The China Banking Regulatory Commission (CBRC) is a directly affiliated institution in charge of banking supervision in People's Republic of China (PRC) and the State Council. It is a ministerial organization. Founded on April 25th, 2003, the current chairman is Shang Fulin. Authorized by the State Council, it is responsible for the supervision and management of banks, financial asset management companies, trust and investment companies and other deposit-taking financial institutions, so as to safeguard the legal 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. [1]20 15 5438+0 In June, the CBRC carried out a major reform on the organizational structure of supervision for the first time. 20 15 10 3 1, the Central Seventh Inspection Team stationed in the CSRC for a two-month inspection.