"Banks go bankrupt," the wolf is really coming.
According to China Voice "News Night", the vice chairman of the China Banking Regulatory Commission, Qi Qingmin, said at the "Peking University Economic Wealth Forum" that the China Banking Regulatory Commission is preparing to speed up the introduction of bankruptcy regulations, and a stone has stirred up waves.
In the past, it was almost unthinkable to talk about “bankruptcy†against domestic commercial banks. It was just after the global financial crisis in 2008 that bankruptcy seemed to be a difficult problem for European and American countries.
Recently, however, such a vocabulary has become a hot topic in the domestic financial community. The China Banking Regulatory Commission held the 2014 National Banking Supervision Work Conference on January 6th. It was stated that this year, the banking industry will be expanded to open up to the outside world, and the banks that set up their own risks will be initiated by pure private capital. The pilot will be the first and the first batch of pilots will be launched. Up to 5, mature one set up one.
In this regard, he invested heavily in investing in China's first private bank - Shi Yuzhu of the Minsheng Bank [microblogging] quickly tweeting Weibo: now there is no point in starting a private bank. The reasons are as follows: 1. The newly approved private banks are not all licensed banks, and their business scope is controlled to be narrow. This bank is not a bank; 2. The operating area is limited; 3. The new bank needs to experience a loss of 3-5 years, and the net assets will shrink sharply; 4. The core team of the new bank needs at least three years of integration. Fighting power; except Internet banking.
Does it mean that this is something that bankers are worried about. The key point that ordinary people should pay attention to is that banks should be "at their own risk."
If a bank goes bankrupt, will depositors’ deposits be lost? Banking marketization, who is the money for the people?
The maximum amount of compensation may be 500,000 yuan
Zhao Qingmin said, "In the future, let the market speak and let the capital speak. If the commercial bank is not in debt, it will withdraw."
What does that mean? The common understanding is that the state no longer allows depositors to deposit in commercial banks, allowing banks to go bankrupt. Once a bank goes bankrupt, depositors' deposits will be compensated by deposit insurance agencies, but there is a certain limit for compensation. According to the information disclosed at present, the maximum amount of deposits for depositors in a single bank may be 500,000 yuan. The deposit portion exceeding this limit will not be compensated.
According to the central bank's planned limit of 500,000 yuan, after the deposit insurance system is implemented, if the depositor's deposit in a single bank is not higher than 500,000 yuan, in case the bank goes bankrupt, the depositor will receive the full compensation equal to the actual deposit amount; If it exceeds 500,000 yuan, it will be compensated for up to 500,000 yuan. If it exceeds part of it, it will not be paid, or it will be paid in a certain proportion like the United States and Taiwan.
In addition, whether the amount of the limit insurance payment includes the principal and interest, or only the principal, there is no clear information.
A state-owned bank financial management manager in Hangzhou said that to establish a deposit insurance system, depositors must make two changes. First, the concept changes, can no longer be superstitious that banks will not go bankrupt, have risk awareness, and treat banks as general enterprises. If you don't manage well, it will close. The second is the change in the way of saving. Large deposits should be stored separately, that is, the eggs should be placed in different baskets. In this case, if a bank is at risk, it will not be too big.
Only pay for deposits, no financial products; only lose personal, do not lose business
The so-called deposit insurance system means that deposit-type financial institutions such as banks pay certain insurance premiums to specific institutions according to a certain percentage of standards. When they are in crisis (such as redemption of risks, bankruptcy, etc.), deposit insurance institutions can provide financial assistance. A system of solvency. Under this system, once the bank goes bankrupt and other events, the funds deposited by the depositors in the bank will not be ruined.
The deposit insurance system is not new. In the financial crisis of 1929-1932, nearly 10,000 commercial banks in the United States were hit by bankruptcy and depositors suffered serious losses. In 1933, the United States passed the Banking Act, which established the Federal Deposit Insurance Corporation to provide protection for depositors of insured banks and savings institutions. Currently, it provides $100,000 in full insurance for most deposit accounts, and some retirement accounts reach $250,000, a pro rata payment that exceeds the limit.
In the 2008 financial crisis, dozens of commercial banks in the United States collapsed. If there is no deposit insurance company, it will definitely cause more panic. Currently, of the 24 member countries (regions) of the Financial Stability Board, only South Africa, Saudi Arabia and China have not been established.
In China, the state has always acted as the last guarantor of financial institutions, and implemented the implicit deposit insurance system, which is why the people have a natural trust in the bank. However, this does not mean that financial institutions do not have a business crisis. In 1998, affected by the Asian financial crisis, Hainan Development Bank was closed due to insufficient payment capacity. The deposits and legal interest of domestic residents in the bank’s savings deposits were finally raised by the people. The bank designated ICBC to guarantee payment. After that, it occurred in the bankruptcy case of Shangcun Rural Credit Cooperative in Suning County, Hebei Province. Finally, the central bank appointed other commercial banks to provide relief.
Under the deposit insurance system, financial institutions must pass on their own redemption risks to deposit insurance institutions and must pay a certain amount of insurance premiums.
It is worth noting that one of the global practices of the deposit insurance system is that it only pays liabilities for natural person deposits, and corporate deposits are not covered. Moreover, the object of deposit is the depositor's various types of deposits, but does not include wealth management products or other investment products purchased at banks.
According to China Voice "News Night", the vice chairman of the China Banking Regulatory Commission, Qi Qingmin, said at the "Peking University Economic Wealth Forum" that the China Banking Regulatory Commission is preparing to speed up the introduction of bankruptcy regulations, and a stone has stirred up waves.
In the past, it was almost unthinkable to talk about “bankruptcy†against domestic commercial banks. It was just after the global financial crisis in 2008 that bankruptcy seemed to be a difficult problem for European and American countries.
Recently, however, such a vocabulary has become a hot topic in the domestic financial community. The China Banking Regulatory Commission held the 2014 National Banking Supervision Work Conference on January 6th. It was stated that this year, the banking industry will be expanded to open up to the outside world, and the banks that set up their own risks will be initiated by pure private capital. The pilot will be the first and the first batch of pilots will be launched. Up to 5, mature one set up one.
In this regard, he invested heavily in investing in China's first private bank - Shi Yuzhu of the Minsheng Bank [microblogging] quickly tweeting Weibo: now there is no point in starting a private bank. The reasons are as follows: 1. The newly approved private banks are not all licensed banks, and their business scope is controlled to be narrow. This bank is not a bank; 2. The operating area is limited; 3. The new bank needs to experience a loss of 3-5 years, and the net assets will shrink sharply; 4. The core team of the new bank needs at least three years of integration. Fighting power; except Internet banking.
Does it mean that this is something that bankers are worried about. The key point that ordinary people should pay attention to is that banks should be "at their own risk."
If a bank goes bankrupt, will depositors’ deposits be lost? Banking marketization, who is the money for the people?
The maximum amount of compensation may be 500,000 yuan
Zhao Qingmin said, "In the future, let the market speak and let the capital speak. If the commercial bank is not in debt, it will withdraw."
What does that mean? The common understanding is that the state no longer allows depositors to deposit in commercial banks, allowing banks to go bankrupt. Once a bank goes bankrupt, depositors' deposits will be compensated by deposit insurance agencies, but there is a certain limit for compensation. According to the information disclosed at present, the maximum amount of deposits for depositors in a single bank may be 500,000 yuan. The deposit portion exceeding this limit will not be compensated.
According to the central bank's planned limit of 500,000 yuan, after the deposit insurance system is implemented, if the depositor's deposit in a single bank is not higher than 500,000 yuan, in case the bank goes bankrupt, the depositor will receive the full compensation equal to the actual deposit amount; If it exceeds 500,000 yuan, it will be compensated for up to 500,000 yuan. If it exceeds part of it, it will not be paid, or it will be paid in a certain proportion like the United States and Taiwan.
In addition, whether the amount of the limit insurance payment includes the principal and interest, or only the principal, there is no clear information.
A state-owned bank financial management manager in Hangzhou said that to establish a deposit insurance system, depositors must make two changes. First, the concept changes, can no longer be superstitious that banks will not go bankrupt, have risk awareness, and treat banks as general enterprises. If you don't manage well, it will close. The second is the change in the way of saving. Large deposits should be stored separately, that is, the eggs should be placed in different baskets. In this case, if a bank is at risk, it will not be too big.
Only pay for deposits, no financial products; only lose personal, do not lose business
The so-called deposit insurance system means that deposit-type financial institutions such as banks pay certain insurance premiums to specific institutions according to a certain percentage of standards. When they are in crisis (such as redemption of risks, bankruptcy, etc.), deposit insurance institutions can provide financial assistance. A system of solvency. Under this system, once the bank goes bankrupt and other events, the funds deposited by the depositors in the bank will not be ruined.
The deposit insurance system is not new. In the financial crisis of 1929-1932, nearly 10,000 commercial banks in the United States were hit by bankruptcy and depositors suffered serious losses. In 1933, the United States passed the Banking Act, which established the Federal Deposit Insurance Corporation to provide protection for depositors of insured banks and savings institutions. Currently, it provides $100,000 in full insurance for most deposit accounts, and some retirement accounts reach $250,000, a pro rata payment that exceeds the limit.
In the 2008 financial crisis, dozens of commercial banks in the United States collapsed. If there is no deposit insurance company, it will definitely cause more panic. Currently, of the 24 member countries (regions) of the Financial Stability Board, only South Africa, Saudi Arabia and China have not been established.
In China, the state has always acted as the last guarantor of financial institutions, and implemented the implicit deposit insurance system, which is why the people have a natural trust in the bank. However, this does not mean that financial institutions do not have a business crisis. In 1998, affected by the Asian financial crisis, Hainan Development Bank was closed due to insufficient payment capacity. The deposits and legal interest of domestic residents in the bank’s savings deposits were finally raised by the people. The bank designated ICBC to guarantee payment. After that, it occurred in the bankruptcy case of Shangcun Rural Credit Cooperative in Suning County, Hebei Province. Finally, the central bank appointed other commercial banks to provide relief.
Under the deposit insurance system, financial institutions must pass on their own redemption risks to deposit insurance institutions and must pay a certain amount of insurance premiums.
It is worth noting that one of the global practices of the deposit insurance system is that it only pays liabilities for natural person deposits, and corporate deposits are not covered. Moreover, the object of deposit is the depositor's various types of deposits, but does not include wealth management products or other investment products purchased at banks.
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