China Banking and Insurance Regulatory Commission urges banks and insurers to improve Taiwan-related services and strengthen support for foreign trade firms

The China Banking and Insurance Regulatory Commission published a readout of a May 12–14 field visit by its Party Secretary and Director, Li Yunze, to Fujian and Guangxi, focused on financial support for cross-strait integration and enhanced financial services for foreign trade enterprises. The visit set out supervisory expectations for banks and insurers to address service bottlenecks, broaden relevant products and insurance coverage, and strengthen coordination with local authorities while advancing risk control work. In Fuzhou, a banking and insurance sector meeting on cross-strait integration highlighted the need to unblock pain points in Taiwan-related financial services, develop dedicated products, and improve service experience to support Fujian’s role in exploring a new pathway for cross-strait integration and building a demonstration zone. In Jinjiang, a symposium on stabilising foreign trade called for institutions to implement foreign trade support policies, make greater use of the small and micro enterprise financing coordination mechanism to increase outreach, strengthen export credit insurance protection, expand coverage and increase limits for domestic trade insurance, and improve financial services for exporters shifting sales to the domestic market. The trip also reviewed基层监管 work and emphasised stronger central-local regulatory coordination, continued reform and risk resolution for small and medium-sized financial institutions, and enhanced branch office capabilities in consumer protection, risk monitoring, and tackling illegal financial activity.