New commission regulates Chinese banks

The China Banking Regulatory Commission began operations on Monday 28 Apriland will take over the supervisory role of the People's Bank of China.

Source: Asia Times Online

The China Banking Regulatory Commission (CBRC), the new regulator for the country's banking industry, officially began functioning on Monday.

A plenary session of the National People's Congress in March passed the proposal to set up a separate organisation, the CBRC, to take over the supervisory role of the People's Bank of Ch

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