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China Banking Insurance Regulatory Commission

In: Fintech Regulation and Supervision Challenges within the Banking Industry

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  • Felix I. Lessambo

    (Fordham University)

Abstract

Financial supervision in China is conducted according to the laws and regulations in force. In December 2019, the PBOC approved the Beijing Fintech Innovation Regulatory Trial, allowing financial institutions holding appropriate licenses to launch trial fintech programs in real-world markets under close regulatory supervision. Licensing requirements vary slightly depending on the geographic coverage of the business.

Suggested Citation

  • Felix I. Lessambo, 2023. "China Banking Insurance Regulatory Commission," Palgrave Macmillan Studies in Banking and Financial Institutions, in: Fintech Regulation and Supervision Challenges within the Banking Industry, chapter 0, pages 133-144, Palgrave Macmillan.
    • Handle: RePEc:pal:pmschp:978-3-031-25428-4_10
    DOI: 10.1007/978-3-031-25428-4_10
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