National Financial Regulatory Administration says it will bring all financial activities under regulation in accordance with the law
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AT A GLANCE
Ding Xiangqun stated that financial activities will be brought under regulation in accordance with the law, with efforts to achieve full coverage and no exceptions.
Article
National Financial Regulatory Administration: All financial activities will be brought under regulation in accordance with the law
PANews October 19 reported that 2026 the opening ceremony of the Financial Street Forum Annual Conference was held in Beijing this afternoon. Ding Xiangqun, Director of the National Financial Regulatory Administration, stated that China's banking and insurance sectors are currently operating in an overall stable manner, large institutions are operating soundly, reforms and risk mitigation at small and medium-sized institutions are progressing in an orderly fashion, and overall risks are controllable. The National Financial Regulatory Administration, together with relevant parties, will severely crack down on illegal financial activities, strengthen oversight of financial activities that span regions and departments, as well as those involving new business forms and new products, and bring all financial activities under regulation in accordance with the law, with efforts to achieve full coverage and no exceptions.
2026 The opening ceremony of the Financial Street Forum Annual Conference was held in Beijing.
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Ding Xiangqun, Director of the National Financial Regulatory Administration, said that China's banking and insurance sectors are operating in an overall stable manner, with overall risks controllable.
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Ding Xiangqun said that reforms and risk mitigation at small and medium-sized institutions are progressing in an orderly fashion.
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The National Financial Regulatory Administration, together with relevant parties, is severely cracking down on illegal financial activities.
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The National Financial Regulatory Administration is strengthening oversight of financial activities that span regions and departments, as well as those involving new business forms and new products.
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Ding Xiangqun stated that all financial activities will be brought under regulation in accordance with the law, with efforts to achieve full coverage and no exceptions.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This means that regulators have put forward a broad regulatory direction: as long as an activity constitutes a financial activity, it should be subject to regulation in accordance with the law; activities spanning regions and departments, as well as new business forms and new products, were specifically mentioned. The material does not provide specific implementation rules.
Why it matters to readers
This statement may affect compliance requirements for various financial businesses. It is particularly worth watching whether implementing rules or enforcement arrangements will subsequently be issued for new business forms and new products.
Beginners should understand this as a signal of regulatory direction, rather than as a specific change already having occurred to the rules for a particular type of asset or business; assessing the actual impact still requires awaiting clear documents.
Risks and unknowns
The material is a PANews paraphrase and does not include the full text of the official remarks.
The material does not specify the implementation timeline, supporting measures, or scope of enforcement.
The original text does not explicitly mention virtual assets, stablecoins, trading platforms, or crypto-asset-related businesses, so its direct applicability cannot be confirmed.
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Financial Activities
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