China Banking Association Announces Top 10 Banking Events of 2025

On March 17, the China Banking Association announced the “Ten Major Events” for the banking industry in 2025. Xing Wei, Secretary of the Party Committee and full-time Vice President of the China Banking Association, stated that these ten major events focus on building a strong financial nation, centered around the revision of the “Banking Supervision Law of the People’s Republic of China,” financial risk prevention and mitigation, the “Five Major Articles” of finance, support for small and micro enterprises’ financing coordination mechanisms, development of new productive forces, boosting consumption, and advancing high-level opening-up, among other key areas. They comprehensively and multi-dimensionally showcase significant achievements in banking reform and development.

The details are as follows:

1. The Fourth Plenary Session of the 20th Central Committee approved the “Proposal of the Central Committee of the Communist Party of China on Formulating the 15th Five-Year Plan for National Economic and Social Development,” which proposed accelerating the construction of a financial powerhouse. “Financial Powerhouse” was included in the Five-Year Plan for the first time, setting a clear path for high-quality development of the banking industry. During the “14th Five-Year” period, banks aim to achieve the goals of economic and social development, shift perspectives quickly, deepen professional expertise, and realize digital transformation. Under strict regulation, they will solidly work on risk prevention and high-quality development, striving to achieve new accomplishments in building a financial powerhouse during this period.

2. The “Revised Draft of the Banking Supervision Law of the People’s Republic of China” was reviewed and approved in principle at the State Council executive meeting in September, and in December it was submitted to the 19th Standing Committee of the 14th National People’s Congress for the first review. The legislative process for the industry has accelerated, with broader regulatory coverage, greater transparency, and richer measures. Financial regulatory authorities have deepened their commitment to “regulation for the people,” revising and issuing various systems such as corporate governance, regulatory ratings, and suitability management, to improve governance, strengthen consumer rights protection, and crack down on illegal financial activities, ensuring healthy development.

3. The General Office of the State Council issued the “Guiding Opinions on Doing a Good Job in the ‘Five Major Articles’ of Finance,” proposing a systematic policy framework and planning financial services for the real economy. The banking industry has resolutely implemented these guiding opinions, with significant achievements in supporting the development of the “Five Major Articles,” and the accessibility of financing and the matching of financial products and services in key areas and weak links continue to improve.

4. 2025 marks the final year of the 14th Five-Year Plan. During this period, the banking industry has maintained stable operation, achieved new leaps in high-quality development, elevated services to the real economy, and opened new chapters in financial regulation. By the end of 2025, total assets of banks will reach 480 trillion yuan, ranking first in the world; among the top 1,000 banks globally, 143 are Chinese banks, with China occupying 6 of the top 10 spots, further consolidating its position as the largest credit market. The Ministry of Finance issued 500 billion yuan in special national bonds to support China Bank, China Construction Bank, Bank of Communications, and Postal Savings Bank in capital replenishment.

5. During the “14th Five-Year” period, China has achieved major results in preventing and resolving financial risks, firmly safeguarding against systemic financial risks. Risks in small and medium-sized financial institutions have been handled prudently, with a significant reduction in the number and assets of high-risk institutions. The city real estate financing coordination mechanism has been expanded and improved, actively supporting the restructuring and refinancing of financial platform operational debts.

6. The National Financial Regulatory Administration (NFRA) has implemented the spirit of the symposium on private enterprises held on February 17,坚持“两个毫不动摇”，将助力民营经济高质量发展作为责无旁贷的重大课题和任务。NFRA and the National Development and Reform Commission (NDRC) are leading efforts to deepen support for small and micro enterprises’ financing coordination, through interdepartmental and local government collaboration, effectively supporting the financing needs of private and small enterprises. Since the establishment of the support mechanism, banks have provided loans exceeding 30 trillion yuan to 13.55 million small and micro business entities, with credit loans accounting for 32.2%.

7. Develop new productive forces according to local conditions, accelerate the cultivation of new drivers of growth, promote economic restructuring and upgrading, advance rural revitalization, and foster sustained and healthy economic and social development. The NFRA issued the “Notice on Further Expanding the Pilot Program for Equity Investment in Financial Asset Investment Companies,” optimizing pilot policies; also released the “Management Measures for Mergers and Acquisitions Loans of Commercial Banks,” supporting the construction of modern industrial systems and the development of new productive forces. The banking industry strengthens coordinated support through credit, equity, bonds, and other tools, focusing on strategic emerging industries, tech-based small and medium enterprises, and major scientific and technological projects, activating innovation momentum through full lifecycle financial services.

8. A package of financial policies to stabilize the market and expectations has been released, implementing moderately loose monetary policy through tools like reserve requirement ratio cuts and interest rate reductions to maintain reasonable liquidity and lower overall social financing costs. By December 2025, the interest rates for newly issued corporate loans and personal housing loans are approximately 3.1%, down 2.5 and 2.7 percentage points respectively since late 2018. The banking industry continues to support technological innovation, boost consumption, small and micro enterprises, and stabilize foreign trade, helping the real economy and consolidating the positive economic trend.

9. The General Office of the CPC Central Committee and the State Council issued the “Special Action Plan to Boost Consumption,” calling for vigorous efforts to stimulate consumption and expand domestic demand comprehensively. Financial authorities have introduced policies to develop consumer finance, strengthen coordination with fiscal policies, and implement interest subsidies for personal consumer loans and loans for service industry operators. Banks enrich financial products, improve services, and create a favorable consumption environment to support expanding domestic demand and enhance people’s sense of gain and satisfaction. By the end of 2025, the balance of loans in key areas of service consumption nationwide will reach 2.8 trillion yuan, a 6% increase; household consumption loans (excluding mortgages) will total 21.2 trillion yuan.

10. Financial authorities have released multiple major measures to further open up the financial sector, steadily expanding high-level opening-up, promoting cross-border connectivity, and ensuring high-quality joint construction of the “Belt and Road” initiative. They support the development of Shanghai as an international financial center, the operation of Hainan Free Trade Port, and advance institutional financial opening in broader and deeper areas.

(Editors: Guo Jiandong)

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