[The State Administration of Financial Supervision and Administration holds the 2026 meeting of the International Advisory Committee] October 21st, the State Administration of Financial Supervision and Administration held the 2026 meeting of the International Advisory Committee (IAC) in Beijing from October 19th to 20th. He Lifeng, member of the Political Bureau of the CPC Central Committee and Vice Premier of the State Council, met with members of the International Advisory Committee of the State Administration of Financial Supervision at the Diaoyutai State Guesthouse on the evening of the 19th. He said that China is fully implementing the "15th Five-Year Plan" outline and will continue to unswervingly expand high-level opening up of the financial sector and accelerate the construction of a financial power. We welcome more foreign financial institutions to invest in China, deepen cooperation with China, and provide high-quality financial services for China's modernization drive. Ding Xiangqun, Secretary of the Party Committee and Director of the State Administration of Financial Supervision, attended the meeting and introduced the latest developments in China's banking and insurance industries, as well as the work priorities of the State Administration of Financial Supervision in preventing risks, strengthening supervision, promoting high-quality development, and expanding high-level opening-up during the "15th Five-Year Plan" period. The meeting held in-depth discussions on financial risks and supervision under the current international situation, and risk disposal strategies of financial institutions. Representatives attending the meeting fully affirmed China's development achievements during the "14th Five-Year Plan" period and expressed their confidence in the resilience and long-term development prospects of China's economy during the "15th Five-Year Plan" period. The meeting believed that in the context of rising uncertainty in the current international environment, regulatory authorities in various countries should strengthen policy coordination and cross-border regulatory cooperation to prevent and respond to cross-border risks; guide financial institutions to use new technologies such as artificial intelligence to improve efficiency while strengthening new financial risk prevention; constantly improve financial risk early warning and disposal mechanisms to maintain the bottom line of no systemic risks. Sheila Bell, former chairman of the U.S. Federal Deposit Insurance Corporation, Shen Liantao, former chairman of the Hong Kong Securities and Futures Commission, Yao Jianhua, chairman of the Hong Kong Insurance Regulatory Authority, Sergio Babinotte, chairman of Allianz Group (Italy) and former chairman of the European Insurance Federation, Du Jiaqi, independent non-executive chairman and independent non-executive director of AIA Group, Wu Yingke, chairman of Mizuho Financial Group, Luo Ruisi, chairman of Standard Chartered Group, Huang Shanwen, chairman of the Administrative Committee of the Monetary Authority of Macau and other members attended the meeting.