Flash News

TREE NEWS update: People’s Bank of China Governor Pan Gongsheng said on October 19 at the opening of the 2026 Financial Street Forum that the central bank will push to retire the benchmark deposit and lending rates, replacing them with market-based pricing references. Bank lending already uses references including the loan prime rate and the interbank overnight repo rate, while since the first quarter the PBOC has published average deposit rates by tenor as a reference for bank pricing.

TREE NEWS update: China Securities Regulatory Commission Chairman Wu Qing said on October 19 that the CSRC will fully counter multiple unexpected imported risks, speaking at the opening of the 2026 Financial Street Forum. He said the regulator is implementing the national 15th Five-Year Plan and the new ‘Nine National Rules,’ advancing risk prevention, stronger supervision and high-quality development together, with market fundamentals gradually improving.

TREE NEWS update: Ding Xiangqun, head of China’s National Financial Regulatory Administration, said on Oct. 19 that the country’s banking and insurance sectors are running stably overall, with large institutions operating soundly and reforms to defuse risks at smaller institutions progressing in an orderly manner. Speaking at the opening of the 2026 Financial Street Forum in Beijing, Ding said overall risks remain controllable and pledged to steadily handle high-risk institutions and push for continued risk convergence.

TREE NEWS update: China’s National Financial Regulatory Administration will continue to optimize regulatory policies to help raise the development level of Beijing’s international science and technology innovation center, NFRA head Ding Xiangqun said at the opening ceremony of the 2026 Financial Street Forum annual meeting. Ding said the regulator would keep refining its supervisory approach in support of the capital’s tech innovation push.

TREE NEWS update: China’s National Financial Regulatory Administration will push ahead with institutional opening of the financial sector and support more foreign institutions and long-term capital to operate and invest in the country, its head Ding Xiangqun said at the 2026 Financial Street Forum opening ceremony. The regulator pledged timely responses to foreign institutions’ requests, improved rules and a fair, transparent and stable policy environment, and encouraged foreign firms to use their strengths in wealth management, pension and health, and green finance in more business pilots.

TREE NEWS update: China’s banking sector provided more than 20 trillion yuan in new financing support to the real economy in the first three quarters of the year, while insurance payouts reached nearly 2 trillion yuan, said Ding Xiangqun, head of the National Financial Regulatory Administration, at the opening of the 2026 Financial Street Forum annual meeting on October 19. Ding said banks’ role as the main financing channel and insurance’s protective function were brought into full play.

TREE NEWS update: People’s Bank of China Governor Pan Gongsheng said on October 19 that the central bank will step up financial support for the artificial intelligence industry and will prudently advance AI applications in the financial sector. Speaking at the opening of the 2026 Financial Street Forum, Pan said AI’s rapid global development is profoundly affecting productivity, investment, employment, income distribution and financial stability. The PBOC will closely track and assess AI’s macroeconomic impact, he said.

TREE NEWS update: China’s National Financial Regulatory Administration will bring all financial activities under supervision, director Ding Xiangqun said at the opening of the 2026 Financial Street Forum in Beijing on Friday. He said banking and insurance sectors are running stably, with risks generally under control. The regulator is tightening oversight of cross-regional, cross-departmental and new-format financial activities to achieve full coverage with no exceptions.

TREE NEWS update: People’s Bank of China Governor Pan Gongsheng said the central bank’s overnight reverse repurchase rate will become its main policy rate. The shift makes the short-term open-market rate the primary tool for signaling the monetary policy stance, replacing the current framework’s emphasis on longer-tenor operations.

TREE NEWS update: People’s Bank of China Governor Pan Gongsheng said the central bank has clarified the policy rate status of its 7-day reverse repo rate and added overnight operations, making the market-based interest rate control mechanism clearer. Speaking at the opening of the 2026 Financial Street Forum, Pan said the PBOC has also bought and sold government bonds in open market operations, further enriching its monetary policy toolkit. The central bank is strengthening rate policy enforcement and coordination with fiscal and industrial policies.

TREE NEWS update: People’s Bank of China Governor Pan Gongsheng said the central bank will accelerate building a technology-finance service system aligned with the core functions and international positioning of international science and technology innovation centers. Speaking at the opening of the 2026 Financial Street Forum, he said the PBOC, with the Ministry of Science and Technology and nine other departments, issued guidance on financial support for building such centers in Beijing-Tianjin-Hebei, Shanghai-Yangtze River Delta and the Guangdong-Hong Kong-Macao Greater Bay Area. The PBOC will expand relending, the bond market’s “tech board” and cross-border investment and financing policies in these regions.

TREE NEWS update: People’s Bank of China Governor Pan Gongsheng said the central bank will pilot allowing eight Chinese and foreign RMB offshore clearing banks to conduct proprietary trading in the onshore interbank foreign exchange market, making it easier for overseas institutions to participate. Speaking at the opening of the 2026 Financial Street Forum, Pan said the move follows international market practice and trading conventions and aims to promote integration of onshore and offshore markets. The PBOC will expand FX market opening further based on pilot results.

TREE NEWS update: People’s Bank of China Governor Pan Gongsheng said the central bank will roll out a liquidity support tool for large redemptions by non-bank institutions, working with the National Financial Regulatory Administration and the China Securities Regulatory Commission. Pan announced the plan at the opening of the 2026 Financial Street Forum. The tool is aimed at non-bank institutions facing large-scale redemptions.

TREE NEWS update: China’s Ministry of Commerce will implement optimized and adjusted export control measures on drone-related items starting November 18, following an announcement issued October 19 jointly with relevant departments under the Export Control Law. The ministry said it firmly opposes the use of drones for non-peaceful purposes in violation of rules, while firmly supporting Chinese companies’ international trade and cooperation in civilian drone applications. Relevant countries and regions with established export-control dialogue mechanisms with China were notified in advance.

TREE NEWS update: Two Chinese government departments published optimized and adjusted export control measures covering dredger-related items. The notice gave no further detail on the scope of the changes or the items affected. It was not immediately clear when the adjusted measures take effect.

TREE NEWS update: China’s Ministry of Commerce and the General Administration of Customs said they will further optimize the handling of queries and identification procedures for export controls on dual-use items. The two agencies announced the move in a joint statement, without providing a timeline or further details on the changes. Dual-use items are goods, technologies and materials that can serve both civilian and military purposes.

TREE NEWS update: China’s Ministry of Commerce and General Administration of Customs announced export controls on tunneling machines, walking excavators and plateau-type wet shotcrete machines, citing national security and interests. The decision, approved by the State Council, was issued under the Export Control Law, Foreign Trade Law, Customs Law and dual-use export control regulations. The controls cover related items in all three equipment categories.

TREE NEWS update: China’s Ministry of Commerce, General Administration of Customs and the Central Military Commission Equipment Development Department issued Announcement No. 49 of 2026, adjusting export control measures on certain unmanned aircraft-related items to safeguard national security and interests. Items meeting specified characteristics may not be exported without a license, and exporters must apply to the State Council’s commerce department under relevant regulations. The measures take effect on Nov. 18, 2026.

TREE NEWS update: Ding Xiangqun, party secretary and director of China’s National Financial Regulatory Administration, met Bridgewater Associates founder Ray Dalio and his delegation on October 14, 2026. The two sides exchanged views on the international economic and financial situation, the development of China’s financial sector and high-level opening-up. No further details of the meeting were disclosed.