China's financial regulator plans to improve offshore financial regulation and support pilot programs for new financial businesses in Shanghai, a senior official said on Wednesday.

Speaking at the 2026 Lujiazui Forum, Ding Xiangqun, head of the National Financial Regulatory Administration, said authorities will support the early implementation of new financial business models in Shanghai.

Ding also said regulators will jointly introduce measures with Shanghai to accelerate the city's development as an international reinsurance center and step up international cooperation in shipping insurance.