BEIJING, Dec. 16 (Xinhua) -- The People's Bank of China (PBOC), the Chinese central bank, unveiled on Wednesday the opinion-inviting measures for supervising and administrating financial infrastructure to reinforce overall planning and secure safe and highly efficient operation of the financial system, reported Xinhua Finance.
PBOC said the rules define the financial infrastructure regulatory and supervisory framework and improve access management for financial infrastructure.
Including six chapters, the rules contain detailed arrangements on access, supervision and regulation of financial infrastructure of six categories.
Under overall supervision and regulation for financial infrastructure in China are financial facilities and their operating institutions approved by the State Council or its financial regulatory bodies, such as financial asset registration and custody systems, clearing and settlement systems, transaction facilities, trading report libraries, key payment systems and basic credit information systems.
Establishment of certain financial infrastructures should be nodded after being approved by the State Council. These financial infrastructures only include those that entail or may entail significant impact on China's financial system, or are deemed necessary by the financial regulatory bodies under the State Council.
The rules also provide requirements on qualification of shareholders and "directors, supervisors and senior executives", capital, and system construction for founding financial infrastructure and strengthened operation and risk management requirements over financial infrastructure. (Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)
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