China's National Financial Regulatory Administration outlines stronger risk supervision and support for Beijing technology finance

In forum remarks in Beijing, China's National Financial Regulatory Administration outlined priorities for stronger risk supervision, institutional restructuring and technology finance. The remarks reiterated the emphasis on resolving risks at smaller institutions and differentiating supervision set out in its September briefing on the five-year financial sector agenda. High-risk institutions would be addressed through mergers, restructuring and market exits, alongside stronger mandatory early corrective action and monitoring across the full supervisory cycle. Supervisory priorities include scrutiny of shareholders and senior managers, related-party transactions, and large investments and credit exposures. Regulatory gaps involving third-party cooperation and cybersecurity would be addressed, while coordination would extend oversight across regions, departments and emerging financial activities. The administration will study differentiated assessment frameworks for institutions and pursue reductions in the number of smaller institutions while preserving basic services and appropriate competition. It also reiterated action against noncompliant marketing and disorderly competition. Banks provided more than CNY 20 trillion in new financing to the real economy in the first three quarters of 2026, while insurance payouts approached CNY 2 trillion. Further priorities include disaster insurance, shipping underwriting capacity, and pension and health insurance. For Beijing, the administration outlined support for national technology finance reform pilots and improvements to policies for the Zhongguancun technology finance reform pilot zone, using equity and debt financing. Plans include expanding specialist coinsurance pools for commercial space, biomedicine and intelligent robotics, alongside insurance covering technology development throughout its life cycle. Supporting measures include technology and financial data sharing, third-party assessments and financial arbitration. On international activity, the remarks encouraged greater participation by foreign institutions in business pilots and cooperation on regulatory standards for digital finance and artificial intelligence, supported by stronger cross-border risk monitoring and early warning mechanisms.