The China Banking and Insurance Regulatory Commission used a speech at the 2026 Lujiazui Forum to outline its priorities for global financial governance reform and China’s domestic supervisory agenda. In the international context, it called for a more inclusive governance structure, more equivalent and adaptable cross-border regulatory standards, and more practical supervisory cooperation to address fragmented rules, rising compliance burdens, cross-border contagion and risks linked to new technologies such as artificial intelligence. For China, the speech centered on four priorities: preventing and resolving financial risks, intensifying supervision and enforcement, deepening reform and transformation in financial institutions, and improving financial support for high-quality economic development. Measures highlighted included orderly disposal of risks at small and medium-sized financial institutions, support for resolving real estate and local government debt risks, a harder-edged early correction mechanism for financial risks, stricter market entry and enforcement, stronger coverage of illegal financial activity, and supervisory capacity upgrades through the "Jin Jian Project". The agenda also included reducing and improving smaller institutions, promoting capital replenishment, curbing disorderly competition and financial black and grey market activity, and directing more finance toward technology, consumption, small businesses, new employment groups and disaster prevention and relief. On Shanghai, the commission said it will support the city’s international financial center strategy by improving offshore financial supervision, advancing pilot programs in areas including pension finance and technology finance, helping build an international reinsurance center and shipping insurance cooperation, and establishing a digital supervisory research and development base in Shanghai to strengthen risk monitoring and early warning.
China Banking and Insurance Regulatory Commission2026-06-17
China Banking and Insurance Regulatory Commission sets out global governance agenda and tougher domestic supervision priorities at Lujiazui Forum
At the 2026 Lujiazui Forum, the China Banking and Insurance Regulatory Commission outlined proposals for more inclusive global financial governance, more compatible international regulatory standards and stronger cross-border supervisory coordination. Domestically, it highlighted tougher risk control and enforcement, reform of smaller financial institutions and governance, and more targeted financial support for the real economy. It also set out supervisory measures to support Shanghai’s international financial center, including offshore finance oversight, reinsurance initiatives and a digital risk-monitoring base.