China Banking and Insurance Regulatory Commission, Standards for the Corporate Governance of Banking and Insurance Institutions

中国银行保险监督管理委员会银行保险机构公司治理准则

June 25, 2021 | BY

Susan Mok

Private banking or insurance institutions shall establish a Party organizational structure

Share:

Issued: June 2, 2021

Effective:as of date of issuance

Main contents: The Standards consist of 117 articles in 11 chapters, including Party Leading, Shareholders and Shareholders' General Meeting, Directors and Board of Directors, Supervisors and Supervisory Board, Senior Management, Stakeholders and Social Responsibility, Incentive and Restraint Mechanism, Information Disclosure, Risk Management and Internal Controls.

A private banking or insurance institution shall in accordance with relevant provisions on establishment of Party organizations, establish a Party