The China Banking and Insurance Regulatory Commission published a readout of Party secretary and director Li Yunze’s 18–20 March inspection tour of Chongqing and Sichuan, focused on directing finance toward “new quality productive forces”, strengthening central–local regulatory coordination, and preventing and defusing financial risks. Meetings with provincial and municipal leaders also linked the agenda to financial support for the Chengdu–Chongqing twin-city economic circle strategy. During visits including Seres’ auto plant and local digital governance and community finance facilities in Chongqing, Li called on banking and insurance institutions to increase financial resources for technology-led activity, strengthen digital enablement to expand coverage and convenience, and make the small and micro enterprise financing coordination mechanism more effective. In Sichuan, he convened a meeting on rectification following central inspection findings and urged thorough remediation, and he visited Sichuan Rural Commercial Joint Bank and agricultural projects, calling for coordinated progress on small and medium-sized bank reform and risk disposal, optimisation of institutional footprints, better corporate governance, stronger technology enablement, and improved “three rurals” financial services to support local特色 industries and rural revitalisation. He also visited local regulatory bureaus and sub-bureaus, urging stronger implementation of the central eight-point rules study and education, continued work under the “Four New” programme consolidation year, and upgrades to sub-bureau supervisory capacity to translate the four-tier vertical management structure into greater regulatory effectiveness.
China Banking and Insurance Regulatory Commission 2025-03-21
China Banking and Insurance Regulatory Commission chief Li Yunze uses Chongqing and Sichuan inspections to press banks on new productive forces finance, SME lending coordination and small-bank risk reform
The China Banking and Insurance Regulatory Commission reported on Party secretary and director Li Yunze’s inspection tour of Chongqing and Sichuan, emphasizing finance for "new quality productive forces" and financial risk management. Li urged banking and insurance institutions to enhance technology-led activities, digital enablement, and small enterprise financing. He also called for reforms in small and medium-sized banks, improved governance, and enhanced rural financial services.