In order to promote the sound operation and development of the Company, Infinite Finance set up a Risk Management Committee and adopted a risk management policy proposed by the Board of Directors in 2022 to serve as the highest guiding principle for implementation, shape the organizational culture that attaches importance to risk management, control risk within a tolerable range, and achieve balance between risk and returns, so as to enhance the value of the Company and its shareholders and ensure the sound operation and sustainable development of the Company.
Risk management organization
| Board of Directors |
As the highest supervisory unit for risk management decisions of the Company, it is responsible for approving the risk management policy and organizational structure, continuously monitoring the effective operation of the risk management mechanism to ensure its appropriateness and grasp the risk status of the Company. |
| Risk Management Committee |
- Review the integrity and appropriateness of risk management policies, procedures and processes.
- Review the risk management report, monitor changes in various key risk indicators, and report to the Board of Directors in case of significant events.
- Review the compliance with regulations of the competent authorities and the Board of Directors on various risk management related systems, requirements of risk management mechanisms (including emerging businesses, products) or other issues related to risk management.
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| Risk Management Department |
- Plan risk management policies, formulate regulations and review or develop risk factor management procedures, monitor whether the management procedures can be fully implemented.
- Provide suggestions for improvement of risk management procedures and policy reviews and improvement in response to internal and external changes.
- Regularly review changes in the Company’s asset quality and submit risk management reports to the Risk Management Committee and the Board of Directors.
- Develop risk tolerance, various limits, monitor/manage risk asset changes, and carry out disclosure and reporting.
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Operation of the Risk Management Committee in 2023
| Meeting date |
Content of the proposal |
| January 17, 2023 |
- Asset quality management report
- Suggestions on the annual industry quota and asset portfolio planning
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| April 17, 2023 |
- Asset quality management report
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| July 17, 2023 |
- Asset quality management report
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