National Financial Regulatory Administration · Full chronicle and history

The Financial Times reported on October 4, citing data from the National Financial Regulatory Administration, that more than 670 banking institutions in China failed in 2025, almost all of them located in rural areas; statistics from Fitch show that the number of banking institutions has fallen to 3,139, a 23% decrease over four years, with small banks suffering from poor asset quality and insufficient capital, while the property downturn and deflation squeeze profits.

The Ministry of Finance, the central bank, and the National Financial Regulatory Administration jointly announced that starting October 1, eligible first-home mortgages will receive a fiscal interest subsidy of 1 percentage point per annum.

On September 29, the Ministry of Finance, the central bank, and the National Financial Regulatory Administration jointly announced that starting October 1, eligible first-home mortgages will receive fiscal interest subsidies, with an implementation period provisionally set at one year — the first time the central fiscal budget has subsidized individual housing mortgages. The subsidy applies to newly purchased first-home loans for properties with an area of no more than 120 square meters and a total price of no more than 1.5 million yuan, providing an annualized interest subsidy of 1 percentage point on loans of up to 1 million yuan, for a maximum of five years.

On August 28, 2026, the People’s Bank of China and the National Financial Regulatory Administration jointly issued new real estate credit policy rules, officially extending the maximum term of personal housing loans from 30 years to 40 years, sparking widespread public debate.

China’s central bank and the financial regulator issued Document No. 171, allowing borrowers who cannot repay to defer payments, extend loan terms, or directly delay principal repayment, with extensions capped at half of the original loan term.

On July 3, 2026, Zhongbang Bank, a private internet bank in Wuhan, was jointly taken over by the National Financial Regulatory Administration and the Hubei Provincial Government. The bank was established in 2017, with Wuhan Zhuor Holdings as its largest shareholder, and mainly engages in supply chain finance.

China's National Financial Regulatory Administration recently issued verbal guidance suggesting that several major domestic banks suspend issuing new RMB loans to five refineries sanctioned by the U.S. for involvement in Iranian oil transactions.

On April 28, 2026, Li Yunze was announced as removed from his posts of Party Secretary and Director of the National Financial Regulatory Administration; the next day his information was deleted from the leadership section of the official website, and he was later stripped of his status as a deputy to the National People's Congress.

According to information on the official website of the National Financial Regulatory Administration, as of December 23, 2025, 226 village banks had completed deregistration and withdrawal that year, compared with 83 in 2024.