China's State Administration of Financial Regulation held an “Advanced Collective and Advanced Individual Commendation Conference” for the national financial supervision and administration system in Beijing, awarding honorary titles to 50 collectives and 26 individuals. The Ministry of Human Resources and Social Security’s Yu Jiadong read out the commendation decision, under which 50 collectives including the Property and Insurance Department of the Beijing Supervision Bureau received the title “Advanced Collective of the National Financial Supervision and Administration System”, while Su Geng and 25 others were named “Advanced Individuals”. In remarks at the event, Director Li Yunze and other officials also set out expectations for supervisory staff, including reinforcing political direction, linking role-model learning to the “four new” projects, prioritising risk prevention through orderly reform and risk reduction of small and medium-sized financial institutions and the disposal of existing risks while curbing incremental risks, strengthening the “five major supervision” framework and the effectiveness of the “four-level vertical” system, and advancing the “five major articles” of finance in support of economic and social development goals.