12月12日，金融监管总局党委召开会议，传达学习中央经济工作会议精神，结合全国金融系统工作 会议部署要求，研究贯彻落实措施。金融监管总局党委书记、局长李云泽主持会议。 会议认为，这次中央经济工作会议是在"十四五"即将圆满收官、"十五五"即将开启的历史节点上召 开的一次重要会议。习近平总书记的重要讲话，统揽全局、视野宏阔、思想深邃、内涵丰富，具有很强 的政治性、思想性、指导性，为做好明年和今后一个时期的经济工作指明了方向、提供了根本遵循。李 强总理就贯彻落实习近平总书记重要讲话精神、做好明年经济工作提出明确要求。 会议要求，金融监管总局系统要以习近平新时代中国特色社会主义思想为指导，全面贯彻党的二十 大和二十届历次全会精神，认真落实中央经济工作会议决策部署，深刻领悟"两个确立"的决定性意义， 坚决做到"两个维护"，坚持稳中求进工作总基调，树立和践行正确政绩观，因地制宜、分类施策，统筹 推进防风险、强监管、促高质量发展各项工作，全力支持完成2026年经济社会发展目标任务，为"十五 五"开好局、起好步提供有力金融支撑。 一是有力有序防范化解重点领域风险。坚定履行风险防控首位主责，着力化解存量风险，坚决遏制 增量风险 ...

12月12日，国家金融监督管理总局党委召开会议，传达学习中央经济工作会议精神，结合全国金融系统 工作会议部署要求，研究贯彻落实措施。 会议要求统筹推进防风险、强监管、促高质量发展各项工作，全力支持完成2026年经济社会发展目标任 务，为"十五五"开好局、起好步提供有力金融支撑。 同时，着力提升强监管严监管质效。加快健全金融法治，精准规范高效执法，不断提高监管能力。引导 银行保险机构树牢正确的经营观、业绩观、风险观，降本增效、苦练内功，努力实现差异化、特色化发 展。深入整治"内卷式"竞争，大力规范市场秩序。高压严打非法金融活动，坚决守好人民群众"钱袋 子"。 在加力提效促进高质量发展方面，会议要求，引导银行保险机构持续加大对国家重大战略、重点领域和 薄弱环节的金融供给，努力提升经济金融适配性。高效服务扩大有效需求，继续发挥新型政策性金融工 具作用，支持激发投资、带动提振消费。创新科技金融服务，稳步推进科技金融"四项试点"扩围增效。 深化小微企业融资协调工作机制，优化乡村全面振兴金融服务，做好灵活就业群体、新就业形态人员保 险服务，大力发展长期护理险，加强灾害保险保障。 此外，还要持续强化政治建设，深化党的创新理 ...

12月12日，金融监管总局党委召开会议，传达学习中央经济工作会议精神，结合全国金融系统工作会议 部署要求，研究贯彻落实措施。党委书记、局长李云泽主持会议。 会议认为，这次中央经济工作会议，是在"十四五"即将圆满收官、"十五五"即将开启的历史节点上召开 的一次重要会议。习近平总书记的重要讲话，统揽全局、视野宏阔、思想深邃、内涵丰富，具有很强的 政治性、思想性、指导性，为做好明年和今后一个时期的经济工作指明了方向、提供了根本遵循。 会议要求，总局系统要以习近平新时代中国特色社会主义思想为指导，全面贯彻党的二十大和二十届历 次全会精神，认真落实中央经济工作会议决策部署，深刻领悟"两个确立"的决定性意义，坚决做到"两 个维护"，坚持稳中求进工作总基调，树立和践行正确政绩观，因地制宜、分类施策，统筹推进防风 险、强监管、促高质量发展各项工作，全力支持完成2026年经济社会发展目标任务，为"十五五"开好 局、起好步提供有力金融支撑。 一是有力有序防范化解重点领域风险。坚定履行风险防控首位主责，着力化解存量风险，坚决遏制增量 风险，严守不"爆雷"底线。巩固拓展改革化险成果，深入推进中小金融机构减量提质。支持稳定房地产 市场 ...

新华社北京1 2月1 2日电 全国金融系统工作会议12月1 2日在京召开。中 共中央政治局委员、中央金融委员会办公室主任何立峰出席会议并讲话。 他强调，金融系统要深入学习贯彻中央经济工作会议精神，准确把握经济 工作面临的形势和主要目标任务，坚定做好金融工作的信心和决心，坚持 防风险、强监管、促高质量发展工作主线，有力有序有效做好20 26年金 融重点工作。 全国金融系统工作会议12月12日在京召开。中共中央政治局委员、中央金融委员会办公室主任何立峰出席会议并讲话。他强调，金融系统要深入学习贯彻 中央经济工作会议精神，准确把握经济工作面临的形势和主要目标任务，坚定做好金融工作的信心和决心，坚持防风险、强监管、促高质量发展工作主 线，有力有序有效做好2026年金融重点工作。 要继续着力做好防范化解地方中小金融机构风险、房地产企业涉金融风险、地方政府融资平台金融债务风险工作，严控增量、妥处存量、严防"爆雷"，严 厉打击非法金融活动。 要进一步巩固和强化金融监管，完善重点领域监管制度体系并严格落实，持续强化金融机构合规意识和风险意识，不断提升监管能力，严肃开展金融风险 追责问责。 要全力以赴推动高质量发展，继续实施好 ...

近期，六家互金中概股均对外披露了2025年三季度财务报告。 作为10月1日《关于加强商业银行互联网助贷业务管理提升金融服务质效的通知》（以下简称"助贷新规"）正式落地前的最后一个季度，三季度 是助贷产品整改、客户风险分层调整最为集中的阶段。通过六家互金中概股披露的数据与业务动态，一方面可以窥见新规落地前后的业务动向， 另一方面也可以反映四季度及2026年互联网消费信贷市场的变化趋势，特别是在监管环境动态变化的背景下，有更重要的价值。 整体来看，在助贷新规正式实施后，平台分化进一步加剧，头部机构在融资成本、获客成本、商业模式等方面均有一定优势。但与此同时，随着 产品利率下行，平台拒接高风险客户，部分客群风险暴露引发资产质量波动，四季度规模收缩与风险结构调整将成为一大趋势。 产品利率整改落地，重资本模式回归 助贷新规对助贷平台的影响是从持牌金融机构端传导而来的。 在综合年化利率不超过24%的"红线"下，一方面要求持牌金融机构通过"白名单"制度将合作方置于"阳光下"，另一方面也要求助贷平台产品整 改，全面收缩利率在24%以上贷款产品，强化金融消费者权益保护。 从多家互金中概股披露信息与投资者交流内容来看，10月1日 ...

Core Viewpoint - The training program for chief risk officers of futures companies emphasizes the importance of risk prevention, strong regulation, and promoting high-quality development in the futures market [1][2][3]. Group 1: Regulatory Focus - The Zhengzhou Commodity Exchange (ZCE) is committed to penetrating regulation to ensure early detection of abnormal trading behaviors, thereby maintaining market stability [1]. - ZCE has conducted annual on-site inspections for 19 members and special checks for 22 members regarding fee reductions, while also enhancing the responsibility of members for auditing internet platform content [1]. - From January to October this year, ZCE completed 316 on-site warehouse inspections with the support of member units [1]. Group 2: Risk Management Strategies - The chief risk officers are encouraged to shift from passive responses to proactive frameworks, transforming compliance from a cost burden to a value-creating process [2]. - Key areas of focus for risk management include internal control mechanisms, handling customer complaints, and preventing abnormal trading by clients [2][3]. - A comprehensive risk management system covering all operational aspects is essential for the development of futures companies [2]. Group 3: Training Outcomes - The training provided a platform for chief risk officers to exchange ideas and establish consensus on risk prevention and compliance management [3][4]. - Participants agreed that under stringent regulatory conditions, futures companies must accelerate their transformation to ensure sustainable high-quality development [4]. - The training not only served as a policy interpretation and business learning opportunity but also aimed to reconstruct ideas and mobilize actions for chief risk officers [4].

Core Viewpoint - The Hebei Securities Regulatory Bureau emphasizes the importance of strong regulation, risk prevention, and promoting high-quality development in building a resilient capital market tailored to the needs of Hebei and Xiong'an New Area [1] Regulatory Approach - The bureau adheres to a strict regulatory philosophy, enhancing the effectiveness and deterrence of on-site supervision to combat various illegal activities [1] - It implements a proactive risk prevention strategy focusing on early identification, warning, exposure, and resolution, particularly in key areas to maintain systemic financial stability [1] Support for Development - The bureau prioritizes serving the Xiong'an New Area by organizing meetings for newly guided enterprises, clarifying regulatory requirements, and addressing capital market concerns [1] - It conducts specialized activities to empower industrial clusters in Hebei, providing professional services for companies seeking to go public [1] - The bureau encourages enterprises to expand direct financing channels through IPOs, refinancing, and bond issuance, while guiding capital elements towards Xiong'an New Area to foster a virtuous cycle of capital and industry development [1]

Core Viewpoint - The recent investigations into *ST Changyao and other companies for financial fraud and illegal share reductions signify a new norm of stringent regulation in the capital market, which is seen as a positive development for market stability and investor confidence [1][2]. Group 1: Regulatory Environment - The strong regulatory policies have been continuously reinforced, with significant measures introduced from May to October aimed at ensuring high-quality development in the capital market [1]. - The regulatory framework includes a comprehensive approach to investor protection and enforcement, emphasizing accountability for listed companies and their stakeholders [2]. Group 2: Market Impact - The stringent regulations have led to a purification of the market environment, enhancing the quality of listed companies by increasing scrutiny during the IPO process and ensuring that low-quality companies are removed from the market [2]. - There is a noticeable shift in investor behavior, with a growing preference for high-quality and growth stocks, as evidenced by the declining prices of problematic stocks [3]. Group 3: Investor Confidence - Enhanced regulatory measures have improved investor confidence, leading to a more secure investment environment and a steady increase in A-share indices [1][4]. - The market is witnessing a trend of increased dividends and share buybacks, indicating a growing awareness among companies to return value to investors [3].

Core Viewpoint - The vitality of the capital market is rooted in investor confidence, which is supported by a robust regulatory enforcement system. The China Securities Regulatory Commission (CSRC) emphasizes strict legal measures against various securities and futures violations, aiming to enhance regulatory efficiency and protect investor rights [1][2]. Regulatory Framework - The past five years have seen the continuous improvement of the capital market's regulatory framework, including the implementation of laws related to futures, derivatives, and private fund supervision, establishing a "zero tolerance" legal foundation [1][2]. - The regulatory focus has shifted from pre-approval to real-time monitoring, enhancing information disclosure and holding intermediary institutions accountable, thereby promoting a healthy market cycle [2]. Enforcement Measures - During the 14th Five-Year Plan period, a comprehensive punishment and prevention system has been established to address financial fraud and other serious violations, with a significant increase in administrative penalties for such offenses [2][3]. - A total of 2,214 cases related to financial fraud and market manipulation were administratively punished, with fines totaling 41.4 billion yuan, marking increases of 58% and 30% compared to the previous five-year period [2]. Investor Protection - The ultimate goal of strict regulation and enforcement is to protect investor rights. Recent improvements in regulations regarding share reduction, quantitative trading, and short selling have been made to enhance the investor protection system [3]. - The newly released guidelines on strengthening the protection of small and medium investors integrate investor protection into the entire capital market reform process, serving as an action guide for enhancing the quality of investor protection [3][4]. Market Ecology - A healthy capital market ecology begins with stringent regulatory constraints and effective enforcement, ultimately ensuring the protection of investor rights. Continuous improvements in the regulatory system and enforcement effectiveness will further optimize the investor protection mechanism, fostering a more orderly market environment [4].

Core Viewpoint - The opening of the 2025 Financial Street Forum emphasizes the importance of risk prevention and regulatory strength in enhancing investor protection in the capital market [1] Group 1: Risk Prevention - The China Securities Regulatory Commission (CSRC) aims to strengthen risk prevention capabilities, focusing on early detection and handling of risks across markets, industries, and borders [1] - A long-term mechanism for stabilizing the market will be established to prevent significant market fluctuations [1] Group 2: Regulatory Strength - The CSRC will adopt a "zero tolerance" approach to law enforcement, targeting financial fraud, market manipulation, and insider trading with strict legal actions [1] - Continuous efforts will be made to enhance investor trust and confidence through rigorous enforcement [1] Group 3: Investor Protection Initiatives - The CSRC plans to release several opinions aimed at strengthening the protection of small and medium investors, focusing on the processes of issuance, listing, and delisting [1] - A total of 23 practical measures will be introduced to create a fair trading environment and improve customer service levels in the industry [1] - The establishment of a diversified dispute resolution mechanism for securities and futures will be promoted to address key concerns of small and medium investors [1]