China's National Financial Regulatory Administration issued a decision repealing four existing banking and insurance regulations to standardise the supervisory rule framework and improve regulatory efficiency, effective from the date of publication. The repeal follows a public consultation held from 24 March to 24 April 2025, with most feedback incorporated after review. The rules being withdrawn are the Commercial Banks' Market Risk Management Guidelines (China Banking Regulatory Commission Order No. 10 of 2004), the China Banking Regulatory Commission Provisions on Legal Work (Order No. 4 of 2005), the Banking Legislation Plan (Order No. 2 of 2008), and the China Insurance Regulatory Commission Provisions on Procedures for Formulating Regulations (Order No. 2 of 2006, amended by Order No. 11 of 2013). The administration indicated it will continue to review and clean up its rulebook to keep regulations aligned with supervisory practice and social development.
China Banking and Insurance Regulatory Commission 2025-06-20
China's National Financial Regulatory Administration repeals four legacy banking and insurance regulations effective on publication
China's National Financial Regulatory Administration repealed four banking and insurance regulations to standardize the supervisory framework and enhance regulatory efficiency. The repeal, effective immediately, follows a public consultation with feedback largely incorporated. The administration plans ongoing reviews to ensure regulations align with supervisory practices and social development.