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Finance is a financial license , now owned by non-financial institutions Bank, China Banking Regulatory Commission by the management.
Financial companies the greatest significance in this. The equivalent of the state has conducted a credit endorsement.
Although the name sounds ugly financial companies, in addition to not absorb public deposits and foreign loans, in addition, finance companies and banking business function basically the same, the equivalent of a central enterprises have their own "house bank" may engage in financial advisory services, members of the unit deposits, loans, settlement, bill discounting, guarantees, and are lending in the interbank market among banks, which greatly facilitates the company's financial position management, and enhance the capital efficiency of enterprises, reduce financing costs, more importantly, leverage can magnify, after all, the root causes can be highly leveraged financial operators license is worthless.
In addition, now a few large central enterprises engaged in finance companies can also issue non-member companies market financial bonds in the inter-bank bond underwriting business, you know this is only a small number of banks, brokerages and insurance companies can do live. Let's say the finance company in China Southern Power Grid December 19, 2016 2016 Underwriting the second phase of ultrashort Southern Power Grid Company issued 1.5 billion yuan of financing, total issuance of the Group of 30%, that is to say after this money can not give Bank brokers earn, finance companies and that they make a left.
In addition to bond underwriting, many central enterprises finance company is still based on their own advantages, and actively develop new business growth industry chain financing, consumer finance and so on.
The company is a large central enterprises Financial Group centralized investment and financing platform , in addition to the group and members of the corporate finance, a lot of fund position of the central enterprises relatively abundant financial companies have begun to engage in financial investment business to generate income.
For example, in January 2012, China Datang Group Finance Co., Ltd. invested 1.41 billion yuan through private placement of shares the rich Yunnan bank 600 million shares, 19.5% of the shares held by the rich Yunnan bank, annualized rate of return on the final sum investment It reached more than 15%, greatly solve the problem of the central rate of diminishing marginal returns of capital investment. The finance company set up earlier ordnance, as of the end of 2011, the beginning of the company's assets grew from 431 million yuan to set up 43.462 billion yuan, achieved 14 consecutive years of profitability, total profit of 3.957 billion yuan, non-performing assets ratio long term remain at 1% or less. Some larger volume of central enterprises finance company, itself due to the large-scale, capital adequacy, a wider range of investment business, revenue also increased significantly. As CNPC's China Petroleum Finance Company's total assets reached more than 50 billion yuan, net profit of several billion dollars. This scale, has reached the level of medium-sized commercial banks.
We can say that the central rate of the finance company as a pocketbook central enterprises, plays a vital role in the current supply-side structural reforms in the foreseeable future, many companies will continue to finance the central enterprises muffled fortune.
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Through my study of the Association of Finance Companies yearbook, I found that most of the financial company's organizational structure is such that (make you understand the tasks of various departments): financial planning department , responsible for deposits (ie imputation member units of currency funds), management and use of funds, lending, equity investment, portfolio investment, financial advisory and consulting services, etc. (deposits and fund management is the most important work); credit department responsible for issuing credit loans, entrusted loans , bills discounting, commercial ticket insurance paste acceptance, financing and leasing business; risk Department (risk audit, compliance); settlement Department practical settlement enterprise in charge of the sub-branch member units, bill collection and other services, namely payment etc. specific lending operations; the Ministry of Finance is the company's accounting department; General Department is responsible for human resource management and administration.
As for treatment, essentially unchanged from the region's banking back office staff, as the region's banking staff.
Also suddenly thought of the car finance company business is the customer - that is, buyers provide car loans.
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approved by the CBRC, Chinese financial companies may engage in some or all of the business:
the absorption member units more than 3 months time deposits.
Issuing financial bonds.
Lending.
To member companies for loans and finance lease.
Members of the Group unit of product handling consumer credit, buyer's credit and finance lease.
Handling acceptances and commercial bills discounting member units.
Entrusted to handle the loans and the members of the unit trust investment.
Securities, financial institutions and member units of equity Equity (CBRC area where I forbid us to invest in stocks, bonds, equity investment is possible).
Underwriting member units of corporate bonds.
Provision of financial advisory member units, credit verification and other advisory agency business.
To provide security for the members of the unit.
Overseas foreign exchange borrowings.
Other businesses approved by the CBRC.