Clifford Chance
The aircraft leasing sector in China: regulatory regime changes and other developments
13 June 2018
In March 2018, the thirteenth National People's Congress of the People's Republic of China ("PRC") approved the institutional reform proposal submitted by the State Council. Among other things, this proposal contemplates that the China Insurance Regulatory Commission ("CIRC") will be merged with the China Banking Regulatory Commission ("CBRC") and form a single commission under the direct supervision of the State Council. On 8 April 2018, the China Banking and Insurance Regulatory Commission ("CBIRC") came into existence.
