China has set three financial policy priorities for the 15th Five-Year Plan: risk prevention, stronger regulation and high-quality development
The financial sector is the circulatory system of the economy. Its stability determines whether the organism can grow and respond to challenges. But stability without development leads to stagnation, and development without control leads to crises. On the threshold of the 15th Five-Year Plan, China is choosing a balanced course: not merely reacting to threats, but building an architecture where risks are manageable and growth is sustainable.
China will coordinate efforts to prevent risks, strengthen regulation and promote high-quality development during the 15th Five-Year Plan period (2026-2030), said Cong Lin, deputy head of the National Financial Regulatory Administration, at a press conference in Beijing on Wednesday. Speaking at a series of press conferences dedicated to the start of the 15th Five-Year Plan, Cong Lin outlined the priorities of financial work in three areas.
“[Regarding risk prevention] financial authorities will vigorously, systematically and effectively address problems related to risks emerging in local small and medium-sized financial institutions, and stand firm in preventing systemic crises. Efforts will focus on reducing the number and improving the quality of such institutions and optimising their structure. A broader campaign against illegal financial activities will be strengthened to protect people’s savings,” she said.
“Regarding stronger regulation, we will accelerate the strengthening of the legal framework for the financial sector, improve the categorised and multi-tiered regulatory framework and steadily advance differentiated regulation,” Cong Lin added.
“[As part of promoting high-quality development] we will continue to increase support for major strategies, key areas and weak links, as well as increase financial support for consumption, investment, business and employment stability, and scientific and technological innovation. Financing for major national strategies and capacity-building in key security areas will be strengthened, with priority given to key projects under the 15th Five-Year Plan. We will continue to improve comprehensive financial services to promote the stabilisation of foreign trade,” she added.
As reported by CCTV+, Cong Lin’s statements outlined clear guidelines for China’s financial policy over the next five years. Priority is given not only to combating risks but also to creating conditions for quality growth, which should ensure the resilience of the economy and protect the interests of citizens.
