People’s Bank Of China (PBOC): is the central bank of China. Its responsibilities include: formulating and implementing monetary policies; issuing Renminbi, China’s currency, and managing its circulation; holding, managing and operating state foreign exchange reserves and gold reserves; operating the state treasury; safeguarding the normal operation of payment and clearing systems; compiling financial statistics, conducting financial investigations and making forecasts; and engaging in domestic and international financial operations.
The State Administration of Foreign Exchange (SAFE): a department of the PBOC, responsible for the approval and repatriation of funds in CNY and other currencies with exchange controls.
China Securities Regulatory Commission (CSRC): the direct regulator for the mainland China securities market and the Shanghai Stock Exchange (SZSE) and oversees the entire securities industry in mainland China. As an independent regulator, it is responsible for enacting and examining all securities-related laws, rules and regulations, approving new listings and corporate actions, as well as safeguarding the interests of investors in mainland China by mitigating any illegal, dishonourable or improper conduct in relation to securities trading. The CSRC does not fund the operations of the SZSE.
The CSRC Shanghai Office: acts as co-ordinator and helps the CSRC regulate the operations of the SHSE, implement market rules and regulations, and investigate any irregularities identified
The CSRC’s Shenzhen Office: acts as co-ordinator and helps the CSRC regulate the operations of the SZSE, implement market rules and regulations, and investigate any irregularities identified
The China Banking Regulatory Commission (CBRC): sole supervisory authority for the banking industry. China’s new banking commission officially started functioning on April 28, 2003. CBRC has taken over from the People Bank of China (PBOC) as the ultimate regulatory authority in the banking sector. Its major responsibilities include formulating supervisory rules and regulations for banking institutions, authorizing the establishment, changes, termination, branching out and business scope of banking institutions.