On 10 month 19 day, at the Financial Street Forum Annual Meeting in 2026, Ding Xiangqun, Director of the National Financial Regulatory Administration, stated that China's financial institutions are comprehensive. The key lies in differentiated development and complementary advantages. All types of institutions should focus on their functional positioning, management capabilities, and comparative advantages, strictly define their business boundaries, ensure each plays its role, and fully leverage its strengths.
"The financial regulatory authorities will also study and improve differentiated assessment and evaluation systems to guide institutions on what to prioritize and what to avoid. Under the principles of ensuring basic services, leveraging existing capacity, and maintaining moderate competition, efforts will be made locally to reduce the number of smaller institutions while enhancing their quality, better adapting to shifts in financial supply and demand." she said.
Qiu Zhaoyan, Reporter for China Banking & Insurance News
Li Zheng, Intern Editor at the China Banking and Insurance News
Li Mengxi, Editor at China Banking and Insurance News
