Office of CBRC set to open in Shanghai

The China Banking Regulatory Commission will open a Shanghai Bureau this week. The CBRC's Shanghai bureau will take over the supervision of the city's banking industry from the local branch of the People's Bank of China, the central bank.

Source: China Daily

The China Banking Regulatory Commission Shanghai Bureau is scheduled to be set up officially within this week and it will supervise the city's banking sector, a role currently done by the central bank's local branch.

"The CBRC's local office

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