The China Banking and Insurance Regulatory Commission published its rectification progress following a National Bureau of Statistics routine statistical inspection, outlining measures to strengthen governance, legal compliance and data quality controls for financial regulatory statistics. The report describes a centrally led remediation plan with a task list, assigned responsibilities and completion timelines, alongside efforts to build a statistical indicator system for the financial “Five Major Articles” and a jointly issued “Overall statistical system (trial)” with the People’s Bank of China and the China Securities Regulatory Commission. It also sets out steps to tighten accountability for preventing statistical falsification, develop a data quality control system aligned with the National Statistical Quality Assurance Framework, reinforce supervision of financial institutions to improve source data, review existing regulatory statistical survey projects for required approvals, comply with the National Bureau of Statistics departmental service-sector financial reporting requirements for insurance data, and improve templates used for external data disclosures. Further work focuses on consolidating remediation outcomes through continued process standardisation to reduce external interference risks, iterative upgrades to statistical information systems, and ongoing training on statistical laws and professional ethics.

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