中国银行业监督管理委员会




China Banking Regulatory Commission No. 4 Order
Upon the approval of the State Council, the Administrative Rules Governing the Auto Financing Company is now promulgated by the China Banking Regulatory Commission.





Chairman Liu Mingkang

October 3, 2003





Administrative Rules Governing the Auto Financing Company
Chapter I General Provisions
Article 1 The Administrative Rules Governing the Auto Financing Company (hereinafter referred to as the Rules) is stipulated in accordance with relevant laws and regulations to serve the need of developing auto financing business and regulating the business activities of the non-bank financial institutions engaging in auto financing business.



Article 2 Auto financing companies referred to in the Rules are defined as non-bank financial legal entities charted by the China Banking Regulatory Commission in compliance with relevant laws, regulations and the Rules to provide loans for auto buyers and dealers in the mainland of China.



Article 3 Auto financing companies are supervised and regulated by the China Banking Regulatory Commission.



Chapter II Incorporation, Change and Termination


Article 4 The establishment of an auto financing company shall be subject to the approval of the China Banking Regulatory Commission.



Without the approval of the China Banking Regulatory Commission, no individual or entity shall be allowed to establish an auto financing company, or engage in auto financing business, or include in the name of a company such names as “auto financing” or “auto loan” that indicate the company’s engagement in auto financing business



Article 5 An investor of an auto financing company shall satisfy following requirements:

(a) It shall be a corporate legal entity incorporated in and outside China.

If the investor is a non-financial entity, its total assets of the previous year shall be no less than RMB4 billion yuan or an equivalent amount in convertible currencies; its annual business revenue of the previous year shall be no less than RMB2 billion yuan or an equivalent amount in convertible currencies.

If the investor is a non-bank financial institution, its registered capital shall be no less than RMB300 million yuan or an equivalent amount in convertible currencies;

(b) It shall have sound business performance and remain profitable for the last three consecutive years;

(c) It shall comply with the laws of the countries where it is incorporated and shall have a clean record;

(d) In case of the largest investor, it shall be an auto enterprise or a non-bank financial institution.

The auto enterprise refers to an enterprise that manufactures and sells the whole unit of an automobile.

The largest investor refers to the investor with the largest share of capital and its capital contribution accounting for no less than 30 percent of the total equity of the auto financing company;

(e) It shall not invest in more than one auto financing company; and

(f) It shall satisfy other prudential supervisory requirements set forth by the China Banking Regulatory Commission.



Article 6 An auto financing company shall satisfy the following conditions in order to be incorporated:

a) the minimum amount of registered capital required by the Rules;

b) Articles of Association that complies with relevant laws including the Company Law of the People’s Republic of China and the Rules;

c) senior management familiar with auto financing and other related business;

d) a sound organizational structure, management and risk control systems;

e) proper business premises, safety measures and other facilities for business operations; and

f) other conditions set out by the China Banking Regulatory Commission.



Article 7 The minimum registered capital of an auto financing company shall be no less than RMB500 million yuan or an equivalent amount in convertible currencies. Registered capital shall be paid-in capital.



The China Banking Regulatory Commission shall have the power to adjust the minimum registered capital of an auto financing company in line with the developments of auto financing business and the prudential requirements, but the adjusted floor shall not be lower than the amount provided in this Article.



Article 8 The establishment of an auto financing company shall cover two stages, i.e. the preparation stage and the business commencement stage. The Chinese text of all application documents for the preparation and the business commencement stages shall prevail.



Article 9 To apply for the preparation of a prospective auto financing company, the largest investor of the company shall act as the applicant and submit the following documents to the China Banking Regulatory Commission:

(a) an application letter, including the auto financing company’s name, location of incorporation, registered capital, business scope and investors’ names and amounts of investment, etc.;

(b) a feasibility study on establishing the auto financing company, including a market analysis, a business plan, the organizational structure, an assessment of the company’s risk control capability, the proforma balance sheet and profits in the following three years after the business commencement;

(c) an Articles of Association of the auto financing company (a draft note);

(d) basic information of each investor of the auto financing company, including name, legal representative, location of incorporation, a photocopy of the business license and a summary of business performance, etc.;

(e) the investor’s balance sheet, profit and loss statement and cash flow statement for the latest three years audited by qualified auditing firms;

(f) name and resume of the person in charge of the preparation; and

(g) other documents required by the China Banking Regulatory Commission.



If the applicant is a foreign non-bank financial institution, it shall submit the consent of its home country supervisory authority in writing. If the applicant is a non-financial entity, it shall submit the credit rating report of the previous year by a rating agency.



Article 10 The China Banking Regulatory Commission, upon receiving a complete set of application documents for the preparation of an auto financing company, shall provide its decision of approval or denial in writing within six months.



Article 11 The applicant shall, upon receiving the approval letter from the China Banking Regulatory Commission, complete the preparation within six months. If the applicant has justification for prolonging the preparation stage beyond the prescribed period, it shall submit a written application to the China Banking Regulatory Commission before the original deadline falls due, and may extend the preparation stage for up to three months subject to the approval.



If the applicant fails to apply for business commencement upon the completion of the preparation stage or the extended preparation stage, the original approval document for the preparation shall become void automatically.



During the preparation stage, the applicant shall not conduct any auto financing business.



Article 12 The applicant shall, before the deadline of the preparation stage or the extended preparation stage, apply for business commencement to the China Banking Regulatory Commission with the following attachments:



(a) a report on completion of the preparation and an application letter for business commencement;

(b) a certification of paid-in capital issued by a qualified Chinese certifying agency, and a registration certificate issued by the State Administration of Industry and Commerce;

(c) articles of Association of the auto financing company;

(d) names and detailed resumes of proposed senior managerial personnel;

(e) name and capital contribution of each shareholder;

(f) proposed business rules and procedures and internal controls;

(g) verification documents on business premises and other business-related facilities issued by relevant authorities; and

(h) other documents required by the China Banking Regulatory Commission.



Article 13 The China Banking Regulatory Commission, upon receiving a complete set of business commencement application documents, shall provide its decision of approval or denial of the application within three months. If the application is approved, the applicant shall receive a written approval letter attached with a license to conduct financial business with the prescribed business scope. If the application is denied, the applicant shall receive a written notice in which reasons for denial are provided.



The applicant shall, before commencing operations, register with the State Administration of Industry and Commerce with the presentation of the license to conduct financial business, and receive a corporate legal entity business License.



The China Banking Regulatory Commission shall revoke the license to conduct financial business and issue a public notice of the revocation if the auto financing company, after receiving the business license, fails without justification to open business within three months, or, without approval, stops operation for six consecutive months after business commencement.



Article 14 An auto financing company shall not set up any branch or subsidiary.



Article 15 The appointment of the senior managerial personnel of an auto financing company shall be either subject to the qualification review by the China Banking Regulatory Commission or filed with the China Banking Regulatory Commission for record.



The chairman of the board of directors, general manager and deputy general manager, executive directors, and chief financial officer of an auto financing company are subject to the qualification view by the China Banking Regulatory Commission. The qualifications of these senior managerial personnel and procedures relating to qualification review and filing for record shall be issued separately.



Article 16 An auto financing company, in case of any of the following changes, shall seek the approval of the China Banking Regulatory Commission:

(a) change of company name;

(b) change of registered capital;

(c) change of business premises;

(d) change of business scope;

(e) change of organizational structure;

(f) change of equity structure;

(g) revision of Articles of Association;

(h) change of senior managerial personnel;

(i) merger or split; and

(j) other changes that require the approval of the China Banking Regulatory Commission.



Article 17 The liquidation of an auto financing company whose operation is terminated because of dissolution, closure or bankruptcy, shall be carried out in compliance with relevant laws and regulations.



Chapter III Business Scope and Supervision


Article 18 An auto financing company may conduct all or part of the following lines of Renminbi business with the approval of the China Banking Regulatory Commission:

(a) taking deposits with maturity of no less than three months from its shareholders in the mainland of China;

(b) extending loans for auto purchase;

(c) extending loans to auto dealers for purpose of purchasing automobiles or facilities for operations (including the show-room construction, purchase of spare parts and equipment repairs);

(d) transferring and selling auto loan receivables;

(e) borrowing from financial institutions;

(f) providing guarantee for auto purchase financing;

(g) agency business relating to auto purchase financing; and

(h) other loan business approved by The China Banking Regulatory Commission.



Article 19 An auto financing company, in case of extending loans to a natural person for auto purchase, shall observe relevant rules governing the auto loans to individual buyers promulgated by the relative supervisory authority. In case of extending auto loans to a legal entity or other organizations, an auto financing company shall observe relevant rules set out by General Provisions of Loans and other regulations.



Article 20 An auto financing company, without the approval of relevant regulatory authorities, shall not issue bonds or borrow funds from overseas. When an auto financing company’s establishment and business operations involve currency exchange, outward repatriation of profits, provision of auto loans for non-residents, capital management or other business transactions relating to foreign exchange administration, the company shall be subject to relevant regulations to be jointly issued by relative regulatory authorities and the State Administration of Foreign Exchange.



Article 21 An auto financing company shall meet the requirement on the capital to risk assets ratio, and the capital adequacy ratio shall not be less than ten percent. The China Banking Regulatory Commission may increase the minimum requirement of capital adequacy ratio of an individual company in line with the company’s risk profile and risk management capability. Other requirements on risk control and management relating to various kinds of assets shall be issued separately by the China Banking Regulatory Commission.



Article 22 An auto financing company shall adopt relevant accounting rules for financial institutions.



Article 23 An auto financing company shall compile in required format and submit to the China Banking Regulatory Commission the balance sheet, the profit and loss Statement, the cash flow statement and other statements required by the China Banking Regulatory Commission, and submit the financial statements of the previous year within three months after the end of each accounting year.



An auto financing company shall not provide false financial statements, or statements in which important facts are concealed.



Article 24 An auto financing company shall establish and improve various business management systems and internal controls in line with Guidelines on Strengthening Internal Controls of Commercial Banks issued by the People’s Bank of China, and report the systems to the China Banking Regulatory Commission before their implementation.



Article 25 An auto financing company shall accept the on-site examination and the off-site surveillance by the China Banking Regulatory Commission.



Article 26 The China Banking Regulatory Commission may call the legal representatives or other senior managerial personnel of an auto financing company for inquiries into problems discovered during regular examinations, and demand the company to correct within a prescribed time frame.



Article 27 An auto financing company shall establish a system of external audit on a regular basis and submit to the China Banking Regulatory Commission annual auditor’s report signed by the company’s legal representative within six months after the end of each accounting year.



Article 28 An auto financing company, in case of encountering payment difficulties or other emergencies, shall take remedial actions, and promptly report to the China Banking Regulatory Commission.



Article 29 The China Banking Regulatory Commission shall demand remedial actions by an auto financing company in case of the following circumstances:

(a) The company suffers from a loss in the current year of above 50 percent of the registered capital or losses in the last three consecutive years of above 10 percent of the registered capital;

(b) The company is in payment difficulties; and

(c) The company faces other major operational risks that the China Banking Regulatory Commission deems necessary to issue an order for corrective actions.



Article 30 The China Banking Regulatory Commission, after issuing an order for corrective actions to an auto financing company, may take the following enforcement actions:

(a) demanding or prohibiting the change of the company’s senior managerial personnel;

(b) suspending part of the company’s business or prohibiting the company’s engagement in new business lines;

(c) demanding an increase of the company’s capital within a prescribed time frame;

(d) demanding the company to change its equity structure or implement other forms of restructuring;

(e) prohibiting the dividend distribution; and

(f) other enforcement actions that the China Banking Regulatory Commission deems necessary.



Article 31 An auto financing company, when receiving an order for remedial actions, shall not resume normal business operations until the following conditions are met and are approved by the China Banking Regulatory Commission:

(a) Solvency is restored;

(b) Losses are covered; and

(c) Major operational risks are addressed.



Article 32 The maximum time limit that an auto financing company is allowed for corrective actions shall not exceed one year. If the company fails to meet the objectives of remedial actions within the prescribed time limit, its operation shall be terminated in accordance with relevant laws and regulations.



Article 33 Auto financing companies may establish a trade association for self-regulation purposes. The activities of the trade association are subject to the guidance and oversight of the China Banking Regulatory Commission.



Chapter IV Legal Liabilities


Article 34 Any establishment of an auto financing company or any auto financing business without the approval of the China Banking Regulatory Commission shall be banned. If the case constitutes a crime, criminal liabilities shall be investigated. If the case dose not constitute a crime, the China Banking Regulatory Commission shall confiscate the illegal earnings and impose a fine between one to five times the illegal earnings. If no illegal earnings are involved, the China Banking Regulatory Commission shall issue an order for remedial actions and impose a fine of no less than RMB100,000 yuan and no more than RMB500,000 yuan.



Article 35 The China Banking Regulatory Commission shall demand correction and impose a fine of RMB1000 yuan if a company, without the approval of the China Banking Regulatory Commission, includes in its name such words as “auto finance”, “auto loan”, etc. that indicate the company’s engagement in auto financing business.



Article 36 In case of an auto financing company being found to engage in business activities beyond its prescribed business scope, the China Banking Regulatory Commission shall issue a warning against the company, confiscate the illegal earnings and impose a fine in a range of one to five times the illegal earnings. If no illegal earnings are involved, the China Banking Regulatory Commission imposes a fine of no less than RMB100,000 yuan and no more than RMB500,000 yuan. If the case constitutes a crime, the criminal liabilities shall be investigated.



Article 37 In case of an auto financing company being found in violation of relevant provisions of the Rules to provide false financial statements or statements in which important facts are concealed, the China Banking Regulatory Commission shall issue a warning against the company, and impose a fine of no less than RMB100,000 yuan and no more than RMB500,000 yuan. If the case constitutes a crime, the criminal liabilities shall be investigated.



Article 38 In case of an auto financing company being found in violation of relevant provisions of the Rules to reject or impede the examinations and oversight by the supervisor, the China Banking Regulatory Commission shall issue a warning against the company, and impose a fine of no less than RMB10,000 yuan and no more than RMB30,000 yuan.



Article 39 An auto financing company, in case of being found in violation of the Rules, shall be punished in accordance with the provisions of Article 34 to Article 38. If the violation is a serious one, the China Banking Regulatory Commission may ban the company’s senior managerial personnel from holding senior management position for one to ten years, or in some particular case, for life.



Article 40 An auto financing company, in case of being found in violation of other Chinese laws and regulations, shall be subject to enforcement actions by relevant regulatory authorities.



Chapter V Supplementary Provisions


Article 41 The Rules is applicable to all auto financing companies incorporated in the mainland of China funded by investors from Hong Kong Special Administrative Region, Macao Special Administrative Region and Taiwan province.



Article 42 The Rules enters into effect on October 3, 2003, and the power of the interpretation rests with the China Banking Regulatory Commission.




山西省晋中市人民政府


关于印发晋中市电子政务网络管理办法的通知





晋中市电子政务网络管理办法

第一章 总 则
第一条 为了规范我市电子政务网络建设工作，促进全市电子政务的健康有序发展，根据《中华人民共和国计算机信息系统安全保护条例》、《中华人民共和国计算机信息网络国际联网管理暂行办法》、《电子政务信息安全等级保护实施指南（试行）》（国信办[2005]25号）、《中共中央办公厅、国务院办公厅转发〈国家信息化领导小组关于推进国家电子政务网络建设的意见〉的通知》（中办发[2006]18号）等相关法律法规规定和文件精神，结合本市实际，制定本办法。
第二条 晋中市电子政务网络（以下简称市电子政务网络）是指覆盖市委、市人大、市政府、市政协，连接各县（区、市）和市直各单位非涉密的电子政务外网，与互联网逻辑隔离，通过市电子政务网络可以上互联网。
第三条 市电子政务网络为全市党政机关提供信息资源库、核心政务办公系统以及市政府门户网站群等服务。
第四条 本办法适用于所有接入市电子政务网络的单位。
第二章 组织管理
第五条 晋中市信息中心（以下简称市信息中心）负责市电子政务网络的建设、运行、维护和管理，负责指导、协调和监督各县（区、市）和市直各单位电子政务网络的建设和管理。各县（区、市）电子政务网络建设与管理工作由各县（区、市）政府办公室负责。
第六条 各县（区、市）政府、市直各单位应当明确分管领导和责任机构，保证必要的人员和经费，配备能够满足工作要求的网络管理员负责本单位电子政务网络的建设、管理和维护工作。
第七条 从事电子政务网络运行、维护、管理的网络管理员应具有一定专业技术水平，并接受市信息中心组织的各项培训和技术考核。
第三章 网络安全管理
第八条 市信息中心统一管理市电子政务网络的互联网出口，各县（区、市）及市直各单位不得自行重新铺设独立线路或租用其他线路组成传输骨干网。各县（区、市）政府负责本级电子政务网络建设以及与市电子政务网络的连接，在运行中逐步完善。
第九条 各县(区、市)、市直各单位在建设电子政务网络时，必须同步设计和实施信息与网络安全系统。
第十条 市电子政务网络属于非涉密的电子政务外网，各县（区、市）、市直各单位不得将涉密的计算机设备和网络接入市电子政务网络，不得在市电子政务网络上传输、处理或存储涉密信息。
第十一条 市信息中心对各单位网络管理员实行帐号分级、分权管理，帐号密码要定期进行更改。各单位网络管理员对本单位操作人员设立独立帐号，授予与其岗位职责相对应的操作权限；并对本单位的主要网络设备的帐号密码定期进行更改。
第十二条 接入市电子政务网络的单位必须接受并配合市信息中心进行网络系统及信息系统的定期或不定期的安全检查。
第十三条 任何单位和个人不得利用市电子政务网络从事危害国家安全、泄露国家秘密等违法犯罪活动；不得利用市电子政务网络查阅、复制、制造和传播非法信息。
第十四条 任何单位或个人不得破坏、盗窃电子政务网络基础设施（包括：网络设备、通信线路、接口模块等）。
第四章 运行管理
第十五条 市信息中心负责骨干路由器和核心交换机的配置和维护工作。
第十六条 各县(区、市)、市直各单位负责本地区或本单位电子政务网络上的路由器、交换机等设备正常运行；负责在路由器上按照市信息中心的规划对接入用户进行配置，所做配置不得影响市电子政务网络的正常连通与运行。
第十七条 市信息中心及各县(区、市)、市直各单位定期对各类数据进行备份，并负责线路的日常维护。
第十八条 各县(区、市)、市直各单位应当对所负责的网络、设备、数据和应用系统建立应急处理和灾难恢复机制，制定事故应急响应和处理措施，制定灾难恢复策略和预案，并报市信息中心备案。
第十九条 各县(区、市)、市直各单位应建立值班制度，制定值班日志，定期检查网络运行状况并进行安全性能检测，发现问题及时解决。
第五章 IP地址管理
第二十条 市信息中心负责全市电子政务网络的虚拟局域网（VLAN）的划分和IP地址的分配。
第二十一条 各县(区、市)、市直各单位必须严格使用由市信息中心分配的IP地址，各单位网络管理员负责本单位的IP地址管理和分配。
第二十二条 各县(区、市)、市直各单位用户不得私自更改接入市电子政务网络计算机的IP地址、子网掩码、网关及DNS，如以上信息遗失及时与本单位网络管理员联系。
第二十三条 市委市政府机关大院内（主楼、东楼、西楼及红楼）单位除遵守以上IP地址管理办法外，还必须遵守以下规定：
(一) 接入市电子政务网络的计算机其信息插座（即墙面接线盒）和IP地址是固定唯一的，若变更信息插座端口或调整办公场所，须报市信息中心，由市信息中心协助本单位网络管理员进行IP地址的调配。
(二) 任何单位如果需要增加或减少内、外网接入计算机数量时，需通过本单位网络管理员向市信息中心提出书面申请，批准后由市信息中心组织实施。
第六章　防病毒管理
第二十四条 各县(区、市)、市直各单位严禁制造和传播计算机病毒，以及其它危害计算机信息系统安全和市电子政务网络安全的有害数据。
第二十五条 市信息中心通过网络设备实时监测市电子政务网络运行情况。若发现某单位终端计算机由于异常行为(病毒、黑客程序非法攻击等)影响网络正常使用，市信息中心为保障市电子政务网络安全将断开终端计算机网络连接，并通知用户解决终端计算机问题。
第二十六条 各县(区、市)、市直各单位要切实做好防病毒措施，每台计算机都要安装防病毒软件。发现计算机病毒时，应立即自行断开网络连接，执行杀毒工作，做好记录并及时向市信息中心报告。
第七章 相关处理办法
第二十七条 对因私改计算机IP地址、网关和DNS影响到市电子政务网络系统稳定运行的单位或个人，信息中心发现后将对该单位或个人暂时断网、并通知该用户限期整改，情节严重者将取消其入网资格。
第二十八条 对因私改、破坏网络线路和接入模块导致故障的单位或个人，信息中心发现后将对该单位或个人暂时断网、并通知该用户限期整改，维修费用由该单位或个人承担，情节严重者将取消其入网资格。
第二十九条 任何单位和个人不得在网络上散发恶意信息，冒用他人名义发送信息，侵犯他人隐私；不得制作、恶意传播计算机病毒及从事其它侵犯网络和他人合法权益的活动，信息中心一经发现取消该单位或个人的入网资格。

第八章 附 则
第三十条 本办法自发布之日起实施。