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Which regulatory agency is responsible for the approval of financial leasing and commercial factoring?
1. Financial leasing companies, commercial factoring companies and pawnshop companies will be supervised by the Commercial Committee before 20 18;

After 2.201May 4 18, the Banking Insurance Regulatory Commission will be responsible for supervision and management, including the approval procedures for establishment and change;

3. On May 8, 2023, the Insurance Regulatory Commission of the Bank of China was abolished and the State Financial Supervision Administration was established.

Therefore, at present, financial leasing companies, commercial factoring companies, pawn shops, small loan companies, financing guarantee companies and insurance intermediaries.

Companies and many other financial organizations are regulated by the State Financial Supervision Administration.