Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82
日本一本二本和三本的视频:娱乐圈的潜规则再度引发热议,真相曝光
随机图片

日本一本二本和三本的视频:娱乐圈的潜规则再度引发热议,真相曝光

更新时间: 浏览次数: 536

400电话:123456(点击咨询)
日本一本二本和三本的视频:娱乐圈的潜规则再度引发热议,真相曝光各观看免费《今日汇总》
日本一本二本和三本的视频:娱乐圈的潜规则再度引发热议,真相曝光各热线观看免费2025已更新(2025已更新)








日本一本二本和三本的视频:娱乐圈的潜规则再度引发热议,真相曝光观看免费电话:(1)123456(点击咨询)(2)123456(点击咨询)








日本一本二本和三本的视频:娱乐圈的潜规则再度引发热议,真相曝光观看免费热线(1)123456(点击咨询)(2)123456(点击咨询)




日本一本二本和三本的视频:娱乐圈的潜规则再度引发热议,真相曝光各区点热线观看免费《今日发布》
Random Image 日本一本二本和三本的视频:娱乐圈的潜规则再度引发热议,真相曝光电话








7天观看免费人工电话为您、日本一本二本和三本的视频:娱乐圈的潜规则再度引发热议,真相曝光团队在调度中心的统筹调配下,线下专业及各地区人员团队等专属,整个报修流程规范有序,后期同步跟踪查询公开透明。








所有团队均经过专业培训、持证上岗,所用产品配件均为原厂直供,








日本一本二本和三本的视频:娱乐圈的潜规则再度引发热议,真相曝光各观看免费《今日汇总》2025已更新(今日/推荐)








日本一本二本和三本的视频:娱乐圈的潜规则再度引发热议,真相曝光电话区域:








东莞市








遂宁市(蓬溪县、安居区、大英县、射洪市、船山区)








济南市(章丘区、历下区、莱芜区、历城区、槐荫区、钢城区、市中区、天桥区、商河县、长清区、济阳区、平阴县)








苏州市(张家港市、昆山市、虎丘区、常熟市、相城区、太仓市、吴江区、吴中区、姑苏区)  哈密市(伊吾县、巴里坤哈萨克自治县、伊州区)








六盘水市(六枝特区、钟山区、水城区、盘州市)








昭通市(鲁甸县、永善县、盐津县、威信县、巧家县、镇雄县、昭阳区、水富市、彝良县、大关县、绥江县)








无锡市(梁溪区、滨湖区、江阴市、新吴区、惠山区、锡山区、宜兴市)红河哈尼族彝族自治州(石屏县、弥勒市、泸西县、绿春县、蒙自市、红河县、开远市、建水县、元阳县、河口瑶族自治县、金平苗族瑶族傣族自治县、屏边苗族自治县、个旧市)








中卫市(沙坡头区、中宁县、海原县)  桂林市(象山区、荔浦市、阳朔县、临桂区、恭城瑶族自治县、全州县、秀峰区、叠彩区、兴安县、平乐县、七星区、灌阳县、龙胜各族自治县、资源县、雁山区、灵川县、永福县)








昌吉回族自治州(呼图壁县、木垒哈萨克自治县、昌吉市、阜康市、玛纳斯县、吉木萨尔县、奇台县)








新乡市(牧野区、卫辉市、长垣市、凤泉区、红旗区、辉县市、延津县、新乡县、卫滨区、获嘉县、封丘县、原阳县)








阳江市(阳西县、江城区、阳东区、阳春市)








临夏回族自治州(东乡族自治县、临夏县、康乐县、和政县、永靖县、积石山保安族东乡族撒拉族自治县、临夏市、广河县)








恩施土家族苗族自治州(鹤峰县、来凤县、利川市、建始县、恩施市、咸丰县、巴东县、宣恩县)








商洛市(柞水县、丹凤县、商南县、洛南县、商州区、镇安县、山阳县)








金昌市(永昌县、金川区)








阿勒泰地区(哈巴河县、吉木乃县、富蕴县、青河县、布尔津县、阿勒泰市、福海县)








漯河市(临颍县、舞阳县、郾城区、召陵区、源汇区)








驻马店市(正阳县、汝南县、泌阳县、遂平县、平舆县、驿城区、西平县、新蔡县、上蔡县、确山县)








中山市








梅州市(梅县区、大埔县、平远县、蕉岭县、梅江区、五华县、兴宁市、丰顺县)








晋中市(左权县、祁县、平遥县、和顺县、榆社县、灵石县、昔阳县、寿阳县、介休市、太谷区、榆次区)








仙桃市(神农架林区、天门市、潜江市)








锡林郭勒盟(正蓝旗、锡林浩特市、阿巴嘎旗、多伦县、东乌珠穆沁旗、镶黄旗、二连浩特市、太仆寺旗、苏尼特左旗、西乌珠穆沁旗、苏尼特右旗、正镶白旗)








曲靖市(罗平县、陆良县、麒麟区、师宗县、沾益区、会泽县、马龙区、宣威市、富源县)








迪庆藏族自治州(香格里拉市、德钦县、维西傈僳族自治县)








徐州市(丰县、泉山区、云龙区、贾汪区、新沂市、邳州市、鼓楼区、睢宁县、沛县、铜山区)








七台河市(桃山区、新兴区、茄子河区、勃利县)
400电话:123456(点击咨询)
日本一本二本和三本的视频:娱乐圈的潜规则再度引发热议,真相曝光各观看免费《今日汇总》《今日发布》
日本一本二本和三本的视频:娱乐圈的潜规则再度引发热议,真相曝光各观看免费《今日汇总》(2025已更新)








日本一本二本和三本的视频:娱乐圈的潜规则再度引发热议,真相曝光观看免费电话:(1)123456(点击咨询)(2)123456(点击咨询)








日本一本二本和三本的视频:娱乐圈的潜规则再度引发热议,真相曝光观看免费热线(1)123456(点击咨询)(2)123456(点击咨询)




日本一本二本和三本的视频:娱乐圈的潜规则再度引发热议,真相曝光各观看免费《今日汇总》【2025已更新列表】
日本一本二本和三本的视频:娱乐圈的潜规则再度引发热议,真相曝光电话








7天观看免费人工电话为您、日本一本二本和三本的视频:娱乐圈的潜规则再度引发热议,真相曝光团队在调度中心的统筹调配下,线下专业及各地区人员团队等专属,整个报修流程规范有序,后期同步跟踪查询公开透明。








所有团队均经过专业培训、持证上岗,所用产品配件均为原厂直供,








日本一本二本和三本的视频:娱乐圈的潜规则再度引发热议,真相曝光中心2025已更新(今日/推荐)








日本一本二本和三本的视频:娱乐圈的潜规则再度引发热议,真相曝光电话区域:








成都市(新津区、蒲江县、双流区、郫都区、青羊区、锦江区、成华区、青白江区、温江区、邛崃市、金牛区、龙泉驿区、金堂县、武侯区、崇州市、彭州市、新都区、都江堰市、简阳市、大邑县)








黔南布依族苗族自治州(三都水族自治县、平塘县、福泉市、瓮安县、龙里县、惠水县、荔波县、独山县、罗甸县、贵定县、都匀市、长顺县)








重庆市(北碚区、垫江县、南岸区、巴南区、黔江区、武隆区、渝中区、江北区、綦江区、荣昌区、大足区、彭水苗族土家族自治县、石柱土家族自治县、长寿区、潼南区、璧山区、江津区、云阳县、酉阳土家族苗族自治县、秀山土家族苗族自治县、永川区、开州区、涪陵区、巫山县、渝北区、大渡口区、铜梁区、九龙坡区、忠县、万州区、城口县、梁平区、沙坪坝区、丰都县、合川区、奉节县、巫溪县、南川区)








湘潭市(雨湖区、韶山市、岳塘区、湘乡市、湘潭县)  林芝市(墨脱县、波密县、米林市、察隅县、工布江达县、巴宜区、朗县)








大连市(长海县、瓦房店市、旅顺口区、金州区、庄河市、沙河口区、中山区、甘井子区、西岗区、普兰店区)








阿克苏地区(乌什县、阿克苏市、拜城县、沙雅县、新和县、库车市、温宿县、柯坪县、阿瓦提县)








威海市(环翠区、荣成市、乳山市、文登区)本溪市(明山区、桓仁满族自治县、溪湖区、南芬区、本溪满族自治县、平山区)








西藏自治区  邢台市(威县、新河县、内丘县、平乡县、临西县、襄都区、沙河市、宁晋县、巨鹿县、柏乡县、信都区、广宗县、清河县、隆尧县、南和区、临城县、南宫市、任泽区)








常德市(桃源县、临澧县、鼎城区、安乡县、澧县、汉寿县、石门县、津市市、武陵区)








龙岩市(永定区、新罗区、连城县、武平县、长汀县、上杭县、漳平市)








郑州市(登封市、管城回族区、中原区、新郑市、上街区、金水区、二七区、巩义市、中牟县、惠济区、荥阳市、新密市)临沧市(双江拉祜族佤族布朗族傣族自治县、耿马傣族佤族自治县、云县、临翔区、永德县、凤庆县、沧源佤族自治县、镇康县)








崇左市(大新县、江州区、扶绥县、龙州县、天等县、凭祥市、宁明县)








云浮市(郁南县、云城区、新兴县、罗定市、云安区)








广安市(武胜县、华蓥市、邻水县、前锋区、广安区、岳池县)








攀枝花市(米易县、盐边县、仁和区、东区、西区)








延边朝鲜族自治州(珲春市、延吉市、汪清县、安图县、图们市、龙井市、和龙市、敦化市)








晋城市(沁水县、陵川县、阳城县、泽州县、高平市、城区)








六安市(金寨县、霍山县、裕安区、霍邱县、舒城县、金安区、叶集区)








内蒙古自治区








娄底市(双峰县、新化县、冷水江市、娄星区、涟源市)








邯郸市(丛台区、磁县、临漳县、广平县、大名县、峰峰矿区、邱县、魏县、馆陶县、永年区、肥乡区、鸡泽县、复兴区、武安市、涉县、邯山区、曲周县、成安县)








钦州市(浦北县、钦北区、钦南区、灵山县)








克拉玛依市(乌尔禾区、克拉玛依区、独山子区、白碱滩区)








盘锦市(双台子区、大洼区、盘山县、兴隆台区)








吐鲁番市(高昌区、托克逊县、鄯善县)








益阳市(沅江市、安化县、南县、赫山区、桃江县、资阳区)








日喀则市(聂拉木县、定结县、康马县、拉孜县、定日县、昂仁县、吉隆县、仁布县、萨嘎县、岗巴县、仲巴县、桑珠孜区、南木林县、江孜县、萨迦县、亚东县、谢通门县、白朗县)

  本报记者 周尚伃

  为深入贯彻中央金融工作会议精神,落实新“国九条”及“1+N”系列政策文件要求,着力打造现代金融机构,培育国际一流投资银行,助力行业高质量发展,4月18日,中国证券业协会(以下简称“中证协”)根据相关法律法规及监管规定,制定发布《证券公司并表管理指引(试行)》(以下简称《指引》),旨在提升证券公司全面风险管理能力,加强对子公司及业务条线的“垂直化”管理。

  对于《指引》的发布,中信建投证券相关负责人向《证券日报》记者表示:“这是证券行业应对复杂金融环境、促进高质量发展的重要举措,也是推动行业从‘单一机构风控’向‘公司并表管理’迈进的制度性依据,对提升行业服务实体经济效能、防范系统性风险具有重要意义。”

  全面提升风险管理水平

  《指引》中提及的并表管理,是指券商对并表管理体系的公司治理、资本和财务等进行全面持续的管控,有效识别、计量、监测、评估和控制并表管理体系的总体风险状况。

  往前回溯,2020年,中国证监会批准6家券商实施并表监管试点,为试点转常规探索和积累了行之有效的做法和经验。近年来,券商专业类子公司数量增加、业务领域不断扩展、市场服务功能更为丰富、国际化发展稳妥推进,加强并表管理的必要性日益突出,需要出台统一全面的专项指引。在中国证监会指导下,中证协组织风险管理专业委员会,总结前期试点经验,广泛征求行业及监管部门意见,研究制定了《指引》。

  华泰证券相关负责人向《证券日报》记者表示:“此前仅有6家试点券商实施并表监管,其他公司缺乏统一规范。《指引》的出台使全行业统一标准,推动各家券商风险管理能力向高标准看齐,促进行业整体风险管理水平提升。”

  “前期监管试点实践证明,并表管理有助于健全券商治理体系,完善全面风险管理机制,提升子公司风险管理水平,为券商综合化经营提供坚实的风险管理保障。”中信证券相关负责人向记者补充说。

  总体上看,券商并表管理的核心目的在于加强券商整体风险管理能力,维护券商稳健运行,防范金融风险跨区域、跨市场、跨境传染。

  在上述中信证券相关负责人看来,近年来,券商综合化布局积极,境内外子公司设立数量快速增长,逐步出现综合化经营发展态势。伴随着经营业务领域的不断扩展,风险的复杂程度也随之提升。将风险管控边界从母公司层面扩展至母子公司视角,既是券商全面、及时、有效评估和管控风险的必然需要,也是促进证券行业稳健经营和高质量发展的必备保障。

  “监管框架不再局限于单一法人视角,而将穿透式并表管理作为对券商有效监管的重要手段。通过将资本约束和风险敞口计量延伸至合并报表层面,不仅能够动态捕捉表内外、母子公司间的交叉性风险,还能够为构建宏观审慎的行业防火墙打下坚实基础。”中金公司相关负责人表示。

  推动协同增效

  总体而言,《指引》结合我国国情和券商实际情况,形成体系化的并表架构指南,共八章、四十一条。

  从内容来看,主要包括以下几个重要方面:一是明确并表管理范围,要求券商以实管实控为基础、兼顾业务复杂性和风险相关性,合理审慎确定并表主体范围,全面覆盖表内外、境内外、本外币业务,切实防范金融风险跨区域、跨市场、跨境传染。二是明确并表管理各要素的管理要求,从完善公司治理架构、加强业务协同与内部交易管理、建立全面风险管理体系、强化资本管理等方面提出具体要求,指导券商建立健全并表管理架构和工作机制,加强对子公司及业务条线的垂直管理,持续提升全面风险管理水平。三是配套制定行业并表管理风控指标计算标准,要求券商构建覆盖整体风险和资本充足情况的指标体系,逐步实现系统计算与动态监测,确保及时掌握资本使用及业务风险状况。四是设置差异化过渡期,为稳妥推进行业落实并表管理要求,《指引》针对不同类型券商设置了最长不超过三年的过渡期安排。

  在上述华泰证券相关负责人看来,《指引》主要内容及导向包括四个层面,一是强化公司治理,通过明确权责划分与协作机制,推动券商治理结构的优化升级。二是强调资本管理的集约化与前瞻性,优化风险控制指标计算标准,提升资源配置效率。三是推动业务协同并规范内部交易,引导券商从规模扩张转向协同增效,提升综合竞争能力。四是从“试点探索”到“全面规范”,促进行业整体风险管理水平提升。

  从试点券商的实践角度来看,以中金公司为例,公司相关负责人表示:“试点以来,中金公司随着国际化战略的推进,业务领域不断扩展,强化公司治理、资本管理、风险管理、财务管理的重要性及必要性日益突出。”

  同样作为试点券商之一的中信建投证券,其公司相关负责人表示,在中国证监会的指导下,公司积极参与并表管理试点实践,将并表试点作为重要抓手,探索并表管理体系下风险管理与业务协同的管理新思路,持续推进完善全面风险管理体系。通过实施并表试点,公司在风险全覆盖、境内外子公司管理、风险预警和基础设施等方面得到显著提升,并表管理体系下的全面风险管理能力显著增强。

  总体来看,《指引》是对中证协《证券公司全面风险管理规范(修订稿)》和各类风险管理规范的有效统筹和强化,为行业机构践行并表管理提供了规范和指南,有助于券商夯实合规内控基础,统筹加强一体化、垂直化管理,促进功能发挥。长远视角来看,正如上述中金公司相关负责人认为,未来行业将从规模扩张向资本效率驱动转型,推动实现风险隔离机制与业务协同效应的动态平衡,为金融体系的整体稳健运行提供结构性保障。

新闻结尾 日本一本二本和三本的视频:娱乐圈的潜规则再度引发热议,真相曝光的相关文章
金饰价格涨至1007元
天津主帅于根伟回应外界质疑
淋巴瘤是最擅长伪装的肿瘤
女生以为挖到超大竹笋结果被嘲笑
中方回应美对华加征245%关税
本田或将混动Civic车型生产由日转美
  • 友情链接:
  • 余承东:安全就是最大的豪华 神二十船箭组合体转运至发射区 陕西省启动干旱防御Ⅳ级应急响应

    查看更多评价 ∨