The China Banking and Insurance Regulatory Commission convened an enlarged Party committee meeting to study the outcomes of China’s “Two Sessions” and set implementation arrangements, outlining a 2026 work agenda for the start of the 15th Five-Year Plan period focused on preventing systemic financial risk, strengthening regulation, and improving the banking and insurance sector’s support for the real economy. Priorities include advancing risk resolution for small and medium-sized financial institutions while holding the line against “blow-ups”, expanding the role of the “guaranteed housing delivery” whitelist mechanism and accelerating a financing framework aligned with a new real estate development model, and supporting the lawful and compliant resolution of local financing platform debt risks. The agenda also calls for “strong and strict” supervision through fully strengthening the “five major supervision” approach, improving the financial rule of law, making tiered and differentiated supervision more substantive, and raising the digital and intelligent capabilities of supervision, alongside stronger coordination of financial consumer protection and deeper action against financial sector “black and grey” activities. On sector development, the regulator will push banks and insurers to focus on their core business and develop in a differentiated way, promote the consolidation and quality upgrade of local small and medium-sized institutions, curb disorderly competition, support capital replenishment at state-owned large commercial banks, and study diversified channels to replenish capital at smaller institutions. Implementation is to be tied to advancing the 15th Five-Year Plan outline and tasks in the Government Work Report, with more detailed measures, tighter tracking and督查督办, and improved handling of proposals from National People’s Congress deputies and Chinese People’s Political Consultative Conference members.
China Banking and Insurance Regulatory Commission 2026-03-16
China Banking and Insurance Regulatory Commission sets start-of-15th Five-Year priorities on risk disposal, tougher supervision and real-economy finance
The China Banking and Insurance Regulatory Commission's 2026 agenda focuses on systemic risk prevention, regulatory strengthening, and enhancing banking and insurance support for the real economy. Priorities include resolving risks for small and medium-sized financial institutions, advancing a new real estate financing framework, and improving financial supervision and consumer protection. The agenda aligns with the 15th Five-Year Plan and Government Work Report, emphasizing capital replenishment and sector development.