MK socks National Administration of Financial Regulation is established on May 18, 2023 and is in charge of regulating the entire financial businesses excluding the securities sector, which is administered by China Securities Regulatory Commission. Photo: VCG" src="https://www.globaltimes.cn/Portals/0/attachment/2025/2025-01-12/e998749f-45d3-4845-ac38-13eb162e51d9.jpeg" />

The National Administration of Financial Regulation is established on May 18, 2023 and is in charge of regulating the entire financial businesses excluding the securities sector, which is administered by China Securities Regulatory Commission. Photo: VCG

China's National Financial Regulatory Administration (NFRA) held a regulatory work meeting for 2025 on Sunday and vowed to implement risk prevention measures in an orderly way and strengthen regulation, as part of the continuous efforts in promoting high-quality financial development.

The NFRA's meeting reviewed relevant achievements in 2024, while setting key tasks for the new year, according to a statement.

Key achievements in 2024 included mitigating risks in small and medium-sized financial institutions and implementing a coordinated mechanism for urban real estate financing, with loans for "whitelisted" projects surpassing 5 trillion yuan ($681 billion), per the NFRA.

The conference emphasized that 2025 is the concluding year of the 14th Five-Year Plan (2021-2025). It called for orderly and effective risk prevention, persistently strengthening regulations, and full efforts to promote development, while firmly maintaining the bottom line of preventing systemic financial risks, the NFRA said.  

In addition, efforts will be made to drive high-quality financial development, and support the achievement of annual economic and social development goals, according to the NFRA.

Among the key tasks, the conference called for accelerating reforms and risk resolution in small financial institutions. It called for effective prevention and resolution of financial risks in key areas, including expanding and enhancing the urban real estate financing coordination mechanism and supporting the establishment of a new development model for the real estate sector.

Global Times