1. The People's Bank of China is the central bank of People's Republic of China (PRC). It exercises the functions of the central bank and is mainly responsible for formulating and implementing monetary policies.
2. China Banking Regulatory Commission (hereinafter referred to as "CBRC"), as the banking regulatory body in the State Council, under the authorization of the State Council, uniformly supervises and manages banks, financial asset management companies, trust and investment companies and other deposit-taking financial institutions, and protects the interests of depositors and consumers and enhances market confidence through prudent and effective supervision; Enhance the public's understanding of modern finance through publicity and education work and relevant information disclosure; Strive to reduce financial crimes.
3. 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. According to the laws, regulations and the authorization of the State Council, supervise and manage the national securities and futures market in a unified way, maintain the order of the securities and futures market and ensure its legal operation.
4. China Insurance Regulatory Commission (hereinafter referred to as "CIRC") is a ministerial institution directly under the State Council. Perform the administrative functions authorized by the State Council, supervise and manage the national insurance market according to law, and maintain the legal and steady operation of the insurance industry.
1. With the establishment of the new pattern of "one committee, one line, two sessions and one bureau", China's financial supervision system has undergone more aggressive changes, and the authority and coordination of supervision have been further strengthened.
Second, at present, the development of modern science and technology has brought great changes to the financial format, and also added many new challenges to financial supervision. According to industry experts, technological change is beneficial to the development of inclusive finance and the improvement of service efficiency, but it also brings about significant changes in the form, path and security boundary of financial risks. Network security and information protection have become a new topic of financial supervision.
3. The 14th Five-Year Plan for National Economic and Social Development of People's Republic of China (PRC) and the Outline of the Vision 2035 proposes to improve the modern financial supervision system, fill the shortcomings of the supervision system, promote financial innovation in an orderly manner under the premise of prudent supervision, improve the supervision framework with full risk coverage, and improve the transparency and rule of law level of financial supervision. This deployment is of great significance for ensuring financial stability and national security, promoting the modernization of the national governance system and governance capacity, and achieving high-quality economic and social development.