China Banking and Insurance Regulatory Commission

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.
China Banking and Insurance Regulatory Commission
中国银行保险监督管理委员会
Agency overview
Formed8 April 2018 (2018-04-08)
Preceding agencies
DissolvedMarch 2023
Superseding agency
JurisdictionPeople's Republic of China
HeadquartersBeijing, People's Republic of China
Agency executive
Parent departmentState Council
WebsiteCBIRC.gov.cn

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]

References
  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.
  3. "China Orders Biggest Regulatory Revamp in Decades With Eye on US". Bloomberg.com. 7 March 2023. Retrieved 7 March 2023.
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