Insight and Intelligence on the London & International Insurance Markets

19 March 2018

Search archive

China to merge insurance, banking regulators: reports

Laura Board 13 March 2018

China reportedly plans to merge its insurance and banking regulators in a move that will hand the country's central bank more power.

The National People's Congress earlier today announced the move to merge the China Insurance Regulatory Commission (CIRC) with the China Banking Regulatory Commission, multiple news outlets reported.

Bloomberg noted that some of the regulators' functions, including drafting regulations and prudential oversight, will move to the People's Bank of China.

The move is part of a wider consolidation drive...

If you are a non-subscriber but would like to be able to view this article, then please go to our Publications page for further information on joining our readership


Euromoney Trading Limited - 3rd Floor, 41 Eastcheap, London, EC3M 1DT, United Kingdom. The content of this website is copyright of Euromoney Trading Limited 2018. All rights reserved Euromoney Trading Limited actively monitors usage of our website and products and reserves the right to terminate accounts if abuse occurs.