- China Banking Regulatory Commission
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China Banking Regulatory Commission 中国银行业监督管理委员会 Agency overview Jurisdiction National Headquarters Beijing Agency executive Shang Fulin, Chairman Parent agency State Council Website www.cbrc.gov.cn The China Banking Regulatory Commission (CBRC) is an agency of the People's Republic of China (PRC) authorised by the State Council to regulate the banking sector of the PRC except the territories of Hong Kong and Macau, both of which are special administrative regions. 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 by Shang Fulin.[1]
Contents
Main functions
- Formulate supervisory rules and regulations governing the banking institutions;
- Authorise the establishment, changes, termination and business scope of the banking institutions;
- Conduct on-site examination and off-site surveillance of the banking institutions, and take enforcement actions against rule-breaking behaviors;
- Conduct fit-and-proper tests on the senior managerial personnel of the banking institutions;
- Compile and publish statistics and reports of the overall banking industry in accordance with relevant regulations:
- Provide proposals on the resolution of problem deposit-taking institutions in consultation with relevant regulatory authorities;
- Responsible for the administration of the supervisory boards of the major State-owned banking institutions; and Other functions delegated by the State Council;
Supervisory focuses
- Conduct consolidated supervision to assess, monitor and mitigate the overall risks of each banking institution as a legal entity;
- Stay focused on risk-based supervision and improvement of supervisory process and methods;
- Urge banks to put in place and maintain a system of internal controls:
- Enhance supervisory transparency in line with international standards and practices。
Regulatory objectives
- Protect the interests of depositors and consumers through prudential and effective supervision;
- Maintain market confidence through prudential and effective supervision;
- Enhance public knowledge of modern finance though customer education and information disclosure;
- Combat financial crimes.
Supervisory and regulatory criteria
- Promote the financial stability and facilitate financial innovation at the same time;
- Enhance the international competitiveness of the Chinese banking sector;
- Set appropriate supervisory and regulatory boundaries and refrain from unnecessary controls;
- Encourage fair and orderly competition;
- Clearly define the accountability of both the supervisor and the supervised institutions; and
- Employ supervisory resources in an efficient and cost-effective manner.
External References
See also
External links
State Council of the People's Republic of China General Office State Council members (Cabinet)
(Plenary meeting members)Executive meeting members 
Ministries and Commissions
under the State CouncilForeign Affairs · National Defense · Development and Reform · Education · Science and Technology · Ethnic Affairs · Environmental Protection · Public Security · State Security · Supervision · Civil Affairs · Justice · Finance · Human Resources and Social Security · Land and Resources · Housing and Urban-Rural Development · Railways · Transport · Industry and Information Technology · Water Resources · Agriculture · Commerce · Culture · Population and Family Planning · Health · People's Bank · National Audit OfficeSpecial Organization
directly under the State CouncilOrganizations
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under the State CouncilInstitutions
directly under the State CouncilXinhua News Agency · Academy of Sciences · Academy of Social Sciences · Academy of Engineering · Development Research Center · National School of Administration · Earthquake Administration · Meteorological Administration · Banking Regulatory Commission · Securities Regulatory Commission · Insurance Regulatory Commission · State Electricity Regulatory Commission · National Council for Social Security Fund · National Natural Science Foundation · Taiwan Affairs Office (Association for Relations Across the Taiwan Straits) · Information Office · State Archives AdministrationState Administrations/Bureaus
under the
Ministries and CommissionsState Bureau for Letters and Calls · State Administration of Grain · National Energy Administration · State Administration of Science, Technology and Industry for National Defence · State Tobacco Monopoly Administration (China National Tobacco Corporation) · State Bureau of Civil Servants · State Administration of Foreign Experts Affairs · State Oceanic Administration · Civil Aviation Administration of China · State Bureau of Surveying and Mapping · State Post Bureau · State Administration of Cultural Heritage · State Food and Drug Administration · State Administration of Traditional Chinese Medicine · State Administration of Foreign Exchange · State Administration of Coal Mine Safety · National Administration for the Protection of State Secrets · State Cryptography Administration · China National Space Administration · China Atomic Energy Authority · State Language Commission · National Nuclear Safety AdministrationOther agencies - State Council = Central People's Government (constitutionally since 1954)
Categories:- Government of the People's Republic of China
- Economy of the People's Republic of China
- Banking in China
- Financial regulatory authorities
- Government stubs
- People's Republic of China stubs
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