At a State Council Information Office briefing, National Financial Regulatory Administration Deputy Director Cong Lin outlined the regulator’s agenda under the 15th Five-Year Plan. The approach carries its initial 2026 priorities into a five-year program centered on resolving financial risks, strengthening supervision and directing banking and insurance services toward consumption, investment, technological development and other real-economy needs. The regulator will clarify business boundaries and prohibited conduct for different types of financial institutions, encourage specialization and apply differentiated supervision. It plans to reduce and strengthen local small and medium-sized financial institutions, improve early risk identification and intervention, and consider resource integration for weaker firms. Wider supervisory measures will target price wars, illegal rebates and high-interest inducements, while tightening product suitability, marketing conduct, consumer protection and enforcement against illicit financial businesses. Financial institutions will be guided to increase support for major projects, foreign trade, advanced manufacturing, technology companies, small businesses and household needs. At the end of July, technology company loans reached CNY 26.9 trillion, up 17.9% from a year earlier, while lending through the small-business financing coordination mechanism exceeded CNY 43 trillion across 15.65 million borrowers. Planned measures include broader technology insurance and long-term investment, increased manufacturing lending, improved commercial pension and health insurance, and tailored financing and insurance for workers in newer forms of employment.
2026-09-10China Banking and Insurance Regulatory Commission
China's National Financial Regulatory Administration sets five-year agenda for risk resolution, stronger supervision and real-economy finance
China's National Financial Regulatory Administration set out a five-year agenda focused on local financial institution risk resolution, differentiated supervision and stronger conduct controls. It will clarify institutions’ business boundaries, improve early intervention and tighten consumer protection. Banks and insurers will also be directed to expand support for technology, manufacturing, consumption, major projects, foreign trade and small businesses.