Industry News丨China Banking and Insurance Regulatory Commission (CBIRC) solicited public comments on the Banking Supervision and Administration Law of the People's Republic of China (Draft Amendments).

On November 11, the China Banking and Insurance Regulatory Commission (CBIRC) issued the Notice of the China Banking Regulatory Commission on the Banking Supervision and Administration Law of the People's Republic of China (Draft Amendments for Solicitation of Comments). The Notice pointed out that in order to fully implement Xi Jinping Thought on the rule of law, implement the decision-making and deployment of the Party Central Committee and the State Council on improving the financial rule of law, strengthen and improve modern financial supervision, and improve the transparency and rule of law level of financial supervision, the CBIRC continues to promote the revision of the Banking Supervision and Administration Law of the People's Republic of China, and on the basis of in-depth research and demonstration, summarizing domestic and foreign experience, and widely soliciting opinions, the Banking Supervision and Administration Law of the People's Republic of China (Draft Amendment for Solicitation of Comments) has been formed. It is now open to the public for comments. The deadline for feedback is December 11, 2022.

Original link:

http://www.cbirc.gov.cn/cn/view/pages/ItemDetail.html?docId=1081221&itemId=925&generaltype=0