China Banking Regulatory Commission
| 中国银行业监督管理委员会 | |
 | |
| Agency overview | |
|---|---|
| Jurisdiction | National |
| Headquarters | Beijing |
| Agency executive |
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| 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.
Active in developing policies to promote financial inclusion, the Bank is a member of the Alliance for Financial Inclusion.[1]
See also
References
- ↑ "AFI members". AFI Global. 2011-10-10. Retrieved 2012-02-23.
External links
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