Li Yunze: Will introduce 8 new incremental policies in the near future.

Director Li Yunze of the China Banking and Insurance Regulatory Commission stated today at a press conference held by the State Council Information Office that in the near future, 8 incremental policies will be launched: First, accelerate the introduction of a series of financing systems compatible with the new development model of real estate to help maintain the stability of the real estate market. Second, further expand the pilot scope of long-term investment of insurance funds to introduce more incremental funds to the market. Third, adjust and optimize regulatory rules, further reduce the risk factors of stock investments of insurance companies, and support the stability and active development of the capital market. Fourth, promptly introduce a package of policies to support financing for small and micro private enterprises, deepen and implement a financing coordination mechanism to help stabilize enterprises and the economy. Fifth, formulate and implement a series of policies and measures to support the development of foreign trade in the banking and insurance industry, provide precise services to market entities greatly affected by tariffs, and fully support stable operations and market expansion. Sixth, revise and introduce regulations on merger and acquisition financing to promote the accelerated transformation and upgrading of industries. Seventh, initiate the establishment of financial asset investment companies, extending to national commercial banks that meet the conditions, and increase investment in innovative scientific and technological enterprises. Eighth, formulate opinions on the high-quality development of technology insurance to better play the role of risk sharing and compensation, providing strong protection for technological innovation.