China Banking Regulatory Commission for short. According to the authorization, unified supervision and management of banks, financial asset management companies, trust and investment companies and other deposit-taking financial institutions, to maintain the legal and steady operation of the banking industry. China Banking Regulatory Commission officially performed its duties on April 28th, 2003. The process of the establishment of the CBRC and the clarification of its responsibilities is also the process of the specialization of the responsibilities of the People's Bank of China. It is during this period that the division of responsibilities has been clarified and refined. The separation of central bank's supervisory responsibilities and the establishment of China Banking Regulatory Commission (CBRC) to realize the separation of macro-control and micro-control of finance are inseparable from China's economic and financial development environment, which is an inevitable requirement for the financial industry and financial market, which are the targets of financial supervision, to become increasingly complicated, professional and technical. China Banking Regulatory Commission

The establishment of the China Banking Regulatory Commission will truly complete the troika of China's financial supervision, mark the formal establishment of the financial structure of "one line, three meetings" (People's Bank of China, China Securities Regulatory Commission, China Insurance Regulatory Commission and China Banking Regulatory Commission), and play a very important role in enhancing the competitiveness of the three major markets of banks, securities and insurance and preventing financial risks in a wider scope. A new banking supervision system has been established, including the macro supervision of the central bank and the micro supervision of the China Banking Regulatory Commission.

The establishment of China Insurance Regulatory Commission marks the formation of China's separate financial supervision system. Since then, the People's Bank of China, the China Securities Regulatory Commission and the China Insurance Regulatory Commission have jointly implemented financial supervision, drawing lessons from foreign financial supervision systems and conforming to the development trend of China's financial market. China Insurance Regulatory Commission

The establishment of China Insurance Regulatory Commission (CIRC) is to realize the separation of macro-control and micro-control, which is an inevitable requirement for the financial industry and financial market, which are the targets of financial supervision, to become increasingly complicated, professional and technical. Five years later, in 2003, the establishment of the China Banking Regulatory Commission (CBRC) marked the formal establishment of the financial structure of "one line, three meetings" (People's Bank of China, China Securities Regulatory Commission, China Insurance Regulatory Commission and China Banking Regulatory Commission), which played a very important role in enhancing the competitiveness of the three major markets of banks, securities and insurance and preventing financial risks in a wider scope. A new insurance supervision system has been established, including macro supervision by the central bank and micro supervision by China Insurance Regulatory Commission.

China Securities Regulatory Commission (hereinafter referred to as China Securities Regulatory Commission) is an institution directly under the State Council and 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. CSRC: Supervise the securities market and maintain the normal order of the securities market; Relevant laws and regulations formulated for the normal operation of the securities market; Certification makes the securities market run and develop normally and orderly.