natgillin/translations-raw huggingface dataset:
Using publicly available information about this bank, the Commission concluded that it is for more than 50 % State-owned through direct and indirect shareholding as well.
Kot je razvidno iz uvodnih izjav 195 do 201, je Komisija podrobno analizirala razpoložljive dokaze, vključno s tem, ali so se razmere, kot so bile ugotovljene v prvotni preiskavi, spremenile v takem obsegu, da njene ugotovitve ne bi bile več ustrezne.
For the purpose of this investigation, the Commission hence concluded that the ten banks ICBC, Agricultural Bank, Bank of China, CCB, MEB, China Development Bank, Bank of Communications, China Everbright Bank, Industrial Bank and Shanghai Pudong Development Bank were publicly owned.
Take domnevne spremembe vključujejo tiste, ki jih navaja kitajska vlada, in so bile analizirane in obravnavane zgoraj.
ICBC, Agricultural Bank, Bank of China and CCB accounted for [40-50 %] of the loans to the sampled producers in the RIP.
Komisija ugotavlja tudi, da so bili novi dokazi, predloženi v tem postopku, precej omejeni.
Bank of Communications, China Everbright Bank, Industrial Bank and Shanghai Pudong Development Bank accounted for [10-20 %] of the loans to the sampled producers in the RIP.
Opozoriti je treba tudi, da je kitajska vlada med preveritvenim obiskom potrdila, da ni bilo drugih sprememb poleg zgoraj navedenih.
MEB accounted for [0-10 %] and China Development Bank for [20-30 %].
Kar zadeva dokazno breme in v skladu s členom 18(3) osnovne uredbe poudarjamo, da bodo predloženi dokazi v zvezi z vprašanjem, ali bi se zaradi izteka veljavnosti ukrepov subvencioniranje verjetno nadaljevalo ali ponovilo, ustrezno dokumentirani.
The information on the file did not allow establishing the ownership structure of the remaining six banks, for which the GOC had not provided any information.
Komisija je podrobno analizirala vse relevantne elemente in dokaze, ki jih je v zvezi s tem predložila kitajska vlada, in ugotovila, da ne dokazujejo zadovoljivo, da so se razmere glede na prvotno preiskavo občutno spremenile.
Due to the lack of cooperation from the GOC concerning the six banks other than the four banks verified, the Commission had to apply facts available in order to assess whether those six banks are public bodies.
V tem okviru in glede na domnevne spremembe, na katere se je sklicevala kitajska vlada, ugotavljamo, da je bila kitajska vlada odgovorna za to, da dokaže, da je do takih sprememb res prišlo, in da Komisija ni neupravičeno prenesla dokaznega bremena nanjo.
First, the Commission established that those banks are publicly owned (see previous recital and recital 106 above).
Kar zadeva oceno na ravni države, Komisija opozarja, da je izvedla posebno analizo javnega organa za vsako od finančnih institucij, za katere je kitajska vlada predložila zahtevane relevantne informacije.
The Commission, second, found that the four sampled banks accounted for a substantial part [15-25 %] of the loans that the three sampled companies had obtained during the RIP.
Na žalost kitajska vlada ni predložila informacij za vse druge finančne institucije, ki so izdajale posojila vzorčenim proizvajalcem izvoznikom, kot je opisano v oddelku 3.1.
Therefore, findings for them could be considered representative.
Komisija zato ni mogla izvesti analize javnega organa za vse te druge finančne institucije, zato je argument kitajske vlade brezpredmeten.
The Commission, third, observed that the majority of loan contracts of all ten banks, which the Commission had obtained from the three sampled cooperating producers, followed the same or similar patterns, and that the lending rate had been agreed in the majority of cases by all banks was based on PBOC benchmark rate plus mark-up of below market rate.
Komisija je zato morala uporabiti razpoložljiva dejstva v spisu in opraviti temeljito analizo javnega organa za finančni sektor v LRK.
The Commission considered therefore that the findings for the four banks for which verifications had taken place constituted the best facts available for assessing the other banks in public ownership, due to those similarities and the representativeness of the four banks that were verified.
Komisija je med relevantnimi elementi temeljito proučila vse nove dokaze, ki jih je kitajska vlada predložila v okviru tega postopka, skupaj z ugotovitvami iz prvotne preiskave.
On that basis, the Commission concludes that the six banks other than the four banks verified also are public bodies.
Poleg tega je kitajska vlada trdila, da se je Komisija pri določanju „javnih organov“ opirala na dejstvo, da so bile najnižje dovoljene posojilne obrestne mere de facto odpravljene.
Accordingly, the Commission calculated benefits for those ten publicly owned banks.
Trdila je tudi, da je Komisija napačno razlagala domnevno odpravo najnižje dovoljene posojilne obrestne mere, ker takšna odprava pomeni, da bi banke zdaj domnevno lahko zagotavljale posojila po obrestnih merah, nižjih od 30 % referenčne obrestne mere.
Modifications to the legislation applicable to State-owned banks operating in China
Z zanikanjem odprave takšne najnižje obrestne mere je kitajska vlada nadalje trdila, da banke torej ne bi mogle odobriti preferenčnih posojil.
The GOC claimed that the Commission's finding in the original investigation that Chinese State-owned banks are public bodies was no longer valid as the People's Bank of China (‘PBOC’) no longer sets the floor lending rates so that the GOC no longer intervenes in the financial market.
Kitajska vlada je trdila tudi, da bi bila zahteva, naj banke prilagodijo tržne cene za posojilne obrestne mere, enaka nadzoru teh bank in v nasprotju z duhom liberalizacije.
The GOC argued that the PBOC had removed control over interest rates on loans offered by financial institutions on 20 July 2013 by removing the floor of lending rates.
Kitajska vlada je nadalje trdila, da je člen 38 zakona o bankah permisiven in da zakon ni bil spremenjen, čeprav so bile zgornje meje odpravljene nekaj let pred spodnjimi.
The PBOC had also decided to remove the deposit interest rate floating ceiling in a notice published on 27 October 2015.
Kitajska vlada je trdila tudi, da je teorija o korelaciji med omejitvami obrestnih mer PBOC in LPR napačna in je raje spet uporabila statistiko obrestnih mer za vzorčene sodelujoče proizvajalce izvoznike.
The Commission considers that this claim is ineffective, as the findings set out in the preceding section suffice, taken on their own, to establish that Chinese publicly-owned banks are public bodies.
Kitajska vlada je trdila tudi, da za posojila, izražena v USD ali EUR, nikoli niso veljale referenčne vrednosti ali mejne vrednosti.
In any event, it is first noted that the Commission's finding (made in the original investigation) that Chinese State-owned banks are public bodies was not solely based on the fact that the PBOC sets the lending rates and the deposit interest rate floating ceiling, but resulted from the analysis of a series of elements as described in recitals 158 to 168 of the original Regulation.
Kar zadeva določitev javnih organov, je treba najprej opozoriti, da je kitajska vlada sama izpostavila vprašanje odprave najnižje dovoljene posojilne obrestne mere, in sicer v podporo svoji trditvi, da kitajska vlada ne posega več v finančni trg in da kitajskih bank v državni lasti ni mogoče šteti za javne organe.
For the ease of reference, these elements related to (i) the government intervention linked to government ownership in major banks, (ii) the fact that state owned banks in the PRC hold a very high market share, leaving only very little room to privately owned banks, and are predominant players in the Chinese financial market, (iii) government control by means of ownership, administrative control of the banks' commercial behaviour or even statutory documents, (iv) role of the PBOC in setting limits on the way interest rates are set and fluctuate and (v) legal rules which require banks to reflect national policies/sectorial preferences into their credit policies.
Komisija je analizirala trditev o ukinitvi najnižjih dovoljenih obrestnih mer in jo zavrnila iz razlogov, navedenih v uvodnih izjavah 194 do 201.
In the current expiry review, the only change that the GOC referred relates to point (iv).
Ker kitajska vlada ni navedla drugih večjih sprememb, se je Komisija pri oblikovanju svojih sklepov v zvezi s tem opirala na sklepne ugotovitve prvotne preiskave, ki so bile potrjene z novimi dokazi za OPP, in na nove elemente, kot je obstoj nove posojilne obrestne mere (LPR).
Points (i) to (iii) and (v) have been confirmed in the assessment carried out in the immediately preceding recitals.
Kar zadeva domnevno napačno razlago odprave, Komisija ne vidi, kako bi dejstvo, da je bila odpravljena najnižja dovoljena posojilna obrestna mera, bankam lahko preprečilo zagotavljanje preferenčnih posojil, če je bila najnižja dovoljena posojilna obrestna mera v vsakem primeru do 30 % pod referenčno obrestno mero.
Second, the decisions mentioned above at recital 194 allegedly removed the ceiling and floor interest rates.
Kar zadeva odsotnost zahteve za banke, da morajo ponujati tržne posojilne obrestne mere, Komisija ne vidi, kako se siljenje bank, da poslujejo v skladu z načeli tržnega gospodarstva, lahko šteje za uvedbo posebnih politik za banke.
The wording of the relevant published PBOC decisions however only encouraged –not required– financial institutions to adapt to market-based pricing of lending interest rates.
Takšne prakse ne izhajajo iz posebnih politik, temveč iz oblikovanja finančnega okvira, v katerem veljajo tržna načela.
That means Chinese State-owned banks are still allowed to lend at preferential rates, and actually are obliged to do so on the basis of Article 34 of the Banking law, which takes precedence over a mere encouragement in a decision of the PBOC.
V skladu s členom 38 zakona o bankah in kot je navedla kitajska vlada v svojem odgovoru na vprašalnik, Komisija razume, da vsi finančni subjekti v LRK strogo spoštujejo zakon o bankah in ne vidi, kako bi domnevna popustljivost lahko bila združljiva s takim pravnim načelom.
Third, while the PBOC published a decision on the removal of the floor rate, it is also noted that Article 38 of the Bank law still provides that ‘Commercial banks shall determine loan interest rate in accordance with the upper and lower limits for loan interest rates prescribed by the People's Bank of China’.
V vsakem primeru dejstvo, da bi bila najnižja dovoljena posojilna obrestna mera odpravljena, ni nezdružljivo z dejstvom, da bi bile družbe, ki proizvajajo fotonapetostne izdelke, deležne ugodnosti preferenčnih posojil.
The Bank law was amended only for other aspects at a later stage.
Kar zadeva teorijo o korelaciji med obrestnimi merami PBOC in LPR, Komisija ugotavlja, da predstavljeni statistični podatki niso bili podprti z izračuni in jih zato ni mogoče upoštevati.
This demonstrates the absence of any change in the legislative framework by which banks need to abide, because the PBOC decisions are only executive regulatory acts.
Če so predloženi statistični podatki točni, Komisija ne vidi njihove relevantnosti pri dokazovanju, da je analiza korelacije med PBOC in LPR (domnevno) napačna.
Furthermore, the PBOC keeps the legal basis so that it could any day reintroduce upper and lower limits.
Glede posojil, izraženih v USD ali EUR, Komisija meni, da domnevna odsotnost referenčne vrednosti ali mejnih vrednosti ne pomeni, da takih posojil ni mogoče odobriti po preferenčnih obrestnih merah.
Fourth, several of the four banks verified on spot mentioned during the verification visit the existence of a new lending rate based on quotes from banks published on the Shanghai interbank market introduced in October 2013.
Sklicevala se je na nepravilnost in nezadostnost ugotovitev Komisije iz prvotne preiskave v uvodnih izjavah 163 do 167 prvotne uredbe.
However, such information had not been shared by the GOC in its questionnaire reply in support for its claim that the Chinese market had been liberalized.
Komisija je nadgradila svojo analizo tega vprašanja.
Based on the information available in the public domain, it appears that this so-called loan prime rate (‘LPR’) is a one-year lending rate based on the best loan rate quoted by nine selected government supported commercial banks as the reference for the loan market.
V uvodnih izjavah 100 do 106 je Komisija podrobneje opredelila dejstva, na podlagi katerih je ugotovila javno lastništvo večine bank, ki so odobrile posojila vzorčenim družbam.
While the PBOC claimed that the introduction of the LPR will ‘promote interest rate liberalization, improve the benchmark-rate system in the financial markets’, independent analysts concluded at the time of its introduction that the role of the ‘Shanghai Interbank market is not effective enough to influence rates between banks and their clients’ [33].
Kar zadeva pravno in gospodarsko okolje, se Komisija sklicuje na ugotovitve, navedene v uvodni izjavi 139 zgoraj na podlagi člena 34 zakona o bankah.
Indeed, after analysis, it appears that, while the LPR is published each business day after averaging all the quotations of the 9 banks (with the highest and lowest quotations excluded), its level changed only on 6 occasions during the RIP.
Dejstvo, da banke izvajajo vladno pooblastilo, potrjuje tudi način uporabe členov 7 in 15 Splošnih pravil o posojilih (ki jih izvaja Ljudska banka Kitajske), ki urejata lastna posojila, naročena posojila in posojila za posebne namene (člen 7) in subvencioniranje posojilnih obresti (člen 15), ter Sklepa št. 40.
As a matter of comparison, the daily 1-year EURIBOR interbank rate changed over 185 times over the same period.
Obstaja tudi veliko dokazov, podprtih z neodvisnimi raziskavami in poročili, da so v kitajskem finančnem sistemu še vedno prisotni številni posegi vlade, kot je že pojasnjeno v uvodnih izjavah 172 in 178 prvotne uredbe.
Furthermore, it is also noted that the LPR appears to be pegged to the benchmark published by the PBOC (‘PBOC benchmark’) [34] as every single change of the PBOC benchmark in 2015 was followed by a change in the LPR the following working day.
Po razkritju je kitajska vlada navedla, da so bila posebna posojila iz člena 7 navedenih Splošnih pravil o posojilih odpravljena v letu 1999 na podlagi Okrožnice Ljudske banke Kitajske o izboljšanju upravljanja posebnih posojil YINFA [1999] št. 228 in da je člen 15 postal nerelevanten, saj PBOC ne določa več zgornje in spodnje meje posojil.
Further, it is also noted that the variations in the level of the PBOC benchmark and the LPR were identical in 2015.
Kitajska vlada je trdila tudi, da je Komisija napačno razlagala člen 34 zakona o bankah, ki domnevno nima nikakršne zveze z nacionalnimi politikami, kot da je spodbujal industrije, strateške industrije in nastajajoče industrije za obravnavo prednostnih industrij in sektorjev.
In addition, while the verified banks alleged that the share of short term loans whose interest rate was based on the LPR had increased significantly and were representing a large share of their short term loan portfolio, these allegations could neither be backed by supporting evidence provided by the banks nor confirmed during the verification visits at the premises of the exporting producers.
Sklicevala se je tudi na člene 4, 5, 7 in 35 zakona o bankah, ki naj bi se nanašali na avtonomnost banke, nevmešavanje s strani subjektov ali posameznikov in vlad ter preverjanje verodostojnosti posojilojemalcev.
The conclusions drawn in the original investigation, i.e. Chinese State-owned banks are public bodies because they possess, are vested with, and exercise governmental authority, remain valid in the RIP and are therefore confirmed.
Prav tako je dodala, da ta sklep v bistvu zajema celotno kitajsko gospodarstvo in se nanaša na 11. petletno obdobje.
Following disclosure, the GOC claimed that the Commission incorrectly put the burden of the proof on the GOC as far as its claims (i) that the financial market had been liberalised, (ii) that the GOC policy with regard to the solar sector had been terminated and (iii) the alleged distortions of the Chinese financial market had disappeared are concerned.
Kar zadeva člen 15 Splošnih pravil o posojilih, se Komisija ne strinja s pogledom kitajske vlade.
Additionally, the GOC also claimed that the Commission could not rely on a country-wide assessment of ‘public body’ and should have established such finding for each financial entity concerned.
Navedeni člen določa: „V skladu z državno politiko lahko ustrezne službe subvencionirajo posojilne obresti, in sicer z namenom spodbujanja rasti nekaterih industrij in gospodarskega razvoja na nekaterih območjih.“ Ta člen ostaja relevanten tudi po odpravi spodnjih in zgornjih meja obrestnih mer.
As demonstrated in recitals 195 to 201, the Commission made a thorough analysis of the evidence at hand including whether the situation established in the original investigation had changed to such extent that its findings would no longer be valid.
Člen 38 zakona o bankah se v vsakem primeru še vedno nanaša na omejitve in se lahko kadar koli ponovno aktivira, kot je pojasnjeno v uvodni izjavi 199.
Such alleged changes included those raised by the GOC and were all analysed and addressed above.
Kar zadeva zakon o bankah, je treba najprej poudariti, da členi 4, 5 in 7 spadajo v „Poglavje I Splošne določbe“, medtem ko člena 34 in 35 spadata v „Poglavje IV Osnovna pravila za posojila in druge poslovne dejavnosti“.
The Commission also notes that the new evidence submitted in this proceeding on the financial institutions was rather limited.
Kar zadeva člen 4, Komisija ne meni, da je določba, da banke „poslujejo brez kakršnega koli vmešavanja s strani subjektov ali posameznikov“, nezdružljiva z dejstvom, da so državne banke javni organi, oziroma da jim je zaupano in naročeno, da naj izvajajo vladno pooblastilo.
It is also noted, that the GOC confirmed during the verification visit that apart from the changes referred to above, no other changes had taken place.
Dejansko je Komisija preverila poslovanje in postopke odločanja v zvezi s finančnimi storitvami štirih bank v državni lasti.
As far as the burden of the proof is concerned and in compliance with Article 18(3) of the basic Regulation, it is recalled that evidence presented in relation to the question as to whether the expiry of measures would be likely to lead to the continuation or recurrence of subsidisation shall be duly documented.
Ker ni bilo mogoče pridobiti ustreznih informacij o drugih bankah, je treba ugotovitve za te banke na podlagi razpoložljivih dejstev razširiti na vse druge banke v državni lasti.
The Commission has thoroughly analysed all the relevant elements and evidence submitted by the GOC in this respect and concluded that they were insufficient to prove that the situation had substantially changed as compared to the original investigation.
Komisija je morala poleg tega glede na to, da niso bile zagotovljene bistvene informacije, ki jih je zahtevala od navedenih štirih bank, zlasti podrobnosti o oceni kreditnega tveganja, uporabiti razpoložljiva dejstva tudi pri oblikovanju ugotovitev na podlagi odgovorov na vprašalnik in preveritvenih obiskov v navedenih štirih bankah.
In this context and in view of the alleged changes that the GOC referred to, it is considered that it was the GOC's responsibility to demonstrate that such changes had indeed taken place and that the Commission did not unduly put such burden on the GOC.
Kitajska vlada se je sklicevala tudi na člen 4 zakona o bankah, v skladu s katerim velja: „Za poslovanje komercialnih bank veljajo načela varnosti, likvidnosti in učinkovitosti.
As far as the country-wide assessment is concerned, the Commission notes that it has carried out a specific analysis of public body for each of the financial institutions for which the GOC has submitted the relevant information requested.
Komercialne banke same sprejemajo odločitve glede svojega poslovanja, so odgovorne za svoja tveganja, prevzemajo odgovornost za svoje dobičke in izgube ter izvajajo samoomejevanje.
Unfortunately, the GOC has failed to submit information for all the other financial institutions that extended loans to the sampled cooperating exporting producers, as explained in section 3.1.
V skladu z zakonom opravljajo posle brez vmešavanja katere koli enote ali posameznika.
As a result, the Commission had to resort to the facts available on file and carried out a thorough analysis of public body for the financial sector in the PRC.
V obravnavanem primeru med preveritvijo na kraju samem Komisija ne le pravno ampak tudi de facto ni mogla potrditi točnosti trditve, da banke pri odločanju o odobritvi posojil ne upoštevajo vladne politike in načrtov.
Among the relevant elements, the Commission thoroughly considered all the new evidence submitted by the GOC in the context of this proceeding, together with the findings established in the original investigation.
Komisiji namreč ni bila predložena nobena ocena kreditne sposobnosti za fotonapetostno industrijo in za OPP.
Furthermore, the GOC also claimed that the Commission had relied in its determination on ‘public bodies’ on the de facto absence of abolition of the floor lending rates.
Komisija meni, da člen 4 zakona o bankah komercialnim bankam ne preprečuje, da bi upoštevale vladno industrijsko politiko ali načrte, saj se ta člen nanaša na načela, ki urejajo poslovanje.
It further claimed that the Commission had misinterpreted the alleged abolition of the floor lending rate as such abolition implied that banks could now allegedly provide loans at rates below 30 % of the benchmark rate.
To potrjuje tudi člen 34 zakona o bankah.
By denying the abolition of such floor rate, the GOC further claimed that banks would thus not be able to grant preferential loans.
V nasprotju s trditvijo kitajske vlade, da je Komisija „odmislila pravni okvir, v katerem delujejo banke“, je Komisija podrobno analizirala ta pravni okvir in je tudi lahko vzpostavila jasno povezavo med zadevnim pravnim okvirom in postopki teh finančnih institucij, ki je razvidna iz njihovih letnih poročil.
The GOC also claimed that requiring banks to adapt to market-based pricing of lending interest rates would be equivalent to controlling these banks and run counter to the spirit of liberalisation.
Kitajska vlada se je sklicevala tudi na člen 5 zakona o bankah, iz katerega po njenem mnenju izhaja, da se „lokalne vlade in vladne službe na več ravneh, javne organizacije ali posamezniki ne vmešavajo v poslovanje bank“.
The GOC further claimed that Article 38 of the Bank law is permissive and that although the upper limits were abolished several years before the lower limits, the Bank law was not amended.
Vendar pa se dejansko besedilo člena 5 banke zakona o bankah glasi: „Poslovne banke pri poslovanju s svojimi strankami spoštujejo načela enakosti, prostovoljnosti, pravičnosti in dobre vere“.
The GOC also claimed that the theory of correlation between the PBOC rates and the LPR was erroneous and reverted to interest rate statistics for the sampled cooperating exporting producers.
Komisija meni, da to besedilo ne ščiti bank pred obveznostjo, da upoštevajo politične premisleke, kot je določeno v členu 34.
The GOC also claimed that there have never been benchmarks or limits for loans denominated in USD or EUR.
Člena 7 in 35 zakona o bankah se nanašata na preverjanje kreditne sposobnosti, namen posojila in verigo odobritve kredita.
As far as the determination of public bodies is concerned, it is first recalled that the GOC itself raised the issue of the abolition of the floor lending rates in support of its claim that the Chinese government no longer intervenes in the financial market and that Chinese State-owned banks cannot be considered public bodies.
V zvezi s tem in kot je navedeno v uvodnih izjavah 128, 143, 155 in 171, sodelujoče banke niso predložile dokumentov v utemeljitev svojih trditev, kot so tiste, ki se nanašajo na kreditno sposobnost ali postopek odobritve.
The Commission analysed the claim on the abolition of the floor rates and rejected it on the grounds mentioned in recitals 194 to 201.
Na podlagi razpoložljivih dejstev zato ni mogoče šteti, da sta navedena člena v nasprotju z razlago člena 34, kot jo je vzpostavila Komisija.