China Banking and Insurance Regulatory Commission: Eliminate regulatory gaps and blind spots to ensure complete coverage without exceptions.

At the 2026 Lujiazui Forum held today, Ding Xiangqun, director of the China Banking and Insurance Regulatory Commission, stated that efforts should be made to strengthen supervision, eliminate regulatory gaps and blind spots, and ensure full coverage without exceptions. Ding Xiangqun stated that efforts should be focused on preventing and resolving risks, resolutely holding the line against systemic financial risks. Efforts should be made to reduce the stock and control the increment, effectively and orderly dispose of risks in small and medium-sized financial institutions, and support the resolution of risks in real estate and local government debt. It is necessary to adhere to the principle of preventing diseases before they occur, strengthen the early correction mechanism for financial risks with hard constraints, and achieve early identification, early warning, early exposure, and early disposal. Efforts should be made to manage legally and more strictly manage illegally, strengthen coordination between central and local authorities and inter-departmental cooperation, focus on eliminating regulatory gaps and blind spots, and ensure full coverage without exceptions. By taking overall action to prevent and combat illegal financial activities, maintaining a high-pressure crackdown and strengthening the system governance throughout the entire chain, efforts should be made to protect the "wallets" of the people. Comprehensive efforts should be made to strengthen the "five supervisors" effectively and have sharp edges. Based on the sound legal system, accelerate the revision and promulgation of banking and insurance laws, improve regulatory regulations pertinently, and continuously enhance the adaptability of financial laws and practices. Emphasizing strict enforcement, strict access control, strict management of key areas, strict punishment for illegal behavior, and resolutely ensuring consistency, strictness, and thorough investigation. With capacity building as the support, focus on regulating the entire cycle of institutions, the entire chain of business, and the full process of risk management, emphasize the empowerment of technology, accelerate the construction of the "financial supervision project," continuously improve the regulatory "toolbox," and continuously enhance the quality and efficacy of supervision.