Recently  the CBRC held the 90th chairman conference, at which relevant departments reported on the progress of implementing of “three measures and one guidance”, including “Tentative Measures for the Administration of Loans for Fixed Assets” (officially issued), “Guidance for the Project Financing Business” (officially issued), “Tentative Measures for the Management of Liquidity Loans” and “Tentative Measures for the Management of Personal Loans.” At the meeting, implementation details were discussed and arranged.

According to the conference, “three measures and one guideline”, propelled by CBRC, is a renovation and progress to promote the development of the banking sector. It will strengthen management of the economic realm and enhance the ability of risk management within the sector. The feedback of the officially issued “Tentative Measures for the Administration of Loans for Fixed Assets” and “Guidance for the Project Financing Business” from financial institutions and from academic home and abroad were very positive and their implementation were successful. The complicated international and domestic economic and financial conditions in recent years make it harder for banking regulation and prudent operation of commercial banks. The regulatory authorities at all levels should practice the scientific outlook on development, enhance understanding, strengthen learning and training, promote communication and explanation, increase the strength of on-site inspections, guide financial institutions of the banking sector to improve the level of credit management during its operation and apply the newly implemented measures to loan issuance to optimize risk management.

The following implementation details were discussed and arranged at the meeting: Firstly, attention should be paid to the progress of documentation while borrowers and beneficiaries closely monitor the process and quality. Secondly, during 2010’s on-site inspections, all regulatory authorities should give priority to examining the implementation of “Tentative Measures for the Administration of Loans for Fixed Assets” and “Guidance for the Project Financing Business”. To give impetus to the implementation of the new measures and guideline, borrowers who violate regulations, break up the whole into parts and evade credit payment should be investigated and penalized. Thirdly, off-site regulatory report forms should be promptly revised and improved so as to comprehensively reflect the conditions of “newly granted credits.” Fourthly, during the implementation of “three measures and one guideline”, special guidance should be given to large, medium and small-sized banks respectively so that they would take a particular route of development and therefore avoid the same developing strategy and mode. Finally, publication of “three measures and one guideline” should be strengthened and training should be promoted in order to make the policies more effective.