PRC Financial Regulation Annual Report (2026) General

Preamble

With the passage of time, new opportunities blossom. We are at the intersection between the conclusion of the 14th Five-Year Plan and the start of the 15th Five-Year Plan, and China’s financial policy has consistently demonstrated strategic resolve and structural resilience amidst shifting global trends and intensifying geopolitical volatility. The “Five Key Financial Initiatives” continue their sound and good progress, while artificial intelligence has emerged as a critical engine driving the development of capabilities to a new level.

The road to progress is long, and it calls for bold steps. This first year of the 15th Five-Year Plan will unleash a new wave of technological revolution and industrial transformation. The financial market still needs to transition from scale-driven, extraneous growth, to an intrinsic growth model centered on quality improvement and efficiency gains. China’s financial policy will continue to feature targeted measures, reinforcing market