Articles of Association of Finance Companies of China

China National Association of Finance Companies (abbreviated as CNAFC) is a self-regulatory organization of financial companies of Chinese enterprise groups. It is a national, professional non-profit social organization voluntarily formed by the finance company of a Chinese enterprise group, and has the status of a social group legal person. The national business supervisory unit of the China Finance Association is the China Banking Regulatory Commission, and the registration and management authority of the association is the Ministry of Civil Affairs.

The China Association of Finance Companies is subject to the operational guidance of the China Banking Regulatory Commission and the supervision and management of the Ministry of Civil Affairs. The legal domicile is Beijing. The predecessor of the China Association of Finance Companies was the National Federation of Finance Companies, which was established in April 1988.

1. Organize the financial company to implement the national financial policies, laws and regulations, and promote the healthy development of the financial company.

Exchange meeting of China Association of Finance Companies.

2. Accept the entrustment of the competent authority, implement the self-discipline management of the financial company, and formulate the business operation rules of the financial company.

In accordance with the scope of authorization of the competent authority, formulate measures for the implementation of interbank interest rates.

In accordance with the relevant regulations of the state, formulate the standard of various business handling fee rates of the same industry.

In accordance with the relevant provisions of the competent authority, formulate measures for the management of deposits, loans, investments, settlements, guarantees, finance, accounting and other businesses of the same bank.

Formulate business rules between peers.

Formulate rules for inter-bank financing.

The provisions prohibit peers from engaging in a particular type of business or using a particular type of financial instrument.

Formulate arbitration measures for business disputes between peers.

Formulate other peer management matters entrusted by the competent authority.

3. Make suggestions or opinions to the competent authorities and other departments on the policies and regulations of the financial company and the issues involving the common interests of the financial company.

4. Investigate and study the business operation of the financial company, entrust the relevant institutions to conduct credit rating on the members, and report to the competent authority on a regular basis.

5. Promote the contact, exchange and cooperation between financial companies, coordinate the relationship between financial companies in business activities, and organize and coordinate the financing business between financial companies.

6. Collect economic and financial information at home and abroad, and provide consulting services.

7. Organize the financial company to carry out academic research, experience exchange, professional training and business inspection and other activities, promote the business development of the financial company, and promote the improvement of the management level of the financial company.

8. Carry out the publicity of the financial company and enhance the society's understanding of the financial company.

9. Publish magazines or newsletters to achieve the purpose of the China Finance Association.

10. Carry out exchanges and cooperation with other relevant international and regional associations and organizations, and participate in relevant international organizations.

11. Other businesses that are conducive to the realization of the purpose of the China Finance Association.

Chairman Li Xiaoyong is the chairman of China Power Finance.

Chairman of the Board of Supervisors: Yang Shengjun, General Manager of AVIC First Group Finance Co., Ltd.

Vice President: Li Zhanguo, General Manager of Haier Group Finance Co., Ltd.

Vice President: Yao Wenzhong, General Manager of Wuhan Iron and Steel Group Finance Co., Ltd.

Vice President: Xie Weizhi, General Manager of CNOOC Finance Co., Ltd.

Vice President Lan Yunsheng General Manager of CNPC Finance Co., Ltd.

Secretary-General Luo Xinquan.

The purpose of the activities of the Association is: to abide by the Constitution, laws, regulations and national policies, and to abide by social ethics; Entrusted by the competent authority, the financial company is organized to implement the state's financial policies, laws and regulations, carry out inter-industry self-discipline management of the financial company, give full play to the role of a bridge between the financial company and the competent authority, safeguard the legitimate interests of the financial company, promote the healthy development of the financial company, and serve China's economic construction.