Financial Regulatory Administration: Promote Capital Supplementation for State-Owned Large Commercial Banks, Study Diversified Capital Supplementation for Small and Medium-Sized Financial Institutions

According to Meiri AI Express, the website of the Financial Regulatory Administration announced that on March 16, the Party Committee of the Financial Regulatory Administration held an expanded meeting. The meeting emphasized the need to effectively enhance the industry’s capacity for high-quality development. It urged banking and insurance institutions to focus on their core businesses and develop in a differentiated manner. The meeting also called for deepening efforts to reduce the size, improve quality, and optimize the layout of local small and medium financial institutions. It stressed the importance of continuously regulating industry order and cracking down on disorderly competition. Additionally, it encouraged large state-owned commercial banks to replenish capital and explored diversified methods to supplement the capital of small and medium financial institutions.

Daily Economic News

(Chief Editor: Guo Jiandong)

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