The National Financial Regulatory Administration (NFRA) issued guidance on
secure development and application of AI in the banking and insurance sectors.
It calls for promoting next‑generation AI and supports financial institutions,
under controllable risk conditions, to advance business use of generative AI,
build supporting capability systems, and cautiously explore AI R&D and
construction of financial AI agents. Financial institutions must enforce access
management for generative AI models and assess model effectiveness and
security/compliance. Externally sourced generative AI models must be filed with
the Cyberspace Administration of China (CAC).
