Financial regulation is an important guarantee for the stable operation of the financial system. How will financial regulatory work be carried out in 2025? The 2025 Regulatory Work Conference held by the State Administration of Financial Supervision and Administration on the 12th clarified six key regulatory tasks, including accelerating the reform of small and medium-sized financial institutions into insurance. One is to accelerate the reform of insurance for small and medium-sized financial institutions. Adhere to overall planning, division of labor and package of cases, and cohesion, make every effort to deal with high-risk institutions, promote governance restructuring, management restructuring, and business reorganization. The second is to effectively prevent and resolve financial risks in key areas. Accelerate the expansion and efficiency improvement of the coordination mechanism for urban real estate financing, and support the construction of a new model for real estate development. Actively cooperate in preventing and resolving local government debt risks. Strictly prevent and crack down on illegal financial activities. The third is to effectively enhance the high-quality development capability of the banking and insurance industries. Urge banks and insurance institutions to strengthen asset liability linkage management, practice hard, reduce costs and increase efficiency, and focus on consolidating the foundation of sustainable development. Fourthly, we must adhere to a problem oriented approach and continuously enhance the quality and efficiency of supervision. Accelerate the promotion of important legislative amendments. Further standardize regulatory enforcement. Continuously improving regulatory capabilities, strengthening risk monitoring and early warning, and implementing differentiated supervision. Better fulfill the responsibility of coordinating financial consumer protection and practice the "Fengqiao Experience" in the new era. Establish a coordinated mechanism between the central and local governments, strengthen horizontal departmental linkage, and enhance overall regulatory synergy. Fifth, we will make every effort to promote the upward and positive operation of the economy. Deepen the five major articles on finance. Supporting comprehensive expansion of domestic demand, assisting in the implementation of consumption boosting actions, and efficiently serving the "dual" and "two new" sectors. Guide insurance and wealth management funds to support the stable and healthy development of the capital market. Actively serve the development of new quality productive forces, improve support policies for early investment, small investment, long-term investment, and investment in hard technology. Promote the implementation and refinement of the mechanism for coordinating financing support for small and micro enterprises. Improve the quality and efficiency of comprehensive financial services for cross-border trade, and help stabilize foreign investment and trade. Accelerate the filling of the shortcomings of the third pillar of elderly care, and continue to promote the improvement of a multi-party disaster insurance protection system. Sixth, we will promote high-level financial opening-up to the outside world with higher standards and greater efforts. Expand institutional openness, consolidate and enhance Hong Kong's position as an international financial center, and support the construction of Shanghai International Financial Center. The information from the conference also shows that by 2024, the coordination mechanism for urban real estate financing will be implemented effectively, and the approval of loans for "whitelist" projects will exceed 5 trillion yuan. The equity investment pilot of financial asset investment companies has been expanded to 18 cities, and the scale of signed intention funds has exceeded 340 billion yuan. The insurance industry has compensated over 2.3 trillion yuan. (New Society)