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| 中国银行业监督管理委员会 | |
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| Agency overview | |
|---|---|
| Jurisdiction | National |
| Headquarters | Beijing |
| Agency executive |
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| Parent agency | State Council |
| Website | cbrc.gov.cn |
TheChina Banking Regulatory Commission (CBRC) was an agency of thePeople's Republic of China (PRC) authorised by theState Council to regulate thebanking sector of the PRC except the territories of Hong Kong and Macau, both of which arespecial administrative regions.
In 1998, the Communist Party established the Central Financial Work Commission to be the implementing body for financial policies, coordinating regulatory agencies in the financial sector, conducting investigations and disciplinary inspections, and making personnel recommendations.[1]: 39 In 2002, the Commission was dissolved and most of its functions transferred to the newly created China Banking Regulatory Commission (CBRC).[1]: 39
In response to their swelling debt loads, undercapitalization and non-transparent business practices, the government of China recapitalized the banks and set up the CBRC as the country's independent banking regulator in 2003.Liu Mingkang was appointed its first chairman and served until 2011, when he was replaced byShang Fulin. In 2017, Shang was replaced by Guo Shuqing as the new chairman.[2]
Active in developing policies to promotefinancial inclusion, the Bank is a member of the Alliance for Financial Inclusion.[3]
In April 2018, as part of thedeepening the reform of the Party and state institutions, the China Banking Regulatory Commission was merged with theChina Insurance Regulatory Commission to form theChina Banking and Insurance Regulatory Commission.
| International | |
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| National | |
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