The China Banking Regulatory Commission (CBRC) is still in its infancy. “It is only a two-year-old baby,” says the director general of its international department, Mingxhi Han. Formed in 2003, it took over the banking supervisory role from the People’s Bank of China, together with its compliance headquarters in Beijing, 36 regional offices, countless field offices and 25,000 staff across China.
“Compared with the CSRC and the CIRC [the securities and insurance regulators], we’re quite large,” sa
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