The CBIRC has comprehensively revised the Guidelines on Risk Management of Off balance Sheet Business of Commercial Banks (YJF [2011] No. 31, hereinafter referred to as the Guidelines), forming the Measures for Risk Management of Off balance Sheet Business of Commercial Banks (hereinafter referred to as the Measures).

In March 2011, the former CBIRC issued the Guidelines to regulate off balance sheet business of commercial banks. In recent years, with the rapid development of off balance sheet businesses, the Guidelines have lagged behind the regulatory and management needs of off balance sheet businesses and need to be updated and improved. In order to standardize the development of off balance sheet businesses and prevent and defuse financial risks, the financial management department has drawn on international experience, combined with the actual situation of China's banking industry, and has successively formulated a series of regulatory regulations for various specific off balance sheet businesses, covering traditional off balance sheet businesses, wealth management, agency sales and other businesses. The Measures, based on the systematic review of the existing systems and rules, are the overarching and comprehensive specifications for further strengthening the comprehensive risk management of off balance sheet businesses. The Measures expand the scope of definition of off balance sheet business, add new types of off balance sheet business, build a comprehensive and unified off balance sheet business management and risk control system, straighten out the risk nature, legal relationship and corresponding management requirements of various off balance sheet businesses, and help guide commercial banks to standardize the development of off balance sheet businesses and effectively prevent and resolve financial risks.

The Measures consists of six chapters and 47 articles, including general provisions, governance structure, risk management, information disclosure, supervision and management, and supplementary provisions. It emphasizes that commercial banks should establish and improve the risk management system of off balance sheet businesses in accordance with the principles of full coverage of management, classified management, and risk oriented, strengthen the risk management of off balance sheet businesses, standardize the development of off balance sheet businesses, and strengthen external supervision.

Appendix: Measures for Risk Management of Off-balance-Sheet Business of Commercial Banks