Clifford Chance

China Establishes New Financial Regulator – amongst Major Priorities in Post-Covid Era

21 December 2024

On 18 May 2023, the National Administration of Financial Regulation (NAFR) was officially established, which opens a new chapter on financial regulation in China. The new regulator replaces the former China Banking and Insurance Regulatory Commission (CBIRC) and will also take over certain financial consumer/investor protection responsibilities from other regulators.

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