditation of accounting and auditing professional qualifying examinations (intermediate), and engaged in finance, accounting or audit work for more than 6 years;

    (F) the village Bank to be appointed Chief Auditor, Treasurer, head of head of internal audit, in charge of finance, regulatory compliance, should have a college degree, achieved national or internationally recognized accounting and auditing technical intermediate grade or through national or international accreditation of accounting and auditing professional qualifying examinations (intermediate), and engaged in finance, accounting or audit work for more than 5 years;

    (Seven) intends any County (city, and district) rural credit unions joint social, and County (city, and district) rural credit cooperation Association, and to city rural credit cooperation Association Credit Union, and rural commercial banks, and rural cooperation Bank Sales Director (General Manager), should has College above degree, engaged in financial work 6 years above, or engaged in related economic work 10 years above (which engaged in financial work 3 years above);

    (H) the proposed provincial (district, municipal) Union of rural credit cooperatives, rural commercial banks and rural cooperative bank compliance departments, should have Bachelor degree and doing financial work for more than 4 years;

    (I) the proposed rural commercial banks and rural cooperative banks and rural Bank Branch Manager, should have a college education, engaged in financial work for more than 4 years, or related work in 8 years (of which engaged in financial work for more than 2 years);

    (10) rural mutual cooperatives to be appointed manager, should have a high school or college education. 146th article this approach in the degree is refers to made national education competent sector approved has held degree education qualification of General College (containing training graduate of research units), and adult College, and private degree school by issued of degree certificate, or through self-study exam, made by State self-study exam Committee authorized the province (district, and city) self-study exam Committee issued of self-study exam diploma, or through in national education competent sector approved of party school, and adult University, and Military academies set up full-time diploma achieved attend normal classes, or obtain a diploma issued by a school diploma exam or participate in organized by the College in the form of distance education higher education and obtained their diploma, or made in accordance with the interim regulations for PLA colleges and academic certificate management of qualifications.

    Without these certificates or diplomas to be appointed, but subject to the following conditions, meet academic requirements:

    (A) the national education authorities recognised colleges and universities grant Bachelor degrees;

    (B) access to certified public accountants, registered Auditors or to positions of senior professional and technical qualification deemed to meet academic requirements, job qualifications, financial work experience requirements in 4 years should be added;

    (C) should have Bachelor degree requirements are junior college graduates should increase more than 6 years finance or at least 8 years related work experience (doing financial work for more than 4 years); education for high school or technical school, should be increased by 8 years of financial or 10 years related work experience (doing financial work for more than 5 years);

    (D) should have a college degree requirement is education for high school or College should increase more than 6 years finance or at least 8 years related work experience (doing financial work for more than 4 years).

    147th article does not meet the 143th, 145th and 146th person to be appointed as provided in clause, rural small and medium financial institutions consider that their ability to post the necessary knowledge, experience and capacity, may submit applications.

    Section II qualifications for licensing procedures

    148th Director (Director) and senior management personnel qualifications applied for by legal authority.

    149th of the following directors (Director) and senior management personnel qualifications applied for by the CBRC, examine and decide.

    (A) the County (city, district), rural commercial banks and rural cooperative banks, rural banks, Chairman, Vice Chairman, Executive Directors and other directors, Secretary of the Board of Directors and senior management, General Manager of loan;

    (B) rural commercial banks and rural cooperative banks, Vice President, Director, Company Secretary, Vice President, Chief risk officers, chief technology officers, Chief Executive Officer, Chief Operating Officer and Finance Director, President Assistant, Chief Auditor, Treasurer, audit principal, in charge of finance, compliance Director, Sales Manager;

    (C) rural credit cooperatives, counties (cities and districts) rural credit cooperative unions, County (city, district), rural credit cooperatives and rural mutual cooperatives Director-General, Deputy Director-General, Director and senior management personnel;

    (D) local rural credit cooperatives Union, City Deputy Director-General, Director of the rural credit cooperatives, the Deputy Director of local rural credit cooperation Association Sales Director;

    (E) rural commercial banks and rural cooperative banks, rural Bank Branch Manager, County (city, district), Director of the rural credit cooperatives Credit Union, city, rural credit cooperatives Credit Union Director, Deputy Director, provinces (cities, districts), Deputy Director of the Office of the Union of rural credit cooperatives.

    150th of the following directors (Director) and senior management personnel qualifications applied for by the CBRC accepted and preliminary examination, the banking regulatory Board for review and decision.

    (A) city rural commercial banks and rural cooperative bank Chairman and President;

    (B) local rural credit cooperatives Union, Director of the rural credit cooperatives, Director;

    (C) the provinces (cities, districts), Director of the Office of the Union of rural credit cooperatives. 151th article silver prison Council where City area within rural commercial banks, and rural cooperation Bank, and village Bank Director and senior management personnel, loan company General Manager, rural credit unions, and County (city, and district) rural credit unions joint social, and County (city, and district) rural credit cooperation Association, and to city rural credit unions joint social, and to city rural credit cooperation Association, and rural funds mutual social governing and senior management personnel, rural commercial banks, and rural cooperation Bank and village Bank branch President, County (city, and District), Director of the rural credit cooperative credit unions, rural credit cooperatives Credit Union Director and Deputy Director of qualifications apply.

    By the banking regulatory Bureau to receive, review and decision. 152th municipalities, rural commercial banks and rural cooperative bank Chairman, the Governors and provincial (district, municipal) rural credit cooperatives Union Director-General, officer qualification preliminary examination of applications accepted by the CBRC and the regulator will review and decide.

    Other municipalities, rural commercial banks and rural cooperative bank directors, senior managers and provincial (district, municipal) rural credit cooperative unions of other directors and senior management personnel qualifications applied for by the CBRC, examine and decide, later reported the CBRC. 153th article by Silver prison branch review and decided of Director (governing), and Chairman (, Chairman of), and Deputy Director (Deputy governing) long and the senior management personnel served qualification application need case audit of, its application by Silver prison branch accepted and preliminary review, silver prison Council review and decided; by Silver prison Council or silver prison will review and decided of Director (governing), and Chairman (, Chairman of), and Deputy Director (Deputy governing) long and the senior management personnel served qualification application need case audit of, its application by Silver prison Council accepted and preliminary review,

    Banking Regulatory Commission review and decision.

    154th rural commercial banks and rural cooperative banks and village banks and rural credit cooperatives, counties (cities and districts) rural credit cooperative unions, rural credit cooperatives, provincial (district, municipal) rural credit cooperative unions, rural mutual cooperatives and their branches newly established, the directors (Director) and senior management personnel qualifications applied for, approved in conjunction with the agency business permission.

    155th Chairman (Chairman), Vice Chairman (Vice President) and qualifications for senior managers talk, inspection and examination by the authorities or an agency authorized by the authorities in the review or prior.

    156th person he is or has been a member to be appointed Chairman of financial institutions (Governor-General), Vice Chairman (Vice President) and senior management personnel, qualifications of the applicants submitted application materials, the auditing report shall be submitted to the person to be appointed.
Auditing report mentioned in these measures refers to the rural small and medium financial institutions themselves or hire outside auditors for its retiring directors (governing) long, Deputy Director (Deputy Director) long, senior management audits, to the personnel within 60 days after departure from regulators to submit a written report.

    157th on the rural small and medium financial institutions Directors (governing) long, Deputy Director (Deputy Director) long departure audit report should include at least the following responsibilities (including lead responsibilities and direct responsibility) audit findings:

    (A) rural small and medium financial institutions in serving the assets, liabilities, profits and losses are real, legitimate;

    (B) serving rural small and medium financial institutions in compliance;

    (C) rural small and medium financial institutions in serving significant related party transactions are disclosed according to law;

    (Iv) Directors (directors) will operate properly.

    158th on the audit on the departure of the senior managers of small and medium financial institutions in rural areas should be included in at least the following aspects of the report by the responsible (including lead responsibilities and direct responsibility) audit findings:

    (A) rural small and medium financial institutions or departments they are working assets, liabilities, profits and losses are real, legitimate;

    (B) is in charge of business management is in compliance;

    (C) in charge of the operational effectiveness of internal controls, risk management;

    (D) duties are within the scope of a major case, a major and significant risk of loss;

    (E) whether the individuals involved in the operation of the working of the significant related party transactions;

    (Vi) financial illegal activities of the individuals involved. 159th article intends any people in same corporate institutions within mobilization, and new positions of served qualification conditions with currently has of effective served qualification of conditions same of, its new served institutions should in intends any people official served Qian to location regulatory institutions submitted written report, specific description intends any people currently has of served qualification situation, its intends any positions of name, and duties, and permission, and confirmed its intends any positions of served qualification conditions with currently has of served qualification conditions same,

    Person does not exist does not meet the qualifications to be appointed, you do not need to reapply for the qualification of the personnel.

    For any of the following circumstances, local regulatory agencies new agencies should inform the new institutions for the qualifications of the staff to reapply:

    (A) vocational institutions, the new seat of local regulatory agencies to the working regulator for written comments, worked as local regulators propose to review the qualifications of personnel;

    (B) place of worked as regulators worked as authority is not required to submit audit reports the departure, nor did it explain to regulators in advance, and recommended to the new local regulatory bodies review the qualifications of the personnel;

    (C) place of worked as regulators find false auditing reports, Office audit report indicated that the staff might not meet the qualification criteria, and recommended to the new local regulatory bodies review the qualifications of the personnel.

    The qualifications of the personnel without the prior approval of, small and medium financial institutions in rural areas should be specified in accordance with the appropriate job qualifications, duties on behalf of the person, and from the date of the decision in the 3rd report to the local regulators.

    Rural small and medium financial institutions Directors (Director) term expires and senior managers, was re-elected or appointed to the Board (directors) and senior managers, mutatis mutandis, the provisions.

    160th of rural small and medium financial institutions Directors (governing) long, President (Director) vacancy, the rural small and medium financial institutions in accordance with the articles of incorporation and other rules specified in accordance with the appropriate job qualifications, duties on behalf of the person, and from the date of the decision in the 3rd report to regulators.

    Duties on his behalf does not meet the qualifications of the personnel, regulators can order the period adjustment of rural small and medium financial institutions took the duties of personnel. Duty hours shall not exceed 6 months.

    Rural small and medium financial institutions shall, within 6 months of employing personnel with qualifications officially.

    161th Director (Director) and senior managers before the qualification approval may not be any duty.

    Article 162th supervisors established small and medium financial institutions in rural areas, and on the qualifications and procedures reference Chairman (Chairman).

    Article 163th qualification matters accepted by the subordinate regulatory authorities, reported by the regulatory authority decisions, higher regulatory authority from the date of receipt of complete application materials within 30th approve or not to approve the written decision accepted, reviewed and decided by the same regulatory authorities, from the date of acceptance of the 30th to approve or not to approve the decision in writing.

    The eighth chapter by-laws 164th institutions change licensing matters, small and medium financial institutions in rural areas should be made at decision completed within 6 months from the date of the decision on the administrative license changes, and to determine location of the organs and bodies of the CBRC report. Director (Director) and senior management personnel qualifications for licensing matters, should be approved by the authorities in determining qualifications to be appointed within 3 months of arrival, small and medium financial institutions in rural areas should be decided and location of dispatched a written report of the CBRC.

    Except as otherwise provided in laws and administrative regulations.

    Is not completed within the time limit prescribed in the preceding paragraph changes or any of, the licensing file failure, up to authorities for license cancellation.

    165th rural small and medium financial institutions, change and termination, involving amendment of registration of industry and commerce, taxation, and legal procedures, should be completed within 1 month of the change of decision authority report and the local bodies of the CBRC.

    166th system reform of small and medium financial institutions in rural areas after the dissolution of the County (city, district), rural commercial banks and rural cooperative banks, rural credit cooperatives branch, the branch opening and the qualifications of the relevant senior management personnel shall be decided by the legal entities opened together with the opening corporate matters for approval.

    Restructuring after the dissolution for cities, municipalities, rural commercial banks and rural cooperative banks, rural credit cooperatives branch, the branch opening and related qualifications for senior managers after the CBRC approved the institution opened, before the Corporation for industrial and commercial registration, approved by the CBRC once.

    Rural commercial banks and rural cooperative banks, rural credit cooperatives are set up, their home and financial institutions should enable the new bodies established a branch license, business license, seals, certificates, plaques, etc.

    167th herein referred to foreign financial institutions, including Hong Kong, Macao and Taiwan regions financial institutions, this approach "above" containing the number or level.

    168th explain these measures by the CBRC. 169th these measures come into force on the date of promulgation, this approach issued before the implementation of the relevant provisions is inconsistent with this approach, in accordance with these rules.