We will promote the deepening of reform and accelerate the transformation and development. Deepening the reform is the endogenous impetus and fundamental guarantee of financial development and stability. The key is to promote the reform and development of the financial industry in the correct direction. For city commercial banks, the goal of deepening reform is to speed up their own reform and transformation and development, and carry out the transformation from extension to quality and efficiency priority by implementing the new development concept. The core and fundamental of the reform and transformation of the city commercial banks is to improve the corporate governance mechanism adapted to the new development concept. The financial institutions should establish a perfect corporate corporate governance structure and a strict risk control system, and make the first pass of the risk accountability. Perfect and effective corporate governance is the most critical and fundamental core competitiveness of the bank. It is also the cornerstone of the stable and sustainable development of the bank. Commercial banks play a very important economic function and social responsibility, improve the corporate governance effectively, but also related to the interests of depositors, is related to the national financial security and stability.

 

For the construction of the corporate governance of the city commercial banks, Wang Zhaoxing pointed out that the problem of imperfect management of the city business company is relatively outstanding. From the risk events and cases, there are serious defects in the corporate governance of the individual city commercial firms. Especially the increase of uncertainty of environment, the past has been overshadowed by the rapid growth of the problem will come to light. This is not only the root of some financial chaos and financial risk, but also a short board and soft rib that restricts the further transformation and upgrading of some city commercial banks. It is also an important factor that affects the healthy development of the city commercial banks. "So, we must make great determination and great effort to improve it."

 

He also points out that corporate governance is not optimal, only better, and there is no standard model. It is clear that the corporate governance of banks effectively, it is not a simple pursuit of profit maximization and the interests of the shareholders, and the stakeholders should be actively involved in the "common governance", both to prevent internal control, but also to prevent the dominance of external, improper intervention. To follow the independent governance bodies, effective checks and balances, mutual cooperation and coordinated principle, promote the improvement of optimizing the ownership structure, corporate governance structure, strengthen the banking information disclosure and external supervision, the establishment of efficient decision-making and control mechanism and scientific incentive and restraint mechanism. City commercial banks must firmly establish "Four Consciousnesses", adhere to the unified leadership of the party, integrate the party's leadership and improve corporate governance, and deepen the reform of corporate governance.

 

First, corporate governance must adhere to the core and core position of the party and give full play to the role of the Party committee in "direction, strategy, reform, development and risk control". Under the unified leadership of the Party committee, a reasonable definition of the responsibility boundary of different governance bodies can not be absent or offside. To consciously safeguard the Party Central centralism unified leadership with Comrade Xi Jinping as the core, to implement the Party Central Committee hundred-percent enacted a series of economic and financial fundamental policy.

 

Second, we should strengthen the performance of "two meetings and one layer". The board of directors, supervisors and management of city commercial banks should assume the primary responsibility of controlling risks, fully grasp the risks brought by changes in banking business mode and business structure, and constantly improve the overall risk management strategies and strategies, so as to improve the coverage and effectiveness of internal audit. Continuously optimize the structure of the board of directors and the members of the board of supervisors. The bank is an enterprise, which can not be run as a bureaucracy. It should not only reflect the simplification, but also reflect the efficiency and the power and responsibility. Independent directors cannot be the mouthpiece of big shareholders and top management. They should adhere to independence and professionalism, improve their ability to perform their duties, and protect the rights and interests of small and medium-sized shareholders and financial consumers. To further improve and perfect the performance evaluation system of the board of directors, the timely elimination does not have the ability to perform their duties, not as chaotic as the directors and supervisors. We have to blame the institutions, but also to the directors, supervisors and executives, which is also the trend of the current international financial regulatory reform.

 

Third, we should strengthen the management of equity. Recently, the CBRC drafted the Interim Measures for the management of shares in commercial banks (Draft for comments), which is being consulted. The equity management is the foundation of the corporate governance of the city commercial bank, and the ownership structure has a profound influence on the bank's governance structure and the effectiveness of the governance. In recent years, the urban commercial banks have been optimized through the reform of the stock system, the financing of the listed companies and so on. However, we should also clearly see that some city commercial banks have deficiencies in the ownership structure in the past due to the need to defuse risks, and the owners are offside and absent. Therefore, strengthening the management of equity is an important link in the management and control of the source of risk. The city firm should strive for the support of local government, to further optimize the equity structure, through the reduction, capital investment, expanding opening up, the introduction of strategic investors to pay attention to the bank long-term healthy development, financial strength, management experience, synergies, also welcomed the compliance of financial investment. In the management of equity, it is necessary to implement the principle of penetration, improve the transparency of equity, and standardize the phenomenon of recessive shareholders and equity holders. We should strictly manage shareholder behavior, standardize stock pledge and share transfer, and effectively implement related business management rules and management procedures, so as to prevent shareholders' interests from being transported.