The People's Bank of China convened its 2026 Financial Stability Work Conference, reviewing 2025 financial stability work and setting the key priorities for 2026. The agenda centres on strengthening the framework for preventing and defusing systemic financial risks, containing new risk build-up and advancing the orderly disposal of risks in key areas. The meeting assessed that the financial system remained broadly stable in 2025, with financial risks continuing to converge and financial institutions overall remaining healthy. Priorities for 2026 include deeper technology enablement for financial stability work, tighter risk monitoring, assessment, early warning and early corrective actions, market- and law-based handling of risks in้‡็‚น้ข†ๅŸŸ, reforms of key financial institutions combined with efforts to expand capital replenishment through multiple channels, stronger risk prevention capacity in a more open environment, and an enhanced financial stability backstop with more resources and tools for risk resolution to maintain the goal of avoiding systemic financial risk.