The China Banking and Insurance Regulatory Commission’s Party Secretary and Director, Li Yunze, conducted a 10–12 June field visit to the Xinjiang Uygur Autonomous Region, the Xinjiang Production and Construction Corps and Shaanxi Province, meeting local party and government leaders and visiting enterprises and regulatory offices. The trip focused on aligning financial support with the development of “new quality productive forces”, supporting high-quality Belt and Road cooperation, and improving coordination between central financial supervision and local authorities. In Xinjiang, site visits included the Urumqi International Land Port Area and TBEA’s intelligent electrical equipment industrial park, with priorities set around strengthening financial support for Belt and Road corridor development, increasing backing for energy-related innovation, and improving the local financial service system for the Xinjiang Production and Construction Corps through stronger funding supply and risk protection. In Shaanxi, visits to Xi’an Zhongke Optical Mechanics Investment Holding and the Northwestern Polytechnical University science park highlighted expectations for banks and insurers to innovate products and service models, expand support for advanced manufacturing, and better serve the commercialisation of scientific and technological achievements. Li also visited regional and sub-branch financial regulatory offices in Xinjiang and Shaanxi, stressing party discipline education, continued implementation of the “Four New” project consolidation initiative, strengthened基层 branch execution capability, and greater use of the “four-level vertical management” structure to build stronger central-local supervisory synergy.
China Banking and Insurance Regulatory Commission 2025-06-13
China Banking and Insurance Regulatory Commission chief Li Yunze visits Xinjiang and Shaanxi to promote Belt and Road finance and strengthen central local supervisory coordination
Li Yunze, Director of the China Banking and Insurance Regulatory Commission, visited Xinjiang and Shaanxi to boost financial support for Belt and Road initiatives and local development. The visit emphasized strengthening financial services for the Xinjiang Production and Construction Corps, supporting energy innovation, and encouraging banks and insurers to innovate in product and service models. Li also focused on improving central-local supervisory coordination and reinforcing party discipline in regional regulatory offices.