China Banking and Insurance Regulatory Commission: Will continue to study and optimize support policies to help further enhance the competitiveness and influence of Shanghai International Financial Center.

On June 12th, a press conference was held in Shanghai regarding the 2026 Lujiazui Forum. Yan Jiao, Deputy Director of the Office of the China Banking and Insurance Regulatory Commission, stated in response to questions from Securities Times reporters that the measures outlined in the "Action Plan to Support the Construction of Shanghai International Financial Center" released last year are steadily being implemented, and the results of the work are gradually emerging. In terms of optimizing and strengthening financial service functions, efforts are being made to improve the financial ecosystem and attract foreign financial institutions to play a greater role in the construction of the Shanghai International Financial Center. The approval was given for the opening of branches of Friends Provident Insurance Asset Management and Ace Insurance Asset Management in Shanghai. The construction of the Shanghai International Reinsurance Registration and Trading Center is accelerating, with 26 institutions, including reinsurance operation centers, being gathered. The first batch of 6 overseas institutions have smoothly settled in trading positions. Yan Jiao stated that the China Banking and Insurance Regulatory Commission will continue to research and optimize support policies, in order to further enhance the competitiveness and influence of the Shanghai International Financial Center.