China Banking Regulatory Commission (CBRC) *
| Chair: | Liu Mingkang |
| Vice Chairs: | Jiang Dingzhi Cai E'Sheng Guo Ligen Wang Zhaoxing |
| Address: | Jia 15 Financial Street, Xicheng District, Beijing 100800 |
| Telephone: | 86-10-6627-9752 |
| Facsimile: | 86-10-6551-7664 |
| Website: | www.cbrc.gov.cn |
| Departments: | General Office; Supervisory Rules and Regulations; Banking Supervision I, II, and III; Non-Bank Financial Institutions Supervision; Cooperative Finance Supervision; Statistics; Accounting; International; Staff Compliance; Human Resources; Publicity; Supervisory Boards; Information Center; Training Center; Staff Service Center |
CBRC was established in March 2003 to oversee the banking sector as an independent, ministry-level supervisory office reporting directly to the State Council. CBRC is largely composed of bank supervision departments that previously reported to the People's Bank of China (PBOC). CBRC also absorbed elements of the former Central Finance Work Committee.
The separation of banking supervision from the central bank's broader macro-economic management responsibilities is a significant step in the reform of China's troubled state banking industry. The commission's formation further represents an attempt to raise the efficiency and transparency of China's banking sector while it is still partially protected.
One key task of the CBRC is the enforcement of supervision requirements to push the big four banks to reach a quality level that allows more uniform enforcement of capital adequacy ratios and other regulatory requirements. CBRC supervises risk mitigation policies to bring down the nonperforming loan (NPL) ratio of China's big four state banks and works to strengthen credit-risk management and internal audit controls within the banking sector. CBRC is also responsible for supervising China's asset management companies that were created in 1999 to help resolve state banks' NPLs.
The separation and elevation of banking supervision into CBRC in itself will not directly address the underlying problems confronting China's banking sector. The most significant change is the drawing of a line between monetary policy and banking supervision. In the past, PBOC could require state banks to purchase government bonds at PBOC-determined interest rates or make specific loans to implement PBOC monetary policy goals. The move to shift banks out from PBOC supervision could allow the banks to operate on more commercial terms as interest rates are further liberalized. Still, personnel appointments to China's major banks and financial holding companies rest with the central CCP, above CBRC authority.
CBRC has a total of 14 departments with roughly 400 staff. CBRC's key bank supervision departments were transported wholesale from PBOC with the following responsibilities:
| Department | Responsibilities |
| Bank Supervision Department I | State-owned banks |
| Bank Supervision Department II | Cooperative shareholding banks |
| Bank Supervision Department III | All other banks and new entrants |
| Non-Bank Supervision Department | Trust and financial services companies |
| Cooperative Department | Rural credit cooperatives |
Return to PART VI: State Council Directly Administered Offices