NFRA Abolishes and Invalidates Certain Financial Regulatory Document

On August 25, 2025, the National Financial Regulatory Administration (NFRA) issued the Notice on the Abolition and Invalidation of Certain Regulatory Documents (the “Notice”), with immediate effect, involving the abolition of 44 regulatory documents and the declaration of invalidity for 7 others.

This Notice cleanup covers areas such as banking, insurance, and trust. The abolished documents include regulations on the opening of the banking industry in Hong Kong and Macau, classification of credit asset risks for rural financial institutions, cost allocation for insurance companies, and payments to the insurance protection fund, among others. The invalidated documents cover rules on accounting for non-performing assets of rural credit cooperatives, regulations on loan company management, etc.