The China Banking Regulatory Commission ( CBRC ) was an agency of the People's Republic of China (PRC) authorised by the State Council to regulate the banking sector of the PRC except the territories of Hong Kong and Macau, both of which are special administrative regions .
9-771: Chinese Bank may refer to: List of Chinese banks Hongkong Chinese Bank : a defunct bank in Hong Kong, now merged to CITIC Ka Wah Bank Macau Chinese Bank : a bank in Macau Chinese American Bank , an overseas Chinese bank in the United States headquartered in New York City, with branch offices in Chinatown, Manhattan and in Chinatown, Flushing Chinese Central Bank Chinese Development Bank Topics referred to by
18-618: Is a non-exhaustive list. Asterisks (*) indicate that the bank does not service individuals. The currency board and de facto central bank of Hong Kong is Hong Kong Monetary Authority . Banknotes of the Hong Kong Dollar , the official currency of the HKSAR, is issued by Hong Kong Monetary Authority , Bank of China (Hong Kong) , HSBC and Standard Chartered (Hong Kong) . Part of commercial banks in Hong Kong are listed below. The currency board and de facto central bank of Macau
27-612: Is different from Wikidata All article disambiguation pages All disambiguation pages List of Chinese banks This is a list of banks in China , including mainland China, Hong Kong, and Macau. The central bank of the People's Republic of China is the People's Bank of China , a component of the State Council, the Central Government of China. The People's Bank of China
36-643: Is mainly responsible for issuing the Renminbi and administering its circulation, in addition to formulating and implementing monetary policy in accordance with Chinese law. Its counterparts in the special administrative regions of Hong Kong and Macau are the Hong Kong Monetary Authority and the Monetary Authority of Macao respectively, both of which serve as their respective locale's currency board and de facto central bank . All banks, save
45-578: Is the Monetary Authority of Macao . Banknotes of the Macau pataca , the official currency of the Macau SAR, is issued by Monetary Authority of Macao , Banco da China, Sucursal de Macau and Banco Nacional Ultramarino . Some commercial banks in Macau are listed below: China Banking Regulatory Commission In response to their swelling debt loads, undercapitalization and non-transparent business practices,
54-606: The People's Bank of China, are under the supervision of China Banking and Insurance Regulatory Commission . China has three policy banks . Among them, China Development Bank was incorporated in December 2008 and officially defined by the State Council as a development finance institution in March 2015. China has six state-owned commercial banks. These banks are ranked by their Tier 1 capital amount as of 2018. Banks with asterisks (*) are
63-1195: The four major state-owned banks (i.e. the "Big Four" banks ). Bank of Communications was founded in 1908. On 1 April 1987, it was restructured and re-commenced operations as the first state-owned bank in China. Postal Savings Bank of China has the most outlets of any retail bank in China (~40,000). Over 80% of its outlets accompany China Post post offices. China has 12 national commercial banks . These banks are ordered by their Tier 1 capital amount as of 2018. Urban commercial banks were transferred from urban credit cooperatives established in 1980s and 1990s. Rural commercial banks were converted from rural credit cooperatives and play an important role in rural financial needs. Some rural commercial banks include Beijing Rural Commercial Bank, Shanghai Rural Commercial Bank, and Chongqing Rural Commercial Bank. The China Banking Regulatory Commission (CBRC) announced its approval for nine foreign-funded banks to start their preparatory work for setting up local corporations in China on 24 December 2006. Following this, additional banks have been able to incorporate locally. The following
72-590: The government of China recapitalized the banks and set up the CBRC as the country's independent banking regulator in 2003. Liu Mingkang was appointed its first chairman and served until 2011, when he was replaced by Shang Fulin . In 2017, Shang was replaced by Guo Shuqing as the new chairman. Active in developing policies to promote financial inclusion , the Bank is a member of the Alliance for Financial Inclusion. In April 2018,
81-420: The same term [REDACTED] This disambiguation page lists articles associated with the title Chinese Bank . If an internal link led you here, you may wish to change the link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=Chinese_Bank&oldid=545603305 " Category : Disambiguation pages Hidden categories: Short description
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