natgillin/translations-raw huggingface dataset:
The Commission thus considered that its reference to the General Rules on Loans remains valid.
Zakona o bankama, koji se primjenjuje na sve financijske institucije koje posluju u Kini, utvrđuje se da „poslovne banke odobravaju zajmove u skladu s potrebama nacionalnoga gospodarskog i socijalnog razvoja te industrijskim politikama države”.
The industrial policy of the State is established through central planning, as explained in section 3.1 above.
Iako se u članku 4.
With regards to the tyres industry, chapter 5 of the 13th Five Year Petrochemical Plan provides to ‘Strengthen the connection between financial, taxation, trading policies and industrial policies. Realize bank-enterprise connection and production cooperation policies. Strengthen financing support on key enterprises and key projects. Make use of existing special capital channels (special projects and funds, etc.) to keep supporting industrial upgrading and technical reconstruction’.
Zakona o bankama navodi da „poslovne banke, u skladu sa zakonom, posluju bez uplitanja bilo kojeg subjekta ili osobe te neovisno preuzimaju građanskopravnu odgovornost i odgovaraju svojom cijelom imovinom pravne osobe”, u ispitnom postupku pokazalo se da se članak 4.
Furthermore, the Tires Industry Policy ‘shall serve as the basis for all relevant departments’ concerning ‘credit financing for such tire industry projects’.
Zakona o bankama primjenjuje u skladu s člankom 34.
Similarly, Decision No 40 instructs all financial institutions to provide credit support specifically to ‘encouraged’ projects.
Zakona o bankama, tj. kada država utvrdi javnu politiku, banke je provode i slijede državne upute.
As already explained in section 3.1, projects of the tyres industry belong to the ‘encouraged’ category.
Osim toga, člankom 15.
Decision No 40 hence confirms the previous finding with respect to the Bank law that banks exercise governmental authority in the form of preferential credit operations.
Općih pravila o zajmovima predviđa se sljedeće: „U skladu s državnom politikom relevantni odjeli mogu subvencionirati kamate na zajmove radi promicanja rasta određenih industrija i gospodarskog razvoja u određenim područjima.”
In response to the Information Document, the GOC commented that Decision No 40 only allows credit support if it is based on the principles of credit lending.
Nakon objave dokumenta s informacijama kineska vlada dostavila je primjedbu da je Komisija pogrešno protumačila članak 34.
The Commission acknowledged that Articles 17 and 18 of the same Decision also ask the banks to respect credit principles.
Zakona o bankama.
However, as explained in more detail in recitals (202) to (206) below, the Commission could not establish during the investigation that this was done in practice.
Članak 34. ne bi se trebao tumačiti sam za sebe, a članak 4. kao sastavni dio Općih odredbi ima prednost pred ostalim člancima tog Zakona.
The Commission also found that the China Banking and Regulatory Commission (‘CBRC’) has far-reaching approval authority over all aspects of the management of all financial institutions established in the PRC (including privately owned and foreign owned financial institutions), such as:
No nalazi ovog ispitnog postupka (i nalazi Komisije u prijašnjim ispitnim postupcima o istom programu subvencioniranja) ne potkrjepljuju tvrdnju da banke nisu uzimale u obzir vladine politike i planove pri odlučivanju o davanju zajmova.
approval of the appointment of all managers of the financial institutions, both at the level of headquarters and at the level of local branches.
Zapravo su potvrdili suprotno, kako je opisano u uvodnim izjavama od 202. do 206. u nastavku.
Approval of the CBRC is required for the recruitment of all levels of management, from the most senior positions down to branch managers, and even includes managers appointed in overseas branches as well as managers responsible for support functions (e.g. the IT managers); and
Stoga je Komisija utvrdila da se člankom 4.
a very long list of administrative approvals, including approvals for setting up branches, for starting new business lines or selling new products, for changing the Articles of Association of the bank, for selling more than 5 % of their shares, for capital increases, for changes of domicile, for changes of organizational form, etc.
Zakona o bankama poslovne banke ne sprečava da uzimaju u obzir vladinu industrijsku politiku i planove.
The Bank law is legally binding.
Kineska vlada zatražila je i da se zanemari članak 15.
The mandatory nature of the Five Year Plans and of Decision No 40 has been established above in section 3.1.
Općih pravila o zajmovima s obzirom na to da je utvrđen prije više od 20 godina i po njemu se ne postupa duže razdoblje.
The mandatory nature of the CBRC regulatory documents derives from its powers as the banking regulatory authority.
No kineska vlada istodobno je potvrdila da Opća pravila o zajmovima još nisu službeno stavljena izvan snage.
The mandatory nature of other documents is demonstrated by the supervision and evaluation clauses which they contain.
Stoga je Komisija smatrala da je njezino upućivanje na Opća pravila o zajmovima i dalje valjano.
On that basis, the Commission concluded 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.
Industrijska politika države utvrđuje se središnjim planiranjem kako je prethodno objašnjeno u odjeljku 3.1.
Therefore, the GOC relied on the normative framework in order to exercise control in a meaningful way over the conduct of the three cooperating state-owned banks whenever those were providing loans to the tyres industry.
S obzirom na industriju guma u petom poglavlju 13. petogodišnjeg plana za petrokemijsku industriju predviđa se sljedeće: „Jačanje veze između financijskih, poreznih, trgovinskih politika i industrijskih politika.
The Commission also sought concrete proof of the exercise of control in a meaningful way on the basis of concrete loans.
Realizacija veze banka–poduzeće i politika suradnje u proizvodnji.
During the verification visit, the three cooperating state-owned banks maintained that in practice they had used sophisticated credit risk assessment policies and models when granting the loans at issue.
Jačanje financijske potpore za ključna poduzeća i ključne projekte.
During the verification visit at the GOC, ABC and BOC representatives also indicated that they had reduced their overall credit exposure towards the tyres industry during the last two years, because they detected some issues relating to overcapacity in the sector.
Iskorištavanje postojećih posebnih kanala za kapital (posebni projekti i fondovi itd.) kako bi se nastavilo podupirati modernizaciju industrije i tehničku obnovu”.
However, no concrete examples relating to the sampled companies were provided.
Nadalje, politika za industriju guma „služi kao osnova za sve odgovarajuće odjele” u pogledu „kreditnog financiranja za takve projekte u industriji guma”.
The three cooperating state-owned banks refused to provide information, including their specific credit risk assessments, related to the sampled companies for regulatory reasons and contractual reasons even though the Commission had provided them with a written consent from the sampled companies waiving their confidentiality rights.
Slično tome odlukom br. 40 sve se financijske institucije upućuju da kreditnu potporu posebno pruže „poticanim” projektima.
In the absence of concrete evidence of creditworthiness assessments, the Commission therefore examined the overall legal environment as set out above in recitals (188) to (201), in combination with the behaviour of the three cooperating state-owned banks with regard to the loans provided to the sampled companies.
Kako je već objašnjeno u odjeljku 3.1., projekti industrije guma svrstani su u kategoriju „poticanih” projekata.
This behaviour contrasted with their official stance during the verification visit, as in practice they were not acting based on thorough market-based risk assessments.
Odluka br. 40 stoga potvrđuje prethodni nalaz u pogledu Zakona o bankama da banke izvršavaju javne ovlasti u obliku aktivnosti povezanih s povlaštenim kreditima.
The verification visits revealed that with the sole exception of certain loans in foreign currency, 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, regardless of the companies' financial and credit risk situation.
U odgovoru na dokument s informacijama kineska vlada dostavila je primjedbu da je na temelju Odluke br. 40 kreditna potpora dopuštena samo ako se temelji na načelima odobravanja kredita.
Hence, the loans were provided below market rates when compared to the rate corresponding to the risk profile of the four sampled exporting producers.
Komisija je uvažila da se u člancima 17. i 18. te odluke od banka zahtijeva da poštuju načela odobravanja kredita.
In addition, 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.
No, kako je detaljno objašnjeno u uvodnim izjavama od 202. do 206. u nastavku, Komisija nije uspjela tijekom ispitnog postupka utvrditi provodi li se to stvarno u praksi.
In the case of two of the sampled groups of companies, payment schedules were restructured or debt was forgiven because of financial difficulties.
Komisija je utvrdila i da Kinesko bankarsko regulatorno tijelo („CBRC”) ima dalekosežne ovlasti u pogledu odobravanja svih aspekata upravljanja svim financijskim institucijama s poslovnim nastanom u NRK-u (uključujući financijske institucije u privatnom vlasništvu i u stranom vlasništvu), kao što su:
The Commission also found that loans which should have been reported by the banks as ‘not normal’ loans had not always been indicated as such in the national central credit register by the three cooperating state-owned banks.
odobravanje imenovanja svih rukovoditelja financijskih institucija, na razini sjedišta i na razini lokalnih podružnica.
The obligation to report such ‘not normal loans’ exists in particular when loans had been restructured, when the debtor defaulted on its payments, or when revolving loans had been issued.
Odobrenje CBRC-a zahtijeva se za zapošljavanje na svim razinama rukovodstva, od najviših rukovodećih položaja sve do rukovoditelja podružnica, a to uključuje čak i rukovoditelje koji se imenuju u prekomorskim podružnicama te rukovoditelje odgovorne za funkcije podrške (npr. rukovoditelji za informacijske tehnologije); i
Such occurrences were found for all four groups of sampled exporting producers.
vrlo dugačak popis administrativnih odobrenja, uključujući odobrenja za otvaranje podružnica, za pokretanje novih poslovnih linija ili prodaju novih proizvoda, za izmjenu statuta banke, za prodaju više od 5 % dionica banke, za povećanje kapitala, za promjene sjedišta, za promjene oblika organizacije itd.
According to the CBRC's ‘Guidelines on risk-based loan classification’, all of these instances should have been included in the central credit register.
Zakon o bankama pravno je obvezujući.
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.
Obvezujuća priroda petogodišnjih planova i odluke br. 40 utvrđena je prethodno u odjeljku 3.1.
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.
Obvezujuća priroda regulatornih dokumenata CBRC-a proizlazi iz njegovih ovlaštenja kao bankarskog regulatornog tijela.
The Commission therefore concluded that the GOC has exercised meaningful control over the conduct of the three cooperating state-owned banks with respect to their lending policies and assessment of risk concerning the tyres industry.
Obvezujuća priroda ostalih dokumenata pokazuje se u klauzulama o nadzoru i evaluaciji koje se u njima nalaze.
Conclusion on cooperating financial institutions
Na toj je osnovi Komisija zaključila da je kineska vlada stvorila normativni okvir kojeg se moraju pridržavati rukovoditelji i nadzornici koje imenuje kineska vlada i koji su odgovorni kineskoj vladi.
The Commission found that the legal framework set out above is being implemented by the three cooperating State-owned financial institutions in the exercise of governmental functions with respect to the tyres 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.
Stoga se kineska vlada oslanjala na taj normativni okvir kako bi provodila znatnu kontrolu nad ponašanjem triju banaka u državnom vlasništvu koje surađuju kad god su one davale zajmove industriji guma.
Non-cooperating state-owned banks
Komisija je zatražila i konkretne dokaze o provođenju znatne kontrole na temelju konkretnih zajmova.
As set out in section 3.2 above, none of the other state-owned banks which provided loans to the sampled companies replied to the specific questionnaire.
Tijekom posjeta radi provjere tri banke u državnom vlasništvu koje surađuju tvrdile su da su u praksi primjenjivale napredne politike i modele za procjenu kreditnog rizika pri odobravanju predmetnih zajmova.
Therefore, in line with the conclusions reached in recitals (127) to (136) above, the Commission decided to use facts available to determine whether those state-owned banks qualify as public bodies.
Tijekom posjeta radi provjere u kineskoj vladi, predstavnici ABC-a i BOC-a naveli su i da su u posljednje dvije godine smanjili svoju ukupnu kreditnu izloženost prema industriji guma zbog toga što su otkrili određene probleme povezane s prekomjernim kapacitetom u tom sektoru.
In the anti-subsidy investigation on imports of certain hot-rolled flat products of iron, non-alloy or other alloy steel originating in the People's Republic of China, the Commission established that the following banks which had provided loans to the four sampled groups of exporting producers in the investigation at hand were partially or fully owned by the State itself or by State-held legal persons: China Development Bank, China Construction Bank, Industrial and Commercial Bank of China, Bank of Communications, China Everbright Bank, Postal Savings Bank, China Merchants Bank, Shanghai Pudong Development Bank, China Industrial Bank, Shenyang Rural Commercial Bank, Bank of Shanghai, Ningbo Bank, China CITIC Bank, China Guangfa Bank, China Bohai Bank, Huaxia Bank.
Međutim, nisu naveli konkretne primjere koji se odnose na društva u uzorku.
Using publicly available information, such as the bank's website, annual reports, information available in bank directories or on the internet, the Commission furthermore found that the following 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:
Tri banke u državnom vlasništvu koje surađuju odbile su dostaviti informacije, uključujući svoje konkretne procjene kreditnog rizika, koje se odnose na društva u uzorku zbog regulatornih razloga i ugovornih razloga iako im je Komisija dostavila pisani pristanak društava u uzorku kojim se ona odriču svojih prava na povjerljivost.
Information on ownership structure
To ponašanje bilo je u suprotnosti s njihovim službenim stajalištem iznesenim tijekom posjeta radi provjere jer u praksi one nisu postupale na osnovi temeljitih tržišno utemeljenih procjena rizika.
at least 34,86 % of the shares held by state-owned entities
U posjetima radi provjere otkriveno je da su, uz jedinu iznimku određenih zajmova u stranoj valuti, zajmovi četirima grupama proizvođača izvoznika u uzorku dani s kamatnim stopama koje su bile blizu referentnim kamatnim stopama Narodne banke Kine („NBK”), neovisno o financijskom stanju i kreditnom riziku tih društava.
at least 42,55 % of the shares held by the local government and SOEs
Stoga su zajmovi dani sa stopama nižima od tržišnih stopa u usporedbi sa stopom koja odgovara profilu rizičnosti četiriju proizvođača izvoznika u uzorku.
mainly state-owned, with shares diluted among many SOEs and entities associated to the local government
Dodatno, društva u uzorku dobila su revolving zajmove, kojima im se omogućuje da odmah zamijene kapital iz zajmova koji su otplatila na datum njihova dospijeća svježim kapitalom iz novih zajmova.
Dongying City Bureau of Finance holds 20,88 %, Dongying State-owned Assets Operation Co., Ltd 11,14 %
U slučaju dviju grupa društava u uzorku rasporedi plaćanja bili su restrukturirani ili je dug bio oprošten zbog financijskih poteškoća.
at least 40,2 % of the shares held by the local government and SOEs
Komisija je utvrdila i da zajmovi koje su banke trebale prijaviti kao „neuobičajene” zajmove nisu uvijek bili navedeni kao takvi u nacionalnom središnjem kreditnom registru od strane tih triju banaka u državnom vlasništvu koje surađuju.
owned by China National Petroleum Corporation (SOE)
Obveza prijave takvih „neuobičajenih” zajmova postoji osobito kada je došlo do restrukturiranja zajmova, kada dužnik ne ispuni svoje obveze plaćanja ili kada su odobreni revolving zajmovi.
Shanghai Rural Commercial Bank
Takvi su primjeri pronađeni za sve četiri grupe proizvođača izvoznika u uzorku.
SOE shares represent 35,52 % of the share capital
U skladu sa „Smjernicama o razvrstavanju zajmova na temelju rizika” CBRC-a svi su ti slučajevi trebali biti obuhvaćeni središnjim kreditnim registrom.
subsidiary of Industrial Bank, which was found to be state-owned in the anti-subsidy investigation on HRF
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.
Daye Trust Co., Ltd
Kao rezultat toga, čak i kad bi financijska institucija primijenila tržišnu procjenu rizika, morala bi to učiniti na temelju netočnih informacija.
subsidiary of China Orient Asset Mgt Co.
Komisija je stoga zaključila da je kineska vlada provodila znatnu kontrolu nad ponašanjem tih triju banaka u državnom vlasništvu koje surađuju s obzirom na njihove politike davanja zajmova i procjene rizika u pogledu industrije guma.
Ltd, (state-owned Asset Management Company)
Zaključak o financijskim institucijama koje surađuju
Sinotruk Finance Co., Ltd
Komisija je utvrdila da tri financijske institucije u državnom vlasništvu koje surađuju provode prethodno navedeni pravni okvir pri izvršavanju javnih funkcija u odnosu na sektor guma, 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.
owned by Sinotruk (SOE)
Banke u državnom vlasništvu koje ne surađuju
The Commission further established, absent specific information from the financial institutions at issue indicating otherwise, GOC ownership and control based on formal indicia for the same reasons as set out above in section 3.4.1.1.
Kako je prethodno utvrđeno u odjeljku 3.2., nijedna druga banka u državnom vlasništvu koja je dala zajmove društvima u uzorku nije odgovorila na posebni upitnik.
In particular, based on facts available, managers and supervisors in the non-cooperating state-owned banks are assumed to be appointed by the GOC and accountable to the GOC in the same manner as in the three cooperating state-owned banks.
Stoga je Komisija, u skladu sa zaključcima donesenima u prethodnim uvodnim izjavama od 127. do 136., odlučila upotrijebiti raspoložive podatke kako bi utvrdila mogu li se te banke u državnom vlasništvu smatrati javnim tijelima.
With regard to the exercise of control in a meaningful manner, the Commission considered that the findings concerning the three cooperating financial institutions, which accounted for a substantial part of the loans to the four sampled groups of companies during the investigation period (ranging from 30 % to 50 % depending on the company) could be considered representative also for the non-cooperating state-owned financial institutions.
U antisubvencijskom ispitnom postupku o uvozu određenih toplovaljanih plosnatih proizvoda od željeza, nelegiranog čelika ili drugoga legiranog čelika podrijetlom iz Narodne Republike Kine Komisija je utvrdila da su se sljedeće banke koje su davale zajmove četirima grupama proizvođača izvoznika u uzorku u ovom ispitnom postupku nalazile u djelomičnom ili potpunom vlasništvu same države ili pravnih osoba u državnom vlasništvu: Kineska razvojna banka, Kineska banka za izgradnju, Industrijska i poslovna banka Kine, Komunikacijska banka, China Everbright Bank, Postal Savings Bank, China Merchants Bank, Shanghai Pudong Development Bank, Kineska industrijska banka, Shenyang Rural Commercial Bank, Šangajska banka, Ningbo Bank, China CITIC Bank, China Guangfa Bank, China Bohai Bank i Huaxia Bank.
The normative framework analyzed in section 3.4.1.1(b) above applies to them in an identical manner.
Upotrebom javno dostupnih informacija, kao što su web-mjesta banaka, godišnja izvješća, informacije dostupne u imenicima banaka ili na internetu, Komisija je utvrdila da su se sljedeće banke koje su davale zajmove četirima grupama proizvođača izvoznika u uzorku nalazile u djelomičnom ili potpunom vlasništvu same države ili pravnih osoba u državnom vlasništvu:
Absent any indication to the contrary, based on best facts available, the lack of concrete evidence of creditworthiness assessments is valid for them in the same manner as for the three cooperating state-owned banks, so that the analysis on the concrete application of the normative framework in section 3.4.1.1.(b) above applies to them in an identical manner.
Naziv banke
Moreover, the Commission observed that the majority of loan contracts which the Commission had obtained from the sampled companies had similar conditions and that the lending rates which had been agreed were similar and partly overlapped with the rates provided by the three cooperating state-owned banks.
Informacije o vlasničkoj strukturi
The Commission therefore considered that the findings for the three cooperating state-owned banks constituted the facts available under Article 28 of the basic Regulation for assessing the other state-owned banks, due to those similarities in loan conditions and lending rates and the representativeness of the three financial institutions that were verified.
najmanje 34,86 % dionica drže subjekti u državnom vlasništvu
On that basis, the Commission concluded that the other state-owned banks which provide loans to the sampled companies are public bodies within the meaning of Articles 3 and 2 (b) of the basic Regulation.
najmanje 42,55 % dionica drže lokalne samouprave i poduzeća u državnom vlasništvu
Conclusion on State owned financial institutions
uglavnom u državnom vlasništvu, s dionicama koje su podijeljene između mnogih poduzeća u državnom vlasništvu i subjekata povezanih s lokalnom samoupravom
In light of the above considerations the Commission found that all state-owned Chinese financial institutions that provided loans to the four sampled groups of cooperating exporting producers are public bodies within the meaning of Articles 3 and 2 (b) of the basic Regulation.
Ured za financije grada Dongyinga drži 20,88 %, društvo Dongying State-owned Assets Operation Co., Ltd. drži 11,14 %
In addition, even if the state-owned financial institutions were not to be considered as public bodies, the Commission found that they would also be considered entrusted and directed by the GOC to carry out functions normally vested in the government, within the meaning of Article 3(1)(a)(iv) of the basic Regulation for the same reasons, as set out in recitals (220) to (223) below.
najmanje 40,2 % dionica drže lokalne samouprave i poduzeća u državnom vlasništvu
Thus, their conduct would be attributed to the GOC in any event.
u vlasništvu društva China National Petroleum Corporation (poduzeće u državnom vlasništvu)