The People’s Bank of China

The People's Bank of China (PBC) was established on December 1, 1948 based on the consolidation of the Huabei Bank, the Beihai Bank and the Xibei Farmer Bank. In September 1983, the State Council decided to have the PBC function as a central bank. The Law of the People's Republic of China on the People's Bank of China adopted on March 18, 1995 by the 3rd Plenum of the 8th National People's Congress has since legally confirmed the PBC's central bank status.

The main responsibilities stipulated in the Law of the People’s Republic of China are to formulate strategic plans for the reform and development of the financial industry, formulate and implement monetary and exchange rate policies, and assume the responsibilities of the lender of last resort.

The People's Bank of China has 13 functional departments (offices), 2 business departments, 9 branches, 326 central sub-branches, and 1,827 county (city) sub-branches.

Website: www.pbc.gov.cn/en/3688006/index.html

Cross-border finance related departments: Macro-Prudential Administration, Money Market Division, Financial Market Division

The China Banking and Insurance Regulatory Commission

The China Banking and Insurance Regulatory Commission is a public institution directly under the State Council of the People's Republic of China responsible for the supervision and administration of the banking and insurance industries.

The China Banking and Insurance Regulatory Commission is mainly responsible for the unified supervision and management of the banking and insurance industries in accordance with laws and regulations, maintaining the legal and stable operation of the banking and insurance industries, preventing and resolving financial risks, protecting the legitimate rights and interests of financial consumers, and maintaining financial stability.

Website: www.cbirc.gov.cn/en/view/pages/index/index.html

Cross-border finance related departments: Innovation Business Supervision Department, International Cooperation and Foreign Institution Supervision Department (Hong Kong, Macao and Taiwan Office)

China Securities Regulatory Commission

China Securities Regulatory Commission (CSRC), a ministerial-level public institution directly under the State Council, performs a unified regulatory function, according to the relevant laws and regulations, and with the authority by the State Council, over the securities and futures market of China, maintains an orderly securities and futures market order, and ensure a legal operation of the capital market.

China Securities Regulatory Commission is located in Beijing, with appointed one chairman, four vice chairmen, one secretary of the Disciplinary Inspection Commission (on the vice-ministerial level) and three assistants to the chairman. CSRC has eighteen functional departments, one inspection division and three centers. In accordance with Article 14 of the“Securities Law of the People’s Republic of China”, CSRC has set up a public offering review committee, which is formed of professionals of CSRC and invited experts from without the committee. China Securities Regulatory Commission has established thirty-six securities regulatory bureaus in provinces, autonomous regions, municipalities directly under the Central Government and cities specifically designated in the state plan, and, in addition, Shanghai Commissioner Office and Shenzhen Commissioner Office.

Website: www.csrc.gov.cn/csrc_en/index.shtml

Cross-border finance related departments: International Cooperation Department, Investor Protection Bureau

The State Administration of Foreign Exchange

The State Administration of Foreign Exchange is a national bureau of the State Council of the People's Republic of China administered by ministries and commissions of the State Council in charge of foreign exchange and balance of payments work. It is now administered by the People's Bank of China.

The State Administration of Foreign Exchange is responsible for managing the country's foreign exchange receipts and payments, buying and selling, lending, transferring, as well as international settlements, foreign exchange rates and foreign exchange markets.

Cross-border finance related departments:Balance of Payments Division, Current Account Management Division, Capital Account Management Division

The National Development and Reform Commission

The National Development and Reform Commission (NDRC) is a ministerial-level department of the State Council.

The NDRC implements the CPC Central Committee’s policies and decisions on development and reform, and adheres to and strengthens the party’s centralized and unified leadership over development and reform in the process of performing its duties. The main functions undertaken by the NDRC include:Forecast, monitor and analyze development trends of national economic and social development in order to formulate national economic and social development strategies and policies.

Website: en.ndrc.gov.cn/

Cross-border finance related departments: Department of Economic Reform, Department of Foreign Investment, Department of Investment

Ministry of Finance of the People's Republic of China

The Ministry of Finance of the People's Republic of China is a department of the State Council of the People's Republic of China, at the ministerial level. Its predecessor was the Ministry of Finance of the Central People's Government established on October 1, 1949.

In March 2018, according to the State Council's institutional reform plan approved at the first session of the 13th National People's Congress, the Ministry of Finance's management responsibilities related to agricultural investment projects were integrated to form the Ministry of Agriculture and Rural Affairs of the People's Republic of China; The responsibilities for the supervision and inspection of the implementation and other fiscal revenue and expenditure are assigned to the Audit Office of the People's Republic of China.

Website：www.mof.gov.cn/en/

Cross-border finance related departments: Finance Division

The Ministry of Commerce of the People's Republic of China

The Ministry of Commerce of the People's Republic of China is the constituent department of the State Council of the People's Republic of China in charge of commercial economy and trade.

The Ministry of Commerce is mainly responsible for researching and formulating policies and regulations to regulate the market operation and circulation order, promoting the establishment and improvement of the market system, deepening the reform of the circulation system, monitoring and analyzing the market operation and commodity supply and demand, organizing international economic cooperation, and organizing and coordinating anti-dumping, anti-dumping and anti-dumping activities. Subsidy-related matters and organization of industrial damage investigation and other work.

Website: english.mofcom.gov.cn/index.shtml

Cross-border finance related departments: Foreign Trade Department, Foreign Investment Department, Foreign Investment and Economic Cooperation Department, International Department

The State Administration for Market Regulation

The State Administration for Market Regulation is a ministerial-level agency directly under the State Council of the People's Republic of China responsible for comprehensive market supervision and administration.

The State Administration for Market Regulation is mainly responsible for the comprehensive supervision and management of the market, unified registration of market entities and establishment of information disclosure and sharing mechanisms; organizes the comprehensive law enforcement of market supervision, undertakes unified anti-monopoly law enforcement, and regulates and maintains market order; organizes the implementation of the strategy of strengthening the country by quality, and is responsible for Industrial product quality safety, food safety, special equipment safety supervision; unified management of measurement standards, inspection and testing, certification and accreditation, etc.

Website：www.samr.gov.cn

Cross-border finance related departments: International Cooperation Department (Hong Kong, Macao and Taiwan Office), Registration Bureau

National Association of Financial Market Institutional Investors

National Association of Financial Market Institutional Investors was founded on September 3, 2007, under the approval of the State Council of China. NAFMII aims to propel the development of China OTC financial market, which is composed of interbank bond market, inter-bank lending market, foreign exchange market, commercial paper market and gold market.

As a self-regulation organization (SRO) in China, the membership of NAFMII includes policy banks, commercial banks, credit cooperative banks, insurance companies, securities houses, fund management companies, trust and investment companies, finance companies affiliated with corporations, credit rating agencies, accounting firms and companies in non-financial sectors.

Website：www.nafmii.org.cn/englishnew/

Cross-border finance related departments: International Department, Market Innovation Department

Asset Management Association of China

The Asset Management Association of China was established on June 6, 2012. It is a self-regulatory organization in the securities investment fund industry. It accepts business guidance and supervision from the China Securities Regulatory Commission and the Ministry of Civil Affairs. According to the "Securities Investment Fund Law of the People's Republic of China", fund managers and fund custodians should join the association, and fund service institutions may join the association.

The main responsibilities of the association include: educating and organizing members to abide by laws and administrative regulations on securities investment, and safeguarding the legitimate rights and interests of investors; safeguarding the legitimate rights and interests of members in accordance with the law, reflecting members' suggestions and requirements; formulating and implementing industry self-discipline rules, supervising and inspecting members The practice behavior of its practitioners, and those who violate the self-discipline rules and the articles of association of the association shall be subject to disciplinary sanctions in accordance with the regulations; formulate industry practice standards and business norms, organize practice examinations, qualification management and business training for fund practitioners; provide membership services, organize Industry exchange, promote industry innovation, carry out industry publicity and investor education activities; mediate fund business disputes between members and between members and clients; handle the registration and filing of non-publicly offered funds in accordance with the law; responsibility.

Website: www.amac.org.cn/

Cross-border finance related departments: International Business Committee, Investor Services Department