The China Banking and Insurance Regulatory Commission’s party committee met to study the Central Economic Work Conference and set out implementation measures for the regulator’s system, framing a 2026 work agenda around preventing and resolving key risks, strengthening strict and effective supervision, and steering banking and insurance institutions to better support economic priorities. On risk, the agenda emphasises addressing existing risks while preventing new ones, continuing reforms to reduce the number of small and medium-sized financial institutions while improving their quality, supporting real estate market stabilisation through the city-level real estate financing coordination mechanism, and guiding banks and insurers to resolve local government financing vehicle (LGFV) financial debt risks on market-based and law-based principles. On supervision, it calls for faster improvements to the financial rule-of-law framework, more precise and efficient enforcement, curbs on “involutionary” competition, stronger market order, and intensified crackdowns on illegal financial activities. On development, it highlights increased financial supply to national strategies and weaker links, continued use of new policy-based financial instruments to support investment and consumption, expansion and improved effectiveness of four technology-finance pilot programmes, deeper coordination mechanisms for micro and small enterprise financing, and expanded insurance coverage including for flexible and new-form employment groups, long-term care insurance, and disaster insurance. The regulator also directed its system to complete year-end and early-year work by reviewing annual targets, proactively planning key financial regulatory priorities for 2026, strengthening policy communication, and prioritising safety and stability-related work.

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