natgillin/translations-raw huggingface dataset:
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
Vendar niso zagotovili konkretnih primerov v zvezi z vzorčenimi družbami.
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.
Tri sodelujoče banke v državni lasti iz regulativnih in pogodbenih razlogov niso hotele predložiti informacij, vključno z njihovimi posebnimi ocenami kreditnega tveganja, povezanimi z vzorčenimi družbami, čeprav jim je Komisija poslala pisno soglasje vzorčenih družb o odpovedi pravicam do zaupnosti.
The Bank law is legally binding.
Ker ni bilo oprijemljivih dokazov o ocenah kreditne sposobnosti, je Komisija proučila splošno pravno okolje, kot je opisano v uvodnih izjavah od 188 do 201, ter ravnanje treh sodelujočih bank v državni lasti v zvezi s posojili, ki so jih zagotavljale vzorčenim družbam.
The mandatory nature of the Five Year Plans and of Decision No 40 has been established above in section 3.1.
To ravnanje je bilo v nasprotju z njihovim uradnim stališčem med preveritvenim obiskom, saj v praksi niso ravnale, kot bi finančne institucije običajno ravnale na podlagi temeljitih ocen tveganja, ki temeljijo na trgu.
The mandatory nature of the CBRC regulatory documents derives from its powers as the banking regulatory authority.
Med preveritvenimi obiski je bilo, z izjemo nekaterih posojil v tuji valuti, ugotovljeno, da so se posojila štirim skupinam vzorčenih proizvajalcev izvoznikov zagotavljala po obrestnih merah, podobnih referenčni obrestni meri Ljudske banke Kitajske, in sicer ne glede na njihov finančni položaj in kreditno tveganje.
The mandatory nature of other documents is demonstrated by the supervision and evaluation clauses which they contain.
Posojila so se torej zagotavljala pod tržnimi obrestnimi merami, če jih primerjamo s stopnjo, ki bi ustrezala profilu tveganja štirih vzorčenih proizvajalcev izvoznikov.
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.
Poleg tega so vse družbe prejele posojila revolving, ki jim omogočajo, da kapital, s katerim so odplačale posojila na datum zapadlosti, takoj nadomestijo s svežim kapitalom od novih posojil.
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.
V primeru dveh vzorčenih skupin družb so bili razporedi plačil prestrukturirani ali pa je bil dolg odpisan zaradi finančnih težav.
The Commission also sought concrete proof of the exercise of control in a meaningful way on the basis of concrete loans.
Komisija je tudi ugotovila, da v primeru treh sodelujočih bank v državni lasti posojila, o katerih bi morale banke poročati kot o „neobičajnih“ posojilih, v nacionalnem centralnem registru kreditov niso bila vedno označena kot taka.
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.
Obveznost poročanja o takih „neobičajnih posojilih“ velja zlasti, kadar so bila posojila prestrukturirana, kadar jih dolžnik ni plačal ali v primeru posojil revolving.
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.
Taki primeri so bili odkriti pri vseh štirih skupinah vzorčenih proizvajalcev izvoznikov.
However, no concrete examples relating to the sampled companies were provided.
V skladu s smernicami komisije bančnih regulatorjev Kitajske o razvrščanju posojil na podlagi tveganja bi morali biti vsi ti primeri vključeni v centralni register kreditov.
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.
Zaradi pomanjkljivega poročanja finančnih institucij je slika kreditnega položaja družbe v centralnem registru kreditov izkrivljena, saj iz registra ni razvidna dejanska kreditna sposobnost družbe.
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.
Zato bi finančna institucija, če bi izvedla oceno tveganja, ki temelji na trgu, to storila na podlagi netočnih informacij.
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.
Komisija je zato sklenila, da je kitajska vlada izvajala smiseln nadzor nad ravnanjem treh sodelujočih bank v državni lasti v zvezi z njihovimi posojilnimi politikami in oceno tveganja v zvezi z industrijo pnevmatik.
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.
Sklep o sodelujočih finančnih institucijah
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 ugotovila, da tri sodelujoče finančne institucije v državni lasti izvajajo navedeni pravni okvir, ko izvajajo vladne funkcije v zvezi s sektorjem pnevmatik, zato delujejo kot javni organi v smislu člena 2(b) osnovne uredbe v povezavi s členom 3(1)(a)(i) osnovne uredbe in v skladu z ustrezno sodno prakso STO.
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.
Nesodelujoče banke v državni lasti
In the case of two of the sampled groups of companies, payment schedules were restructured or debt was forgiven because of financial difficulties.
Kot je navedeno v oddelku 3.2, nobena od bank v državi lasti, ki so zagotavljale posojila vzorčenim družbam, ni izpolnila vprašalnika.
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.
Zato je Komisija v skladu s sklepi iz uvodnih izjav od 127 do 136 sklenila, da bo pri ugotavljanju, ali se navedene banke v državni lasti štejejo za javne organe, uporabila razpoložljiva dejstva.
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.
Komisija je v protisubvencijski preiskavi o uvozu nekaterih vroče valjanih ploščatih izdelkov iz železa, nelegiranega jekla ali drugega legiranega jekla s poreklom iz Ljudske republike Kitajske ugotovila, da so naslednje banke, ki so zagotavljale posojila štirim vzorčenim skupinam proizvajalcev izvoznikov v tej preiskavi, delno ali v celoti v lasti države ali pravnih oseb v lasti države: Kitajska razvojna banka, Konstrukcijska banka Kitajske, Industrijska in poslovna banka Kitajske, Komunikacijska banka, banka China Everbright, Poštna hranilnica, Kitajska komercialna banka, Razvojna banka Šanghaj Pudong, Kitajska industrijska banka, Podeželska poslovna banka Shenyang, Šanghajska banka, banka Ningbo, banka China CITIC, banka China Guangfa, banka China Bohai in banka Huaxia.
Such occurrences were found for all four groups of sampled exporting producers.
Poleg tega je Komisija na podlagi javno dostopnih informacij, kot so spletišče banke, letna poročila in informacije iz bančnih imenikov ali z interneta, ugotovila, da so naslednje banke, ki so štirim vzorčenim skupinam proizvajalcev izvoznikov zagotavljale posojila, delno ali v celoti v lasti države ali pravnih oseb v lasti države:
According to the CBRC's ‘Guidelines on risk-based loan classification’, all of these instances should have been included in the central credit register.
Ime banke
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.
Informacije o lastniški strukturi
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.
vsaj 34,86 % delnic je v lasti subjektov v državni lasti
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.
vsaj 42,55 % delnic je v lasti lokalne vlade in podjetij v državni lasti
Conclusion on cooperating financial institutions
večinoma v državni lasti, delnice banke so razdeljene med številna podjetja v državni lasti in subjekte, povezane z lokalno vlado
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.
Finančni urad mesta Dongying ima v lasti 20,88 %, družba Dongying State-owned Assets Operation Co., Ltd., pa 11,14 % delnic
Non-cooperating state-owned banks
vsaj 40,2 % delnic je v lasti lokalne vlade in podjetij v državni lasti
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.
v lasti družbe China National Petroleum Corporation (podjetje v državni lasti)
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.
Šanghajska podeželska poslovna banka
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.
delnice podjetja v državni lasti predstavljajo 35,52 % delniškega kapitala
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:
podrejena družba Industrijske banke, za katero je bilo v protisubvencijski preiskavi vroče valjanih ploščatih izdelkov ugotovljeno, da je v državni lasti
Bank name
Družba Daye Trust Co., Ltd.
Information on ownership structure
podrejena družba družbe China Orient Asset Mgt Co.
at least 34,86 % of the shares held by state-owned entities
Ltd. (družba za upravljanje premoženja v državni lasti)
at least 42,55 % of the shares held by the local government and SOEs
Družba Sinotruk Finance Co., Ltd.
mainly state-owned, with shares diluted among many SOEs and entities associated to the local government
v lasti družbe Sinotruk (podjetje v državni lasti)
Dongying City Bureau of Finance holds 20,88 %, Dongying State-owned Assets Operation Co., Ltd 11,14 %
Ker zadevne finančne institucije niso predložile posebnih informacij, ki bi dokazovale nasprotno, je Komisija nadalje ugotovila lastništvo in nadzor kitajske vlade na podlagi formalnih indicev iz istih razlogov, kot so navedeni v oddelku 3.4.1.1.
at least 40,2 % of the shares held by the local government and SOEs
Zlasti se na podlagi razpoložljivih dejstev predvideva, da kitajska vlada vodstvene delavce in nadzornike, ki ji tudi odgovarjajo, v nesodelujočih bankah v državni lasti imenuje enako kot v treh sodelujočih bankah v državni lasti.
owned by China National Petroleum Corporation (SOE)
Kar zadeva izvajanje nadzora na smiseln način, je Komisija menila, da bi se ugotovitve v zvezi s tremi sodelujočimi finančnimi institucijami, ki so v obdobju preiskave izdale precejšen del posojil štirim vzorčenim skupinam družb (od 30 % do 50 %, odvisno od družbe), lahko štele za reprezentativne tudi za nesodelujoče finančne institucije v državni lasti.
Shanghai Rural Commercial Bank
Zanje enako velja tudi normativni okvir, analiziran v oddelku 3.4.1.1(b).
SOE shares represent 35,52 % of the share capital
Ker ni dokazov o nasprotnem, je mogoče na podlagi najboljših razpoložljivih dejstev predvidevati, da tako kot pri treh sodelujočih bankah v lasti države ni konkretnih dokazov o ocenah kreditne sposobnosti, zato zanje enako velja normativni okvir, analiziran v oddelku 3.4.1.1(b).
subsidiary of Industrial Bank, which was found to be state-owned in the anti-subsidy investigation on HRF
Komisija je ugotovila tudi, da ima večina posojilnih pogodb, ki jih je Komisija pridobila od vzorčenih družb, podobne pogoje ter da so dogovorjene posojilne obrestne mere podobne in se delno prekrivajo z obrestnimi merami, ki so jih zagotovile tri sodelujoče banke v državni lasti.
Daye Trust Co., Ltd
Komisija je zato menila, da so ugotovitve za tri sodelujoče banke v državni lasti zaradi navedenih podobnosti posojilnih pogojev in posojilnih obrestnih mer ter reprezentativnosti treh zadevnih finančnih institucij, ki so bile preverjene, razpoložljiva dejstva v skladu s členom 28 osnovne uredbe za oceno ostalih bank v državni lasti.
subsidiary of China Orient Asset Mgt Co.
Komisija je na tej podlagi sklenila, da se tudi ostale banke v državni lasti, ki vzorčenim družbam zagotavljajo posojila, štejejo za javne organe v smislu člena 3 in člena 2(b) osnovne uredbe.
Ltd, (state-owned Asset Management Company)
Sklep o finančnih institucijah v državni lasti
Sinotruk Finance Co., Ltd
Komisija je ob upoštevanju navedenih premislekov sklenila, da se vse kitajske finančne institucije v državni lasti, ki so zadevnim štirim skupinam sodelujočih proizvajalcev izvoznikov zagotavljale posojila, štejejo za javne organe v smislu člena 3 in člena 2(b) osnovne uredbe.
owned by Sinotruk (SOE)
Poleg tega je Komisija ugotovila, da tudi če se za finančne institucije v državni lasti ne bi štelo, da so javni organi, bi se v smislu člena 3(1)(a)(iv) osnovne uredbe iz enakih razlogov, kot so navedeni v uvodnih izjavah od 220 do 223, kljub temu štelo, da jih je kitajska vlada pooblastila in jim naložila opravljanje funkcij, ki so običajno v pristojnosti vlade.
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.
Njuno ravnanje bi se zato v vsakem primeru pripisalo kitajski vladi.
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.
Zaupanje in ukazovanje zasebnim finančnim institucijam
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.
Komisija je nato obravnavala preostale finančne institucije.
The normative framework analyzed in section 3.4.1.1(b) above applies to them in an identical manner.
Za naslednjih pet finančnih institucij se je na podlagi ugotovitev v zadevi v zvezi z vroče valjanimi ploščatimi izdelki, dopolnjenih z javno dostopnimi informacijami, štelo, da so v zasebni lasti: banka JPMorgan Chase (Kitajska), HSBC, banka Ping An, banka Bank of Qingdao in Pekinška banka.
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.
Komisija je analizirala, ali je tem finančnim institucijam kitajska vlada zaupala ali ukazala, da dodelijo subvencije sektorju pnevmatik, v smislu člena 3(1)(a)(iv) osnovne uredbe.
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.
Po mnenju pritožbenega organa STO gre za „zaupanje“, kadar vlada zasebnemu organu naloži odgovornost, „ukazovanje“ pa se nanaša na primere, kadar vlada nad zasebnim organom izvaja nadzor.
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.
Vlada v obeh primerih uporablja zasebni organ kot posrednika za izvršitev finančnega prispevka, pri čemer bi se „v večini primerov […] pričakovalo, da zaupanje ali ukazovanje zasebnega organa vključuje neko obliko grožnje ali prisile“.
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.
Hkrati članice v skladu z odstavkom (iv) ne smejo uvesti izravnalnih ukrepov za izdelke, „kadar vlada zgolj izvaja svoje splošne regulativne pristojnosti“ ali kadar ima posredovanje vlade „lahko ali pa tudi ne določen učinek zgolj na podlagi navedenih dejanskih okoliščin in uveljavljanja proste izbire akterjev na zadevnem trgu“.
Conclusion on State owned financial institutions
Zaupanje in ukazovanje pomenita „aktivnejšo vlogo vlade in ne zgolj spodbude“.
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.
Komisija je opozorila, da normativni okvir v zvezi z industrijo pnevmatik iz uvodnih izjav od 188 do 201 velja za vse finančne institucije v LRK, vključno s finančnimi institucijami v zasebni lasti.
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.
Za ponazoritev, zakon o bankah in različni odloki komisije bančnih regulatorjev Kitajske zajemajo vse banke, ki jih financira Kitajska, in banke s tujimi naložbami v okviru upravljanja komisije bančnih regulatorjev Kitajske.
Thus, their conduct would be attributed to the GOC in any event.
Poleg tega je bilo med preveritvenimi obiski vzorčenih družb ugotovljeno, da ima večina posojilnih pogodb, ki jih je Komisija pridobila od vzorčenih družb, podobne pogoje ter da so bile posojilne obrestne mere zasebnih finančnih institucij podobne in so se delno prekrivale z obrestnimi merami, ki so jih zagotavljale finančne institucije v javni lasti.
Entrustment and direction of private financial institutions
Ker Komisija od zasebnih finančnih institucij ni prejela nasprotnih informacij, je sklenila, da je država, kar zadeva industrijo pnevmatik, vsem finančnim institucijam (vključno z zasebnimi finančnimi institucijami), ki na Kitajskem poslujejo pod nadzorom komisije bančnih regulatorjev Kitajske, naložila ali jih pooblastila v smislu prve alinee člena 3(1)(a)(iv) osnovne uredbe, naj izvajajo vladne politike in industriji pnevmatik zagotavljajo posojila po preferenčnih obrestnih merah.
The Commission then turned to the remaining financial institutions.
V skladu s to ugotovitvijo je Komisija v zvezi s skupino Hankook Group ugotovila, da normativni okvir ne velja za nekatere finančne institucije v tuji lasti, ki so zagotavljale posojila skupini Hankook Group.
The following five financial institutions were considered to be privately owned, based on the findings established in the in the HRF case, and complemented by publicly available information: JPMorgan Chase Bank (China), HSBC, Ping An Bank, Bank of Qingdao, Bank of Beijing.
Dejansko niso bile pod nadzorom komisije bančnih regulatorjev Kitajske, saj so imele sedež zunaj LRK in so zagotavljale posojila v tujini v tuji valuti.
The Commission analysed whether these financial institutions had been entrusted or directed by the Government of China to grant subsidies to the tyres sector within the meaning of Article 3(1)(a)(iv) of the basic Regulation.
Zato je Komisija sklenila, da država tem finančnim institucijam ni zaupala ali ukazala opravljanja funkcij v smislu prve alinee člena 3(1)(a)(iv) osnovne uredbe.
According to the WTO Appellate Body, ‘entrustment’ occurs where a government gives responsibility to a private body and ‘direction’ refers to situations where the government exercises its authority over a private body.
Po razkritju informativnega dokumenta sta kitajska vlada in skupina Hankook Group trdili, da za zasebne finančne institucije, med katerimi je banka JPMorgan Chase Bank (Kitajska), ni mogoče šteti, da jim kitajska vlada zaupa ali ukazuje v smislu člena 3(1)(a)(iv) osnovne uredbe, da zagotavljajo posojila po preferenčnih obrestnih merah.
In both cases, the government uses a private body as a proxy to effectuate the financial contribution, and ‘in most cases, one would expect entrustment or direction of a private body to involve some form of threat or inducement’.
Navedli sta, da sta ureditvi, ki se uporabljata za komisijo bančnih regulatorjev Kitajske iz uvodnih izjav 188 in 199, skupni vsem regulativnim bančnim organom in izražata temeljna načela za učinkovit bančni nadzor, ki ga priporoča Baselski odbor za bančni nadzor.