Liu Sheng, director of the Non-Bank Institutions Supervision Department of the General Administration of Financial Supervision, wrote “Achieving High-Quality Development of Non-Bank Institutions by Using Their Special Functions”, stating that after efforts in recent years, the General Administration of Financial Supervision has basically completed the upgrading of the management systems of five types of non-bank institutions, and has taken substantial steps in adhering to the leniency and moderation of regulations and keeping pace with the times to improve the effectiveness of supervision. It will accelerate the revision of the Financial Asset Management Company Regulations, formulate and introduce measures to supervise the non-performing asset business of asset management companies, etc.; and promote the steady implementation of the newly revised “Administrative Measures on Consumer Finance Management Companies” and “Administrative Measures on Financial Leasing Companies”.

Liu Sheng, director of the Non-Bank Institutions Supervision Department of the General Administration of Financial Supervision, wrote “Achieving High-Quality Development of Non-Bank Institutions by Using Their Special Functions”, stating that after efforts in recent years, the General Administration of Financial Supervision has basically completed the upgrading of the management systems of five types of non-bank institutions, and has taken substantial steps in adhering to the leniency and moderation of regulations and keeping pace with the times to improve the effectiveness of supervision. It will accelerate the revision of the Financial Asset Management Company Regulations, formulate and introduce measures to supervise the non-performing asset business of asset management companies, etc.; and promote the steady implementation of the newly revised “Administrative Measures on Consumer Finance Management Companies” and “Administrative Measures on Financial Leasing Companies”.