The term "local financial institutions" as mentioned in these Regulations refers to small loan companies, financing guarantee companies, regional equity markets, pawn shops, financial leasing companies, commercial factoring companies, local asset management companies and other organizations authorized by the state to supervise and manage the financial business in this Municipality.
Where the state has other provisions on local financial supervision, those provisions shall prevail. Article 3 Local financial supervision shall follow the principles of active prudence, safety and prudence, adhere to the combination of promoting development and preventing risks, actively guide local financial institutions to operate legally and in compliance, and maintain the safe, efficient and stable operation of local finance. Article 4 The Municipal People's Government shall strengthen the organization and leadership of local financial work, perform the duties of local financial supervision and management according to law, establish and improve the system and mechanism of local financial supervision and management, coordinate and solve major problems of local financial supervision and management, and prevent and resolve major financial risks.
The District People's Government shall strengthen the organization and leadership of local financial work within its administrative area, and perform the responsibility of preventing and handling local financial risks in accordance with its duties. Article 5 The municipal local financial supervision and management department shall be responsible for the supervision and management of local financial institutions within the administrative area of this Municipality, undertake the risk disposal responsibilities of local financial institutions, and be responsible for preventing and resolving local financial risks.
Development and reform, public security, finance, commerce, auditing, market supervision and management, state-owned assets supervision and management and other relevant departments shall do relevant work according to their respective responsibilities. Article 6 When conducting business activities, local financial institutions shall abide by laws and regulations, operate prudently, be honest and trustworthy, and bear their own risks, and shall not harm national interests, social public interests and the legitimate rights and interests of others. Article 7 This Municipality promotes the construction of financial innovation operation demonstration zones, implements relevant supporting policies for financial development, supports the introduction of financial institutions and financial talents, encourages financial innovation, enhances the ability of financial services to the real economy, and promotes the coordinated development of financial reform and innovation in China (Tianjin) Pilot Free Trade Zone and Beijing-Tianjin-Hebei. Article 8 Local financial institutions are encouraged to set up industry self-regulatory organizations according to law, so as to play the role of service, coordination and industry self-regulation, and guide local financial institutions to operate legally and compete fairly. Article 9 Newspapers, radio, television and online media should strengthen the public welfare propaganda and public opinion supervision of financial laws and regulations and related knowledge, improve the public's financial knowledge level and risk prevention awareness, and create a good financial development environment. Tenth units and individuals are encouraged to make complaints and reports on illegal financial activities. After verification, the municipal local financial supervision and management department shall give rewards in accordance with the provisions. Chapter II Local Financial Institutions Article 11 The establishment, alteration and termination of local financial institutions shall go through the relevant approval, authorization and filing procedures in accordance with relevant state regulations.
Local financial organizations that can be established only with the approval of the local financial supervision and administration department of the city as stipulated by the state shall be issued business licenses by the local financial supervision and administration department of the city in accordance with laws and administrative regulations.
Without approval, authorization or filing, no unit or individual may engage in or engage in business activities of local financial institutions in disguise. Article 12 Local financial institutions shall have business and financial information systems that meet the business requirements, and submit true business reports, financial reports, annual audit reports issued by certified public accountants, relevant business information and other documents and materials to the municipal local financial supervision and management department in accordance with regulations. Article 13 Local financial institutions shall establish and improve the appropriateness system for financial consumers and investors, and introduce appropriate financial products and services to appropriate consumers and investors.
When providing financial products and services, local financial institutions shall provide consumers or investors with true, accurate and complete information and risk warnings in easy-to-understand language, words or charts, and shall not have false records or misleading statements. Article 14 Small loan companies shall carry out loan business in accordance with the principle of small amount and dispersion, abide by the provisions of the state on loan quota and interest rate restrictions, establish and improve the loan management system, and clarify the business processes and operational norms such as pre-loan investigation, in-loan review and post-loan inspection. Encourage microfinance companies to provide credit services for farmers and micro-enterprises.
Small loan companies are not allowed to engage in any form of fund-raising, deposit-taking or disguised deposit-taking, and other activities that violate state regulations. Fifteenth financing guarantee companies to carry out business activities, should support the development of inclusive finance, promote financing, establish and improve the financing guarantee project evaluation, post-guarantee management, compensation liability recovery and other business norms and risk management and other internal control systems.
A financing guarantee company shall not engage in activities that violate the provisions of the state, such as absorbing or disguised deposits, self-operated loans or entrusted loans or entrusted investments. Article 16 The regional equity market shall provide facilities and services for the non-public issuance, transfer and related activities of securities of small and medium-sized enterprises within the administrative area of this Municipality, and conduct risk monitoring, assessment, early warning and disposal to prevent and resolve market risks. Encourage the regional equity market to innovate its business, products, operation mode and service mode under the premise of legal compliance and risk control, and provide diversified and personalized services for small and medium-sized enterprises.
The regional equity market shall not issue securities publicly or in disguised form, and shall not transfer securities by centralized bidding, continuous bidding, market makers or engage in other activities in violation of state regulations.