The financial regulatory agencies in China are the Bank of China Insurance Regulatory Commission and the China Securities Regulatory Commission. China's financial supervision institutions can be summarized as one line and three meetings, namely: China People's Bank, China Banking Regulatory Commission, China Securities Regulatory Commission and China Insurance Regulatory Commission. The People's Bank of China may supervise and manage the interbank lending market, the interbank bond market, the foreign exchange market and the gold market. China Banking Regulatory Commission (hereinafter referred to as CBRC) is authorized to conduct unified supervision and management of banks, financial asset management companies, trust and investment companies and other deposit-taking financial institutions, so as to safeguard the lawful and steady operation of the banking industry. China Securities Regulatory Commission, referred to as China Securities Regulatory Commission, is the competent department of the national securities and futures market. Perform the administrative functions authorized by the State Council, conduct centralized and unified supervision of the national securities and futures industry according to law, maintain the order of the securities market and ensure its legal operation. The Insurance Regulatory Commission of the People's Republic of China (hereinafter referred to as the China Insurance Regulatory Commission) performs the administrative functions authorized by the the State Council, implements unified supervision and management of the national insurance market according to law, and maintains the legal and steady operation of the insurance industry.