Provincial Association is a regular and well-paid unit, belonging to enterprises. Provincial Association is the functional department of rural credit cooperatives (including rural commercial banks and rural cooperative banks, hereinafter referred to as rural cooperative institutions) managed by the provincial government, and specifically undertakes the management, guidance, coordination and service responsibilities of rural cooperative institutions.
Provincial Association is mainly in charge of rural credit cooperatives and rural commercial banks. Rural credit cooperatives and rural commercial banks are two forms of rural financial institutions in China, which can be said to be two stages of transformation to banks. Rural credit cooperatives are rural financial institutions that initially serve agricultural production and rural development, while rural commercial banks are the product of rural financial system reform and are born to meet the financial needs of economically developed rural areas. Among them, the commercialization of rural commercial banks is close to that of commercial banks.
The main functions of the Provincial Association are:
Formulate the reform and development plan of rural credit cooperatives in the whole province and organize its implementation; Formulate industry self-discipline management system and supervise its implementation;
Guide rural credit cooperatives to improve corporate governance structure, establish standardized and effective management mechanism, improve internal control system, innovate service methods and expand new business areas;
Organize the construction and management of electronic and integrated business networks and provide information consulting services;
Guide and urge rural credit cooperatives to elect directors, supervisors and employ key management personnel according to law, and be responsible for the examination and nomination of directors (chairmen) and presidents of rural credit cooperatives and rural cooperative banks;
Responsible for organizing and guiding the staff training of rural credit cooperatives in the province; Organize fund adjustment and financing among rural credit cooperatives, handle or represent capital settlement and settlement business of rural credit cooperatives, participate in the capital market and finance rural credit cooperatives; Coordinate the relationship between relevant parties and safeguard the legitimate rights and interests of rural credit cooperatives.
Provincial Association does not specifically engage in deposit and loan business.
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Legal basis: Notice of the General Office of China Banking Regulatory Commission on strengthening the supervision of fund business of rural cooperative financial institutions.
Second, strengthen the service for the capital business of the provincial association.
The provincial association should provide safe and effective fund business services according to the differences in the capital operation ability of legal entities and their objective application needs, and in accordance with the principles of marketization and differentiation.
(a) the implementation of classified services and guidance. For legal institutions with trading qualifications and independent management capabilities, the Provincial Association should actively support their independent use of surplus funds and guide them to strengthen risk management and internal control; For legal institutions located in remote areas, with blocked information, low regulatory rating, not yet qualified for trading or lacking self-supporting ability, the Provincial Association can provide necessary fund utilization services according to the principle of marketization.
(2) Improve the service mode. The main service mode of the provincial association should be to provide information on the use of funds and investment channels to legal entities, and the legal entities should directly trade with counterparties according to the information and channels provided by the provincial association, or should the provincial association provide intermediary services? The tripartite agreement of J Bank will gradually reduce the proportion of business in which the provincial association collects funds first and then uses them uniformly. Provincial associations should strengthen capital business research and provide legal institutions with information services such as market analysis and risk early warning.
(3) standardize the source and use of funds. Provincial Association shall not force or encourage legal person institutions to deposit funds in any way. Lack of investment channels, self-supporting ability and has not yet obtained the trading qualification of legal institutions really need to entrust the provincial association to use the surplus funds, the two sides should sign time deposit contracts one by one in accordance with the principle of marketization. The use of funds by provincial association should adhere to the principles of safety and liquidity. In addition to interbank deposits, low-risk varieties can be carefully selected for investment, such as government bonds, central bank bills, financial bonds, AAA corporate bonds (including short-term financing bills and medium-term bills), and interbank deposit certificates. It is forbidden to invest in business varieties with high credit risk and poor liquidity. Bond investment should accurately classify accounts and establish a trading stop-loss mechanism. If the floating loss of the trading account exceeds 50% of the withdrawn general risk reserve or the impairment of bank suppliers exceeds the withdrawn impairment reserve, the provincial association shall not increase the investment scale. The Provincial Association implements special account management and closed operation of the liquidation funds deposited by legal person institutions, and it is strictly forbidden to mix them with other deposited funds, and it is strictly forbidden to invest in bonds.
(4) Reasonable distribution of income. The income from the fund business of the Provincial Associated Press shall be distributed according to the principle of "fund owners enjoy", and the comprehensive income paid to the legal person institution (including the interest paid by the deposited funds and the profits returned according to the contract) shall not be lower than the average market interest rate of the same grade; The provincial association shall not illegally intercept the business income of funds, and shall not collect items that should be used for management fees. After fulfilling the prescribed procedures, the provident fund drawn from the profits can be used for the rescue of difficult institutions, system liquidity support and other reasonable public expenditure items. Provincial Association shall inform the legal person institution of the deposit, investment, income distribution and fund utilization business on a quarterly basis, and send a copy to the local banking regulatory bureau.