Ding Xuedong: We will strengthen financial supervision and resolve the risks of real estate and local debt

At the 2026 Lujiazui Forum, Ding Xuedong, the head of China's financial regulatory department, stated that the regulatory authorities will strengthen supervision to eliminate blind spots and prevent and resolve systemic financial risks. The regulatory authorities will resolve the risks of small and medium-sized financial institutions and coordinate the handling of real estate and local government debt risks. Regulatory authorities will establish early correction mechanisms, strengthen regulatory enforcement, crack down on illegal financial activities, enhance coordination between the central and local governments, and ensure the safety of residents' deposits.