China Banking and Insurance Regulatory Commission joins PBOC and CSRC in fourth protection liaison meeting focused on online marketing and loan cost disclosure

The China Banking and Insurance Regulatory Commission, together with the People's Bank of China and the China Securities Regulatory Commission, held the fourth liaison meeting on financial consumer and investor protection. The meeting reviewed planning for the financial consumer protection framework and recent priority cross-sector issues in consumer and investor protection, and it also received an update on international exchanges and cooperation in these areas. The authorities emphasized stronger routine coordination, information sharing and joint governance, with a problem-focused approach centered on issues most frequently raised by financial consumers and investors. Priority work includes regulating online marketing of financial products, requiring clearer disclosure of comprehensive financing costs in personal loan business, and carrying out targeted governance of personal information handling in the financial sector. Coordination with other departments is also set to continue on services for older people and people with disabilities, improving financial services related to individuals after death, and financial education. The meeting called for a further deepening of the coordination mechanism for financial consumer and investor protection.