natgillin/translations-raw huggingface dataset:
In particular, the GOC referred to Article 15 of the Green Credit Guidelines, which state that ‘banking institutions shall strengthen due diligence in credit granting’.
Kineska vlada osobito se pozvala na članak 15. Smjernica o zelenim kreditima u kojem se navodi da „bankarske institucije moraju pojačati dužnu pažnju prilikom dodjele kredita”.
The findings of this investigation did not support the claim that Article 15 of the Green Credit Guidelines precluded financial institutions from following government industrial policy and plans when granting loans.
Nalazi ovog ispitnog postupka nisu poduprli tvrdnju da se člankom 15. Smjernica o zelenim kreditima financijske institucije sprečavaju da prate vladine industrijske politike i planova pri odobravanju zajmova.
The Bank law is legally binding.
Zakon o bankama je pravno obvezujući.
The mandatory nature of the Five Year Plans has been established above at recital (55).
Obvezna priroda petogodišnjih planova prethodno je utvrđena u uvodnoj izjavi (55).
The mandatory nature of Decision No. 40 has been established above at recital (55).
Obvezna priroda Odluke br. 40 prethodno je utvrđena u uvodnoj izjavi (55). Obvezna priroda drugih regulatornih dokumenata vidljiva je iz njihovih klauzula o nadzoru i evaluaciji.
The mandatory nature of the other regulatory documents is demonstrated by the supervision and evaluation clauses which they contain.
U obavijesti „Nekoliko mišljenja o rješavanju problema viška kapaciteta” navodi se da CBRC, Povjerenstvo za nacionalni razvoj i reforme te Ministarstvo industrije i informacijske tehnologije organiziraju pravovremene inspekcije i nadzor nad provedbom toga.
The notice ‘Several Opinions on Resolving Overcapacity’ states that ‘The CBRC, the National Development and Reform Commission and the Ministry of Industry and Information Technology shall organize inspection and supervision of the implementation hereof in due course.’ Article 28 of the Green Credit Guidelines states that ‘Regulatory authorities in the banking industry shall … evaluate the effect of green credit extended by financial institutions in the banking industry in a comprehensive manner based on the status of off-site regulation and on-site inspection. The evaluation results shall be used as the important bases for the regulatory ratings, institution access, business access and performance appraisals of the senior management staff of financial institutions in the banking industry in accordance with the relevant laws and regulations’.
U članku 28.
The Guidelines of the People's Bank of China, CBRC, CSRC, and CIRC on supporting the steel and coal industries to resolve overcapacity and achieve turnaround in development state that financial institutions should strengthen communication with local government departments.
Smjernica o zelenim kreditima navodi se da regulatorna tijela za bankarsku industriju … provode evaluaciju učinaka zelenih kredita koje su odobrile financijske institucije u bankarskoj industriji na sveobuhvatan način na temelju regulacije izvan postrojenja i inspekcija na terenu. Rezultati evaluacije upotrebljavaju se kao važni temelji za regulatorno rangiranje, institucionalni pristup, poslovni pristup i vrednovanje uspješnosti višeg rukovodstva u financijskim institucijama u bankarskoj industriji u skladu s relevantnim zakonima i propisima. U Smjernicama Narodne banke Kine, CBRC-a, CSRC-a i CIRC-a o potpori industrijama čelika i ugljena za rješavanje problema viška kapaciteta i ostvarenje zaokreta u razvoju navodi se da bi financijske institucije trebale poboljšati komunikaciju s lokalnim državnim službama.
On that basis, the Commission concludes that the GOC has created a normative framework that had to be adhered to by the managers and supervisors appointed by the GOC and accountable to the GOC.
Na temelju toga Komisija zaključuje da je kineska vlada izradila normativni okvir kojeg su se morali pridržavati upravitelji i nadzornici koje je imenovala kineska vlada i koji su joj odgovorni.
Therefore, the GOC relied on the normative framework in order to exercise control in a meaningful way over the conduct of the five cooperating state-owned banks whenever those were providing loans to the steel industry.
Stoga se kineska vlada oslanjala na normativni okvir kako bi provodila znatnu kontrolu nad ponašanjem pet banaka u državnom vlasništvu koje surađuju kada su one davale zajmove industriji čelika.
The Commission also sought concrete proof of the exercise of control in a meaningful way on the basis of concrete loans.
Komisija je tražila i konkretne dokaze o provođenju znatne kontrole na temelju konkretnih zajmova.
During the verification, the five cooperating state-owned banks pointed to Articles 4 and 5 of the Bank law, according to which they are required to make an independent assessment of a loan request.
Tijekom provjere je pet banaka u državnom vlasništvu koje surađuju uputilo na članke 4. i 5. Zakona o bankama, prema kojima su obvezne napraviti neovisnu procjenu zahtjeva za zajam.
They maintained that in practice they had used sophisticated credit risk assessment policies and models when granting the loans at issue.
Tvrdile su da su se u praksi služile sofisticiranim politikama i modelima procjene kreditnog rizika pri dodjeli predmetnih zajmova.
However, no concrete examples were provided.
Međutim nisu pružile nikakve konkretne primjere.
The five cooperating state-owned banks refused to provide information, including their specific credit risk assessments, related to the sampled companies for regulatory and contractual reasons.
Pet banaka u državnom vlasništvu koje surađuju odbilo je dati informacije, uključujući o svojim specifičnim procjenama kreditnog rizika, povezane s društvima u uzorku zbog regulatornih i ugovornih razloga.
With regard to the latter, they pointed out that without the consent of the borrower, they would breach contract by providing the information.
U pogledu potonjih, istaknule su da bi bez pristanka primatelja zajma prekršile ugovor davanjem informacija.
All four groups of sampled exporting producers refused to sign a letter of consent allowing for an examination of their financial data at the bank's premises.
Sve četiri grupacije proizvođača izvoznika u uzorku odbile su potpisati pismo suglasnosti koje omogućuje provjeru njihovih financijskih podataka u prostorima banke.
In the absence of concrete evidence of creditworthiness assessments, the Commission therefore examined the overall legal environment as set out above in recitals (100) to (120), in combination with the behaviour of the five cooperating state-owned banks with regard to the loans provided to the sampled companies.
Zbog nepostojanja konkretnih dokaza o procjenama kreditne sposobnosti Komisija je ispitala opće pravno okruženje, kako je ono prethodno opisano u uvodnim izjavama (100). do (120)., zajedno s ponašanjem pet banaka u državnom vlasništvu koje surađuju u pogledu zajmova danih društvima u uzorku.
This behaviour contrasted with their official stance, as they were not acting like financial institutions would normally do based on a thorough market-based risk assessment.
To se ponašanje razlikovalo od njihova službenog stava jer se nisu ponašale kao što bi to bilo uobičajeno za financijske institucije na osnovi temeljite tržišne procjene rizika.
The verification visits revealed that with the sole exception of certain loans in foreign currency and one single loan to one sampled exporting producer, loans were provided to the four groups of sampled exporting producers at interest rates close to the People's Bank of China (‘PBOC’) benchmark interest rates [18], regardless of the companies' financial and credit risk situation.
Posjetima radi provjere otkriveno je da su uz iznimku određenih zajmova u stranoj valuti i jednog zajma jednom proizvođaču izvozniku iz uzorka, zajmovi davani četirima grupacijama proizvođača izvoznika u uzorku po kamatnim stopama sličnima referentnim kamatnim stopama Narodne banke Kine („PBOC”) [18] neovisno o financijskom stanju i kreditnom riziku društava.
Hence, the loans were provided below market rates when compared to the rate corresponding to the risk profile of the four sampled exporting producers.
Stoga su zajmovi dani sa stopama nižima od tržišnih stopa u usporedbi sa stopom koja odgovara profilu rizičnosti četiriju proizvođača izvoznika u uzorku.
In addition, all of the sampled companies had received revolving loans, which allow them to immediately replace the capital repaid on loans at the maturity date by fresh capital from new loans.
Dodatno, sva društva u uzorku dobila su revolving zajmove kojima im se omogućava da odmah zamijene kapital iz zajmova koji su otplatila na datum njihova dospijeća svježim kapitalom iz novih zajmova.
In the cases of the Shougang Group and the Benxi Group, payment schedules were restructured or debt was forgiven because of financial difficulties, and the Commission found one specific example of an intervention by the GOC which led to a debt restructuring against the financial institutions' better financial judgment [19].
U slučaju društava Shougang Group i Benxi Group rasporedi plaćanja su bili restrukturirani ili dug oprošten zbog financijskih poteškoća, a Komisija je pronašla jedan poseban primjer intervencije kineske vlade koji je doveo do restrukturiranja duga unatoč drugačijem financijskom mišljenju financijskih institucija [19].
The Commission also found that loans which should have been reported by the banks as not normal loans had not been indicated as such in the national central credit register by the five cooperating state-owned banks.
Komisija je utvrdila i da zajmovi koje su banke trebale prijaviti kao neuobičajene zajmove nisu bili navedeni kao takvi u nacionalnom središnjem kreditnom registru od strane pet banaka u državnom vlasništvu koje surađuju.
The obligation to report exists in particular when loans had been restructured, when the debtor defaulted on its payments, or when revolving loans had been issued.
Obveza prijave postoji osobito kada je došlo do restrukturiranja zajmova, kada dužnik ne ispuni svoje obveze plaćanja ili kada su odobreni revolving zajmovi.
Such occurrences were found for all four groups of sampled exporting producers.
Takvi su primjeri pronađeni za sve četiri grupacije proizvođača izvoznika u uzorku.
According to the CBRC's ‘Guidelines on risk-based loan classification’, all of these instances should have been included in the central credit register.
U skladu sa Smjernicama o razvrstavanju zajmova na temelju rizika CBRC-a svi su ti slučajevi trebali biti obuhvaćeni središnjim kreditnim registrom.
This lack of reporting by the financial institutions leads to a distorted picture of the company's credit situation in the central credit register, as the register does not show the real creditworthiness of the company.
Ovim nedostatkom izvješćivanja od strane financijskih institucija stvara se iskrivljena slika o kreditnom stanju društva u središnjem kreditnom registru jer u njemu nije vidljiva stvarna kreditna sposobnost društva.
As a result, even if a financial institution were to apply a market-based risk assessment, it would have done so based on inaccurate information.
Kao rezultat toga, čak i kad bi financijska institucija primijenila tržišnu procjenu rizika, morala bi to učiniti na temelju netočnih informacija.
Following disclosure, the GOC submitted that the lack of reporting of some loans in the central credit register demonstrated that the legislative framework for lending practices was not binding.
Nakon objave kineska vlada tvrdila je da neprijavljivanje nekih zajmova u središnjem kreditnom registru pokazuje kako zakonodavni okvir za prakse davanja zajmova nije obvezujući.
However, a partial non-compliance with the obligation to report certain loans by some actors does not mean that the Guidelines as such had no legal force.
No djelomično nepridržavanje obveze prijavljivanja određenih zajmova od strane nekih subjekata ne znači da Smjernice kao takve nisu imale pravnu snagu.
Furthermore, the GOC noted that the annual reports of various Chinese banks contained extensive chapters on risk management and credit analysis, and clearly showed that loans to the steel industry had recently been restricted rather than promoted.
Nadalje, kineska vlada uočila je da su godišnja izvješća raznih kineskih banaka sadržavala opsežna poglavlja o upravljanju rizikom i kreditnoj analizi, što je jasan pokazatelj da su zajmovi industriji čelika nedavno ograničeni, a ne poticani.
The Commission considered that the information provided on credit risk assessment in the annual reports did not contain any new elements put forward by the GOC.
Komisija je smatrala da informacije o procjeni kreditnog rizika dane u godišnjim izvješćima nisu sadržavale nove elemente koje je iznijela kineska vlada.
In any event, those were abstract, and did not allow the assessment of individual cases, nor do they constitute proof that such assessment actually takes place.
U svakom slučaju, one su bile apstraktne te se na temelju njih nisu mogli ocijeniti pojedinačni slučajevi niti su dokaz da se ta procjena doista provodi.
In addition, the examples provided by the GOC for EXIM and CCB merely related to a decrease in the percentage of loans provided to the steel industry.
Osim toga, primjeri koje je kineska vlada dala za EXIM i CCB odnose se samo na smanjenje postotka zajmova danih industriji čelika.
These statements did not provide any information about the conditions at which these loans were granted.
Te izjave ne sadržavaju nikakve informacije o uvjetima pod kojima su ti krediti odobreni.
In any event, in the absence of any information on the overall lending to the steel industry by all state-owned banks and private banks that are entrusted and directed, the fact that two of them have reduced their exposure is not meaningful.
U svakom slučaju, u nedostatku bilo kakvih informacija o ukupnom davanju zajmova industriji čelika od strane svih banaka u državnom vlasništvu i privatnih banaka koje su ovlaštene i kojima se upravlja, činjenica da su dvije od njih smanjile svoju izloženost nije značajna.
As for the annual report of China Merchants Bank, the statement of the GOC only referred to the fact that the bank adjusted its credit policies without any further details.
U pogledu godišnjeg izvješća banke China Merchants Bank, izjava kineske vlade odnosi se samo na činjenicu da je banka prilagodila svoje kreditne politike bez dodatnih detalja.
Even if the China Merchants Bank ‘raised its entry standards’, the quoted reference also stated that the bank ‘supported its quality customers’.
Čak i ako je banka China Merchants Bank „povisila svoje ulazne standarde”, u citiranom upućivanju navodi se i da je banka „pružala potporu svojim kvalitetnim klijentima”.
Therefore, the Commission did not see any reason to change its findings and concluded that the GOC has exercised meaningful control over the conduct of the five cooperating state-owned banks with respect to their lending policies and assessment of risk, where they provided loans to the steel industry.
Stoga Komisija nije imala razloga za promjenu svojih nalaza i zaključila je da je kineska vlada provodila znatnu kontrolu nad ponašanjem pet banaka u državnom vlasništvu koje surađuju u pogledu njihovih politika davanja zajmova i procjene rizika kada su dale zajmove industriji čelika.
Conclusion on cooperating financial institutions
Zaključak o financijskim institucijama koje surađuju
The Commission found that the legal framework set out above is being implemented by the five co-operating State-owned financial institutions in the exercise of governmental functions with respect to the steel sector, thereby acting as public bodies in the sense of Article 2(b) of the basic Regulation read in conjunction with Article 3(1)(a)(i) of the basic Regulation and in accordance with the relevant WTO case-law.
Komisija je utvrdila da pet financijskih institucija u državnom vlasništvu koje surađuju provodi prethodno navedeni pravni okvir pri izvođenju javnih funkcija u odnosu na sektor čelika, čime djeluju kao javna tijela u smislu članka 2. točke (b) Osnovne uredbe koji se tumači zajedno s člankom 3. stavkom 1. točkom (a) podtočkom i. Osnovne uredbe te u skladu s relevantnom sudskom praksom WTO-a.
After disclosure, the GOC claimed that the Commission did not meet the evidentiary standards for determining that the state-owned banks were public bodies, as it allegedly relied exclusively on formal indicia of control such as the GOC's ownership or the power to appoint or nominate management officials to draw its conclusions.
Nakon objave kineska vlada tvrdila je da Komisija nije ispunila dokazne standarde za određivanje da su banke u državnom vlasništvu javna tijela jer se u donošenju zaključaka navodno oslonila isključivo na formalne pokazatelje kontrole kao što su vlasništvo kineske vlade ili ovlast određivanja ili imenovanja upravnih službenika.
The Commission rejected this claim as unfounded, since it had also examined the exercise of this control in a meaningful manner in great detail in recitals (100) to (128) above.
Komisija je odbacila tu tvrdnju kao neosnovanu jer je vrlo detaljno ispitala i provođenje te kontrole u znatnoj mjeri u uvodnim izjavama (100) do (128).
Non-cooperating state-owned banks
Banke u državnom vlasništvu koje ne surađuju
As set out in section 3.2 above, the GOC did not request any of the other state-owned banks which provided loans to the sampled companies to return the specific questionnaire.
Kako je prethodno navedeno u odjeljku 3.2., kineska vlada nije zatražila od ostalih banaka u državnom vlasništvu koje su dale zajmove društvima u uzorku da odgovore na posebni upitnik.
Therefore, in line with the conclusions reached in recitals (61) to (75) above, the Commission decided to use best facts available to determine whether those state-owned banks qualify as public bodies.
Stoga je Komisija, u skladu sa zaključcima donesenima u uvodnim izjavama (61). do (75)., odlučila upotrijebiti najbolje raspoložive podatke kako bi utvrdila mogu li se te banke u državnom vlasništvu smatrati javnim tijelima.
Using publicly available information, such as the bank's website, annual reports, information available in bank directories or on the Internet, the Commission established that the following 30 banks that had provided loans to the four sampled groups of exporting producers were partially or fully owned by the State itself or by State-held legal persons: China Development Bank, Bank of Communications, China Everbright Bank, Postal Savings Bank, China Merchants Bank, Shanghai Pudong Development Bank, China Industrial Bank, Shenyang Rural Commercial Bank, Benxi City Commercial Bank, Benxi Commercial Bank, Kailuan Group Financial Co., Liaoning Hengyi Financing Lease Co., Ltd., Bank of Chengde, Bank of Hebei, Bank of Shanghai, Ningbo Bank, China CITIC Bank, China Guangfa Bank, China Bohai Bank, Huaxia Bank, China Resources Bank, China Zheshang Bank, China Credit Trust, Huarong International Trust Co. Ltd., Northern International Trust Co., Ltd., Zhangjiakou Bank, Hebei Iron and Steel Group Financial Co., Ltd, Shougang Group Finance, Finance Bureau of Benxi City, Zunhua Rural Credit Union.
Upotrebom javno dostupnih informacija, kao što su web-mjesta banaka, godišnja izvješća, informacije dostupne u imenicima banaka ili na internetu, Komisija je ustanovila da se sljedećih 30 banaka koje su davale zajmove četirima grupacijama proizvođača izvoznika u uzorku nalazilo u djelomičnom ili potpunom vlasništvu same države ili pravnih osoba u državnom vlasništvu. Kineska razvojna banka, Komunikacijska banka, China Everbright Bank, Postal Savings Bank, China Merchants Bank, Shanghai Pudong Development Bank, Kineska industrijska banka, Shenyang Rural Commercial Bank, Benxi City Commercial Bank, Benxi Commercial Bank, Kailuan Group Financial Co., Liaoning Hengyi Financing Lease Co., Ltd., Bank of Chengde, Bank of Hebei, Šangajska banka, Ningbo Bank, China CITIC Bank, China Guangfa Bank, China Bohai Bank, Huaxia Bank, China Resources Bank, China Zheshang Bank, China Credit Trust, Huarong International Trust Co. Ltd., Northern International Trust Co., Ltd., Zhangjiakou Bank, Hebei Iron and Steel Group Financial Co., Ltd, Shougang Group Finance, Ured za financije grada Benxija, Ruralna kreditna zadruga Zunhua.
Information on the ownership structure of those banks can be found in the table below.
Informacije o vlasničkoj strukturi tih banaka nalaze se u tablici u nastavku.
Information on ownership structure
Informacije o vlasničkoj strukturi
China Development Bank
Kineska razvojna banka
100 % State-owned policy bank
banka za provedbu državne politike u 100 %-tnom državnom vlasništvu
Bank of Communications
Komunikacijska banka
The Ministry of Finance and Central Huijin Investments hold 26,53 % of the bank's shares.
Ministarstvo financija i Central Huijin Investments drže 26,53 % dionica banke.
The Ministry of Finance and Central Huijin Investments hold 41,24 % of the bank's shares.
Ministarstvo financija i Central Huijin Investments drže 41,24 % dionica banke.
Initially set up in 2007 by the State Post Bureau, a Department which is currently annexed to the Ministry of Transport.
Prvotno ju je 2007. osnovao Državni poštanski ured, odjel koji je trenutačno pripojen Ministarstvu prometa.
Currently 64 % of shares are held by the China Post Corp., which is wholly-owned by the State.
Trenutačno 64 % dionica drži China Post Corp., koji je u potpunom državnom vlasništvu.
This bank is part of the China Merchants Group, a state-owned enterprise (SOE).
Ta je banka član grupacije China Merchants Group, poduzeća u državnom vlasništvu.
China Mobile Communication Group Guangdong Limited (SOE): 20 %
China Mobile Communication Group Guangdong Limited (poduzeće u državnom vlasništvu): 20 %
Shanghai International Group Co., Ltd (state-owned financial holding group): 16,93 %
Shanghai International Group Co., Ltd (grupacija financijskog holdinga u državnom vlasništvu): 16,93 %
Shanghai Sitico Assets Management Co., Ltd. (part of the Shanghai International Group): 5,23 %
Shanghai Sitico Assets Management Co., Ltd. (dio društva Shanghai International Group): 5,23 %
China Industrial Bank
Kineska industrijska banka
Finance Bureau of Fujian 17,86 % (State authority)
Ured za financije pokrajine Fujian 17,86 % (državno tijelo)
State-owned legal persons:
Pravne osobe u državnom vlasništvu:
Domestic non state-owned legal person:
Domaće pravne osobe koje nisu u državnom vlasništvu:
Shareholding (as of end of 2014)
Vlasnička struktura (od kraja 2014.)
Shareholding as of End of 2015:
Vlasnička struktura od kraja 2015.:
Local public finance: (1 shareholder) 12,08 %
lokalne javne financije: (jedan dioničar) 12,08 %
State-Owned Enterprises (8 shareholders) 59,35 %
poduzeća u državnom vlasništvu (8 dioničara) 59,35 %
Private enterprises (6 shareholders) 23,17 %
privatna poduzeća (6 dioničara) 23,17 %
Private individuals (789 shareholders) 5,42 %
privatni pojedinci (789 dioničara) 5,42 %
Main shareholders:
Glavni dioničari:
Benxi City finance Office (local public finance) 12,08 %
Ured za financije grada Benxija (lokalne javne financije) 12,08 %
Shenjing Bank (SOE) 11,88 %
Shenjing Bank (poduzeće u državnom vlasništvu) 11,88 %
Bengang Group (SOE): 9,99 %
Bengang Group (poduzeće u državnom vlasništvu): 9,99 %
Liaoning Rongda Investment Enterprise (SOE): 9,99 %
Liaoning Rongda Investment Enterprise (poduzeće u državnom vlasništvu): 9,99 %
Dalian Port Group (SOE): 9,99 %
Dalian Port Group (poduzeće u državnom vlasništvu): 9,99 %
Liaoning Liaoan Engineering and Machinery Group (private enterprise): 9,99 %
Liaoning Liaoan Engineering and Machinery Group (privatno poduzeće): 9,99 %
Idem
isto
The Hebei Province State Asset Commission controls 100 % of the Kailuan Group, which in turn controls Kailuan Group Financial Co.
Povjerenstvo pokrajine Hebei za državnu imovinu kontrolira 100 % društva Kailuan Group, koje kontrolira Kailuan Group Financial Co.
Owned by the Benxi Group (SOE)
U vlasništvu društva Benxi Group (poduzeće u državnom vlasništvu)
Shareholding, as of end of 2015:
Vlasnička struktura od kraja 2015.:
Chengde City Financial Office: 7,359 %
Ured za financije grada Chengdea: 7,359 %
Shareholding, as of end of 2013:
Vlasnička struktura od kraja 2013.: