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Payments, Banking Technologies, Capital Markets...
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Authorized by the State Council, in accordance with relevant laws and regulations, the China Securities Regulatory Commission (CSRC), a ministry-level unit directly under the State Council, regulates China’s securities and futures markets with an aim to ensure their orderly and legitimate operation. [ more info ]
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 [...] [ more info ]
The People’s Bank of China (PBC) was established on December 1, 1948 based on the consolidation of the Huabei Bank, the Beihai Bank and the Xibei Farmer Bank. In September 1983, the State Council decided to have the PBC function as a central bank. The Law of the People’s Republic of China on the People’s [...] [ more info ]