2026 Lujiazui Forum: Ding Xiangqun Emphasizes Financial Risk Prevention and Resolution

The opening ceremony and plenary session of the 2026 Lujiazui Forum were held this morning at the Shanghai Pudong Shangri-La Hotel. Ding Xiangqun, the newly appointed head of China's National Financial Regulatory Administration this month, delivered a speech emphasizing the prevention and resolution of financial risks, including support for addressing risks in the real estate sector and local government debt.

The 2026 Lujiazui Forum is being held on June 17 and 18 at the Shanghai Pudong Shangri-La Hotel. Ding Xiangqun and Shanghai Mayor Gong Zheng are serving as co-chairpersons, with the theme 'Financial Development and Cooperation under the Global Governance Initiative: New Vision, New Challenges, and New Opportunities.' Ding delivered the opening remarks at the plenary session on the 17th.

Ding stated that the forum's theme aims to promote a fairer, more inclusive, and resilient global financial governance system. She noted that emerging market and developing economies now account for half of the global economy and contribute 80% to global growth, underscoring the need for a more inclusive and equitable financial governance mechanism.

She also said that China will accelerate the development of international standards for digital finance and green finance, and enhance global financial resilience through sustained dialogue, consultation, and policy coordination.

Regarding China's financial regulation, Ding emphasized 'preventing and resolving risks,' vowing to firmly uphold the底线 against systemic financial risks. She stressed efforts to 'reduce existing risks and control new ones,' and to orderly address risks in small and medium-sized financial institutions, while 'supporting and cooperating in resolving real estate and local government debt risks.'

She proposed fully strengthening five key regulatory areas and accelerating the revision and promulgation of the Banking Supervision Law and Insurance Law. Regulatory mechanisms will be improved with targeted measures, strict law enforcement will be prioritized, key sectors will be closely monitored, and violations will be severely punished.

Ding stated that the National Financial Regulatory Administration will continue to strengthen oversight to help Shanghai build a world-class financial business environment. It will establish prudent and inclusive regulatory mechanisms, accelerate the improvement of offshore financial supervision systems, actively promote pilot programs in areas such as pension finance and technology finance, and 'support the early trial of new financial businesses in Shanghai.' Measures to accelerate the development of Shanghai as an international reinsurance center will be jointly released, international shipping insurance cooperation will be advanced, and guidance will be provided for the release of the 'Shipping and Trade Financial Data Standard.'

Ding also announced the establishment of the Jinjian Engineering Digital Intelligence Supervision Shanghai R&D Base to support the improvement of financial risk monitoring and early warning systems and enhance the overall security of the financial industry. (Editor: Zhu Jianling) 1150617