China's National Financial Regulatory Administration has issued a revised draft of the Measures for the Administration of Licences of Banking and Insurance Institutions for public consultation, aiming to standardise and strengthen licence management and promote lawful, licensed operations by banking and insurance institutions. The draft reinforces the principles of financial franchise and licensed operations, and seeks to optimise processes to make regulatory procedures more convenient for institutions while placing greater responsibility on institutions for managing their licences and improving overall licence management standards. It also further specifies supervisory measures and penalty standards for licence-related misconduct, with a focus on strengthening day-to-day supervision. The authority will review feedback, further revise the measures and publish them for implementation in due course.
China Banking and Insurance Regulatory Commission 2025-10-30
China's National Financial Regulatory Administration launches consultation on revised licensing management measures for banking and insurance institutions
China's National Financial Regulatory Administration has released a revised draft of the Measures for the Administration of Licences of Banking and Insurance Institutions for public consultation. The draft aims to standardize licence management, enhance regulatory procedures, and strengthen supervision and penalties for licence-related misconduct. Feedback will be reviewed for further revisions before implementation.