China to Speed Up Banking, Insurance Law Revisions Amid Cross-Border Risk Concerns
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Ding Xiangqun, head of the National Financial Regulatory Administration, speaks at the Lujiazui Forum in Shanghai on June 17, 2026. Photo: VCG
China will accelerate revisions to its banking and insurance laws and strengthen international cooperation to address cross-border financial risks, the country’s top financial regulator said Wednesday.
The planned legal overhaul and push for closer global regulatory coordination come as geopolitical tensions, diverging macroeconomic policies and the rapid adoption of artificial intelligence add to vulnerabilities in the global financial system.
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