Which regulatory agency is responsible for the approval of financial leasing and commercial factoring?

1. Financial leasing companies, commercial factoring companies and pawnshop companies shall be supervised by the Commercial Committee before 20 18;

After May 2014 18, China Banking and Insurance Regulatory Commission will be responsible for the supervision and management, including the approval procedures for establishment and change;

3. On May 8, 2023, the Insurance Regulatory Commission of the Bank of China was abolished and the State Financial Supervision Administration was established.

So at present, financial leasing companies, commercial factoring companies, pawn shops, small loan companies, financing guarantee companies and insurance intermediaries.

Companies and many other financial organizations are under the supervision of the State Financial Supervision Administration.