China to boost export support via banks, insurers

China's financial regulator is drafting new measures to support foreign trade through banking and insurance channels, aiming to ease mounting pressure on exporters, according to Li Yunze, head of the National Financial Regulatory Administration. Speaking at a recent forum, Li said banks would be urged to accelerate the rollout of trade-stabilisation policies and ensure financing support for eligible exporters is both timely and sufficient. Authorities also plan to refine export credit insurance rules, lower premiums, and speed up claims to help stabilise export orders and bolster business confidence. Li said the regulator will strengthen credit services for tech innovation by creating dedicated lending mechanisms and supporting tech-focused financial institutions.