The China Banking and Insurance Regulatory Commission reported on a 9–10 July inspection trip to Yunnan by its Party secretary and chair, Li Yunze, focused on supporting high-quality development, preventing and defusing financial risks, and strengthening coordination between central and local financial supervision. He called on banking and insurance institutions to steer more financial resources toward “new quality productive forces”, including support for technology commercialisation and industrial transformation and upgrading. The visit included on-site engagement with firms including Northern Night Vision Technology Research Institute Group and Yunnan Precious Metals New Materials Holding Group, as well as reviews of the Yunnan financing and credit service platform and operations at the Kunming International Flower Auction Trading Center. Li highlighted fuller use of the micro and small enterprise financing coordination mechanism to improve targeted government–bank–enterprise matching, strengthen digital enablement and optimise service provision for private firms and micro and small enterprises, alongside support for the development of local advantaged industries. He also visited provincial and local financial supervision offices, urging tighter implementation of the “eight-point rules” learning and rectification programme, progress on the “Four New” programme’s consolidation year action, and stronger capacity at sub-branch level to translate the “four-level vertical management” structure into supervisory effectiveness.
China Banking and Insurance Regulatory Commission 2025-07-11
China Banking and Insurance Regulatory Commission chief Li Yunze urges banks and insurers to channel more finance to new quality productive forces during Yunnan visit
Li Yunze, chair of the China Banking and Insurance Regulatory Commission, inspected Yunnan on 9–10 July, focusing on high-quality development, risk prevention, and financial supervision. He urged more resources for technology commercialization, industrial transformation, and support for micro and small enterprises through digital means and coordination. Li also called for stricter regulatory program implementation and improved sub-branch supervision.