Who will supervise financial institutions?

Legal analysis: the financial supervision power is centralized in the central government, and the financial authorities and relevant organs set up by the central government perform financial supervision functions respectively, that is, the CBRC, CSRC and CIRC respectively supervise banks, securities, insurance institutions and markets, while the People's Bank of China, audit institutions and tax authorities respectively perform some national functions.

Legal basis: Interim Measures for Handling Complaints and Reports in Market Supervision and Management Article 4 The State Administration of Market Supervision shall be in charge of handling complaints and reports nationwide and guide local market supervision and management departments to handle complaints and reports. Local market supervision and management departments at or above the county level shall be responsible for handling complaints and reports within their respective administrative areas.