China Banking Insurance Regulatory Commission Replaces CBRC and CIRC

The notice concerns the supervision and management departments of financing guarantee companies in all provinces, autonomous regions, and municipalities that are directly under the Central Government, various banking regulatory bureaus, policy banks, large banks, joint-stock banks, postal savings banks, foreign-funded banks, financial asset management companies, and other financial institutions. The attachments to the notice contain form and completion instructions for Business License for Financing Guarantee Business of the People's Republic of China. The notice, which came into effect on April 02, 2018, covers the following:

• Measures for the Administration of Financial Guarantee Business Licenses
• Measures for the Financial Guarantee Liability Balance Calculations
• Measures for Financial Guarantee Company Asset Ratio Management
• Guidelines for Business Cooperation between Banking Financial Institutions and Financing Guarantee Companies
  

Related Links (in Chinese)

• Notice on CBIRC Launch
• CBIRC Website (Note the CBRC English abbreviation used in URL)
• Notice on Financing Guarantee Companies
• Attachment 1 (DOC)
• Attachment 2 (DOC)

Effective Date: April 02, 2018

Keywords: Asia Pacific, China, Banking, Securities, Financial Guarantee Companies, CBRC, CIRC, CBIRC