[State Administration of Financial Supervision: Bring all financial activities under supervision in accordance with the law] On October 19, the opening ceremony of the 2026 Financial Street Forum Annual Meeting was held in Beijing this afternoon. Ding Xiangqun, director of the State Administration of Financial Supervision, introduced that at present, China’s banking and insurance industries are operating stably as a whole, large institutions are operating steadily, small and medium-sized institutions are advancing in an orderly manner, and risks are generally controllable. Ding Xiangqun said that we should focus on key areas and take the initiative to mitigate risks. Improve the disposal mechanism, enrich risk management resources, comprehensively use mergers and reorganizations, market exits and other methods to properly dispose of high-risk institutions and promote continued risk convergence. Strengthen coordination and linkage and eliminate regulatory gaps. The State Administration of Financial Supervision, together with all parties, has severely cracked down on illegal financial activities, strengthened the supervision of financial activities across regions, departments, new formats and new products, and brought all financial activities into supervision in accordance with the law, striving to achieve full coverage without exception. Ding Xiangqun introduced that in recent years, the construction of China's financial rule of law has entered the fast lane, and significant progress has been made in the legislative amendments to the Financial Law, the Banking Supervision Law, and the Insurance Law, and the regulatory system is also accelerating to improve. On the one hand, focusing on the need for strong supervision of different types of institutions to prevent risks, as well as new situations and new issues such as cooperation between institutions and third parties, network security, etc., we must speed up the filling of shortcomings and strengthen the institutional firewall. On the other hand, we must seriously investigate and deal with key people, key matters, and key behaviors that cause major financial risks, strengthen rigid constraints, and enhance the deterrent effect, so that the regulatory system can truly become a "live high-voltage line."