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Scope of responsibilities of the China Banking and Insurance Regulatory Commission

The China Banking and Insurance Regulatory Commission should refer to the China Banking and Insurance Regulatory Commission, and its correct abbreviation should refer to the "China Banking and Insurance Regulatory Commission" or "Banking and Insurance Regulatory Commission". The main responsibilities of the China Banking and Insurance Regulatory Commission are to conduct unified supervision and management of the banking and insurance industries in accordance with my country's laws and regulations; to enable the banking and insurance industries to operate legally and steadily; to prevent and resolve financial risks, and to protect the legitimate rights and interests of financial consumers. Maintain the stability of my country's financial order.

The following are some of the specific responsibilities of the China Banking and Insurance Regulatory Commission:

(1) Provide unified supervision and management of the banking and insurance industries across the country to ensure their stable operation. Implement vertical leadership for dispatched agencies.

(2) For banks or insurance companies that have violated laws and regulations, the China Banking and Insurance Regulatory Commission will investigate and deal with them in accordance with the law.

(3) Implement access management for the organizational structure and business scope of the banking and insurance industries, and review the qualifications of senior managers. Formulate behavioral management regulations for employees in the banking and insurance industries.

(4) Uniformly prepare national banking and insurance regulatory data reports and publish them in accordance with relevant national regulations.

(5) Establish a risk monitoring, evaluation and early warning system for my country's banking and insurance industries, track and analyze the operating conditions of the banking and insurance industries, and achieve timely monitoring and prediction.

(6) Crack down on illegal financial activities and be responsible for the identification, investigation and banning of illegal fund-raising, as well as the coordination of relevant organizations.

Formulate implementation details and regulations on banking and insurance industry regulatory regulations and systems, and supervise the implementation of relevant laws and regulations within the jurisdiction. Implement access management for relevant banking and insurance institutions and their business scope, and review the qualifications of senior managers. Conduct on-site inspections and off-site supervision of relevant banking and insurance institutions, conduct risk and compliance assessments, protect the rights and interests of financial consumers, and investigate and deal with violations of laws and regulations in accordance with the law.