China’s financial regulator instructed banks and insurers to provide non‑discriminatory relief and mutual recognition of major-disaster status to limit losses and aid recovery; insurers have paid a cumulative 6.3 bln yuan in claims to date. In Zhejiang’s Yuhuan city, 10 coastal shipping routes were suspended on Sept. 3, vessels returned to port, terminals were closed, facilities reinforced and personnel evacuated; the local meteorological office warned coastal winds of force 7–9 on Sept. 4.

2026-09-04

China’s financial regulator instructed banks and insurers to provide non‑discriminatory relief and mutual recognition of major-disaster status to limit losses and aid recovery; insurers have paid a cumulative 6.3 bln yuan in claims to date. In Zhejiang’s Yuhuan city, 10 coastal shipping routes were suspended on Sept. 3, vessels returned to port, terminals were closed, facilities reinforced and personnel evacuated; the local meteorological office warned coastal winds of force 7–9 on Sept. 4.