Li Yunze, the director of China's National Financial Regulatory Administration, stated at a press conference held by China's State Council Information Office on the 7th that the Financial Regulatory Administration, following the requirements of the CPC Central Committee and the State Council of China, will further enhance the sense of responsibility, urgency, and initiative in implementation, intensifying efforts to promote the effective implementation of established policies. The administration will expedite the strengthening of incremental policy reserves, continuously improve response plans, and fully consolidate the basic trend of economic recovery and improvement.
Li Yunze announced that the following incremental policies will be introduced in the near future, totaling 8 measures.
First, accelerate the launch of a series of financing systems compatible with the new model of real estate development, to help continuously consolidate the stable trend of the real estate market.
Second, further expand the pilot scope of long-term investments by insurance funds, introducing more incremental funds into the market.
Third, adjust and optimize regulatory rules, further reduce the risk factors for insurance companies' stock investments, to support the stabilization and activation of capital markets.
Fourth, promptly introduce a package of policies supporting financing for small and micro enterprises and private enterprises, deepening and realizing the financing coordination work mechanism, to help stabilize enterprises and the economy.
Fifth, formulate and implement a series of policy measures from the banking and insurance sectors to support the development of foreign trade, providing precise services to market entities significantly affected by tariffs, fully assisting with stable operations and market expansion.
Sixth, revise and launch merger and acquisition loan management regulations to promote accelerated industrial transformation and upgrading.
Seventh, expand the entities initiating the establishment of financial asset investment companies to include eligible national commercial banks, increasing investments in scientific and technological innovation companies.
Eighth, formulate opinions on the high-quality development of science and technology insurance, to better play the role of risk sharing and compensation, and effectively provide strong support for scientific and technological innovation.