China Banking Sector Regulatory Commission (CBSRC) to be established this week


A source at the China Banking Sector Regulatory Commission (CBSRC) revealed that the commission will declare its establishment this week.

The commission, with 16 subordinate departments, will replace the People's Bank of China, the central bank, to supervise China's banking sector. The commission will organise the State-owned Bank Department, the Shareholding Banking Department, the Rural Finance Department, the Non-banking Financial Institution Department and the International Department to implement regulation over China's financial sector. Meanwhile, the People's Bank of China has adjusted its organisational structure. The commission will also establish ten rear service departments, including the General Office, the Legal Affairs Department, the Statistics Department, the Internal Supervision Department and the Personnel Department.



All news and features older than 7 days are subscription only. This article is from the archive. Archived articles could only be accessed with the subscription. If you are a subscriber please log in, alternatively you need to purchase a subscription to view the full content for this page.