China's Financial Regulatory Administration held an expanded meeting to set
near-term priorities, stressing unswerving pursuit of strict, robust
supervision. The regulator said it will focus on core supervisory duties,
enforce tighter market‑entry controls, step up law enforcement, impose harsher
penalties for violations and strengthen accountability. It called for a
comprehensive overhaul of regulatory rules and the compilation of the
administration's powers-and-responsibilities list. The agency said it will boost
supervisory capacity, accelerate implementation of the 'Jin‑Jian' financial
supervision project and steadily advance delegation of regulatory duties to
counties. It also urged stronger central‑local coordination and interagency
linkage to align administrative enforcement with criminal prosecution, link
supervision and audit, and integrate disciplinary and legal procedures to
improve operational effectiveness.
