English Chinese translation sample-risk management

（Edited by freelance Chinese translator li – English to Chinese translation or Chinese to English translation services- financial translation）

IX. Risk Management
In 2006, ICBC reformed its organization and remade its risk management procedures, separated a clearcut front, middle, and back business responsibility setup, appointed the CRO, to constitute a relatively centralized and independent risk management system.

　　九、风险管理
　　2006年中国工商银行实施组织机构改革和风险管理流程再造，清晰分离了前、中、后台职能，设立了首席风险官，着力于构建相对集中和独立的风险管理体系。

1. Credit risk management.
ICBC further promoted the centralized management of the credit business, raised the credit approval decision making level, and established an independent and centralized credit risk control system. It further improved its credit policy for the legal person clients, and implemented a differentiating credit policy in terms of region, trade, clients and products. It promoted creativity in small enterprise credit products and management and implemented a differentiating credit policy for small enterprises. It improved its personal credit management system, launched the “personal credit approval program”, and consolidated the five-grade system for personal credit assets. ICBC practiced a twelve-level classification for the quality management of corporate credit assets, with primary classification performed automatically by the computer system.

　　（一）信用风险管理。
　　深入推进信贷业务集约化经营管理，提高授信审批决策层次，构建独立集中的信贷业务风险控制体系。继续完善公司法人客户信贷政策，从区域、行业、客户、产品等方面实施差别化的信贷政策。积极推进小企业信贷产品创新和管理创新，实施差别化的小企业信贷政策。完善个人信贷管理系统，启动“个人信贷审批系统项目”，进一步强化个人信贷资产质量五级分类制度。对公司贷款资产质量实施12级分类管理，实现计算机系统自动初分。

2. Liquidity risk management.
ICBC transferred assets from branches of the second level and below and to the first level branches for centralized assets allocation, and guided the branches to adjust the assets liability period through internal fund transfer and pricing. With a series of index, it monitored daily the liquidity positions, the overall cash in the bank, the deposit in the Head Office and other branches, and other interest-generating amount and structure, in order to control the liquidity ratio to meet legal and internal requirements.

　　（二）流动性风险管理。
　　将二级及以下分行的资金集中到一级分行进行全额集中配置管理，通过内部资金转移定价机制引导分行调整资产负债期限结构。应用一系列参数每日监控流动性头寸、全行现金、总行存款和其他银行的现金以及其他生息资产的金额和结构，监控流动性比率以符合法规及内部要求。

3. Market risk management.
ICBC separated the middle business monitoring the market risk from the front business dealing with assets. With a series of core quota in interest rate risk management, analysis criteria of interest rate sensitivity gap, and guidance in interest rate risk management, ICBC established an interest rate risk management system adapted to the progress of marketization.

　　（三）市场风险管理。
　　分离中台对市场风险敞口的监控功能与资金业务的前台交易。采用一系列利率风险管理的核心指标、利率敏感度缺口分析标准以及利率风险管理指引，建立适应市场化进程的利率风险管理信息系统。

4. Operation risk and internal control.
ICBC constantly upgraded its operational risk management framework, system platform and technical means and promoted the implementation of The Operational Risk Management Manual in the whole bank. As a result, case occurrence rate and amount involved were the lowest in the history in 2006.

　　（四）操作风险与内部控制。
　　不断完善操作风险管理架构、制度平台和技术手段，在全行推广实施《操作风险管理手册》，2006年全行发案率及涉案金额控制在历史最低水平。