Key practical points:
• No bank or banking institution may be established or operate without the regulator's licence.
• The regulator may conduct on-site inspections, review records and demand information.
• It imposes solvency, risk-management and governance standards on banks.
• It can impose penalties, restrict activities and intervene in distressed institutions.
• It cooperates with the central bank and others to protect financial stability.
Law on the Regulation and Supervision of the Banking Industry · Yalla China
中华人民共和国银行业监督管理法 / Law on the Regulation and Supervision of the Banking Industry
Enacted: 2003-12-27 ✅ Effective: 2004-02-01
📝 Overview
A law giving the banking regulator powers to license, inspect and enforce over banks and banking financial institutions. It aims to protect depositors and maintain the stability of the banking system.
This is general information only, not legal advice. For your specific case, consult a licensed lawyer.
📜 The law text / key provisions
💬 Practical reading
💬 This is a general reading/opinion for orientation — not the official legal text nor legal advice.
If you deal with a bank in China or consider financial services, be assured that any legitimate banking institution must be licensed and subject to inspection. Avoid any entity offering deposits or loans without a licence. General orientation, not legal advice.
📎 Official source
npc.gov.cn
🕒 Updated: 16 March 2026