Securities and Futures Commission (CSRC): It is a ministerial-level institution directly under the State Council. It is authorized by laws and regulations and the State Council to 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.

China Banking Regulatory Commission (CBRC) is a ministerial institution directly under the State Council. According to the authorization of the State Council, we shall uniformly supervise and manage banks, financial asset management companies, trust and investment companies and other deposit-taking financial institutions, and safeguard the lawful and steady operation of the banking industry.

The difference between them lies in the different scope of supervision. The CSRC mainly supervises the stock exchange and the like, while the CBRC mainly supervises the banking industry. In addition, there is a China Insurance Regulatory Commission. Mainly responsible for the insurance industry.