China's banking regulator is the China Banking Regulatory Commission. According to the regulations, the main responsibilities of the CBRC include on-site and off-site supervision of banking financial institutions, investigation and punishment of illegal acts according to law, and approval of the establishment, alteration, termination and business scope of banking financial institutions and their branches.
The main responsibilities and supervision measures of the supervision department of financial institutions are as follows:
I. China Banking Regulatory Commission (hereinafter referred to as "China Banking Regulatory Commission"):
1. To formulate and promulgate rules and regulations for the supervision and management of banking financial institutions and their business activities in accordance with laws and administrative regulations;
2. To examine and approve the establishment, alteration, termination and business scope of banking financial institutions in accordance with the conditions and procedures prescribed by laws and administrative regulations;
3. Managing the qualifications of directors and senior managers of banking financial institutions;
4. Formulating prudent operating rules of banking financial institutions in accordance with laws and administrative regulations;
5. Conduct off-site supervision on the business activities and risk status of banking financial institutions, establish a supervision and management information system for banking financial institutions, and analyze and evaluate the risk status of banking financial institutions;
Two. China Insurance Regulatory Commission (hereinafter referred to as "China Insurance Regulatory Commission"):
1. Formulate policies and policies for the development of the insurance industry, and formulate industry development strategies and plans; Drafting insurance supervision laws and regulations; Formulate industry regulations.
2. To examine and approve the establishment of insurance companies and their branches, insurance group companies and insurance holding companies; To examine and approve the establishment of insurance asset management companies in conjunction with relevant departments; Examining and approving the establishment of representative offices of overseas insurance institutions; To examine and approve the establishment of insurance agencies, insurance brokerage companies, insurance assessment companies and other insurance intermediaries and their branches; Examining and approving domestic insurance institutions and non-insurance institutions to set up insurance institutions overseas; To examine and approve the merger, division, change and dissolution of insurance institutions, decide to take over and designate acceptance; Participate in and organize the bankruptcy liquidation of insurance companies.
3, review and identify the qualifications of senior managers of various insurance institutions; Formulate basic qualification standards for insurance practitioners.
4. To examine and approve the insurance clauses and premium rates of insurance products related to social public interests, insurance products subject to compulsory insurance according to law and newly developed life insurance products, and manage the insurance clauses and premium rates of other insurance products filed.
5. Supervise the solvency and market behavior of insurance companies according to law; Responsible for the management of the insurance guarantee fund and supervise the insurance deposit; According to the law and the national policy on the use of insurance funds, formulate relevant rules and regulations and supervise the use of funds by insurance companies according to law.
To sum up, the banking regulatory body in China is the China Banking Regulatory Commission. According to the regulations, the main responsibilities of the CBRC include on-site and off-site supervision of banking financial institutions, investigation and punishment of illegal acts according to law, and approval of the establishment, alteration, termination and business scope of banking financial institutions and their branches.
Legal basis:
Article 29 of the Measures for the Administration of Stock Exchanges
The Board of Supervisors is the supervisory body of the stock exchange and exercises the following functions and powers:
Check the financial affairs of the stock exchange;
(two) to check the use and management of the risk fund of the stock exchange;
(3) Supervising the directors or directors and senior managers of stock exchanges to perform their duties.
(4) To supervise the stock exchange's compliance with laws, administrative regulations, departmental rules and the articles of association, agreements, business rules and risk prevention and control of the stock exchange;
(five) when the behavior of directors or directors or senior managers harms the interests of the stock exchange, ask the directors or directors or senior managers to correct it;
(6) Proposing to convene an interim general meeting of members or a general meeting of shareholders;
(7) Proposing that the membership stock exchange convene an interim council;
(eight) to put forward proposals to the general meeting of members or shareholders;
(9) Other functions and powers granted by the general meeting of members or shareholders and stipulated in the articles of association of the stock exchange.