[Director of the Regulations Department of the State Administration of Financial Supervision: Reorganization and integration of small and medium-sized banks is the general trend] On November 13, Wang Shengbang, chief lawyer and director of the Regulations Department of the State Administration of Financial Supervision, said at the 17th Caixin Summit that from a global perspective, the restructuring and integration of small and medium-sized banks is the general trend. In recent years, with the acceleration of domestic digital transformation, competition in the financial industry has become increasingly fierce. In order to adapt to changes in financial supply and demand, the Central Economic Work Conference held at the end of last year clearly stated that small and medium-sized financial institutions should be promoted to reduce quantity and improve quality. In accordance with the principles of "reducing legal persons without reducing services", marketization, and legalization, the number of legal entities of small and medium-sized banks should be reduced through absorption, mergers, restructuring and integration. This will help enhance the stability of the banking system, improve the quality and sustainability of financial supply, and is the proper way to improve economic and financial adaptability.