General Administration of Financial Regulation: Strong and orderly risk prevention and mitigation in key areas supports the stabilization of the real estate market

The Zhitong Finance App learned that on December 12, the Party Committee of the General Administration of Financial Supervision held a meeting to convey the spirit of studying the Central Economic Work Conference and study implementation measures in line with the deployment requirements of the National Financial System Work Conference. The conference mentioned strong and orderly prevention and mitigation of risks in key areas. Firmly carry out the primary responsibility of risk prevention and control, focus on mitigating stock risks, resolutely curb incremental risks, and strictly abide by the bottom line of not “exploding.” Consolidate and expand the achievements of insurance reform and further promote the reduction in volume and quality improvement of small and medium-sized financial institutions. Support the stabilization of the real estate market, further develop the role of urban real estate financing coordination mechanisms, and help establish a new model for real estate development. Guide banks and insurance institutions to actively resolve financial debt risks on local government financing platforms in accordance with the principles of market-based legalization and legalization.

The original text is as follows:

The Party Committee of the State Administration of Financial Supervision and Administration held a meeting to convey the spirit of studying the Central Economic Work Conference

On December 12, the Party Committee of the General Administration of Financial Supervision held a meeting to convey the spirit of studying the Central Economic Work Conference and study implementation measures in line with the deployment requirements of the National Financial System Work Conference. Party Secretary and Director Li Yunze presided over the meeting.

The conference believes that this Central Economic Work Conference is an important conference held at a historical juncture where the “14th Five-Year Plan” is about to come to a successful conclusion and the “15th Five-Year Plan” is about to begin. General Secretary Xi Jinping's important speech covered the overall situation, had a broad vision, deep thought, rich in content, and was highly political, ideological, and instructive. It indicated the direction and provided fundamental guidelines for doing a good job in the economy next year and the period ahead. Premier Li Qiang put forward clear requirements for implementing the spirit of General Secretary Xi Jinping's important speech and doing a good job in the economy next year.

The meeting called for the General Administration system to be guided by Xi Jinping's ideology of socialism with Chinese characteristics in the new era, comprehensively implement the spirit of the 20th National Congress and the 20th Plenary Session of the CPC, earnestly implement the decisions and arrangements of the Central Economic Work Conference, deeply understand the decisive significance of “establishing two”, resolutely carry out “two maintenance”, adhere to the general tone of steady progress, establish and implement a correct view of political performance, and adapt and classify policies according to local conditions, and promote high-quality development in an integrated manner, and fully support the completion of the 2026 economic and social development goals and tasks for the “15th Five-Year Plan” Offered by the Bureau and Getting Started Strong financial support.

The first is to prevent and mitigate risks in key areas in a vigorous and orderly manner. Firmly carry out the primary responsibility of risk prevention and control, focus on mitigating stock risks, resolutely curb incremental risks, and strictly abide by the bottom line of not “exploding.” Consolidate and expand the achievements of insurance reform and further promote the reduction in volume and quality improvement of small and medium-sized financial institutions. Support the stabilization of the real estate market, further develop the role of urban real estate financing coordination mechanisms, and help establish a new model for real estate development. Guide banks and insurance institutions to actively resolve financial debt risks on local government financing platforms in accordance with the principles of market-based legalization and legalization.

The second is to focus on improving the quality and efficiency of strong supervision and strict supervision. Accelerate the improvement of the financial rule of law, accurately standardize and efficiently enforce the law, and continuously improve supervisory capabilities. Guide banks and insurance institutions to establish a correct view of management, performance and risk, reduce costs and increase efficiency, practice internal skills, and strive to achieve differentiated and characteristic development. Deeply rectify “internal rolling” competition and vigorously standardize the market order. Crack down on illegal financial activities with high pressure, and resolutely guard the “money bags” of the masses.

The third is to step up efforts to improve efficiency and promote high-quality development. Guide banks and insurance institutions to continue to increase financial supply to the country's major strategies, key areas, and weak links, and strive to improve economic and financial compatibility. Efficient services expand effective demand, continue to play the role of new policy financial instruments, support stimulating investment and boosting consumption. Innovate technology financial services, and steadily promote the General Administration's “Four Pilot Projects” for technology finance to expand and increase efficiency. Deepen the financing coordination mechanism for small and micro enterprises, optimize financial services for comprehensive rural revitalization, improve insurance services for people with flexible employment groups and new forms of employment, vigorously develop long-term care insurance, and strengthen disaster insurance coverage.

Fourth, advance the General Administration system to comprehensively and strictly govern the Party. Continue to strengthen political construction, deepen the Party's innovative theoretical armed forces, and effectively improve its political capabilities. Persevere in fighting discipline and corruption, consolidate and expand the spiritual learning and education achievements of the Eight Provisions of the Central Committee, and promote the “three uncorrupt” in an integrated manner. Forge a loyal, clean and responsible supervisory team, and continuously improve the purity, professionalism and combat effectiveness of the supervisory team. Deeply implement the “Four New” projects to further create a strong atmosphere of clean air and entrepreneurship.

The meeting called for a solid job at the end of the year and the beginning of the New Year. Comprehensively sort out and take stock of this year's key goals and tasks, and forwardly plan the key tasks of financial supervision in 2026. Strengthen policy publicity and interpretation, and create a good public opinion atmosphere to promote high-quality economic and financial development. We attach great importance to work safety, etc., and make every effort to maintain overall social stability.

Members of the Party Committee of the General Administration, various heads, relevant responsible comrades in charge of the discipline inspection and monitoring team of the General Administration, and comrades in charge of various departments and bureaus, directly subordinate units, and financial trade unions attended the meeting.

This article was selected from the official website of the “China Financial Supervisory Administration”. Zhitong Finance Editor: Chen Xiaoyi.