China will support efforts to defuse risks in the property sector and local government debt, the country’s top financial regulator said on Wednesday.

Speaking at the 2026 Lujiazui Forum in Shanghai, Ding Xiangqun, head of the National Financial Regulatory Administration, said regulators would strengthen supervisory standards, step up risk prevention measures and ensure that systemic financial risks are avoided. 

Authorities will also continue to address risks at smaller financial institutions in an orderly manner, he said.