The full name is China Banking Regulatory Commission (hereinafter referred to as: China Banking Regulatory Commission or CBRC; English: China Banking Regulatory Commission was established on April 25th, 2003, which is a ministerial organization directly under the State Council. The Banking Regulatory Bureau is its branch. According to the authorization of the State Council, we shall uniformly supervise and manage banks, financial asset management companies, trust and investment companies and other deposit-taking financial institutions, and safeguard the lawful and steady operation of the banking industry. The CBRC system has four levels of institutions in China, among which, the CBRC is located in Beijing Financial Street and has 27 departments. In addition to institutions, the CBRC has 36 banking bureaus in the capital cities of 365,438+0 provinces (autonomous regions and municipalities directly under the Central Government) and five cities with separate plans, such as Dalian, Ningbo, Xiamen, Qingdao and Shenzhen, and in 306 regions (prefecture-level cities, autonomous prefectures and leagues) and 65,438+0,730 counties (county-level cities, autonomous counties and leagues) In 20 18, CBRC and CIRC merged for short. The significance of the merger is positive, and the most direct influence is that it can unify the regulatory standards, reduce the communication cost and put an end to regulatory arbitrage. It is also in line with the call for the merger or alliance of the three parties in recent years. The functions of the Banking and Insurance Regulatory Commission of China are: 1, to supervise and manage the banking and insurance industry in the whole country in a unified way; 2. Carry out systematic research on the reform, opening up and supervision of the banking and insurance industry; 3. Formulating rules to supervise banking and insurance activities; 4, responsible for the preparation of the national banking and insurance regulatory data report; 5. Establish a risk monitoring, assessment and early warning system for the banking and insurance industries; 6, responsible for the identification, investigation and suppression of illegal fund-raising and related organization and coordination; 7. Participate in the formulation of international banking and insurance organizations and international regulatory rules; 8. Complete other tasks assigned by the CPC Central Committee and the State Council.