What qualifications do financial institutions need to apply for?

(1) bank card business

1. Bank card issuance

2. Credit card issuance

3. Credit card receipt

4. Debit cards of foreign banks

(2) Third-party depository, depository, custody and account business.

5. Public offering fund custody

6. Custody of private equity funds and asset management products

7. Overseas custody of social security funds

8. Domestic custody of social security funds

9.QDII and RQDII domestic custody

10.QDII overseas custody

1 1.QFII, RQFII custody

Partial ellipsis

16. futures settlement and margin management (including the previous issue, the big trading house, the CICC, the Zheng trading house and the international energy institute)

17. Depository of customer transaction settlement funds

18. Reserve account paid by the third party

19.P2P third-party depository (due to the temporary lack of laws and regulations, three modes are roughly listed)

20. Depository Bank for Overseas Investment Funds

2 1. Corporate bond trustee

(3) Types of investments and transactions

22. Bank derivatives transactions (including CBRC and SAFE, as well as peers and valet)

23. Foreign bank bond investment

24.QFII

25.RQFII

26. Financial member of Shanghai Gold Exchange

27. International member of Shanghai Gold Exchange

28. Bond market makers

29. Inter-bank foreign currency pair market makers

30. Market makers of spot, forward and swap of RMB against foreign currency

3 1. Comprehensive foreign exchange market maker

32. Primary foreign exchange dealers

Partially omitted (see report for details)

(4) Settlement and settlement agency business

39. Bond settlement agent bank

40. Fund sales payment settlement bank

4 1. Stock option fund settlement bank

42 Shanghai International Gold Exchange Center designated settlement bank

43. Qualification for direct participation in CIPS system

(5) Financial management on behalf of customers, agency sales and foreign exchange business.

44. Sales of bank wealth management products

45. Banks handle overseas financial management on behalf of customers.

46. Commercial banks sell insurance on a commission basis

47. Commercial bank consignment funds

48. Commercial banks' collective asset management plan on a commission basis

49. Valet interest rate swap

(6) Foreign exchange

50. Bank settlement and sale of foreign exchange business

5 1. Offshore Development Bank

52. Business qualifications of domestic foreign exchange capital master account and international foreign exchange capital master account.

(6) Qualification for bond issuance and underwriting business.

53. Issuance and listing of financial bonds

54. Financial bond underwriting

55 underwriting of debt financing instruments of non-financial enterprises

56. Members of the national debt underwriting syndicate

(7) Entering a legal person institution

57 city commercial banks institutional access and shareholder qualification requirements

58. Institutional access of foreign-funded corporate banks

59. Access to private banking institutions

60. Institutional Access of Rural Commercial Banks

6 1. Institutional Access of Village Banks

(8) Others

62. Qualifications for initiating securitization of credit assets

63. Qualifications for opening certificates of deposit

64. Qualification for initiating interbank certificates of deposit

65. Renminbi business of foreign banks

Two. Legal person access of non-bank financial institutions supervised by CBRC

66. Entering a trust company as a legal person

67. Access to corporate institutions of financial leasing companies

68. Enter the corporate body of a consumer finance company

69. Access to corporate institutions of enterprise group finance companies

70. Access to corporate institutions of auto financing companies

7 1. Enter the legal institution of a money brokerage company

Third, securities companies.

(1) investment banking business

72. Qualification of lead underwriter of corporate bonds

73. Lead underwriter of debt financing instruments of non-financial enterprises

74. Qualification of brokers as promoters of the New Third Board

75. Qualification of sponsor institution

76. Corporate bond underwriting business

77. Qualification for issuing short-term financing bonds of securities companies

78 securities companies stock options market-making business qualifications

(2) Credit transaction business

79. Margin trading business

80. Qualification of agreed repurchase business

8 1. OTC equity pledged repo transaction qualification

82. Qualification of pledged repo business of the exchange

(3) Brokerage business

83. Introduction of business by securities companies

84. Brokerage business of securities companies

85. Stock option brokerage business of securities companies

(4) Securities investment consulting business

86. Securities and futures investment consulting business

87. Qualifications of overseas investment consultants

88. Qualification of financial consultant of securities companies

(5) Asset management business

89 securities company customer asset management business qualification

90. Collective asset management business of securities companies

9 1. Directed asset management business of securities companies

92. Asset securitization business of securities companies

93. Public Offering of Fund, asset management agency, manages business.

94 securities companies and asset management institutions qualified investors.

(6) Securities proprietary business

95. Qualification of self-operated business of securities companies

96 stock index futures and treasury bonds futures trading qualifications

(7) Consignment funds and wealth management products.

97. Securities companies sell funds on a commission basis

98. Public offering of fund managers

99. Brokerage public offering fund custody

100. Securities companies and fund companies QDII

10 1. Insurance fund investment manager (broker, fund)

(8) Innovative business

102. Obtaining innovative business cases of securities companies

(9) Institutional access

103. institutional access of securities companies

104. Access of subsidiaries of securities companies

105. Entering branches of securities companies

106. Access of foreign securities companies

(10) Others

107. Participants in the institutional quotation and transfer system of securities associations

108. Class B clearing participant of CSI.

Four. Funds, futures and others

(1) Fund companies (including fund subsidiaries)

109. Qualification of specific asset management business of fund companies

1 10. Fund management business of private fund management institutions

1 1 1. Qualification of securities companies to participate in fund companies

1 12. institutional access of fund companies

1 13. institutional access of fund subsidiaries

1 14. legal person access for commercial banks to set up fund management companies

(2) Futures companies (including futures subsidiaries)

1 15. futures company's consignment fund

1 16. Market maker of stock options of futures subsidiaries

1 17. Financial futures brokerage business of futures companies

1 18. Commodity futures brokerage business of futures companies

1 19. Overseas futures brokerage business of futures companies

120. Futures investment consulting business

12 1. Futures asset management business

122. institutional access of futures companies

(3) Others (securities investment consulting institutions, fund sales)

123. Access of securities investment consulting institutions

124. Securities investment consulting agency consignment fund

125. Access to fund sales payment and settlement institutions

126. The fund sells third-party platform auxiliary services.

V insurance, intermediary services and internet finance

(1) insurance

127. institutional access and business access of insurance companies

128. legal person access of insurance asset management companies

129. Fund management business of insurance asset management companies

130. institutional access of foreign-funded insurance companies

13 1. Insurance companies and other institutions

132. Funds entrusted by insurance companies

(2) Access to intermediaries and Internet financial services

Partially omitted (see report for details)

139. Local asset management institutions

140. Enter the bank card clearing institution.

14 1. Non-financial payment institutions

142. Micro-credit companies (comparison among Beijing, Shanghai, Chongqing and Shenzhen)

143. Financing guarantee companies (comparison among Beijing, Shanghai, Chongqing and Shenzhen)

Case: 28. Bond Market Maker I. Legal Basis and Access Conditions

1. Item 2 14 of the State Council Municipal Government's decision to set up administrative license for administrative examination and approval items that really need to be kept (the State Council Decree No.412): Approval of bilateral quotation providers in the inter-bank bond market.

Measures for the implementation of the administrative license of the People's Bank of China (Order No.3 [2004] of the People's Bank of China)

3. Provisions on the Administration of Market Makers in the National Inter-bank Bond Market (Announcement of the People's Bank of China [2007] No.65438 +0, 2007-0 1-09)

Article 3 To apply for becoming a market maker, a legally established financial institution in People's Republic of China (PRC) shall meet the following conditions:

(a) the registered capital or net capital is not less than 654.380+200 million yuan;

(two) the market performance is active, and the trading volume of spot bonds in the previous year ranks among the top 80 when submitting the application;

(three) before submitting the application, he has tried to do market-making business in the inter-bank market and has the necessary experience and ability;

(4) Having a sound internal management system, operating rules, internal risk control mechanism and incentive assessment mechanism.

(5) Having strong research and analysis capabilities in the bond market.

(six) the relevant business departments have more than five qualified bond practitioners, with reasonable posts and clear responsibilities;

(seven) there are no illegal and major violations in the two years before submitting the application;

Second, the specific handling details

The Guide to Approval Service for Market Makers in the Inter-bank Bond Market determines the specific access process for bond market makers as follows:

(4) Accepting institutions

The Financial Markets Department of the People's Bank of China, or more precisely, the Bond Department of the Financial Markets Department, conducts all relevant consultation through the Bond Department.

(5) decision-making bodies

People's Bank of China

(7) Requirements for the applicant

It is exactly the same as the seven conditions listed in the Regulations on the Management of Market Makers in the National Inter-bank Bond Market.

(8) Application materials

1. A financial institution applying to become a market maker shall submit the following materials to the People's Bank of China:

(1) application;

(2) Business license (copy);

(3) Financial license (copy);

(four) the internal management system and operation process of the market-making business;

(5) Introduction of relevant business departments (including personnel composition, post setting and division of responsibilities, etc.). );

(6) Reports on the activities in the inter-bank market in the two years before submitting the application (including a summary of market-making business attempts);

(7) Balance sheets, profit distribution statements and cash flow statements audited by certified public accountants two years before submitting the application (photocopies);

(eight) a written statement that there are no violations of laws and major violations within two years before submitting the application;

(9) Other materials required by the People's Bank of China.

(9) Acceptance application

(1) Window reception: duty room of the General Office of the People's Bank of China, Address: No.32 Fangcheng Street, Xicheng District, Beijing.

(2) Online reception: temporarily unavailable.

(3) Receiving: duty room of the General Office of China People's Bank, address: omitted here, see the report for details.

(4) Telephone number: it is omitted here. See the report for details.

(5) Fax: 0 10-660 16675.

(6) Email :zqjyc@pbc.gov.cn

(17) Consultation channels

1. Window consultation: bond trading room of financial market department of China People's Bank.

Address: Floor 5, Block B, Tongtai Building, No.33 Financial Street, Xicheng District, Beijing

Three. Rights and obligations of bond market makers

This is mainly regulated by dealers' associations, not administrative regulations or normative documents.

The Working Guidelines for Market Makers in the Inter-bank Bond Market (Announcement No.2 of China Association of Interbank Market Dealers [20 10]) specifies the evaluation system of bond market makers in detail, which mainly includes:

Article 10 The evaluation index system of market makers includes the following aspects:

(1) Compliance: it mainly evaluates whether market makers meet the relevant requirements of the Regulations.

(II) Quotation spread: It mainly evaluates the bilateral quotation spread (expressed in bp) of bonds with various maturities to be repaid by market makers during the evaluation period.

(3) Quotation amount: it mainly evaluates the total quotation amount of market makers during the evaluation period.

(4) Volume: mainly evaluate the number of market-making transactions and the total turnover of market makers during the evaluation period.

(5) Cooperation and reporting: mainly evaluate the timeliness and quality of cooperation between market makers and competent departments and submission of quarterly reports.

(VI) Bonus points: Bonus points are mainly given to market makers who have performed well in some aspects, including the optimal number of quotations, the number of bonds that are quoted continuously, and the market-making of key-term government bonds.

(VII) Sub-item deduction: Deduction is mainly given to market makers who perform poorly in compliance indicators and violate relevant self-discipline rules.

Fourth, the relationship between bond market makers and other qualifications

Bond market-making banks can automatically obtain other qualifications: to carry out interest rate swap business with customers and open wealth management accounts for customers in the inter-bank bond market;

Additional points include: underwriters of inter-bank debt financing instruments;

Verb (abbreviation of verb) List of market makers in the current bond market

As of August 20 15, there were 25 market makers in the inter-bank bond market, and 47 bonds tried to make market makers:

serial number

institution name

Industrial and Commercial Bank of China

Agricultural Bank of China

three

Bank of China

four

China construction bank

five