Financial Regulatory Administration: All financial activities will be brought under regulation in accordance with the law

October 19 - The opening ceremony of the 2026 Financial Street Forum Annual Conference was held in Beijing this afternoon. Ding Xiangqun, head of the National Financial Regulatory Administration, said that China's banking and insurance industries are currently operating in an overall stable manner, with large institutions operating soundly, reform and risk mitigation at small and medium-sized institutions advancing in an orderly fashion, and risks generally under control. The National Financial Regulatory Administration, together with all parties, will severely crack down on illegal financial activities, strengthen regulation of financial activities that are cross-regional, cross-departmental, and involve new business forms and new products, bring all financial activities under regulation in accordance with the law, and strive to achieve full coverage with no exceptions.