China Banking Association
China Banking Association (CBA) is a nationwide non-profit self-regulation organization of China’s banking sector, set up with the approval of the People’s Bank of China (PBC) and the Ministry of Civil Affairs, and registered at with the Ministry of Civil Affairs in May 2000. Since its founding in 2003, China Banking Regulatory Commission (CBRC), replaced PBC to guide and supervise CBA. In May, 2018, China Banking and Insurance Regulatory Commission (CBIRC) was set up and CBA’s competent authority becomes CBIRC.
CBA serves for the common interest of its members through the functions of self-regulation, rights protection, coordination and service so as to safeguard lawful rights and maintain market order of the banking sector, enhance the overall capability of banking employees and promote the healthy and sustainable development of the industry.
Any independent legal banking financial institutions (including locally incorporated foreign-invested banking financial institutions in China) formed under the approval of the relevant regulatory agencies, the regional banking associations approved by the municipalities and the relevant regulatory agencies, and other types of financial institutions with independent legal representative qualifications that conduct business cooperation with banking financial institutions can apply to become a CBA member.
As of November 2018, the CBA has had 699 financial institution members and established 32 special committees. Our members include large commercial banks, China Development Bank and other policy banks, Postal Savings Bank of China, joint-stock commercial banks, city commercial banks, private banks, rural credit cooperatives, rural commercial banks, financial leasing companies, auto finance companies, money brokerage companies, consumer finance companies, financial asset management companies, foreign financial institutions, new rural financial institutions, China Central Depository & Clearing Co. Ltd, the Banking Credit Asset Registration and Circulation Center Co., Ltd., the Banking Financial Registration and Custody Center Co., Ltd., regional banking associations at all levels and so forth.