The China Banking Regulatory Commission (CBRC) is an agency of China authorized by the State Council to regulate the Chinese banking sector.

Main functions

• Formulate supervisory rules and regulations governing the banking institutions;
• Authorize 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.

See also

• China Securities Journal

External links

• Official website