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    CBIRC Issues Workplan, Measures to Evaluate Senior Executives of Banks

    May 31, 2021

    CBIRC published measures and questions and answers (Q&A) on measures for evaluation of directors and supervisors of banking and insurance institutions, with these measures coming into effect on July 01, 2021. CBIRC also published the regulatory and legislative workplan for 2021, wherein the regulator plans to formulate or revise 19 rules and regulations.

    According to the workplan for 2021, CBIRC intends to either formulate or revise the following rules and regulations:

    • Interim measures for the administration of fixed assets loans, interim measures for the administration of working capital loans, and interim measures for the administration of personal loans (revision)
    • Administrative measures for the custody business of commercial banks
    • Administrative measures for internal control of wealth management companies
    • Interim provisions on the management of insurance asset management companies (revision)
    • Insurance sales management measures
    • Administrative measures for banking and insurance supervision statistics
    • Administrative measures for consumer suitability of banking and insurance institutions
    • Regulations on the regulatory responsibilities of dispatched institutions of CBIRC
    • Decision of CBIRC on amending some administrative licensing rules (revision)
    • Implementation measures for administrative licensing matters of policy financial institutions
    • Measures for the capital management of financial asset investment companies (for trial implementation)
    • Interim measures for the administration of online small loan companies
    • Measures for the supervision and administration of small loan companies
    • Interim measures for the supervision and administration of local asset management companies
    • Measures for the supervision and management of pawn shops
    • Administrative measures for enterprise group finance companies
    • Administrative measures for auto finance companies (revision)
    • Administrative measures for the protection of consumer rights and interests of banking and insurance institutions
    • Commercial bank service price management measures (revision)

     

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    Effective Date: July 01, 2021

    Keywords: Asia Pacific, China, Banking, Insurance, Q&A, Governance, Workplan, Strategic Priorities, CBIRC

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