CBIRC Updated Measures For Corporate Governance Assessment

Recently, the China Banking and Insurance Regulatory Commission ("CBIRC") issued the Measures for Regulatory Assessment of Corporate Governance of Banking and Insurance Institutions (the "2022 Measures")¹, which replace the Measures for Regulatory Assessment on Corporate Governance of Banking and Insurance Institutions (for Trial Implementation) (the "2019 Measures") issued by CBIRC on 25 November 2019.

In recent years, CBIRC has on many occasions strengthened its regulation of corporate governance of financial institutions. Since the issuance of the 2019 Measures, CBIRC has successively issued a series of important regulatory rules on corporate governance, such as the Corporate Governance Rules of Banking and Insurance Institutions, the Measures on the Supervision of the Conduct of Major Shareholders of Banking and Insurance Institutions (for Trial Implementation), etc. As a mid- to long-term action plan for corporate governance, CBIRC also formulated the Three-Ye