智通财经记者 | 张一诺 中央经济工作会议在部署2026年经济工作重点任务时提到"深入推进中小金融机构减量提质"，这和去年 会议提出的"稳妥处置地方中小金融机构风险"的表述相比有明显变化。 分析人士对智通财经表示，"减量提质"的提法，意味着金融体系改革正从扩大规模转向优化结构和提升 质量，以增强服务实体经济的能力和风险抵御水平。 万博新经济研究院院长滕泰对智通财经表示，深入推进中小金融机构减量提质，是当前我国金融体系结 构性改革的重要内容，旨在增强金融机构稳健性、提升存续机构的可持续经营能力，筑牢金融安全底 线、提升服务实体经济质效。 "结合本次会议要求货币政策'引导金融机构加力支持扩大内需、科技创新、中小微企业等重点领域'， 也更加明确了金融机构和实体经济到底'谁服务谁'的问题，不能牺牲宏观经济保个别金融行业盈利，而 是商业银行等金融机构必须服务实体经济，尤其支持扩大内需等目标。"滕泰说。 中信证券首席经济学家明明补充道，从金融改革层面看，中小金融机构"减量提质"与资本市场投融资综 合改革呼应，实质上是在通过风险出清与制度优化提升金融体系配置效率，使金融能够更有效地服务科 技创新和实体经济。 他进一步指出， ...

并非首提。 作为我国金融体系的重要组成部分，中小金融机构对区域经济发展、社会稳定以及金融生态完善起着不 可或缺的作用。"十四五"期间，中小金融机构改革化险工作力度明显加大、节奏明显加快。 12月10日至11日，中央经济工作会议在北京举行。会议在部署2026年经济工作重点任务时提到，要坚持 改革攻坚，增强高质量发展动力活力。其中提到，深入推进中小金融机构减量提质，持续深化资本市场 投融资综合改革。 央行数据显示，截至2025年9月末，我国参加存款保险的金融机构有3398家，相比2020年末的4025家少 了627多家。此外，随着新一轮省联社改革加速推进，2022年以来已有十余地组建了新的省级农信机 构。就在今年10月，吉林多地金融监管部门陆续批复同意了农业银行整合当地多家农商行，涉及分支机 构近200家，这一农信系统改革创新模式引起了市场的广泛关注。 如何理解中小金融机构"减量提质"？"'减量提质'意味着中小金融机构有望继续通过合并重组等方式压降 数量，同时提高公司治理和风险管控能力，更好地防范风险和服务实体经济。"中金公司研究部总监、 银行业分析师林英奇对第一财经表示。 尽管关于"减量提质"这一提法在过去并不 ...

专题：中央经济工作会议在北京举行 据新华社12月11日消息，中央经济工作会议12月10日至11日在北京举行。 会议确定，明年经济工作抓好以下重点任务。其中包括：坚持改革攻坚，增强高质量发展动力活力。制 定全国统一大市场建设条例，深入整治"内卷式"竞争。制定和实施进一步深化国资国企改革方案，完善 民营经济促进法配套法规政策。加紧清理拖欠企业账款。推动平台企业和平台内经营者、劳动者共赢发 展。拓展要素市场化改革试点。健全地方税体系。深入推进中小金融机构减量提质，持续深化资本市场 投融资综合改革。 责任编辑：刘万里 SF014 专题：中央经济工作会议在北京举行 据新华社12月11日消息，中央经济工作会议12月10日至11日在北京举行。 会议确定，明年经济工作抓好以下重点任务。其中包括：坚持改革攻坚，增强高质量发展动力活力。制 定全国统一大市场建设条例，深入整治"内卷式"竞争。制定和实施进一步深化国资国企改革方案，完善 民营经济促进法配套法规政策。加紧清理拖欠企业账款。推动平台企业和平台内经营者、劳动者共赢发 展。拓展要素市场化改革试点。健全地方税体系。深入推进中小金融机构减量提质，持续深化资本市场 投融资综合改革。 ...

Core Viewpoint - The Chinese financial regulatory authority emphasizes that the risks associated with small and medium-sized banks are under control, with a significant reduction in the number of high-risk institutions and high-risk asset scales compared to their peak levels [2][3]. Group 1: Risk Management in Financial Institutions - The financial regulatory authority has prioritized the prevention and resolution of financial risks, particularly focusing on the orderly handling of risks in small and medium-sized financial institutions [3]. - A significant reduction in the number of high-risk institutions and high-risk asset scales has been achieved, with many provinces reporting a "dynamic zero" status for high-risk small and medium-sized institutions [3][4]. - The number of banking financial institutions in China decreased from 4,490 at the end of 2023 to 4,295 by the end of 2024, reflecting the implementation of policies aimed at reducing and improving small and medium-sized banks [4]. Group 2: Support for Real Estate and Local Debt Risk Resolution - The financial regulatory authority has actively supported the resolution of real estate risks, with over 7 trillion yuan in loans issued under the "white list" project, facilitating the construction and delivery of nearly 20 million housing units [6][7]. - Various measures have been taken to stabilize financing for key housing projects, with over 1.6 trillion yuan allocated for affordable housing and a 52% annual growth in loans for rental housing [6]. - The establishment of a city real estate financing coordination mechanism aims to provide financing support based on project development status and the qualifications of developers, promoting fair and just financing practices [7].

Core Insights - The financial sector has made significant achievements during the "14th Five-Year Plan" period, with reforms in rural credit cooperatives and orderly restructuring of city commercial banks [1] - The development of joint-stock banks has been characterized by high-quality growth, while insurance and asset management institutions are returning to their core functions [1] - The number of small and medium-sized banks has been reduced, with a focus on improving quality and optimizing their layout [1] Group 1 - The reform of rural credit cooperatives has progressed rapidly, with over half of the provinces establishing provincial-level legal entities [1] - The restructuring of city commercial banks has been implemented in an orderly manner, contributing to the overall stability of the financial sector [1] - The financial regulatory authority has increased efforts in the merger and restructuring of small and medium-sized banks, ensuring that related risks remain controllable [1]

Core Viewpoint - The financial regulatory authority highlights significant achievements in the financial sector during the "14th Five-Year Plan" period, emphasizing reforms in rural credit cooperatives, urban commercial banks, and the overall quality development of joint-stock banks [1] Group 1: Financial Sector Reforms - The reform of rural credit cooperatives has progressed rapidly, with over half of the provinces establishing provincial-level legal entities [1] - The restructuring of urban commercial banks is being implemented in an orderly manner, contributing to the overall stability of the banking sector [1] - Joint-stock banks are experiencing high-quality development, indicating a focus on sustainable growth and improved operational efficiency [1] Group 2: Institutional Enhancements - There is a solid push for insurance and asset management institutions to return to their core functions, enhancing their role and positioning within the financial ecosystem [1] - The quality improvement and reduction of small and medium-sized financial institutions have shown significant results, with ongoing optimization of their operational layouts [1] Group 3: Regulatory Measures - The financial regulatory authority has intensified the merger and restructuring of small and medium-sized banks, aligning with the central government's directive to reduce quantity while improving quality [1] - The associated risks from these changes are deemed controllable, reflecting confidence in the regulatory framework and its implementation [1]