China Banking and Insurance Regulatory Commission
Chinese regulatory agency
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- Guo Shuqing, Chairman
The China Banking and Insurance Regulatory Commission (CBIRC) was an agency of the State Council of the People's Republic of China authorised to[1]
- Supervise the establishment and ongoing business activities of banking and insurance institutions.
- Take enforcement actions against regulatory violations.
History
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]
It was abolished in March 2023 as part of a plan to overhaul government agencies, being replaced by the National Administration of Financial Regulation.[3]
See also
References
- ^ "Practical Law UK Signon". uk.practicallaw.thomsonreuters.com. Retrieved 2018-08-29.
- ^ "China Banking and Insurance Regulatory Commission officially unveiled". www.cbirc.gov.cn. Archived from the original on 2019-07-30. Retrieved 2018-08-29.
- ^ "China Orders Biggest Regulatory Revamp in Decades With Eye on US". Bloomberg.com. 7 March 2023. Retrieved 7 March 2023.
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