Therefore, if we insist on the central level now, the trust company will be placed under the supervision of the Beijing Banking Regulatory Bureau.
China Banking Regulatory Commission was established on April 25th, 2003. It is a ministerial organization directly under the State Council. According to the authorization of the State Council, we shall uniformly supervise and manage banks, financial asset management companies, trust and investment companies and other deposit-taking financial institutions, and safeguard the lawful and steady operation of the banking industry.
The CBRC has set up 36 banking regulatory bureaus in 365,438+0 provinces (cities, autonomous regions) and 5 cities under separate state planning, banking regulatory branches in 306 regions (prefecture-level cities, autonomous prefectures and leagues) and regulatory offices in 65,438+0,730 counties (county-level cities, autonomous counties, banners and autonomous banners). The whole system is managed with reference to the Civil Service Law.