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
未成年不可以免费观看动漫 - 苏语棠苏娅携手猜灯谜,点亮温馨夜晚的奇妙
随机图片

未成年不可以免费观看动漫 - 苏语棠苏娅携手猜灯谜,点亮温馨夜晚的奇妙

更新时间: 浏览次数: 183

400电话:123456(点击咨询)
未成年不可以免费观看动漫 - 苏语棠苏娅携手猜灯谜,点亮温馨夜晚的奇妙各观看免费《今日汇总》
未成年不可以免费观看动漫 - 苏语棠苏娅携手猜灯谜,点亮温馨夜晚的奇妙各热线观看免费2025已更新(2025已更新)








未成年不可以免费观看动漫 - 苏语棠苏娅携手猜灯谜,点亮温馨夜晚的奇妙观看免费电话:(1)123456(点击咨询)(2)123456(点击咨询)








未成年不可以免费观看动漫 - 苏语棠苏娅携手猜灯谜,点亮温馨夜晚的奇妙观看免费热线(1)123456(点击咨询)(2)123456(点击咨询)




未成年不可以免费观看动漫 - 苏语棠苏娅携手猜灯谜,点亮温馨夜晚的奇妙各区点热线观看免费《今日发布》
Random Image 未成年不可以免费观看动漫 - 苏语棠苏娅携手猜灯谜,点亮温馨夜晚的奇妙电话








7天观看免费人工电话为您、未成年不可以免费观看动漫 - 苏语棠苏娅携手猜灯谜,点亮温馨夜晚的奇妙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,








未成年不可以免费观看动漫 - 苏语棠苏娅携手猜灯谜,点亮温馨夜晚的奇妙各观看免费《今日汇总》2025已更新(今日/推荐)








未成年不可以免费观看动漫 - 苏语棠苏娅携手猜灯谜,点亮温馨夜晚的奇妙电话区域:








株洲市(醴陵市、天元区、炎陵县、石峰区、茶陵县、攸县、荷塘区、渌口区、芦淞区)








朔州市(朔城区、山阴县、右玉县、怀仁市、应县、平鲁区)








佛山市(禅城区、三水区、高明区、顺德区、南海区)








黄山市(屯溪区、歙县、祁门县、黄山区、黟县、休宁县、徽州区)  楚雄彝族自治州(元谋县、牟定县、禄丰市、姚安县、双柏县、南华县、大姚县、武定县、永仁县、楚雄市)








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








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








张家界市(永定区、武陵源区、桑植县、慈利县)九江市(永修县、柴桑区、庐山市、浔阳区、湖口县、瑞昌市、都昌县、德安县、彭泽县、共青城市、武宁县、修水县、濂溪区)








沧州市(盐山县、泊头市、献县、孟村回族自治县、东光县、任丘市、肃宁县、青县、吴桥县、海兴县、黄骅市、沧县、南皮县、河间市、新华区、运河区)  随州市(随县、曾都区、广水市)








遵义市(桐梓县、凤冈县、习水县、正安县、绥阳县、仁怀市、湄潭县、红花岗区、汇川区、播州区、赤水市、务川仡佬族苗族自治县、道真仡佬族苗族自治县、余庆县)








鹰潭市(贵溪市、月湖区、余江区)








韶关市(曲江区、武江区、仁化县、浈江区、新丰县、乳源瑶族自治县、乐昌市、始兴县、翁源县、南雄市)








三门峡市(灵宝市、湖滨区、卢氏县、陕州区、渑池县、义马市)








渭南市(华州区、华阴市、富平县、潼关县、澄城县、临渭区、合阳县、韩城市、蒲城县、大荔县、白水县)








伊春市(金林区、大箐山县、丰林县、伊美区、嘉荫县、乌翠区、汤旺县、南岔县、铁力市、友好区)








来宾市(兴宾区、合山市、金秀瑶族自治县、忻城县、象州县、武宣县)








济宁市(嘉祥县、曲阜市、任城区、泗水县、兖州区、鱼台县、微山县、邹城市、汶上县、金乡县、梁山县)








吴忠市(青铜峡市、利通区、盐池县、红寺堡区、同心县)








鹤壁市(山城区、淇滨区、浚县、鹤山区、淇县)








咸阳市(兴平市、杨陵区、秦都区、礼泉县、旬邑县、三原县、淳化县、乾县、长武县、武功县、永寿县、泾阳县、彬州市、渭城区)








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








延安市(甘泉县、延川县、富县、黄陵县、志丹县、洛川县、子长市、安塞区、延长县、宝塔区、吴起县、黄龙县、宜川县)








安康市(汉阴县、石泉县、宁陕县、白河县、紫阳县、旬阳市、平利县、岚皋县、镇坪县、汉滨区)








肇庆市(德庆县、高要区、怀集县、端州区、鼎湖区、广宁县、封开县、四会市)








惠州市(博罗县、惠城区、龙门县、惠阳区、惠东县)








无锡市(宜兴市、滨湖区、锡山区、江阴市、惠山区、新吴区、梁溪区)








辽阳市(白塔区、灯塔市、文圣区、宏伟区、辽阳县、弓长岭区、太子河区)








焦作市(解放区、沁阳市、博爱县、中站区、武陟县、山阳区、修武县、温县、孟州市、马村区)
400电话:123456(点击咨询)
未成年不可以免费观看动漫 - 苏语棠苏娅携手猜灯谜,点亮温馨夜晚的奇妙各观看免费《今日汇总》《今日发布》
未成年不可以免费观看动漫 - 苏语棠苏娅携手猜灯谜,点亮温馨夜晚的奇妙各观看免费《今日汇总》(2025已更新)








未成年不可以免费观看动漫 - 苏语棠苏娅携手猜灯谜,点亮温馨夜晚的奇妙观看免费电话:(1)123456(点击咨询)(2)123456(点击咨询)








未成年不可以免费观看动漫 - 苏语棠苏娅携手猜灯谜,点亮温馨夜晚的奇妙观看免费热线(1)123456(点击咨询)(2)123456(点击咨询)




未成年不可以免费观看动漫 - 苏语棠苏娅携手猜灯谜,点亮温馨夜晚的奇妙各观看免费《今日汇总》【2025已更新列表】
未成年不可以免费观看动漫 - 苏语棠苏娅携手猜灯谜,点亮温馨夜晚的奇妙电话








7天观看免费人工电话为您、未成年不可以免费观看动漫 - 苏语棠苏娅携手猜灯谜,点亮温馨夜晚的奇妙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,








未成年不可以免费观看动漫 - 苏语棠苏娅携手猜灯谜,点亮温馨夜晚的奇妙中心2025已更新(今日/推荐)








未成年不可以免费观看动漫 - 苏语棠苏娅携手猜灯谜,点亮温馨夜晚的奇妙电话区域:








钦州市(钦南区、钦北区、灵山县、浦北县)








巴音郭楞蒙古自治州(且末县、和静县、博湖县、若羌县、尉犁县、库尔勒市、和硕县、轮台县、焉耆回族自治县)








哈尔滨市(道里区、宾县、方正县、通河县、阿城区、双城区、依兰县、平房区、延寿县、尚志市、巴彦县、南岗区、呼兰区、木兰县、香坊区、松北区、道外区、五常市)








白城市(大安市、通榆县、镇赉县、洮南市、洮北区)  成都市(温江区、邛崃市、蒲江县、彭州市、金牛区、新津区、大邑县、崇州市、都江堰市、新都区、金堂县、青羊区、简阳市、锦江区、武侯区、双流区、青白江区、成华区、郫都区、龙泉驿区)








庆阳市(宁县、华池县、西峰区、环县、正宁县、合水县、庆城县、镇原县)








镇江市(丹阳市、扬中市、润州区、句容市、京口区、丹徒区)








蚌埠市(淮上区、蚌山区、怀远县、固镇县、五河县、龙子湖区、禹会区)宁波市(镇海区、象山县、慈溪市、鄞州区、北仑区、余姚市、宁海县、奉化区、海曙区、江北区)








马鞍山市(含山县、和县、花山区、雨山区、当涂县、博望区)  赤峰市(松山区、宁城县、阿鲁科尔沁旗、林西县、敖汉旗、克什克腾旗、巴林右旗、红山区、喀喇沁旗、元宝山区、翁牛特旗、巴林左旗)








郑州市(新密市、管城回族区、登封市、新郑市、中牟县、惠济区、中原区、荥阳市、上街区、二七区、金水区、巩义市)








兰州市(安宁区、西固区、皋兰县、城关区、七里河区、红古区、永登县、榆中县)








清远市(连州市、清新区、佛冈县、英德市、连山壮族瑶族自治县、清城区、连南瑶族自治县、阳山县)徐州市(新沂市、丰县、铜山区、沛县、贾汪区、鼓楼区、邳州市、睢宁县、泉山区、云龙区)








嘉兴市(海宁市、桐乡市、秀洲区、平湖市、嘉善县、海盐县、南湖区)








东营市(东营区、垦利区、河口区、利津县、广饶县)








福州市(罗源县、台江区、闽清县、晋安区、仓山区、连江县、长乐区、永泰县、马尾区、鼓楼区、平潭县、福清市、闽侯县)








阿拉善盟(阿拉善右旗、阿拉善左旗、额济纳旗)








通辽市(库伦旗、奈曼旗、开鲁县、科尔沁左翼中旗、科尔沁区、科尔沁左翼后旗、霍林郭勒市、扎鲁特旗)








乌兰察布市(集宁区、卓资县、察哈尔右翼前旗、商都县、凉城县、兴和县、察哈尔右翼中旗、化德县、四子王旗、察哈尔右翼后旗、丰镇市)








铜陵市(枞阳县、义安区、铜官区、郊区)








攀枝花市(西区、仁和区、米易县、盐边县、东区)








莆田市(秀屿区、荔城区、仙游县、涵江区、城厢区)








南充市(高坪区、西充县、仪陇县、顺庆区、嘉陵区、蓬安县、营山县、阆中市、南部县)








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








大理白族自治州(祥云县、洱源县、剑川县、弥渡县、鹤庆县、巍山彝族回族自治县、宾川县、永平县、云龙县、漾濞彝族自治县、南涧彝族自治县、大理市)








四平市(铁西区、双辽市、伊通满族自治县、铁东区、梨树县)








营口市(大石桥市、盖州市、站前区、鲅鱼圈区、西市区、老边区)








武威市(天祝藏族自治县、凉州区、民勤县、古浪县)








荆门市(沙洋县、京山市、掇刀区、东宝区、钟祥市)

  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 未成年不可以免费观看动漫 - 苏语棠苏娅携手猜灯谜,点亮温馨夜晚的奇妙的相关文章
00后女辅警40米深井救出幼童
孙杨和张豆豆牵手逛星光夜市
梁文锋入选《时代》最具影响力100人
如何看待澳门世乒赛林诗栋晋级八强
巴西寻求成中国牛肉需求替代供应国
北影节雨中红毯看点满满
  • 友情链接:
  • 新鹏城安排4辆大巴接送球迷 北京将迎今年以来最强大风 檀健次电影震耳欲聋抽烟海报

    查看更多评价 ∨