China to further strengthen financial supervision: official

China's National Financial Regulatory Administration will strengthen financial supervision striving to bring all financial activities under regulation, said Ding Xiangqun, head of the administration.

Speaking at the opening of the 2026 Annual Conference of the Financial Street Forum in Beijing, Ding said that China's banking and insurance industries are currently operating smoothly overall.

Large institutions are running steadily, reforms and risk resolution at small and medium-sized institutions are progressing in an orderly manner, and risks are generally under control, she said.

Ding emphasized that efforts will be made to improve risk disposal mechanisms, enrich risk resolution resources, and comprehensively use methods such as mergers and reorganizations, as well as market exit, to handle high-risk institutions in a steady and safe manner.

She also stressed the need to strengthen coordination and eliminate regulatory gaps.

"We will join hands with all relevant parties to crack down hard on illegal financial activities, and strengthen supervision over cross-regional, cross-departmental financial activities and those involving new business forms and new products. We aim to bring all financial activities under supervision in accordance with the law to ensure full coverage with no exceptions," Ding said.

She further outlined specific measures to strengthen regulation.

"On the one hand, we will step up efforts to shore up weak links and tighten the institutional firewall to meet the needs of risk prevention and strong supervision for different types of institutions, and to address new situations and problems arising from cooperation between institutions and third parties, as well as cybersecurity. On the other hand, we will strictly investigate and punish the key people, matters, and behaviors that cause major financial risks, strengthen rigid constraints, and enhance the deterrent effect," Ding said.

China to further strengthen financial supervision: official

China to further strengthen financial supervision: official

Iran's Persian Gulf and Strait Authority (PGSA) announced on Monday that it had added 122 vessels to its non-compliance list for the Strait of Hormuz, according to Iranian media.

Citing a statement from the authority, Iranian media reported that action has been taken against more than 40 vessels. Nineteen vessels are currently in talks with the authority, seeking either to stay off the list or to be removed from it. Two vessels have agreed to fulfill the authority's terms and have been removed from the list. The authority noted that nearly 30 ships have received warnings. They will be placed on the blacklist if they fail to carry out necessary rectification measures. The PGSA said it will offer assistance to vessels that voluntarily address their violations.

Iran blacklists 122 ships trying to sail through Strait of Hormuz