China Banking and Insurance Regulatory Commission convenes 2025 International Advisory Committee meeting highlighting further financial opening-up and 15th Five-Year supervisory direction

The China Banking and Insurance Regulatory Commission held its International Advisory Committee (IAC) 2025 meeting in Beijing, using the forum to brief international advisers on priorities for financial-sector reform, risk management and supervision and to reiterate China’s plans to expand high-level opening-up of the financial sector. Vice Premier He Lifeng met IAC members on 28 October and, in response to questions, outlined the China–US economic and trade situation and welcomed more foreign financial institutions and long-term capital to invest and deepen cooperation in China. CBIRC Party Secretary and Director Li Yunze set out achievements during the 14th Five-Year period across reform and development, serving the real economy, preventing and defusing financial risks and strengthening financial regulation, and outlined the CBIRC’s work direction for the 15th Five-Year period. Discussions covered the global economic and financial environment and financial regulation, opportunities from the financial sector’s digital development, and financial support to promote consumption, alongside themes of cross-border regulatory coordination and standards alignment. The meeting was held during the 2025 Financial Street Forum annual conference, with some IAC members also attending the forum’s opening and closing events and related sessions.