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China Banking Regulatory Commission
The China Banking Regulatory Commission (CBRC) was an agency of the People's Republic of China (PRC) authorised by the State Council to regulate the banking sector of the PRC except the territories of Hong Kong and Macau, both of which are special administrative regions. In response to their swelling debt loads, undercapitalization and non-transparent business practices, the government of China recapitalized the banks and set up the CBRC as the country's independent banking regulator in 2003. Liu Mingkang was appointed its first chairman and served until 2011, when he was replaced by Shang Fulin. In 2017, Shang was replaced by Guo Shuqing as the new chairman. Active in developing policies to promote financial inclusion, the Bank is a member of the Alliance for Financial Inclusion. In April 2018, the China Banking Regulatory Commission was merged with the China Insurance Regulatory Commission to form the China Banking and Insurance Regulatory Commission. See also * ''China ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Beijing
} Beijing ( ; ; ), alternatively romanized as Peking ( ), is the capital of the People's Republic of China. It is the center of power and development of the country. Beijing is the world's most populous national capital city, with over 21 million residents. It has an administrative area of , the third in the country after Guangzhou and Shanghai. It is located in Northern China, and is governed as a municipality under the direct administration of the State Council with 16 urban, suburban, and rural districts.Figures based on 2006 statistics published in 2007 National Statistical Yearbook of China and available online at archive. Retrieved 21 April 2009. Beijing is mostly surrounded by Hebei Province with the exception of neighboring Tianjin to the southeast; together, the three divisions form the Jingjinji megalopolis and the national capital region of China. Beijing is a global city and one of the world's leading centres for culture, diplomacy, politics, finance, busi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China Insurance Regulatory Commission
The China Insurance Regulatory Commission (CIRC) was an agency of China authorized by the State Council to regulate the Chinese insurance products and services market and maintain legal and stable operations of insurance industry. It was founded on November 18, 1998, upgraded from a semi-ministerial to a ministerial institution in 2003, and currently has 31 local offices in every province. On 17 March 2018, the 13th National People's Congress announced a plan to overhaul China's financial regulatory system. The China Insurance Regulatory Commission (CIRC), and the banking regulator, the China Banking Regulatory Commission (CBRC), were merged into the China Banking and Insurance Regulatory Commission (CBIRC) with an aim to resolve problems such as unclear responsibilities and cross-regulation. The CBIRC was officially established on 8 April 2018. Functions The main functions of the CIRC were: Structure Internal Setup of the CIRC is: *General Office *Development and Reform Depar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Agencies Established In 2003
A government is the system or group of people governing an organized community, generally a State (polity), state. In the case of its broad associative definition, government normally consists of legislature, Executive (government), executive, and judiciary. Government is a means by which organizational policies are enforced, as well as a mechanism for determining policy. In many countries, the government has a kind of constitution, a statement of its governing principles and philosophy. While all types of organizations have governance, the term ''government'' is often used more specifically to refer to the approximately 200 List of sovereign states, independent national governments and Governmental organization, subsidiary organizations. The major types of political systems in the modern era are democracies, monarchies, and authoritarian and totalitarian regimes. Historically prevalent forms of government include monarchy, aristocracy, timocracy, oligarchy, democracy ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Regulatory Authorities Of China
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability assessmen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banking In China
China's banking sector had () in assets at the end of 2020. The "big four/five" state-owned commercial banks are the Bank of China, the China Construction Bank, the Industrial and Commercial Bank of China, and the Agricultural Bank of China, all of which are among the largest banks in the world . The Bank of Communications is sometimes included. Other notable big and also the largest banks in the world are China Merchants Bank and Ping An Bank. History Chinese financial institutions conducted all major banking functions, including the acceptance of deposits, the making of loans, issuing notes, money exchange, and long-distance remittance of money by the Song Dynasty (960-1279). In 1024, the first paper currency was issued by the state in Sichuan. The two major types of indigenous Chinese financial institutions, () and (), more often cooperated than competed in China's financial market. Due to structural weaknesses of traditional Chinese law, Chinese financial instituti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2003 Establishments In China
3 (three) is a number, numeral and digit. It is the natural number following 2 and preceding 4, and is the smallest odd prime number and the only prime preceding a square number. It has religious or cultural significance in many societies. Evolution of the Arabic digit The use of three lines to denote the number 3 occurred in many writing systems, including some (like Roman and Chinese numerals) that are still in use. That was also the original representation of 3 in the Brahmic (Indian) numerical notation, its earliest forms aligned vertically. However, during the Gupta Empire the sign was modified by the addition of a curve on each line. The Nāgarī script rotated the lines clockwise, so they appeared horizontally, and ended each line with a short downward stroke on the right. In cursive script, the three strokes were eventually connected to form a glyph resembling a with an additional stroke at the bottom: ३. The Indian digits spread to the Caliphate in the 9th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China Securities Journal
The ''China Securities Journal'' (abbreviated as CSJ or ZGZQB), also transliterated as ''China Securities Post'' or ''China Securities News'', is a national securities newspaper in China, published by Xinhua News Agency. It is based in Beijing, and has two offices in Shanghai and Shenzhen. It is one of the most important publications in the financial field. In October 1992, ''China Securities Journal'' was published on a trial basis and was officially launched on January 3, 1993. It is designated by the China Securities Regulatory Commission, the China Banking Regulatory Commission and China Insurance Regulatory Commission to disclose information on listed companies, insurance companies and trust companies. Positioned as an investment adviser, ''China Securities Journal'' has a commitment to providing investors with guidance for investment choice. The editorial purpose of the newspaper is to report policies on the national economy, finance and securities, to disseminate inform ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China Banking And Insurance Regulatory Commission
The China Banking and Insurance Regulatory Commission (CBIRC) is an agency of the People's Republic of China (PRC) authorised by the State Council to * Supervise the establishment and ongoing business activities of banking and insurance institutions. * Take enforcement actions against regulatory violations. The CBIRC was established in April 2018 by a merger of China's banking and insurance regulators, namely, the China Banking Regulatory Commission (CBRC) and China Insurance Regulatory Commission The China Insurance Regulatory Commission (CIRC) was an agency of China authorized by the State Council to regulate the Chinese insurance products and services market and maintain legal and stable operations of insurance industry. It was founded o ... (CIRC). References Government agencies of China Financial regulatory authorities of China Banking in China Insurance in China Government agencies established in 2018 2018 establishments in China Regulation in China Organiz ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Inclusion
Financial inclusion is defined as the availability and equality of opportunities to access financial services. It refers to a process by which individuals and businesses can access appropriate, affordable, and timely financial products and services. These include banking, loan, equity, and insurance products. Financial inclusion efforts typically target those who are unbanked and underbanked, and directs sustainable financial services to them. Financial inclusion is understood to go beyond merely opening a bank account. It is possible for banked individuals to be excluded from financial services. Having more inclusive financial systems has been linked to stronger and more sustainable economic growth and development and thus achieving financial inclusion has become a priority for many countries across the globe. In 2018, it was estimated that about 1.7 billion adults lacked a bank account. Among those who are un-banked a significant number were women and poor people in rural areas a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Guo Shuqing
Guo Shuqing (; born 23 July 1956), also spelled as Kuo Shu-ching is a Chinese politician, banker, and financial regulator. He is currently serving as the chairman of the China Banking and Insurance Regulatory Commission. Guo spent most of his career in the finance industry. He formerly served as the Governor and Deputy Party Secretary of Shandong province, chairman of the China Securities Regulatory Commission (CSRC), chairman of China Construction Bank, chairman of the State Administration of Foreign Exchange, vice-governor of the People's Bank of China and vice-governor of Guizhou Province as well as the director of the State Administration of Foreign Exchange. Early life and education Guo Shuqing was born in August 1956 in Chahar Right Back Banner, Inner Mongolia Autonomous Region, near the city of Ulanqab. He is of Han Chinese background. In August 1974, he joined a farming commune in Siziwang Banner, near the regional capital Hohhot, as a labourer during the Down to t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shang Fulin
Shang Fulin (; November 13, 1951 - ) is a politician of the People's Republic of China. He served as president of the China Securities Regulatory Commission until October, 2011, when he was appointed to lead the China Banking Regulatory Commission. Biography Shang was born in Jinan, Shandong. He served in the army from 1969 to 1973, and joined the Communist Party of China in July 1971. From 1973 to 1978, he served in Beijing Yingtaoyuan branch of People's Bank of China. Shang studied at Beijing Institute of Finance and Trade from 1978 to 1982, and he holds a Ph.D. in Finance from Southwestern University of Finance and Economics. From 1982 to 1990, he served in the general planning section of the headquarters of People's Bank of China. In 1994, he became the president assistant of the Bank, and was promoted to vice president of the Bank in April 1996, responsible for monetary policy and liquidity. In July 1997, Shang was elected a member of monetary policy commission of the Pe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Liu Mingkang
Liu Mingkang () (born August 28, 1946 in Fuzhou, Fujian) is a former Chinese politician, public servant and economist from China. He graduated from the University of London in 1987. In 1988 he received an MBA from the Cass Business School. He served as chairman of the China Banking Regulatory Commission from its creation in 2003 until he reached the retirement age of 65. During his tenure he was responsible for putting in place an effective regulatory structure which helped the Chinese banking system weather the global financial crisis and emerge relatively healthy and well capitalized. Liu told the Boao Forum for Asia in 2012 that liberalization of financial markets is "part of a package" in the latest Five-Year Plan for promoting domestic-driven growth and rebalancing exports and imports. The liberalization "is not a piecemeal approach, but part of a series of building blocks, he said", according to one report. Early life Liu grew up in Shanghai after completing high scho ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
