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China Banking Regulatory Commission Rural Small And Medium Financial Institutions, Implementation Of Administrative Licensing Matters Concerning Procedures (Revised)

Original Language Title: 中国银监会农村中小金融机构行政许可事项实施办法(修订)

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  Chapter I General provisions article to standardize the CBRC and its local agencies administrative license rural small and medium financial institutions, administrative licensing items, conditions, procedures and time limit for, protect legitimate rights and interests, under the People's Republic of China Banking Regulatory Act, the People's Republic of China on commercial banks and the People's Republic of China Law on administrative licensing, laws, administrative regulations and the relevant decisions of the State Council, these measures are formulated.

Second rural small and medium financial institutions in these measures include: rural commercial banks and rural cooperative banks, rural credit cooperatives, rural banks, loan companies and rural mutual cooperatives.

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

Rural small and medium financial institutions following the fourth section 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, as well as the laws, administrative rules and regulations and the decisions of other administrative licensing items.

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. Second chapter corporate institutions established first section rural commercial banks established sixth article established rural commercial banks should meet following conditions: (a) has meet People's Republic of China company law, and People's Republic of China commercial banks method and silver prison will about provides of articles; (ii) in rural cooperation Bank, and rural credit union based Shang formed; (three) registered capital for real paid capital, minimum limit for 50 million Yuan Yuan; (four) has meet served qualification conditions of Director, and

Senior managers and qualified staff familiar with banking; (e) a sound organizational structure and management system (vi) commensurate with the business of the business premises, safety measures and other facilities.

Seventh article established rural commercial banks, also should meet other carefully sex conditions, at least including: (a) has good of company governance structure; (ii) has clear of rural financial development strategy and mature of rural financial commercial mode; (three) has sound of risk management system, can effective control various risk; (four) has effective of capital constraints and capital added mechanism; (five) has science effective of human resources management system, has high quality of professional talent; (Six) established and business business phase adapted of information technology schema, has support business business of necessary, and security and collection rules of information technology system, has guarantees information technology system effective security run of technology and measures; (seven) recently 1 years no serious illegal violations behavior and for internal management problem led to of major case; (eight) main carefully regulatory index meet regulatory requirements; (nine) owner interests is greater than is equal to equity (that after General Checkup on enterprise assets and overall assets assessment,

Calendar year and takes into account the replacement of bad assets and credit card losses and other factors, proposed agency consolidations of owners ' equity excluding equity greater than or equal to zero), and (j) other prudent requirements as prescribed by the regulations of the CBRC.

Sponsor of the eighth setting up rural commercial bank should be eligible, the sponsors include: natural persons, domestic non-financial institutions and banking financial institutions, non-banking financial institutions, foreign banks and other sponsors approved by the CBRC.

Banking institutions in the territory mentioned in these measures refers to the People's Republic of China territory legally established commercial banks, rural credit cooperatives and other financial institutions that take deposits from the public as well as policy banks.

Nineth natural persons as the initiator, shall meet the following conditions: (I) Chinese citizens have full civil capacity, (ii) has a good reputation and credit record, no criminal record, (iii) share capital of its own money, not to trust funds, debt funds, such as own capital shares and (iv) other prudent requirements as prescribed by the regulations of the CBRC. Tenth individual natural persons and their close relatives total equity total equity investment proportion shall not exceed the rural commercial bank 2%.

Natural aggregate equity investment proportion of employees shall not exceed the total capital of commercial banks in rural areas 20%.

11th article territory non-financial institutions as sponsors, should meet following conditions: (a) in business administration sector registration registered, has corporate qualification; (ii) has good of company governance structure or effective of organization management way; (three) has good of social reputation, and integrity records and tax records, can regular full reimbursement financial institutions of loan principal and interest; (four) has more long of development period and stable of business status; (five) has strong of business management capacity and funds strength; (Six) recently 2 years within no major illegal violations behavior; (seven) financial status good, recently 2 a fiscal year continuous profit; (eight) year-end distribution Hou, net worth not below all assets of 30% (merged statements caliber); (nine) interests sex investment balance shall not over this enterprise net worth of 50% (containing this times investment amount, merged statements caliber), State provides of investment company and holding company except; (ten) shares funds for owned funds, shall not to delegate funds, and

Non-debt capital own capital shares (11) other prudent requirements as prescribed by the regulations of the CBRC. Territory of the 12th single non-financial institutions and their affiliates total equity total equity investment proportion shall not exceed the rural commercial bank 10%.

M high risk setting up rural commercial bank of rural credit cooperatives, a single non-financial institutions and their affiliates total equity investment in ratio generally should not exceed 20% of rural commercial banks total capital, stake more than 20% due to special reasons, rural commercial bank operation and management after entering a benign State, there should be systematic and progressive reduction of its stake to 20%.

13th article territory banking financial institutions and territory non-bank financial institutions as sponsors, should meet following conditions: (a) main carefully regulatory index meet regulatory requirements; (ii) company governance good, internal control sound effective; (three) recently 2 a fiscal year continuous profit; (four) social reputation good, recently 2 years no serious illegal violations behavior and for internal management problem led to of major case; (five) shares funds for owned funds, shall not to delegate funds, and debt funds, non-owned funds shares;

(Vi) other prudent requirements as prescribed by the regulations of the CBRC.

14th single domestic non-bank financial institutions and their affiliates total equity total equity investment proportion shall not exceed the rural commercial bank 10%.

15th article outside Bank as sponsors or strategy investors, should meet following conditions: (a) recently 1 years end total assets shall not below outside financial institutions investment shares in the funding financial institutions management approach about requirements; (ii) silver prison will recognized of international rating institutions recently 2 years on its long-term credit rating for good; (three) recently 2 a fiscal year continuous profit; (four) commercial banks capital sufficient rate should reached its registered to banking capital sufficient rate average level and not below 10.5%;

(Five) internal control sound effective; (six) has effective of anti-money-laundering system; (seven) shares funds for owned funds, shall not to delegate funds, and debt funds, non-owned funds shares; (eight) where national (area) economic status good; (nine) registered to financial institutions supervision management system perfect; (ten) silver prison will regulations provides of other carefully sex conditions.

Overseas banks as sponsors or strategic investors a stake in the rural commercial banks should follow the loyalty, optimize governance and business cooperation, the principle of competition is avoided.

16th single foreign bank and its control or share control of related parties as sponsors or strategic investor to individual rural commercial bank equity investment proportion shall not exceed 20%, a number of foreign banks and their associated control or joint control, as sponsors or strategic investor invest in total shall not exceed 25%. Foreign banks invest in these measures refers to the foreign banks shares proportion of total rural commercial bank shares.

Overseas bank related party's stake should be merged with the foreign bank calculated.

17th rural commercial banks shall cover the establishment and opened in two stages.

Setting up rural commercial banks should set up a preparatory working group and rural commercial bank sponsors should be entrusted to lead the Working Group as the applicant. 18th single counties (cities, districts) of setting up rural cooperative banks, rural credit cooperatives in rural commercial banks to build applications from the CBRC local city or State Banking Regulatory Commission Office, the banking regulatory Board for review and decision.

CBRC within 4 months from the date of the acceptance to approve or disapprove the decision in writing. Apart from a single County (municipal and district) outside the institutions setting up rural commercial banks, other planning applications for setting up rural commercial banks, 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. 19th rural commercial banks prepare for a period of 6 months from the date of the approval decision. Fails to complete the preparation, applicants should 1 month before the expiry of the period for the provision of start-up delay reporting to the authorities.

Build an extension of no more than once, 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. 20th rural commercial banks opened 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 admissibility within 2 months from the date of approval or disapproval of a written decision.

21st rural commercial bank on receipt of the approval documents and receive a financial license after the opening, to register with the Administrative Department for industry and commerce to obtain business licenses. Rural commercial banks shall be from the date of registration within 6 months of opening. Failed to open on schedule, the applicant should be opened before the expiration of 1 month opening delayed report to the authorities.

Opening an extension of no more than once, opening an extension for a maximum period of 3 months.

Rural commercial banks within the time limits prescribed in the preceding paragraph opens, opening failure of approval documents, up to authorities for opening license cancellation procedures to recover its financial licenses, and make an announcement. Second section rural credit cooperation association established 22nd article established rural credit cooperation Association should meet following conditions: (a) has meet silver prison will about provides of articles; (ii) in rural credit unions and joint social based Shang to new set merged way launched established; (three) registered capital for real paid capital, minimum limit for 3 million Yuan Yuan; (four) equity set reasonable, meet corporate governance requirements; (five) has meet served qualification conditions of governing, and senior management personnel and familiar Bank business of qualified practitioners

; (Six) has sound of organization institutions, and management system and risk management system; (seven) has and business business phase adapted of business places, and security prevention measures and other facilities; (eight) established and business business phase adapted of information technology schema, has support business business of necessary, and security and collection rules of information technology system, has guarantees information technology system effective security run of technology and measures; (nine) silver prison will regulations provides of other carefully sex conditions.

23rd the establishment of rural credit cooperatives should have qualified sponsors, sponsors include natural persons, domestic non-financial institutions and banking financial institutions, non-banking financial institutions, foreign banks and other sponsors approved by the CBRC.

Sponsor shall be consistent with this approach the Nineth and tenth respectively, 11th, 12th, 13th, 14th, 15th and 16th of the regulations. Article 24th 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 or within 4 months from the date of acceptance to approve or disapprove the decision in writing. 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 of the decision in writing.

Construction and opening of the applicant, the term these measures shall apply to the 17th, 19th and 21st of the regulations.

25th rural credit cooperatives and their unions, rural credit cooperatives, in accordance with the People's Republic of China company law setting up rural credit cooperative, its administrative licensing conditions and procedures, Division and time frame in accordance with the relevant regulations established by the rural credit cooperatives. Third section village Bank established 26th article established village Bank should meet following conditions: (a) has meet People's Republic of China company law, and People's Republic of China commercial banks method and silver prison will about provides of articles; (ii) sponsors should meet provides of conditions, and sponsors in the should at least has 1 home banking financial institutions; (three) registered capital for real paid capital, in County (district) domain established of, minimum limit for 3 million Yuan Yuan; in Xiang (town) established of, minimum limit for 1 million Yuan Yuan ; (Four) has meet served qualification conditions of Director, and senior management personnel and familiar Bank business of qualified practitioners; (five) has required of organization institutions and management system; (six) has clear of support "three agricultural" and small micro-enterprise development of strategy; (seven) has and business business phase adapted of business places, and security prevention measures and other facilities; (eight) established and business business phase adapted of information technology schema, has support business business of necessary, and security and collection rules of information technology system,

Protect information technology and measures for safe operation of the system of science and technology; (IX) other prudent requirements as prescribed by the regulations of the CBRC.

27th established village Bank, eligible sponsors, the sponsors include: natural persons, domestic non-financial institutions and banking financial institutions, non-banking financial institutions, foreign banks and other sponsors approved by the CBRC.

Sponsor shall be subject to this article Nineth respectively, 11th, 12th, 13th, 14th and 15th of the regulations.

Village Bank, the primary sponsor of 28th article should also conform to the following conditions: (a) shall be those of banking institutions, (ii) the previous year supervisory rating level 2; (c) have sufficient qualified personnel reserve, (d) and table with full management and information technology and management capacity-building, (v) other prudent requirements as prescribed by the regulations of the CBRC. 29th village Bank main sponsor equity ratio shall not be less than rural banks total capital of 15%, a single natural person, non-financial institutions and non-bank financial institutions and its affiliates shall not exceed rural banks total capital invested in 10%.

Natural aggregate equity investment proportion of employees shall not exceed 20% of the rural banks total capital. Article 30th village banks 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. Village Bank applications for approval, 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 of the decision in writing. Construction and opening of the applicant, the term these measures shall apply to the 17th, 19th and 21st of the regulations.

Build a rural Bank limited liability company may be made by the investor as the applicant. Fourth section loan company established 31st article in County (City) and following area established loan company should meet following conditions: (a) has meet silver prison will about provides of articles; (ii) registered capital for real paid capital, minimum limit for 500,000 Yuan Yuan; (three) has has served expertise and business work experience of senior management personnel; (four) has has corresponding expertise and practitioners experience of staff; (five) has required of organization institutions and management system; (six) has and business business phase adapted of business places

, Safety measures and other facilities.

Articles 32nd to establish loan companies, also be consistent with the other prudent requirements, including at least: (a) having a sound corporate governance structure, (ii) has a scientific and effective human resources management system and qualified professionals and (iii) have a valid capital constraints and additional mechanisms.

33rd established finance companies, investors should conform to the following conditions: (a) the contributor to domestic and offshore banks, (ii) good corporate governance, sound and effective internal controls, and (iii) the main prudential indicators in line with regulatory requirements and (iv) other prudent requirements as prescribed by the regulations of the CBRC.

34th loan company wholly funded by individual domestic and foreign banks. 35th 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. 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 of the decision in writing. Construction and opening of the applicant, the term these measures shall apply to the 17th, 19th and 21st of the regulations.

Loan company can be used by investors as an applicant.

Fifth section rural funds mutual social established 36th article established rural funds mutual social should meet following conditions: (a) has meet silver prison will about provides of articles; (ii) to launched way established and sponsors many Yu 10 people; (three) registered capital for real paid capital, in Xiang (town) established of, minimum limit for 300,000 Yuan Yuan; in villages established of, minimum limit for 100,000 Yuan Yuan; (four) has meet served qualification of governing, and Manager and has practitioners conditions of staff;

(E) have the necessary organization and management systems; (f) commensurate with the business of the business premises, safety measures and other facilities, and (VII) other prudent requirements as prescribed by the regulations of the CBRC.

37th rural mutual cooperatives should have qualified sponsors, sponsors include: the township (town), the villages of farmers and rural small businesses.

38th article farmers as sponsors, should meet following conditions: (a) has completely civil capacity of China citizens; (ii) account location or often live to (local has fixed residence and live full 3 years) in rural funds mutual social where Xiang (town) or villages within; (three) has good of social reputation and integrity records, no crime records; (four) shares funds for owned funds, shall not to delegate funds, and debt funds, non-owned funds shares; (five) silver prison will regulations provides of other carefully sex conditions. 39th article rural small enterprise as sponsors, should meet following conditions: (a) registered to or main business places in rural funds mutual social where Xiang (town) or villages within; (ii) has good of credit records; (three) recently 2 years within no major illegal violations behavior; (four) Shang a fiscal year profit; (five) year-end distribution Hou net worth reached all assets of 10% above (merged statements caliber); (six) shares funds for owned funds, shall not to delegate funds, and

Non-debt capital own capital shares; (VII) other prudent requirements as prescribed by the regulations of the CBRC.

40th individual farmers or individual small businesses in rural areas to the rural mutual cooperatives shares, shall not exceed its holding rural mutual cooperatives of the total share capital 10%. 41st 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. 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 banking regulatory Bureau within 2 months from the date of acceptance of approval or disapproval of the decision in writing.

Construction and opening of the applicant, the term these measures shall apply to the 17th, 19th and 21st of the regulations. The sixth investment, equity participation, acquiring legal person financial institutions operating in the 42nd rural commercial banks invested or share domestic banking institutions, applicants should comply with the relevant provisions of the 13th; acquisition of village Bank, the applicant should conform to the relevant provisions of the 28th.

Rural commercial banks acquisition territory banking financial institutions (village Bank except) and investment established, and shares, and acquisition other territory corporate financial institutions, applicants also should meet following conditions: (a) has good of company governance structure; (ii) has clear of development strategy and mature of financial commercial mode; (three) has foreign investment strength and continued added capital capacity; (four) has good of and table management capacity; (five) regulatory rating good; (six) recently 3 a fiscal year continuous profit;

(Seven) interests sex investment balance in principle not over its net worth of 50% (merged statements caliber); (eight) risk management and internal control sound effective, has good of foreign investment risk of recognition, and monitoring, and analysis and control capacity; (nine) has perfect, and collection rules of information technology system and information security system, has standardization of data management system, has guarantees business continuous effective security run of technology and measures;

(X) the last 2 years no serious violations and major cases due to internal management issues and (11) other prudent requirements as prescribed by the regulations of the CBRC.

43rd established rural commercial banks with investment, equity participation, acquisition of domestic corporate financial institutions, by the CBRC local city or State Banking Regulatory Commission Office, the banking regulatory Board for review and decision, later reported the CBRC.

Decisions receipt of complete application materials or within 6 months from the date of acceptance to approve or disapprove the decision in writing. Third chapter branch institutions established first section branch, and franchise institutions established 44th article rural commercial banks established branch, applicants should meet following conditions: (a) has clear of rural financial development strategy and mature of rural financial commercial mode; (ii) rural commercial banks established full 2 years above; (three) registered capital not below 1 billion Yuan Yuan; (four) regulatory rating good; (five) company governance good, internal control sound effective; (six) main carefully regulatory index meet regulatory requirements,

Which bad loan rate below 3%, capital sufficient rate not below 12%; (seven) has allocated operating funds of capacity; (eight) has perfect, and collection rules of information technology system and information security system, has standardization of data management system, has guarantees business continuous effective security run of technology and measures; (nine) recently 2 years no serious illegal violations behavior and for internal management problem led to of major case; (ten) silver prison will regulations provides of other carefully sex conditions.

45th article rural commercial banks established credit card Center, and "three agricultural" (small enterprise) credit Center, and private bank Department, and notes Center, and funds operating Center, franchise institutions, applicants except should meet 44th article about provides outside, also should meet following conditions: (a) franchise business business reform meet the items business of development direction, and for has detailed of feasibility research argument; (ii) franchise business business reform meet its head office of general strategy and development planning, conducive to improve overall competition capacity;

(C) establish franchise business for more than 2 years, management team and technicians engaged in franchise business; (d) the franchise business assets and other indicators have reached a good level of quality, service, high level of cost control of franchised business, with good earnings prospects and (v) other prudent requirements as prescribed by the regulations of the CBRC. Article 46th rural commercial bank branches, franchisees to build the application from its corporate bodies to be established the CBRC submitted by city or state banking regulatory Bureau, by the CBRC local city or state banking regulatory Bureau accepted, the banking regulatory Board for review and decision.

Decisions receipt of complete application materials or within 4 months from the date of acceptance to approve or disapprove the decision in writing. 47th rural commercial bank branch, its franchisees prepare for a period of 6 months from the date of the approval decision. Fails to complete the preparation, applicants should 1 month before the expiry of the period for the provision of start-up delay reporting to the authorities.

Build an extension of no more than once, 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, its franchisees, apply for business commencement is overdue, failure of planning approval documents, handled by the authorities to build license cancellation. 48th rural commercial bank branches opened, its franchisees to be established were filed by the CBRC city or state banking regulatory Bureau to receive, review and make decisions.

Decisions receipt of complete application materials or admissibility within 2 months from the date of approval or disapproval of a written decision. Rural commercial banks branch, and franchise institutions opened should meet following conditions: (a) operating funds in place; (ii) has meet served qualification conditions of senior management personnel and familiar Bank business of qualified practitioners; (three) has and business development phase adapted of organization institutions and regulations; (four) has and business business phase adapted of business places, and security prevention measures and other facilities; (five) has and business business phase adapted of information technology sector, has necessary, and security and collection rules of information technology system,

Protect the effective security of information technology systems running the same level of technology and measures.

Second section branch established 49th article rural commercial banks, and rural cooperation Bank in registered to area within established branch, applicants except meet 44th article (a), and (five), and (seven), and (eight) items provides of conditions outside, also should meet following conditions: (a) main carefully regulatory index meet regulatory requirements; (ii) recently 1 years no serious illegal violations behavior and for internal management problem led to of major case; (three) silver prison will regulations provides of other carefully sex conditions.

Rural commercial banks in registered to area outside established branch, applicants except meet 44th article (a), and (five), and (seven), and (eight), and (nine) items provides of conditions outside, also should meet following conditions: (a) rural commercial banks established full 1 years above; (ii) regulatory rating good; (three) registered capital not below 500 million Yuan Yuan; (four) main carefully regulatory index meet regulatory requirements; (five) silver prison will regulations provides of other carefully sex conditions.

50th village banks set up for more than 6 months, good corporate governance, the main prudential indicators in line with regulatory requirements, the Corporation may apply according to local demand for financial services in registration in the jurisdiction where a branch.

51st 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. Rural commercial bank branch outside the jurisdiction where the registered planning applications, proposed to 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.

Construction period applicable to the provisions of article 47th. 52nd rural commercial banks and rural cooperative bank, rural bank branch in 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. Outside of the jurisdiction where the registered rural commercial bank branch opened to be established were filed by the CBRC 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 of the decision in writing.

Branch opening shall comply with the following conditions: (a) the working capital in place, (b) meet the qualifications of senior managers and qualified staff familiar with banking and (iii) has the business operations of business premises, safety measures and other facilities.

53rd rural commercial bank branch branch established in the branch was located within its jurisdiction, its administrative licensing conditions and procedures, Division and time frame in accordance with the rural commercial bank branch established in the jurisdiction where the registration provisions.

Third section sub-branches, and Credit Union, and points social, and branch established 54th article rural commercial banks, and rural cooperation Bank, and village Bank established sub-branches, rural credit cooperation Association, and rural credit association established Credit Union, and points social, loan company established branch, applicants except should meet 44th article (seven), and (eight) items provides of conditions outside, also should meet following conditions: (a) main carefully regulatory index meet regulatory requirements; (ii) has familiar Bank business of qualified practitioners;

(C) the recent 1 year no severe violations and major cases due to internal management issues and (iv) other prudent requirements as prescribed by the regulations of the CBRC.

55th rural commercial banks and rural cooperative banks, rural banks to set up branches, established rural credit cooperatives, rural credit cooperatives credit cooperatives, branches, and loan company set up a branch, its build 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 of the decision in writing.

56th branch opening license, an applicant should receive approval and in accordance with the regulations for financial licences after the opening, according to the Administration for industry and commerce registration to obtain business licenses. Branches should be since the date of business license within 6 months of opening. Failed to open on schedule, the applicant should be opened before the expiration of 1 month opening delayed report to the authorities.

Opening an extension of no more than once, opening an extension for a maximum period of 3 months.

Opening branches within the time limits prescribed in the preceding paragraph, opening failure of approval documents, up to authorities for opening license cancellation procedures to recover its financial licenses, and make an announcement. Fourth chapter change Corporation changes its 57th first section incorporated changes include: changing the name, change residence, change form, change of ownership, change of its registered capital, amend the Constitution, separation and merger, and so on.
Article 58th Corporation changes its name, the name should be indicated in "rural Bank", "rural cooperative bank", "Credit Union", "Union", "Union", "Village Bank", "lender" and the "rural mutual cooperatives" kind words from, among others, and in accordance with the protective principles of uniqueness and goodwill.

Corporate name change from the CBRC local city or State Banking Regulatory Commission Office, the banking regulatory Board for review and decision.

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

59th Corporation changes its domicile, should be consistent with the business development business premises, safety measures and other facilities. Institution changes its domicile, 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) rural credit cooperative unions and municipalities rural commercial bank changes its domicile, accepted by the banking regulatory Bureau, reviewed and decided that the ex post facto report the CBRC.

Administrative Division, due to reasons such as the adjustment of administrative division Street and building numbers change and actual position does not change, do not need to change their place of residence to apply for, but should be reported in the 15th after the change of territorial regulators and renewal of financial licenses. Corporation for housing maintenance, increase the expansion causes temporary residence within 6 months of changes, changes its domicile is not required to apply for, but you should notice in the original homes, shelter, and 10th territorial regulator. Temporary accommodation should be consistent with the requirements of the police and the Fire Services Department.

Fetch the original residence, legal institutions in advance 10th public security, issued by the Fire Department to fetch the residence of, fire safety certificates and other materials reported territorial regulators, and make an announcement.

60th 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.

61st rural small and medium financial institutions stake change, the assignee shall comply with the provisions of the appropriate sponsor (Investor) qualifications.

Rural commercial banks, and rural cooperation Bank, and rural credit cooperation Association, and rural credit association, and village Bank and rural funds mutual social change holds equity total 1% above, and 5% following of single shareholders (members), by corporate institutions report silver prison branch or where City silver prison Council; holds equity total 5% above, and 10% following of single shareholders (members) of change application, by Silver prison branch or where City silver prison Council accepted, and review and decided.

Rural commercial banks and rural cooperative banks, rural credit cooperatives, rural credit cooperatives, rural banks total capital 10% more than a single shareholder (member) application for revision by the CBRC local city or State Banking Regulatory Commission Office, the banking regulatory Board for review and decision, later reported the CBRC. Provinces (autonomous regions) rural credit cooperative unions, local rural credit cooperatives Union equity due to changes 1% and 5% following a single member, CBRC report.

Change 5% per cent of the total equity of a single member, by the banking regulatory Bureau to receive, review and decision.

Transfers to offshore banks owned by the CBRC local city or State Banking Regulatory Commission Office, banking regulatory Board for review and decision, later reported the CBRC.

Investor shares of small and medium financial institutions in rural areas, according to the commercial banks and insiders and shareholder relevant provisions of management measures of connected transactions, complete and truthfully disclose the relationship.

62nd Corporation changes its registered capital and its shareholders (members) shall comply with the provisions of the appropriate sponsor (Investor) qualifications. Institutional change of its registered capital, administrative license procedures and authority to apply the provisions of article 59th of this approach.

Involving foreign banks invested in, by the CBRC local city or State Banking Regulatory Commission Office, the banking regulatory Board for review and decision, later reported the CBRC. 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 of the former. 63rd rural small and medium financial institutions in and outside the public share offer and listing of shares shall comply with the relevant laws and regulations and the relevant regulatory provisions of the CSRC.

Before I proceed to apply to the SFC, should apply to the banking Board and approved.

Rural small and medium financial institutions in domestic and overseas initial public offering and listing shares, by the CBRC local city or State Banking Regulatory Commission Office, the banking regulatory Board for review and decision, later reported the CBRC.

64th Corporation amend the Statute of the administrative licensing procedures and authority to apply the provisions of article 59th of this approach.

Change of corporate name, residence, ownership, registered capital or business scope, should authorities approve decisions decision to modify the corresponding provisions of the regulations and report within 6 months.

65th rural commercial banks and rural credit cooperatives, rural banks, lending Division or merger of the company should be in line with the People's Republic of China company law provisions such as; rural cooperative banks, rural credit cooperatives, rural credit cooperative unions, rural credit cooperatives, the provincial (autonomous region) rural credit cooperatives and rural mutual cooperatives Division or merger should refer to the People's Republic of China company law and other relevant provisions. Corporate merger and accepted by the CBRC and preliminary examination, Banking Regulatory Commission review and decision.

Rural commercial banks, the provincial (autonomous region) separation of rural credit cooperative unions, accepted by the CBRC and preliminary examination, Banking Regulatory Commission review and decision; other corporate division by the CBRC local city or state banking regulatory Bureau accepted, the banking regulatory Board for review and decision.

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 legal conditions and procedures via administrative permission. Merger, merger announcements after the expiration, merged party shall change the conditions and procedure for the adoption of an administrative license; the merged party should be dissolved in accordance with legal conditions and procedures via administrative permission.

Be merged into branches, should be adopted in accordance with the conditions and procedures for opening branch offices of administrative licensing.

Merger by new establishment, merger announcements after the expiry, the new party should be opened in accordance with legal conditions and procedures by administrative license; original Corporation should be dissolved in accordance with legal conditions and procedures via administrative permission.

66th article this section by column needed approval of change matters, by subordinate regulatory organ accepted, and reported superior regulatory organ decided of, since superior regulatory organ received full application material of day up 3 months within made approved or not approved of written decided; by same regulatory organ accepted, and review and decided of, since accepted of day up 3 months within made approved or not approved of written decided.

Section 67th branch branch changes changes include: changing the name, agency upgrade.

68th branches change names should be indicated in the name of "branches" and "branch", "Bo", "Credit Union", "Office", "savings bank" and "branch" kind words from, among others, and in accordance with the protective principles of uniqueness and goodwill.

Branch name change by the seat of the CBRC local city or state banking regulatory Bureau to receive, review and make decisions.

69th branch upgraded conditions should be consistent with the proposed upgrading agency establishment and administrative license.

Upgrade branch to branch, who wishes to upgrade local CBRC city or State Banking Regulatory Commission Office, banking regulatory Bureau to review and decide; upgrading of branches in other circumstances, by the CBRC local city or state banking regulatory Bureau to receive, review and make decisions.

Other changes due to branch upgraded, mutatis mutandis, the relevant provisions. 70th required approval of changes listed in this section, apply to the branches of corporate bodies.

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.

First section of the fifth chapter termination termination article 71st corporate bodies of legal persons in any of the following circumstances, whether it be dissolved: (a) the operating period as prescribed by the articles expires or the other articles should be dissolved when there; (b) the authority of the dissolution resolution; (c) the Division or merger to be dissolved. 72nd Corporation 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 or within 3 months from the date of acceptance to approve or disapprove the decision in writing.

Corporation due to dissolved is divided or merged, together with the Division or merger for approval.

73rd Corporation has one of the following, before filing for bankruptcy to the Court, should be applied to the CBRC and approved only if: (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. Filing for bankruptcy, accepted by the CBRC and preliminary examination, Banking Regulatory Commission review and decision.

Since the 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 the 74th branch terminates its business operations (was cancelled), the Corporation terminates its business operations shall be submitted to the application. 75th branch terminates its business operations, its franchisees to the application, by the seat of the branch, its franchisees the CBRC or City Commission Office, banking regulatory Board for review and decision terminates its business operations to other parts of the application, the branch is located the CBRC city or state banking regulatory Bureau to receive, review and make decisions.

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

Sixth chapter adjustment business range and increased business varieties first section opened exchange business and increased exchange business varieties 76th article opened except settlement, and sale meeting yiwai of exchange business or increased exchange business varieties, applicants should meet following conditions: (a) law collection rules business, internal control system sound effective, business status good; (ii) main carefully regulatory index meet regulatory requirements; (three) has and declared exchange business corresponding of Exchange operating funds and qualified of exchange business practitioners;

(D) that complies with the requirements of foreign exchange business premises and related facilities; (v) other prudent requirements as prescribed by the regulations of the CBRC.

Section 77th 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.

Second section raised issued debt, and capital added tool 78th article raised secondary regularly debt, and issued II level capital bonds, and mixed capital debt, and financial debt and the must by regulatory institutions license of other debt, and capital added tool, applicants should meet following conditions: (a) has good of company governance structure; (ii) main carefully regulatory index meet regulatory requirements; (three) loan risk classification results real accurate; (four) dial prepared coverage standard, loan loss prepared meter mention sufficient;

(E) the last 3 years no serious violations and major cases due to internal management issues, (vi) other prudent requirements as prescribed by the regulations of the CBRC.

Section 79th raise subordinated term debt, the issuance of Tier II capital bonds, hybrid capital bonds, financial bonds and must be licensed by the regulatory bodies of other debt, capital, by the CBRC local city or State Banking Regulatory Commission Office, the banking regulatory Board for review and decision, later reported the CBRC.

Section III opening derivatives trading business 80th initiation of dealings of derivative products eligible rural commercial banks are divided into the following two categories: (a) basic qualifications: only engaged in hedging derivatives, (ii) General qualifications: in addition to basic qualifications may engage in derivative transactions can also engage in non-hedging derivatives trading. 81st article rural commercial banks opened based class derivative products trading business, should meet following conditions: (a) has sound of derivative products trading risk management system and internal control system; (ii) main carefully regulatory index meet regulatory requirements; (three) has accept related derivative products trading skills specifically training half above, and engaged in derivative products or related trading 2 years above of trading personnel at least 2 name, related risk management personnel at least 1 name, risk model research personnel or risk analysis personnel at least 1 name,

Familiar sets period accounting operation program and system specification of personnel at least 1 name, above personnel are needed designed gang hand, mutual shall not who, and no bad records; (four) has and business phase adapted of trading places and equipment; (five) has processing legal Affairs and is responsible for internal control collection rules check of professional sector and the related professionals; (six) silver prison will regulations provides of other carefully sex conditions. 82nd article rural commercial banks opened general class derivative products trading business, except meet this approach 81st article provides of conditions outside, also should meet following conditions: (a) perfect of derivative products trading Qian, and in the, and background automatically joins of business processing system and real-time risk management system; (ii) derivative products trading business competent personnel should has 5 years above directly participation derivative products trading activities or risk management of qualifications, and no bad records; (three) strictly of business separation system,

Ensure that the business of hedging and non-hedging business marketing information, risk management, effective separation of profit and loss accounting (iv) improvement of credit risk, market risk, operational risk, risk management framework, (v) other prudent requirements as prescribed by the regulations of the CBRC.

Section 83rd opening derivatives trading business from the CBRC local city or State Banking Regulatory Commission Office, the banking regulatory Board for review and decision, later reported the CBRC. Fourth Festival to start credit card apply for credit card business is divided into application business the 84th section issuing business and apply for acquiring business. Applicants should meet following conditions: (a) company governance good, has and business development phase adapted of organization institutions and regulations, internal system, and risk management and asked accountability mechanism sound effective; (ii) main carefully regulatory index meet regulatory requirements; (three) has meet served qualification conditions of Director, and senior management personnel and qualified practitioners, senior management personnel in the should has credit card business expertise and management experience of personnel at least 1 people, has carried out credit card business must of technicians and management personnel, And full implementation grading authorized management; (four) has and business business phase adapted of business places, and related facilities and essential of information technology resources; (five) has in territory established meet legal regulations and business management requirements of business system, has guarantees related business system information security and run quality of technology capacity; (six) reputation good, has perfect, and effective of case control system, recently 3 years no serious illegal violations behavior and for internal management problem led to of major case; (seven) opened foreign currency credit card business of,

Should be approved by the State administration of foreign exchange of foreign exchange settlement and sale business qualifications, and (VIII) other prudent requirements as prescribed by the regulations of the CBRC.

85th article opened credit card issuing business except should has this approach 84th article provides of conditions outside, applicants also should meet following conditions: (a) registered capital for real paid capital, and not below Yuan 500 million Yuan; (ii) has handle retail business of good based, recently 3 years personal save loan business scale and business structure stable, personal save loan business customer scale and customer structure good, bank card business run situation good, ID pieces validation system and levy letter system of connection and using situation good;

(Three) has handle credit card business of professional system, in territory built has issuing business host, and credit card business application management system, and credit assessment management system, and credit card account management system, and credit card trading authorized system, and credit card trading monitoring and counterfeiting trading warning system, and credit card customer service center system, and urged received business management system, professional operation based facilities, related facilities through has necessary of security detection and business test, can guarantees customer information and business data of integrity and security;

(D) consistent with their overall business strategy and development plan to improve overall business competitiveness, according to the business development of actual ongoing business costs, basic break-even business monitoring and measurement, and so on.

86th article opened credit card received single business except should has this approach 84th article provides of conditions outside, applicants also should meet following conditions: (a) registered capital for real paid capital, and not below Yuan 100 million Yuan; (ii) has opened received single business of good business based, recently 3 years enterprise loan business scale and business structure stable, enterprise loan business customer scale and customer structure more stable, ID pieces validation system and levy letter system connection and using situation good;

(Three) has handle received single business of professional system support, in territory built has received single business host, and special merchant application management system, and special merchant credit assessment management system, and merchant settlement account management system, and account management system, and received single trading monitoring and counterfeiting trading warning system, and trading authorized system, professional operation based facilities, related facilities through has necessary of security detection and business test, can guarantees customer information and business data of integrity and security;

(D) consistent with their overall business strategy and development plan to improve business competitiveness, according to the business development of actual ongoing business costs, basic break-even business monitoring and measurement, and so on.

87th rural commercial banks and rural cooperative banks, rural banks, rural credit cooperatives, rural credit cooperatives ' applications for operating independently branded credit card issuing business, acquiring the business from the CBRC local city or State Banking Regulatory Commission Office, the banking regulatory Board for review and decision.

88th article province (autonomous regions) Rural Credit Union Joint Social by's within rural commercial banks, and rural cooperation Bank, and rural credit cooperation Association, and rural credit association delegate, application unified credit card brand, should meet following conditions: (a) using unified brand and meet commercial banks credit card business supervision management approach about provides of rural commercial banks, and rural cooperation Bank, and rural credit cooperation Association, and rural credit association number in 5 home above;

(Ii) 's within institutions Commission is Hou main carefully regulatory index meet regulatory requirements; (three) has handle credit card business of professional system (including but not limited to independent construction maintenance of trading authorized system, and trading monitoring system,), through has necessary of security detection and business test; (four) 's within institutions information system run good, has guarantees related business system information security and run quality of technology capacity; (five) has for issuing institutions service of professional customer service based facilities;

(Vi) professional management and technicians.

89th article using unified credit card brand opened issuing business of rural commercial banks, and rural cooperation Bank, and rural credit cooperation Association, and rural credit association, and village Bank should meet following conditions: (a) Shang a annual regulatory rating 3 level above; (ii) main carefully regulatory index meet regulatory requirements; (three) has good of retail customer based and better of personal credit management capacity and the experience; (four) has professional of senior management talent and business management personnel and technicians.

90th of provinces (autonomous regions) applications for rural credit cooperatives Union Unity credit card brand, decided by the banking regulatory Bureau to receive, review and subsequently report the CBRC.

Provinces (autonomous regions) rural credit cooperatives Union Unity credit card brand of rural commercial banks and rural cooperative banks, rural credit cooperatives, rural credit union an application for a credit card-issuing business, as well as using the main sponsor United Towns banks apply for credit card business credit card brand, by the CBRC local city or state banking regulatory Bureau to receive, review and make decisions. Fifth section opened away from Bank Bank business 91st article rural commercial banks opened away from Bank Bank business or increased business varieties, should meet following conditions: (a) main carefully regulatory index meet regulatory requirements; (ii) risk management and internal control system sound effective; (three) reached provides of exchange assets scale, and exchange business business performance good; (four) Exchange business practitioners meet carried out away from Bank Bank business requirements, and in past business activities in the no bad records, which competent personnel should engaged in Exchange business 5 years above,

Other practitioners should engage in foreign exchange business for more than 3 years at least 50% in (v) that complies with the requirements of the offshore banking business place and facilities; (vi) the last 3 years no serious violations and major cases due to internal management issues and (VII) other prudent requirements as prescribed by the regulations of the CBRC.

92nd applications for operating an offshore banking or increased business from the CBRC local city or State Banking Regulatory Commission Office, the banking regulatory Board for review and decision, later reported the CBRC.

93rd sixth section to apply for other business applications for operating under the existing regulations of other business and variety from the CBRC local city or State Banking Regulatory Commission Office, the banking regulatory Board for review and decision.

94th article application opened existing regulations not clear provides of business and varieties of, should meet following conditions: (a) company governance good, has and business development phase adapted of organization institutions and regulations, internal system, and risk management and asked accountability mechanism sound effective; (ii) and existing legal regulations not phase conflict; (three) main carefully regulatory index meet regulatory requirements; (four) meet this institutions strategy development positioning and direction; (five) by Board agreed and issued written views;

(Six) has carried out business required of technicians and management personnel, and full implementation grading authorized management; (seven) has and business business phase adapted of business places and related facilities; (eight) has carried out the items business of necessary, and security and collection rules of information technology system, has guarantees information technology system effective security run of technology and measures; (nine) recently 3 years no serious illegal violations behavior and for internal management problem led to of major case; (ten) silver prison will regulations provides of other carefully sex conditions.

Apply for business and products mentioned in this article, by the CBRC local city or state banking regulatory Bureau accepted, the banking regulatory Board for review and decision.

95th in this chapter shall be 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. Seventh chapter Director (governing) and senior management personnel served qualification license first section served qualification conditions 96th article rural commercial banks, and rural cooperation Bank, and rural credit association, and village Bank Chairman, and Deputy Chairman, and independent Director and other Director, Board members and Board Secretary; rural credit unions, and rural credit unions joint social, and rural credit cooperation Association, and province (autonomous regions) Rural Credit Union joint social, and rural funds mutual social, Chairman of, and Deputy, Chairman of, and

Independent directors and other Governing Council members shall be licensed by the qualification. Rural commercial banks, and rural cooperation Bank, and village Bank of President, and Deputy President, and President Assistant, and risk Director, and financial Director, and collection rules Director, and total Audit Division, and Chief Accountant, and Chief Information Officer and with ranks senior management personnel, within trial sector head, and financial sector head, and collection rules sector head; rural credit unions Director; rural credit unions joint social, and rural credit cooperation Association, and rural credit Association Director, and Deputy Director; province (autonomous regions) Rural Credit Union Joint Social Director, and Deputy Director, and Director Assistant, and

Chief Auditor, as well as with the rank of senior managers, compliance Department, Office of (regional audit Centre) Director of loan company General Manager Manager rural mutual cooperatives rural commercial bank branch President, Vice Presidents, Assistant Governor, monopoly, General Manager, Deputy General Manager, Assistant General Manager and other senior management personnel shall be permitted by the qualification.

Business Department of rural commercial banks and rural cooperative banks, rural banks and Branch Manager, head, counties (cities and districts) rural credit cooperative unions, rural credit cooperatives Union Director, head of Business Department of rural credit cooperatives and credit cooperatives, rural credit cooperatives, rural credit cooperatives and credit the Director, Deputy Director, head of Sales Department, heads of rural commercial bank branch shall meet the qualifications to be appointed people.

Others did not serve in these positions, but the actual performance of the directors listed in the preceding two paragraphs (Director) and the responsibilities of senior management personnel, according to the CBRC found similar qualifications of the personnel into management.

97th article rural small financial institutions Director (governing) and senior management personnel intends any people should meet following basic conditions: (a) has completely civil capacity; (ii) has good of law-abiding collection rules records; (three) has good of conduct, and reputation; (four) has served as intends any positions by needed of related knowledge, and experience and the capacity; (five) has good of economic, and financial practitioners records; (six) personal and the family financial sound; (seven) has served as intends any positions by needed of independence;

(H) to fulfil the faithfulness and diligence of financial institutions.

98th article intends any people has following case one of of, considered not meet this approach 97th article (ii), and (three), and (five) items provides of conditions, shall not served as rural small financial institutions Director (governing) and senior management personnel: (a) has deliberately or major fault crime records of; (ii) has violation social morality of bad behavior, caused bad effect of; (three) on had served institutions illegal violations business activities or major loss has personal responsibility or directly led responsibility, plot serious of;

(Four) served as or had any was took over, and revoked, and declared bankruptcy or revoked license institutions of Director (governing) or senior management personnel of, but can proved I on had served institutions was took over, and revoked, and declared bankruptcy or revoked license not has personal responsibility of except; (five) for violation ethics, and conduct or work serious dereliction of, caused major loss or bad effect of; (six) directed, and participation by served institutions not tie law regulatory or case investigation of;

(VII) was canceled to life in Director (Director) and qualifications for senior managers, or by regulators or other penalties total more than twice the financial management Department; (VIII) does not have the qualifications as provided herein, improper means to obtain the qualification approval. 99th article intends any people has following case one of of, considered not meet this approach 97th article (six), and (seven) items provides of conditions, shall not served as rural small financial institutions Director (governing) and senior management personnel: (a) as application served qualification Shi, I or its spouse still has amounts larger of late debt failed to reimbursement, including but not limited to in the financial institutions of late loan; (ii) I or its spouse and the other near relatives merged holds the financial institutions 5% above shares or shares, And from the financial institutions get of award letter total obviously over its holding some the financial institutions equity net; (three) I and by holding of shareholders units merged holds the financial institutions 5% above shares or shares, and from the financial institutions get of award letter total obviously over its holding some the financial institutions equity net; (four) I or its spouse in holds the financial institutions 5% above shares or shares of shareholders units served, and the shareholders from the financial institutions get of award letter total obviously over its holding some the financial institutions equity net

, But can proved award letter and I and spouse no relationship of except; (five) exists other by any positions with in the financial institutions intends any, and current positions has obviously interests conflict, or obviously dispersed its in the financial institutions shoe vocational time and energy of case; (six) silver prison will according to real heavy Yu form principles determine of not reached rural small financial institutions Director (governing), and senior management personnel in financial status, and independence aspects minimum regulatory requirements of other case.

100th article application rural small financial institutions Director (governing) served qualification, intends any people except should meet this approach 97th article provides conditions outside, also should has following conditions: (a) 5 years above of legal, and economic, and financial, and financial or other conducive to perform Director (governing) duties of work experience; (ii) can using financial institutions of financial report and statistics report judge financial institutions of business management and risk status; (three) understand intends served institutions company governance structure, and company articles and Director (governing) will duties.

Apply for rural small and medium financial institutions of independent directors (governing) qualifications, persons to be appointed should also be legal, economic, financial, and accounting professionals and in accordance with the relevant regulations.

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

101th article except shall not exists 98th article, and 99th article by column case outside, rural small financial institutions intends any independent Director (governing) also shall not exists following case: (a) I and near relatives merged holds the financial institutions 1% above shares or shares; (ii) I or its near relatives in holds the financial institutions 1% above shares or shares of shareholders units served; (three) I or its near relatives in the financial institutions, and the financial institutions holding or actual control of institutions served;

(Four) I or its near relatives in cannot regular reimbursement the financial institutions loan of institutions served; (five) I or its near relatives served of institutions and I intends served financial institutions Zhijian exists legal, and accounting, and audit, and management advisory, and guarantees cooperation, aspects of business contact or claims debt, aspects of interests relationship, that hamper its shoe vocational independence of case; (six) I or its near relatives may was intends served financial institutions big shareholders, and executives layer control or imposed major effect, that hamper its shoe vocational independence of case;

(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 in other circumstances.

Independent Director (Council) with a rural small and medium financial institutions in serving time shall not exceed 6 years. Section 102th, Chairman of small and medium financial institutions in rural areas (Governor-General), Vice Chairman (Vice President), independent directors (directors) and the qualifications of the Secretary of the Board, persons to be appointed should also meet the following qualifications and conditions of working years:
(A) intends any rural commercial banks, and rural cooperation Bank Chairman, and Deputy Chairman, province (autonomous regions) Rural Credit Union joint social, Chairman of, and Deputy, Chairman of, to city rural credit Association Chairman, and Deputy Chairman, 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); (ii) intends any County (city, and District) rural credit Association Chairman, and Deputy Chairman, County (city, and district) rural credit unions joint social, and County (city, and district) rural credit cooperation Association, Chairman of, and Deputy, Chairman of, rural commercial banks, and rural cooperation Bank, and rural credit Association Board Secretary, rural credit unions, Chairman of, and Deputy, Chairman of, village Bank Chairman, and implementation Director, and Board Secretary, should has College above degree, engaged in financial work 4 years above, or engaged in related economic work 6 years above (which engaged in financial work 2 years above)

(Iii) rural mutual cooperatives to be appointed Chairman, should possess a high school or secondary education (iv) the independent directors to be appointed (Director), should have a Bachelor degree.

103th proposed senior managers of small and medium financial institutions in rural areas should be aware of the duties of the position to be appointed, 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. 104th article rural small financial institutions senior management personnel intends any people also should respectively meet following degree and practitioners years conditions: (a) intends any rural commercial banks, and rural cooperation Bank President, and Deputy President, and President Assistant, and risk Director, and financial Director, and collection rules Director, branch President, and Deputy President, and President Assistant, franchise institutions General Manager, and Deputy General Manager, and General Manager Assistant, province (autonomous regions) Rural Credit Union Joint Social Director, and Deputy Director, and Director Assistant, and total Audit Division, to city rural credit unions joint social, and To city rural credit cooperation Association, and to city rural credit Association Director, and Deputy Director, province (autonomous regions) Rural Credit Union Joint Social Office (regional audit Center) Director, 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); (ii) intends any County (city, and district) rural credit unions joint social, and County (city, and district) rural credit cooperation Association, and rural credit Association Director, and Deputy Director, and sales head, To city rural credit cooperation Association, and rural credit association Credit Union Director, and Deputy Director, and sales head, rural commercial banks and rural cooperation Bank sales head, rural commercial banks branch sales head, rural commercial banks, and rural cooperation Bank branch President, village Bank President, and Deputy President, and President Assistant, and risk Director, and financial Director, and collection rules Director, and sales head, and branch President, rural credit unions Director, and County (city, and district) rural credit cooperation Association Credit Union Director, and Rural credit association Credit Union Director, loan company General Manager, should has College above degree, engaged in financial work 4 years above, or engaged in related economic work 6 years above (which engaged in financial work 2 years above); (three) intends any rural commercial banks, and rural cooperation Bank, and village Bank total Audit Division, and Chief Accountant, and within trial sector head, and financial sector head, should has College above degree, made national or international recognized of accounting, and audit professional technology titles (or through national or international recognized of accounting, and Audit professional technology Qualification exam), and engaged in financial, and accounting or audit work 6 years above (which engaged in financial work 2 years above); (four) intends any province (autonomous regions) Rural Credit Union joint social, and rural commercial banks, and rural cooperation Bank, and village Bank collection rules sector head, should has undergraduate above degree, and engaged in financial work 4 years above; (five) intends any rural commercial banks, and rural cooperation Bank, and village Bank Chief Information Officer, should has undergraduate above degree,

And to engage in information technology for more than 6 years (any more than 4 years in senior management positions in information technology and finance for more than 2 years), and (vi) rural mutual cooperatives to be appointed manager, should have a high school or college education. 105th article intends any people not reached above degree requirements, but meet following conditions of, depending on with reached corresponding degree requirements: (a) made national education administrative competent sector recognized College grant of Bachelor above degree of; (ii) made registered accountants, and registered Audit Division or and intends any positions related of senior professional technology positions qualification of, depending on with reached corresponding degree requirements, its served conditions in the financial work years requirements should increased 4 years; (three) should has undergraduate degree requirements, now degree for College of,

Shall be a corresponding increase in 6 years finance or at least 8 years related work experience (doing financial work for more than 4 years), and (iv) should have a college degree requirement is education for high school or College, shall be a corresponding increase in 6 years finance or at least 8 years related work experience (doing financial work for more than 4 years).

Section II qualifications for licensing the 106th Director (Director) and senior management personnel qualifications applied for or report submitted by the institution.

107th of the following directors (Director) and senior management personnel qualifications applied for by the CBRC local city or state banking regulatory Bureau to receive, review and make decisions. (A) County (city, and district) rural commercial banks, and rural cooperation Bank, and rural credit association, and village Bank Chairman, and Deputy Chairman, and Director, and Board Secretary and senior management personnel, loan company General Manager; (ii) to city rural commercial banks Deputy Chairman, and Director, and Board Secretary, and Deputy President, and President Assistant, and risk Director, and financial Director, and collection rules Director, and total Audit Division, and Chief Accountant, and Chief Information Officer, and within trial sector head, and financial sector head, and collection rules sector head; (three) rural credit unions

, And County (city, and district) rural credit unions joint social, and County (city, and district) rural credit cooperation Association, and rural funds mutual social, Chairman of, and Deputy, Chairman of, and governing and senior management personnel; (four) to city rural credit unions joint social, and to city rural credit cooperation Association Deputy, Chairman of, and governing, and Deputy Director, to city rural credit association Deputy Chairman, and Director, and Deputy Director; (five) rural commercial banks branch President, and Deputy President, and President Assistant, franchise institutions General Manager, and Deputy General Manager, and General Manager Assistant.

Rural commercial banks, and rural cooperation Bank, and village Bank sales head and branch President, County (city, and district) rural credit unions joint social, and rural credit cooperation Association, and rural credit association sales head and Credit Union Director, to city rural credit cooperation Association, and rural credit association sales head and Credit Union Director, and Deputy Director, rural commercial banks branch sales head served should report silver prison branch or where City silver prison Council.

The 108th 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 bank Chairman, President, and (ii) local rural credit cooperatives Union, Director of the rural credit cooperatives, Director, Director of the city's rural credit cooperatives, and the Chairman, and (iii) provinces (autonomous regions) rural credit cooperatives Union Office (regional audit Centre) Director.

109th municipalities, rural commercial banks and the province (autonomous region) rural credit cooperatives Union Director (Director) and senior management personnel qualifications applied for by the CBRC, examine and decide, later reported the CBRC.

110th of rural small and medium financial institutions and their branches set up new, the directors (directors) and the qualification of senior management application or report, submitted in conjunction with applications for approval of the Agency.

111th Chairman (Chairman), Vice Chairman (Vice President) and qualifications for senior managers talk, the examination by the authorities or an agency authorized by the authorities in the review or prior.

The 112th person he is or has been a member to be appointed Chairman of financial institutions (Governor-General), Vice Chairman (Vice President) and senior managers, legal entities submit qualification application materials or reports, should also be submitted to the person to be appointed to the outgoing audit report or economic responsibility auditing report.

Auditing report mentioned in these measures refers to the rural small and medium financial institutions themselves or hire outside auditors for its outgoing Chairman (Chairman), Vice Chairman (Vice Chairman), senior management after an audit, the regulators within 60 days after leaving Office for the person submitting a written report. The 113th Executive qualifications and did not break serve for 1 year in a row over the person to be appointed within the same legal entity, parallel duties or became a low duty of a similar nature, do not need to reapply for approval of qualifications.

People should to be appointed after the 5th report to the location of the working bodies of the CBRC.

Rural small and medium financial institutions Directors (Director) term expires and senior managers, was re-elected or appointed to the Board (directors) and senior management, implementation of the preceding paragraph, mutatis mutandis. The 114th, Chairman of small and medium financial institutions in rural areas (Chairman), President (Director), branch Presidents, franchise Director, General Manager, Credit Union 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 a decision reported to regulators in the 3rd.

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.

The 115th article Director (Director) and senior managers before the qualification approval may not be any duty. Rural commercial banks, and rural cooperation Bank, and village Bank sales head and branch President, County (city, and district) rural credit unions joint social, and rural credit cooperation Association, and rural credit association sales head and Credit Union Director, to city rural credit cooperation Association, and rural credit association sales head and Credit Union Director, and Deputy Director, rural commercial banks branch sales head in submitted served report Qian shall not any shoe vocational, intends any people not meet served qualification conditions of,

Regulators may instruct the adjustment of rural small and medium financial institutions within the incumbent.

116th matters set out in this chapter shall require the approval of qualifications, by lower supervisory authority accepted, by the regulatory authority decided, by the regulatory authority in the 30th, the date of receipt of complete application materials approved or not approved a written decision; accepted, reviewed and decided by the same regulatory authorities, from the date of acceptance in the 30th to approve or not to approve of the written decision.

Eighth chapter supplementary articles article 117th rural credit union setting up rural commercial banks, rural cooperative banks to set up their administrative license conditions, program, Division and time frame in accordance with the approach which rural commercial bank established by the relevant regulations.

Rural Credit Union branches set up, change and its qualifications for senior managers license conditions, program, Division and time frame in accordance with the relevant provisions of the ways of rural credit cooperatives. 118th body 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.

119th 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 authorities report and the local bodies of the CBRC.

120th after the dissolution of the rural small and medium financial institutions reform for rural commercial banks, rural cooperative banks, rural credit cooperatives, rural credit union branches, the branch opening applications and relevant senior management personnel qualifications applied for or report should be submitted.

Rural commercial banks and rural cooperative banks, rural credit cooperatives, 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.

121th the Hong Kong, Macao and Taiwan banks to invest in the area of small and medium financial institutions in rural areas, mutatis mutandis, the relevant provisions of the foreign bank. 122th jurisdiction where the register mentioned in these measures refers to the urban area incorporated the services of the local district and County local counties served by the institution.

In this way the "upper" containing the number or level, in this way, the "days" are working days.

123th explain these measures by the CBRC. 124th these measures come into force on the date of promulgation, the China Banking Regulatory Commission, measures for the implementation of administrative licensing matters concerning rural small and medium financial institutions (CBRC 2014 4th) repealed simultaneously.