1, it is really necessary to centrally manage the funds of enterprise groups, and it can reach a certain business scale after reasonable prediction;
2. Having articles of association that comply with the Company Law of People's Republic of China (PRC) and the provisions of the China Banking Regulatory Commission;
3. There are investors who meet the prescribed conditions;
4. The registered capital is a one-time paid-in monetary capital, with a minimum amount of 654.38+0 billion yuan or equivalent convertible currency. China Banking Regulatory Commission may adjust the minimum registered capital of a financial company according to the development of the company and the need of prudent supervision.
5. Having qualified directors and senior management personnel, and at least 65,438+0 personnel with more than 3 years relevant financial experience in key positions such as risk management, fund management, credit management and settlement;
6. Among the employees of finance companies, no less than two-thirds of the total number have been engaged in finance or finance for more than three years, and no less than one-third of the total number have been engaged in finance for more than five years, and at least senior managers with more than five years of banking experience have been introduced 1 person;
7. Established an effective corporate governance, internal control and risk management system;
8. It has established an information technology system that meets the requirements of business operation and supervision, has a necessary, safe and compliant information management system to support business operation, and has technologies and measures to ensure continuous business operation;
9. Having business premises, safety precautions and other facilities suitable for business operation;
10, other prudential conditions stipulated by the laws and regulations of China Banking Regulatory Commission.
The main role of the finance company:
1, in the management and use of funds, promoted the enterprise from extensive to intensive. Before the establishment of the finance company, there was no direct credit relationship between the member enterprises of the group company. Some enterprises often had very tight funds, while others had idle funds. After the establishment of a financial company, member enterprises become shareholders of the financial company, and to a certain extent, they pool the capital of each member enterprise for comprehensive operation. At the same time, financial companies can use financial means to pool the idle funds of the internal affairs enterprises of the group company and make overall arrangements for their use, which can speed up the settlement of funds among the member enterprises of the group company and avoid the occurrence of "triangular debts", thus reducing the financial expenses of the group company as a whole, improving the efficiency of the use of funds of the group company and accelerating the process of integrated operation of assets of the group company.
2. Financial companies take capital as a link and service as a means to enhance the cohesion of the group company. On the one hand, the finance company absorbs some member enterprises of the group company as its own shareholders and connects everyone with the bond of equity capital; On the other hand, the funds absorbed by finance companies have become an important source of credit funds for the member enterprises of the group company, thus further strengthening the ties between the member enterprises of the group company and forming a situation of mutual support and mutual promotion.
3. Solve the urgent need for funds of enterprise groups in time to ensure the normal production and operation of enterprises. Due to various reasons, enterprises often encounter a shortage of funds, which affects the normal operation of production. After the establishment of the finance company, it knows the production characteristics of the enterprise better than the bank, and can provide emergency funds for the enterprise in time to ensure the normal production and business activities.
4. Enhance the financing function of enterprise groups and promote the development of group companies. Finance companies not only handle general deposit, loan and settlement business, but also actively develop new businesses such as bills and buyer's credit according to the development strategy and production and operation characteristics of enterprise groups, which has played a very good role in expanding sales and reducing inventory for enterprises.
5. It is conducive to breaking the situation that the existing banking system funds are divided by administrative regions and promoting the cross-regional and cross-industry development of large group companies. The financial institutions in China have some problems such as vertical arrangement and compartmentalization. The fund management system is classified by administrative regions, and it is difficult for funds to flow across regions. Central enterprises often don't get the support they deserve in local areas, but financial companies can break through geographical restrictions, raise and raise funds from member enterprises that are not in the same area as the headquarters of the group company, provide financial support for projects whose funds can't be in place in time, and ensure the normal production and the scheduled start of projects under construction.
6. It promotes the competition in the financial industry, helps financial institutions to improve service quality and efficiency, and is conducive to the deepening of financial system reform. Among all financial institutions, financial companies are still quite weak, far from being able to compete with other financial institutions, especially banks. However, in order to survive, financial companies must win customers by improving service quality, which objectively plays a role in promoting other financial institutions to deepen reform and improve service quality.
legal ground
Article 7 of the Measures for the Administration of Finance Companies of Enterprise Groups: The establishment of a legal person institution of a finance company shall meet the following conditions:
(1) It really meets the needs of centralized management of enterprise group funds and can reach a certain business scale through reasonable prediction;
(2) Having articles of association that comply with the Company Law of People's Republic of China (PRC) and the provisions of the China Banking Regulatory Commission;
(3) Having investors who meet the prescribed conditions;
(4) The registered capital is a one-time paid-in monetary capital, with a minimum amount of 654.38 billion yuan or equivalent convertible currency. China Banking Regulatory Commission may adjust the minimum registered capital of a financial company according to the development of the company and the need of prudent supervision.
(5) Having qualified directors and senior managers, and no less than 65,438+0 personnel in key positions such as risk management, fund management, credit management and settlement. At least 3 years relevant financial experience;
(6) No less than two-thirds of the employees of a finance company who have been engaged in finance or finance for more than three years, no less than one-third of the employees who have been engaged in finance for more than five years, and no less than 1 person of senior managers with more than five years of banking experience;
(7) An effective corporate governance, internal control and risk management system has been established.
(8) It has established an information technology system that meets the requirements of business operation and supervision, has a necessary, safe and compliant information management system to support business operation, and has technologies and measures to ensure the continuous operation of business;
(9) Having business premises, safety precautions and other facilities suitable for business operation;
(10) Other prudential conditions stipulated by China Banking Regulatory Commission.