The China Banking and Insurance Regulatory Commission convened its 2025 supervisory work conference, reviewing 2024 supervisory outcomes and setting 2025 priorities centred on preventing and defusing financial risks, strengthening supervisory effectiveness, and supporting economic development. The agenda for 2025 highlights accelerated reform and risk resolution for small and medium financial institutions, closer management of key risk areas such as real estate and local government debt, and tighter oversight of illegal financial activities. The review of 2024 cited progress in risk mitigation and market support measures, including the rollout of a city-level real estate financing coordination mechanism, with approved lending for “white list” projects exceeding CNY 5 trillion, and cumulative disposal of non-performing assets exceeding CNY 3 trillion. Institutional reforms were described as completing the move to a four-tier vertically managed supervisory structure, alongside a special campaign against illegal fundraising, deeper implementation of the insurance sector “reporting and execution integration” approach, and the launch of consumer service and product query platforms under a new financial consumer protection coordination mechanism. For 2025, the programme calls for intensified handling of high-risk institutions through governance, management and business restructuring, expanded effectiveness of the real estate financing coordination mechanism, and continued coordination on local government debt risk. Priorities also include advancing key legislative and regulatory amendments, standardising supervisory enforcement, strengthening risk monitoring and early warning with more differentiated supervision, improving consumer protection coordination and central-local collaboration, and steering financial support toward policy priorities such as domestic demand and consumption, cross-border trade finance, third-pillar pensions and a catastrophe insurance system, alongside measures to promote higher-level financial opening and support for Hong Kong and Shanghai as international financial centres.
China Banking and Insurance Regulatory Commission 2025-01-12
China Banking and Insurance Regulatory Commission sets 2025 priorities including faster restructuring of small and medium financial institutions and stronger risk control
The China Banking and Insurance Regulatory Commission's 2025 priorities focus on financial risk prevention, supervisory effectiveness, and economic support. Key initiatives include reforming small and medium financial institutions, managing real estate and local government debt risks, and enhancing oversight of illegal financial activities. The agenda also emphasizes legislative amendments, improved risk monitoring, consumer protection, and financial support for policy priorities and international financial centres.