China Banking Regulatory Commission (CBRC), the government watchdog for the banking industry, has announced that, starting from this year, it will begin to take supervision charges on all kinds of commercial banks, policy banks, credit cooperatives, trust investment companies, finance companies, financial leasing companies, postal savings organizations, financial asset management companies and other non-banking financial organizations under its supervision.
Such charges may total 5 billion yuan (US$604.1 million) this year, the CBRC estimated, based on the paid-in capital and gross assets on December 31, 2003.
Source: Asia Pulse
