Interpreting New Interbank Regulations

Interpreting New Interbank Regulations

On 16 May 2014, the Notice on Regulating Interbank Business of Financial Institutions (“Notice No. 127”) jointly issued by the People’s Bank of China (PBOC), China Banking Regulatory Commission (CBRC), China Securities Regulatory Commission (CSRC), China Insurance Regulatory Commission (CIRC) and State Administration of Foreign Exchange (SAFE) was released on the PBOC’s official website. On the same day, the Notice of the General Office of the China Banking Regulatory Commission on Regulating the Governance of Interbank Business of Commercial Banks (“Notice No. 140”), a supporting policy document for Notice No. 127, was released on the CBRC’s official website.


Related content

Interpreting New Interbank Regulations

The two notices help establish a preliminary regulatory framework for governing interbank activities among financial institutions in China and tackle problems including irregular development of interbank business, supervision and regulation evasion, maturity mismatch, and inadequate disclosure of information. This report presents an interpretation of the new interbank regulations.  

© 2022 KPMG Huazhen LLP, a People's Republic of China partnership, KPMG Advisory (China) Limited, a limited liability company in Mainland China, KPMG, a Macau (SAR) partnership, and KPMG, a Hong Kong (SAR) partnership, are member firms of the KPMG global organisation of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organisation.

For more detail about the structure of the KPMG global organisation please visit


Connect with us