China's National Financial Regulatory Administration published a draft decision for public consultation that would repeal four existing banking and insurance regulatory rules, aiming to keep the supervisory rulebook unified and improve regulatory effectiveness. The draft proposes withdrawing the Guidelines for Market Risk Management of Commercial Banks, the China Banking Regulatory Commission’s rules on legal work, the China Banking Regulatory Commission’s banking legislation plan, and the China Insurance Regulatory Commission’s procedures for formulating regulations (as amended in 2013). The administration will review public feedback, revise the decision and publish it in due course.
China Banking and Insurance Regulatory Commission 2025-03-24
China's National Financial Regulatory Administration launches consultation on repealing four legacy banking and insurance rules
China's National Financial Regulatory Administration has issued a draft decision for public consultation to repeal four existing banking and insurance regulatory rules. The aim is to unify the supervisory rulebook and enhance regulatory effectiveness. The draft includes withdrawing guidelines and procedures related to market risk management and regulatory formulation.