The opening ceremony of the 2026 Financial Street Forum was held in Beijing this afternoon. Director Ding Xiangqun of the China Financial Supervision and Administration explained that at present, China's banking and insurance industry is running smoothly, large institutions are operating steadily, reform and insurance for small and medium-sized institutions is progressing in an orderly manner, and risks are generally manageable. Ding Xiangqun said that focus on key areas and fight active battles to mitigate risks. Improve disposal mechanisms, enrich insurance resources, and comprehensively use methods such as mergers and restructuring and market exit to properly dispose of high-risk institutions and promote continued risk convergence. Strengthen coordination and linkage to eliminate gaps in supervision. The General Administration of Financial Supervision is working with all parties to crack down on illegal financial activities, strengthen supervision of financial activities across regions, departments and new business formats and new products, include all financial activities in accordance with the law, and focus on achieving full coverage without exception. Ding Xiangqun explained that in recent years, the establishment of China's financial rule of law has entered the fast track. Significant progress has been made in amending legislation such as the Financial Law, the Banking Supervision Law, and the Insurance Law, and the supervisory system is also being improved at an accelerated pace. On the one hand, focus on the risk prevention and strong supervision needs of different types of institutions, as well as new situations and issues such as cooperation between institutions and third parties, and cybersecurity, etc., to speed up the completion of shortcomings and strengthen institutional firewalls. On the other hand, seriously investigate and punish key people, key events, and key acts that cause major financial risks, strengthen rigid restraints, enhance deterrent effects, and make the regulatory system truly a “charged high-voltage line.”

The opening ceremony of the 2026 Financial Street Forum was held in Beijing this afternoon. Director Ding Xiangqun of the China Financial Supervision and Administration explained that at present, China's banking and insurance industry is running smoothly, large institutions are operating steadily, reform and insurance for small and medium-sized institutions is progressing in an orderly manner, and risks are generally manageable. Ding Xiangqun said that focus on key areas and fight active battles to mitigate risks. Improve disposal mechanisms, enrich insurance resources, and comprehensively use methods such as mergers and restructuring and market exit to properly dispose of high-risk institutions and promote continued risk convergence. Strengthen coordination and linkage to eliminate gaps in supervision. The General Administration of Financial Supervision is working with all parties to crack down on illegal financial activities, strengthen supervision of financial activities across regions, departments and new business formats and new products, include all financial activities in accordance with the law, and focus on achieving full coverage without exception. Ding Xiangqun explained that in recent years, the establishment of China's financial rule of law has entered the fast track. Significant progress has been made in amending legislation such as the Financial Law, the Banking Supervision Law, and the Insurance Law, and the supervisory system is also being improved at an accelerated pace. On the one hand, focus on the risk prevention and strong supervision needs of different types of institutions, as well as new situations and issues such as cooperation between institutions and third parties, and cybersecurity, etc., to speed up the completion of shortcomings and strengthen institutional firewalls. On the other hand, seriously investigate and punish key people, key events, and key acts that cause major financial risks, strengthen rigid restraints, enhance deterrent effects, and make the regulatory system truly a “charged high-voltage line.”