全面提高金融监管能力

Core Viewpoint - The 20th Central Committee's Fourth Plenary Session emphasizes the need to strengthen financial regulation comprehensively to ensure the resilience of the financial system against various risks during the 14th Five-Year Plan period [1] Group 1: Financial Regulation Enhancement - The Central Financial Work Conference in late 2023 explicitly calls for comprehensive strengthening of financial regulation, aiming to improve regulatory effectiveness and include all financial activities under regulation [2] - A new regulation on customer due diligence and transaction record management will take effect on January 1, 2026, focusing on risk-based principles to enhance anti-money laundering efforts [2] - The revised Banking Supervision Law has been submitted to the National People's Congress for review, aiming to enhance legal frameworks for financial regulation [3] Group 2: Legal and Institutional Framework - The People's Bank of China emphasizes the need for legal reforms in banking, insurance, and foreign exchange management to adapt to new challenges and promote healthy development in the financial sector [4] - The regulatory framework will also address the rapid development of digital finance and internet finance, ensuring these innovations are incorporated into legal structures [4] Group 3: Five Major Regulatory Areas - The Central Financial Work Conference has outlined the need for enhanced institutional, behavioral, functional, penetrating, and continuous regulation, which has shown positive results in recent years [5] - Regulatory authorities are focusing on key institutions and behaviors that pose significant risks to financial stability, employing a tiered regulatory approach [5] Group 4: Digital Transformation in Regulation - The National Financial Supervision Administration has initiated a digital transformation plan to enhance regulatory capabilities, aligning with the goals of strong and strict regulation [7] - The application of artificial intelligence in financial regulation presents both challenges and opportunities, necessitating collaboration between regulatory bodies and innovative institutions [6] Group 5: Combatting Financial Crimes - The People's Bank of China has convened a meeting to address the rise in virtual currency speculation and related illegal activities, emphasizing the need for strict enforcement against such activities [8] - The complexity of financial crimes has increased with technological advancements, requiring ongoing legal analysis and collaboration among relevant units to combat these crimes effectively [9]