China Banking and Insurance Regulatory Commission, Li Yunze: Continuous improvement in regulatory quality and efficiency, accelerating the synergy of supervision efforts.

On September 22, when introducing the achievements of the development of the financial industry in the "14th Five-Year Plan" period, Li Yunze, the director of the China Banking and Insurance Regulatory Commission, stated at a press conference of the State Council Information Office that in recent years, the overall reform of the regulatory system of the Commission has been successfully completed, the four-tier regulatory framework has been effectively operating, financial consumer protection work has been solidly promoted, the three-tier anti-financial crime mechanism covering provinces, cities, and counties has been fully implemented, regulatory efficiency and effectiveness have continued to improve, the regulatory legal framework has been accelerated, and the five major areas of institutional supervision, conduct supervision, functional supervision, penetration supervision, and continuous supervision have been comprehensively strengthened. Adhering to strict law enforcement, daring to wield the sword, a total of 20,000 institutions have been penalized, involving 36,000 individuals, with regulatory efforts accelerating and consolidating.