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China Banking and Insurance Regulatory Commission

中国银行保险监督管理委员会
Agency overview
Formed	8 April 2018 (2018-04-08)
Preceding agencies	China Banking Regulatory Commission China Insurance Regulatory Commission
Dissolved	March 2023
Superseding agency	National Administration of Financial Regulation
Jurisdiction	People's Republic of China
Headquarters	Beijing, People's Republic of China
Agency executive	Guo Shuqing, Chairman
Parent department	State Council
Website	CBIRC.gov.cn

The China Banking and Insurance Regulatory Commission (CBIRC) was an agency of the State Council of the People's Republic of China authorised to

• Supervise the establishment and ongoing business activities of banking and insurance institutions.
• Take enforcement actions against regulatory violations.

The commission was replaced by the newly formed National Financial Regulatory Administration in May 2023.

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).

It supervised and managed China's banking and insurance sectors, participated in the drafting of legislation and regulation relevant to those sectors, performed supervisory and management functions in those sectors, and conducting studies on the management of those sectors. As a result of these functions, it was also involved in regulating fintech and data security and privacy issues.

It was abolished in March 2023 as part of a plan to overhaul government agencies, being replaced by the National Administration of Financial Regulation.

See also

• History of banking in China
• List of financial regulatory authorities by jurisdiction

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. Archived from the original on 2019-07-30. Retrieved 2018-08-29.
3. ^ Zhang, Angela Huyue (2024). High Wire: How China Regulates Big Tech and Governs Its Economy. Oxford University Press. ISBN 9780197682258.
4. "China Orders Biggest Regulatory Revamp in Decades With Eye on US". Bloomberg.com. 7 March 2023. Retrieved 7 March 2023.

v t e Banking in China
Banking in China History of banking in China
Central bank	People's Bank
Policy bank	Agricultural Development Development Export–Import
State Council commercial	Agricultural CITIC China Communications Construction Everbright Industrial and Commercial Merchants Postal Savings
Nationwide commercial	Bohai Guangfa Huaxia Industrial Minsheng Ping An Shanghai Pudong Development Zheshang
Urban commercial	Beijing Dalian Hangzhou Harbin Jiangsu Jilin Nanjing Ningbo Qingdao Shanghai Taian Taizhou Tianjin Tibet Shengjing Xiamen International
Regulatory agency	National Administration of Financial Regulation
List of banks in China List of banks in Hong Kong List of banks in Macau

v t e Insurance industry in China
Companies	AIA Group Anbang Bank of China Insurance China Export & Credit Insurance Corporation (SINOSURE) China Re China Taiping China Life Insurance China Pacific Insurance China United SME Guarantee Corporation FTLife HSBC Insurance (Asia Pacific) Huaxia Life Insurance Manulife Minsheng Life Insurance New China Life Insurance People's Insurance Company of China PICC Property and Casualty Ping An Insurance Prudential plc Sun Life Financial Taikang Life Tianan Insurance Tokio Marine Nichido Union Insurance Society of Canton
Regulatory Authority	National Administration of Financial Regulation China Banking and Insurance Regulatory Commission China Insurance Regulatory Commission
See also: Category:Insurance companies of China List of insurance companies in Hong Kong

v t e State Council of the People's Republic of China
Incumbent (14th): Li Qiang Cabinet
State Council	Members Executive meeting Premier Vice Premiers State Councilors Secretary-General Ministers in charge of ministries/commissions Auditor-General Departments Foreign Defense Development Education Science Industry and Information Tech Ethnic Public Security State Security Civil Justice Finance Human Resources and Social Security Natural Resources Ecology and Environment Housing Transport Water Agriculture Commerce Culture and Tourism Health Veterans Emergency People's Bank Audit Office
Agencies	General Office Secretary-General Deputy Secretaries-General Special State Assets Affiliated Customs Taxation Market Regulation Anti-Monopoly Standardization Cert. & Accred. Financial Regulation Securities Radio and TV Sport Complaints & Proposals Statistics Intellectual Property International Development Healthcare Security Counsellors Government Offices Press and Publication Religious Offices Research Hong Kong and Macao Overseas Chinese Taiwan Cyberspace Information Institutions Xinhua News Agency Development Research China Media Group Meteorology Academies Sciences Engineering Social Sciences Governance (a.k.a. ☭ Central Party School)
Bureaus	Food and Strategic Reserves Energy Data Defense Industry Tobacco Immigration Forestry and Grassland Railway Civil Aviation Post Cultural Heritage Traditional Medicine Disease Control Mine Safety Fire & Rescue Foreign Exchange Medical Products State Secrets National Archives (a.k.a. ☭ Central Archives) Civil Service Cryptography
State Council = Central People's Government (constitutionally since 1954) ☭ denotes name reserved by Communist Party agencies.

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