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About the CBRC
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The main functions of the CBRC
    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;
    Responsible for the administration of the supervisory boards of the major State-owned banking institutions; and Other functions delegated by the State Council;

The supervisory focuses of the CBRC
    Conduct consolidated supervision to assess, monitor and mitigate the overall risks of each banking institution as a legal entity;
    Stay focused on risk-based supervision and improvement of supervisory process and methods;
    Urge banks to put in place and maintain a system of internal controls:
    enhance supervisory transparency in line with international standards and practices。

The regulatory objectives of the CBRC
    a. Protect the interests of depositors and consumers through prudential and effective supervision;
    b. Maintain market confidence through prudential and effective supervision;
    c. Enhance public knowledge of modern finance though customer education and information disclosure;
    d. Combat financial crimes.

The supervisory and regulatory criteria of the CBRC
    a. Promote the financial stability and facilitate financial innovation at the same time;
    b. Enhance the international competitiveness of the Chinese banking sector;
    c. Set appropriate supervisory and regulatory boundaries and refrain from unnecessary controls;
    d. Encourage fair and orderly competition;
    e. Clearly define the accountability of both the supervisor and the supervised institutions; and
    f. Employ supervisory resources in an efficient and cost-effective manner.

Copyright: China Banking Regulatory Commission
ADDR:Jia N0.15 Financial Street, Xicheng District, Beijing, 100800

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