The China Banking and Insurance Regulatory Commission released the "Decision on Abolishing Certain Regulations".

In order to maintain the integrity of the regulatory system and improve the efficiency of regulatory work, the Financial Regulatory Bureau has formulated the "Decision on Abolishing Certain Regulations", which will come into effect from the date of its announcement. From March 24, 2025 to April 24, 2025, the Financial Regulatory Bureau sought public opinion on the "Decision", which received wide attention from financial institutions, experts, scholars, and the general public. After carefully studying each feedback, most of the suggestions have been accepted. The "Decision" abolishes four regulations, including the "Commercial Bank Market Risk Management Guidelines", "Regulations on the Legal Affairs of the China Banking Regulatory Commission", "Legislation Planning for the Banking Industry", and "Procedures for Formulating Regulations by the China Insurance Regulatory Commission". In the next step, the Financial Regulatory Bureau will continue to focus on the cleanup of regulations to ensure they are in line with regulatory practices and social development.