China Banking Regulatory Commission: Strengthening the management of qualifications for senior executives of financial institutions in the banking industry

The China Banking and Insurance Regulatory Commission recently issued the "Qualification Management Measures for Directors and Senior Management of Banking Financial Institutions," which further strengthens the supervision and management of directors and senior management of banking financial institutions, strictly controls the access gate, and further enhances the standardization and scientificality of the management of qualifications for senior executives. The "measures" will be implemented from June 1, 2025. Industry experts believe that in recent years, there have been frequent incidents of illegal activities by senior executives in the banking industry. The "measures" combine with the actual operation and supervision of the banking industry in recent years, further improve the conditions and management regulations for the qualifications of senior executives in banking financial institutions, strengthen the responsibility of financial institutions in selecting and employing personnel, promote senior executives to abide by integrity, fulfill their duties, practice clean work, promote financial institutions to operate in compliance with laws and regulations and promote high-quality development.