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China Banking Regulatory Commission
The China Banking Regulatory Commission (CBRC) was an agency of the People's Republic of China (PRC) authorised by the State Council of the People's Republic of China, State Council to regulate the Chinese banking sector, banking sector of the PRC except the territories of Hong Kong and Macau, both of which are Special administrative regions of China, special administrative regions. History In response to their swelling debt loads, undercapitalization and non-transparent business practices, the government of China recapitalized the banks and set up the CBRC as the country's independent banking regulator in 2003. Liu Mingkang was appointed its first chairman and served until 2011, when he was replaced by Shang Fulin. In 2017, Shang was replaced by Guo Shuqing as the new chairman. Active in developing policies to promote financial inclusion, the Bank is a member of the Alliance for Financial Inclusion. In April 2018, as part of the deepening the reform of the Party and state i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Beijing
Beijing, Chinese postal romanization, previously romanized as Peking, is the capital city of China. With more than 22 million residents, it is the world's List of national capitals by population, most populous national capital city as well as China's List of cities in China by population, second largest city by urban area after Shanghai. It is located in North China, Northern China, and is governed as a Direct-administered municipalities of China, municipality under the direct administration of the Government of the People's Republic of China, State Council with List of administrative divisions of Beijing, 16 urban, suburban, and rural districts.Figures based on 2006 statistics published in 2007 National Statistical Yearbook of China and available online at archive. Retrieved 21 April 2009. Beijing is mostly surrounded by Hebei Province and neighbors Tianjin to the southeast; together, the three divisions form the Jing-Jin-Ji, Jing-Jin-Ji cluster. Beijing is a global city and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China Banking And Insurance Regulatory Commission
The China Banking and Insurance Regulatory Commission (CBIRC) was an agency of the State Council 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 as part of the deepening the reform of the Party and state institutions 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 inv ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Agencies Of China
A government is the system or group of people governing an organized community, generally a state. In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government is a means by which organizational policies are enforced, as well as a mechanism for determining policy. In many countries, the government has a kind of constitution, a statement of its governing principles and philosophy. While all types of organizations have governance, the term ''government'' is often used more specifically to refer to the approximately 200 independent national governments and subsidiary organizations. The main types of modern political systems recognized are democracies, totalitarian regimes, and, sitting between these two, authoritarian regimes with a variety of hybrid regimes. Modern classification systems also include monarchies as a standalone entity or as a hybrid system of the main three. Historically prevalent for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Agencies Established In 2003
A government is the system or group of people governing an organized community, generally a state. In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government is a means by which organizational policies are enforced, as well as a mechanism for determining policy. In many countries, the government has a kind of constitution, a statement of its governing principles and philosophy. While all types of organizations have governance, the term ''government'' is often used more specifically to refer to the approximately 200 independent national governments and subsidiary organizations. The main types of modern political systems recognized are democracies, totalitarian regimes, and, sitting between these two, authoritarian regimes with a variety of hybrid regimes. Modern classification systems also include monarchies as a standalone entity or as a hybrid system of the main three. Historically prevalent ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Regulatory Authorities Of China
Finance refers to monetary resources and to the study and discipline of money, currency, assets and liabilities. As a subject of study, is a field of Business Administration wich study the planning, organizing, leading, and controlling of an organization's resources to achieve its goals. Based on the scope of financial activities in financial systems, the discipline can be divided into personal, corporate, and public finance. In these financial systems, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. Due to its wide scope, a broad range of subfields exists within finance. Asset-, money-, risk- and investment management aim to maximize value and minimize volatility. Financial analysis assesses the viability, stability, and pr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banking In China
China's banking sector had () in assets at the end of 2023. The " Big Four" state-owned commercial banks are the Bank of China, the China Construction Bank, the Industrial and Commercial Bank of China, and the Agricultural Bank of China, all of which are among the largest banks in the world . Other notable big and also the largest banks in the world are China Merchants Bank and Ping An Bank. History Supervisory bodies The People's Bank of China (PBOC) is China's central bank, which formulates and implements monetary policy. The PBOC maintains the banking sector's payment, clearing and settlement systems, and manages official foreign exchange and gold reserves. It oversees the State Administration of Foreign Exchange (SAFE) for setting foreign-exchange policies. According to the 1995 Central Bank law, PBOC has full autonomy in applying the monetary instruments, including setting interest rate for commercial banks and trading in government bonds. The State Co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2003 Establishments In China
3 (three) is a number, numeral and digit. It is the natural number following 2 and preceding 4, and is the smallest odd prime number and the only prime preceding a square number. It has religious and cultural significance in many societies. Evolution of the Arabic digit The use of three lines to denote the number 3 occurred in many writing systems, including some (like Roman and Chinese numerals) that are still in use. That was also the original representation of 3 in the Brahmic (Indian) numerical notation, its earliest forms aligned vertically. However, during the Gupta Empire the sign was modified by the addition of a curve on each line. The Nāgarī script rotated the lines clockwise, so they appeared horizontally, and ended each line with a short downward stroke on the right. In cursive script, the three strokes were eventually connected to form a glyph resembling a with an additional stroke at the bottom: ३. The Indian digits spread to the Caliphate in the 9th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Financial Regulatory Authorities By Jurisdiction
In this list of financial regulatory and supervisory authorities, central banks are only listed where they act as direct supervisors of individual financial firms, and competition authorities and takeover panels are not listed unless they are set up exclusively for financial services. Financial intelligence units and policy banks are not listed, unless they also have a financial supervisory mandate. List of current authorities Authorities by sovereign states Others authorities by sovereign states and dependencies Extinct financial regulatory authorities Only those former authorities with a dedicated Wikipedia article are listed here. * Belgian Banking Commission (1935–2011) * (SBIF, 1925–2019), (SAFP, 1980–2008) and (SVS, 1980–2018) * China Banking Regulatory Commission (2003–2018), China Insurance Regulatory Commission (2003–2018), China Banking and Insurance Regulatory Commission (2018–2023), and Financial Stability and Development Committee ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China Securities Journal
The ''China Securities Journal'' (abbreviated as CSJ or ZGZQB), also transliterated as ''China Securities Post'' or ''China Securities News'', is a national securities newspaper in China, published by Xinhua News Agency. It is based in Beijing, and has two offices in Shanghai and Shenzhen. It is one of the most important publications in the financial field. In October 1992, ''China Securities Journal'' was published on a trial basis and was officially launched on January 3, 1993. It is designated by the China Securities Regulatory Commission, the China Banking Regulatory Commission and China Insurance Regulatory Commission to disclose information on listed companies, insurance companies and trust companies. Positioned as an investment adviser, ''China Securities Journal'' has a commitment to providing investors with guidance for investment choice. The editorial purpose of the newspaper is to report policies on the national economy, finance and securities, to disseminate inform ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China Insurance Regulatory Commission
The China Insurance Regulatory Commission (CIRC) was an agency of China authorized by the State Council to regulate the Chinese insurance products and services market and maintain legal and stable operations of insurance industry. History It was founded on November 18, 1998, upgraded from a semi-ministerial to a ministerial institution in 2003, and currently has 31 local offices in every province. On 17 March 2018, the 13th National People's Congress announced a plan to overhaul China's financial regulatory system as part of the deepening the reform of the Party and state institutions. The China Insurance Regulatory Commission (CIRC), and the banking regulator, the China Banking Regulatory Commission (CBRC), were merged into the China Banking and Insurance Regulatory Commission (CBIRC) with an aim to resolve problems such as unclear responsibilities and cross-regulation. The CBIRC was officially established on 8 April 2018. Functions The main functions of the CIRC were: ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Guo Shuqing
Guo Shuqing (; born 23 July 1956) is a Chinese politician, banker, and financial regulator. He is the chairman of the China Banking and Insurance Regulatory Commission. Guo spent most of his career in the finance industry. He was the Governor and Deputy Party Secretary of Shandong province, chairman of the China Securities Regulatory Commission (CSRC), chairman of China Construction Bank, chairman of the State Administration of Foreign Exchange, vice-governor of the People's Bank of China and vice-governor of Guizhou Province as well as the director of the State Administration of Foreign Exchange. Early life and education Guo Shuqing was born in August 1956 in Chahar Right Back Banner, Inner Mongolia Autonomous Region, near the city of Ulanqab. He is of Han Chinese background. In August 1974, he joined a farming commune in Siziwang Banner, near the regional capital Hohhot, as a laborer during the Down to the Countryside Movement. In 1978, he became part of the first batch of s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Deepening The Reform Of The Party And State Institutions
The deepening the reform of the Party and state institutions ( zh, , p=Shēnhuà dǎng hé guójiā jīgòu gǎigé, s=深化党和国家机构改革) was a large-scale reform of the institutions of the Chinese Communist Party (CCP) and the People's Republic of China China, officially the People's Republic of China (PRC), is a country in East Asia. With population of China, a population exceeding 1.4 billion, it is the list of countries by population (United Nations), second-most populous country after ... (PRC) that was initiated by the 19th Central Committee of the Chinese Communist Party, 19th CCP Central Committee in 2018. The biggest focus of this reform was to "perfect the system of upholding the overall leadership of the Party", establishing the National Supervisory Commission, and make changes to State Council of China, State Council, with the actual responsibilities of some agencies assumed by the Party organizations. In addition, the organizational structure and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
