The "Plan" states that a "white list" of financial institutions will be established, approved and announced in batches, and financial institutions that meet the conditions for closed production will be given priority to resume operations.

Financial markets and financial infrastructure, financial institutions responsible for national business or related system operation and maintenance, financial institutions that have been closed and continue to operate, financial institutions that provide critical financial support to enterprises resuming work and production, epidemic prevention, and ensuring supply, etc. are prioritized

.

Financial institutions receive good news about resumption of work and production.

On May 18, a reporter from China Business News learned that relevant departments in Shanghai have studied and formulated the "Work Plan on Promoting the Sustained and Stable Operation of Financial Institutions in the City to Better Support Economic and Social Development" (hereinafter referred to as the "Plan") to support the resumption of work of financial institutions.

Produce.

The "Plan" states that a "white list" of financial institutions will be established, approved and announced in batches, and financial institutions that meet the conditions for closed production will be given priority to resume operations.

Among them, the first batch of "whitelists" has been formed, including 864 financial institutions, including financial infrastructure and many Chinese and foreign financial institutions.

In principle, the "whitelist" is published once a week.

This means that the pace of financial resumption of work and production will be accelerated.

The reporter noticed that as the trend of epidemic prevention and control improves, offline branches of banks in Shanghai are gradually resuming operations recently. Industrial and Commercial Bank of China (601398), Bank of China (601988), China Construction Bank (601939), Agricultural Bank of China (601288), Communications

Bank of China (601328), Postal Savings Bank of China, Shanghai Pudong Development Bank (600000), Bank of Shanghai (601229) and many other banks have begun operating their outlets, concentrated in Jinshan and Chongming districts.

The first batch of whitelist institutions reaches 864. As a gathering place for domestic and foreign financial institutions, Shanghai's financial services have never stopped during the epidemic prevention period.

Now, the release of the "Plan" will further help the smooth operation of the financial market.

The "Plan" clarifies that on the basis of complying with the relevant requirements for epidemic prevention and control, in accordance with the principles of "must be necessary, minimum; dynamic management, step-by-step; joint linkage, and risk controllable", the smooth and continuous operation of financial institutions will be promoted to ensure the construction of Shanghai as an international financial center

functions and provide basic financial services during the epidemic to better support economic and social development.

Specifically, the "Plan" determines the "white list" model, that is, establishing a "white list" of financial institutions, which will be approved and announced in batches, and financial institutions with closed production conditions will be given priority to resume operations.

Financial markets and financial infrastructure, financial institutions that are responsible for national business or related system operation and maintenance, financial institutions that have been closed and continue to operate, financial institutions that provide critical financial support to enterprises that are resuming work and production, epidemic prevention, and ensuring supply, etc. are prioritized

.

In principle, a "white list" is published once a week.

At present, the first batch of “white lists” of financial institutions have been released.

According to reports, this is determined based on industry supervision and service relationship classification research.

Central and foreign provincial and municipal financial institutions, private and foreign-funded financial institutions, and municipal financial institutions in Shanghai are proposed by the Shanghai Banking and Insurance Regulatory Bureau and the Shanghai Securities Regulatory Bureau respectively according to industry types; financial factor markets, financial infrastructure, local financial organizations and other financial institutions

The institution is proposed by the Municipal Local Financial Supervision Bureau.

The Municipal Local Financial Supervision Bureau will determine the decision after soliciting opinions from relevant districts and the Shanghai Headquarters of the People's Bank of China, the Municipal State-owned Assets Supervision and Administration Commission and other departments on a summary basis.

In terms of financial infrastructure, the first batch of "whitelists" of financial institutions include China Foreign Exchange Trading Center, Shanghai Stock Exchange, Shanghai Futures Exchange, China Financial Futures Exchange, Shanghai Insurance Exchange, and Shanghai Headquarters of China Government Bond Depository and Clearing Co., Ltd.

, China Securities Depository and Clearing Co., Ltd. Shanghai Branch, China Trust Registration Co., Ltd.; in terms of financial institutions, there are the Shanghai branches of six major state-owned banks, Standard Chartered Bank, United Overseas Bank, Shanghai Pudong Development Bank, Bank of Shanghai, and many banks

There are 864 capital operation centers, credit card centers, wealth management subsidiaries, fund companies, securities firms, futures companies, etc. in total.

China Business News reporters learned from a number of banks and trust companies that most financial institutions have received notices, and the companies are making work arrangements, such as arranging relevant personnel who can be stationed in the unit, and replacing personnel on early rotations.

As for the subsequent batches of "whitelists", according to the "Plan", each financial institution can submit an application to the district financial department, which will review it with the district epidemic prevention and control department, and report to the city's local financial regulatory bureau to solicit opinions from relevant departments before making a decision.

.

In addition, it should be mentioned that the branches, branches, sales departments and other business outlets of banking and insurance financial institutions, securities, funds and futures financial institutions, as well as rural banks, are not included in the management of the "white list" mechanism and are managed by the respective financial institutions.

Sub-branches, branches and business departments submit applications to the financial authorities in each district. The financial authorities in each district will work with the district epidemic prevention and control departments based on the epidemic prevention and control situation in the district, combined with the physical conditions of the location of the outlet, the implementation of epidemic prevention and control plans and measures, and

The financial service needs of enterprises and residents will be reviewed and approved in accordance with the principle of "one case, one discussion", and business outlets will be restored in a steady and orderly manner.

After the approval of each district, information such as personnel return to work shall be reported to the Municipal Local Financial Supervision Bureau for summary preparation and declaration.