China Banking and Insurance Regulatory Commission

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China Banking and Insurance Regulatory Commission
中国银行保险监督管理委员会
National Emblem of the People's Republic of China.svg
Agency overview
Formed8 April 2018 (2018-04-08)
JurisdictionPeople's Republic of China
HeadquartersBeijing, People's Republic of China
Agency executive
Parent departmentState Council
Websitewww.cbirc.gov.cn

The China Banking and Insurance Regulatory Commission (CBIRC) is an agency of the People's Republic of China (PRC) authorised by the State Council to[1]

  • Supervise the establishment and ongoing business activities of banking and insurance institutions.
  • Take enforcement actions against regulatory violations.

The CBIRC was established in April 2018 by a merger of China's banking and insurance regulators, namely, the China Banking Regulatory Commission (CBRC) and China Insurance Regulatory Commission (CIRC).[2]

References[edit]

  1. ^ "Practical Law UK Signon". uk.practicallaw.thomsonreuters.com. Retrieved 2018-08-29.
  2. ^ "China Banking and Insurance Regulatory Commission officially unveiled". www.cbirc.gov.cn. Retrieved 2018-08-29.