CBIRC: Steadily Resolve High-Risk Institutions to Drive Risk Convergence

On October 19, Ding Xiangqun, head of the CBIRC, stated at the opening ceremony of the 2026 Financial Street Forum Annual Meeting that China's banking and insurance sectors are operating overall smoothly. Large institutions are managing steadily while reforms to resolve risks in smaller and medium-sized institutions are proceeding in an orderly manner, with overall risks deemed controllable. Ding emphasized that financial risks are localized and complex; therefore, it is essential to deeply grasp the laws of financial operations, enhance the foresight and precision of risk prevention and control, and focus on key areas to take the initiative in resolving risks. He called for improving disposal mechanisms, bolstering resources for risk resolution, and comprehensively utilizing methods such as mergers, acquisitions, and market exit to steadily resolve high-risk institutions and promote the continuous convergence of risks.