China Banking Regulatory Commission

Agency of the People's Republic of China.

http://www.cbrc.gov.cn/index.html

The China Banking Regulatory Commission (CBRC) is an agency of the People's Republic of China (PRC) authorized 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.

Key Facts
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

Who it affects
Banks in China, except those in the territories of Hong Kong and Macau.

Wikipedia Entry
http://en.wikipedia.org/wiki/China_Banking_Regulatory_Commission

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