China's National Financial Regulatory Administration has launched a consultation on draft rules that would unify information disclosure requirements across banks, insurers, financial holding companies and a broad range of other regulated financial institutions. The framework specifies required disclosures, their timing and method, internal governance arrangements and differentiated requirements based on institution type. Institutions would be responsible for establishing disclosure management systems, with the chair designated as the primary person responsible. Directors, supervisors, senior managers, shareholders and actual controllers would have duties to provide information and support disclosure, while accounting and law firms would be required to act honestly and diligently and not assist violations. The framework would support supervisory assessments, inspections, inquiries, regulatory measures and administrative penalties. Upon implementation, the rules would consolidate and replace three existing disclosure regimes covering commercial banks, insurers and trust investment companies. Listed institutions would remain subject to listed company disclosure requirements but could avoid duplicating information already disclosed under those rules.
2026-09-04China Banking and Insurance Regulatory Commission
China's National Financial Regulatory Administration consults on unified disclosure rules for banks and insurers
China's National Financial Regulatory Administration is consulting on unified disclosure rules for banks, insurers, financial holding companies and other regulated institutions. The proposal strengthens governance and individual accountability, expands supervisory and enforcement tools, and would replace three existing disclosure regimes. Listed institutions could avoid duplicating information already published under securities disclosure requirements.