China Banking and Insurance Regulatory Commission

The China Banking and Insurance Regulatory Commission (CBIRC) was a Chinese financial regulator that, as of 2018, was actively issuing regulatory files for the banking and insurance sectors — including rules on wealth management products that were still pending release at that time . It was formed from the merger of separate banking and insurance regulators, operating alongside the People's Bank of China in a "one bank, two commissions" (一行两会) framework before the 2023 institutional restructuring .

In 2023, this "one bank, two commissions" structure was reorganized into a "one bank, one bureau, one commission" (一行一局一会) system, with the CBIRC's functions consolidated into the newly created National Financial Regulatory Administration (国家金融监督管理总局) under direct State Council management . As Li Feng of FreeS Fund noted in 2023, this upgrade in regulatory stature typically signals an industry has reached sufficient importance to warrant dedicated, elevated oversight — similar to how the environmental regulator's promotion in 2008 preceded major green development initiatives .

elsewhere's corpus does not cover the CBIRC's specific founding date, leadership, or detailed mandate beyond its regulatory role in the 2018-2023 period.