China's State Administration of Financial Supervision and Administration has revised and issued updated rules governing how it processes administrative licensing for financial institutions, with the stated aim of standardising procedures and optimising workflows across its system. The provisions comprise seven chapters and 50 articles covering areas including application and acceptance, review, decision and service, withdrawal procedures, legal liability and supplementary provisions. The framework is positioned as aligning with financial regulatory system reforms, including clarifying a hierarchical and classified handling mechanism and further improving licensing workflows to support market entry processing and reinforce financial institutions’ primary responsibilities. The State Administration noted that public consultation feedback focused on interpretation of terms, drafting and operational steps, and it adjusted the wording of some terms before final issuance.
China Banking and Insurance Regulatory Commission 2026-01-21
China's State Administration of Financial Supervision and Administration issues revised administrative licensing procedures effective 1 March 2026
China's State Administration of Financial Supervision and Administration has updated rules for processing administrative licensing for financial institutions to standardize procedures and optimize workflows, aligning with financial regulatory reforms. The revised framework includes seven chapters and 50 articles, addressing application processes, decision-making, and legal liabilities, with adjustments made following public consultation feedback.