The China Banking and Insurance Regulatory Commission said its Party committee held an enlarged meeting to study Xi Jinping's speech at the Communist Party's 105th anniversary gathering and to deploy follow-up work from the financial system Party-building conference. The meeting tied Party-building implementation to financial supervisory priorities, calling for stronger prevention and resolution of financial risks, orderly handling of risks at local small and medium-sized financial institutions, and efforts to avoid major failures. The meeting also called for a stronger Party-building framework suited to the regulator's four-level vertical management structure, continued action on work-style rectification and anti-corruption, and closer alignment with central policy decisions. On the regulatory side, it ordered stricter and more forceful supervision, a sharper focus on core regulatory responsibilities, tighter financial rulemaking and enforcement, stricter market entry controls, and tougher action against illegal financial activity. It also called for orderly consolidation and quality improvement of small and medium-sized financial institutions, curbs on disorderly competition, and supervision of financial institutions' support for flood control and disaster relief services.
China Banking and Insurance Regulatory Commission2026-07-07
China Banking and Insurance Regulatory Commission Party committee links party building drive to tighter supervision and local risk resolution
The China Banking and Insurance Regulatory Commission said its Party committee has linked implementation of Party-building directives to core supervisory work. Priorities include resolving risks at local small and medium-sized financial institutions, tightening rulemaking and enforcement, strengthening market entry controls, and cracking down on illegal financial activity. It also called for consolidation of smaller institutions and financial support for flood control and disaster relief.