The China Banking Regulatory Bureau (financial regulatory agency) is a national agency responsible for supervising and managing financial institutions such as the banking, insurance, and securities industries. Its main responsibilities are to maintain the stability of the financial market, protect the legitimate rights and interests of financial institutions and financial consumers, prevent and resolve financial risks, and promote the healthy development of the financial industry. This article will introduce in detail the functions and operational steps of the Banking Regulatory Bureau.

1. Functions of the Banking Regulatory Bureau

As a financial regulatory agency, the Banking Regulatory Bureau has the following main functions:

1. Supervise and manage the banking industry: The Supervision Bureau is responsible for supervising and managing financial institutions such as commercial banks, rural cooperative banks, and urban credit cooperatives. It formulates and implements regulatory policies, supervises the operating behaviors of financial institutions, and ensures their compliance operations.

2. Supervision and management of the insurance industry: The Banking Regulatory Bureau is responsible for the supervision and management of insurance companies, insurance intermediaries and other financial institutions. It reviews and approves the establishment applications of insurance companies, supervises their business activities, and protects the rights and interests of insurance consumers.

3. Supervision and management of the securities industry: The Banking Regulatory Bureau is responsible for the supervision and management of financial institutions such as securities companies and stock exchanges. It formulates and implements regulatory rules for the securities market, supervises the business activities of securities companies, and maintains fairness, justice, and openness in the securities market.

2. Operational steps of the Banking Regulatory Bureau

1. Establishing the Banking Regulatory Bureau: The establishment of the Banking Regulatory Bureau needs to be stipulated and approved in accordance with relevant laws and regulations. Usually, the national financial regulatory agency will establish a banking regulatory bureau to be responsible for the supervision of financial institutions such as the banking industry, insurance industry, and securities industry based on the needs of the national financial system.

2. Formulate regulatory policies: The Banking Regulatory Bureau formulates corresponding regulatory policies based on the development status and regulatory needs of the financial market. These policies include access conditions for financial institutions, regulations on business conduct, risk management requirements, etc. The CBRC will also revise and improve existing policies as necessary.

3. Supervise the business activities of financial institutions: The Banking Regulatory Bureau supervises the business activities of financial institutions through regulatory means. It will evaluate and inspect the financial status, operation management, risk control, etc. of financial institutions to ensure their compliance operations.

4. Handling financial risks: The Banking Regulatory Bureau is responsible for preventing and resolving financial risks. It will evaluate and supervise the risk management system of financial institutions and promptly discover and respond to potential risks. When a financial crisis or major risk event occurs, the Banking Regulatory Bureau will take corresponding measures to protect the stability of the financial market.

5. Protect the rights and interests of financial consumers: The Banking Regulatory Bureau is responsible for protecting the legitimate rights and interests of financial consumers. It will formulate and implement relevant regulations, strengthen supervision of financial products and services, and prevent inappropriate behavior by financial institutions from harming the interests of consumers. At the same time, the Banking Regulatory Bureau will also accept and handle complaints and reports from financial consumers.