Under the socialist system, the self-owned funds of enterprises owned by the whole people are mainly state financial allocations and internal accumulation of enterprises. In addition, in the process of production and operation, due to objective reasons such as settlement time, the fixed liabilities such as taxes payable, profits payable and accrued expenses also participate in the turnover as the company's own liquidity.
The self-owned funds of collective enterprises are mainly shares, provident fund, public welfare fund and other special funds.
Extended data:
China officially introduced the management measures for bank financing subsidiaries, and moderately relaxed the scope of use of its own funds.
After a month's consultation, the China Banking Regulatory Commission officially issued the Measures for the Administration of Financial Subsidiaries of Commercial Banks on the evening of February 2, 20 18. It is worth noting that, compared with the previous draft for comments, the government has moderately relaxed the scope of use of its own funds of the bank's wealth management subsidiaries.
According to reports, the Measures for the Administration of Financial Subsidiaries is a supporting system for the new financial regulations issued before, and together with the new asset management regulations and new financial regulations, it constitutes the regulatory requirements for financial subsidiaries to carry out financial management business. This method has made appropriate adjustments to some provisions of the "New Financial Regulations", so that the regulatory standards of financial subsidiaries are generally consistent with those of other asset management institutions.
Compared with the previous draft for comments, the official made some adjustments after absorbing reasonable opinions from all parties. In terms of equity management, the CBRC has adopted the feedback from market institutions, encouraged all shareholders to hold the equity of wealth management subsidiaries for a long time, and kept the equity structure stable. At the same time, it has reserved space for the wealth management subsidiaries to introduce domestic and foreign professional institutions and better implement the measures of opening up the banking industry.
In terms of investment of self-owned funds, referring to the supervision system of similar asset management institutions, the scope of use of self-owned funds is moderately relaxed, allowing wealth management subsidiaries to invest a certain proportion of their own funds in wealth management products issued by the company under the premise of strictly observing risk management requirements.
In terms of internal control isolation and transaction control, referring to the regulatory system of similar asset management institutions, the regulatory requirements are further refined in terms of separation of investment management and transaction execution functions, establishment of fair trade system and abnormal transaction monitoring mechanism, control of same and reverse transactions of wealth management products, and code of conduct for employees.
The CBRC said that the above measures will help to strengthen the risk isolation of bank wealth management business, optimize the organizational management system, and promote the return of bank wealth management to the source of asset management business; Cultivate and strengthen the team of institutional investors, and guide wealth management funds to enter the real economy and financial markets in a legal and standardized form; Promote unified regulatory standards for asset management products, better protect the legitimate rights and interests of investors, and effectively prevent and control financial risks.
Baidu encyclopedia-own funds
China Economic Net-China issued measures for the management of bank financing subsidiaries, moderately relaxing the scope of use of its own funds.