China Financial Regulatory Administration Vows Strict Oversight and Risk Control

According to China News Service, Ding Xiangqun, head of the National Financial Regulatory Administration, stated at the opening ceremony of the 2026 Financial Street Forum annual conference that the financial regulatory system must genuinely become an electrified high-voltage line. Ding stated that China's banking and insurance industries are running stably overall, with large institutions operating soundly, small and medium-sized institutions advancing reform and risk resolution in an orderly manner, and systemic risks staying generally under control. She emphasized focusing on key areas to proactively resolve risks by improving disposal mechanisms, replenishing mitigation resources, and prudently handling high-risk institutions through mergers, restructurings, and market exits, while coordinating across sectors to eliminate regulatory blind spots and bring all financial activities under supervision. She also noted that legal construction in finance has advanced rapidly, calling for addressing institutional weaknesses, third-party collaboration risks, and cybersecurity issues, while sternly investigating key persons, critical events, and actions causing major financial risks to strengthen rigid deterrence. Ding added that regulators must adapt to changes in the operating environment, structural features, and risk profiles by improving early warning and mandatory correction mechanisms, strictly scrutinizing shareholder behavior, senior executives, and connected transactions, and accelerating digital transformation.