Ding Xiangqun, director of the State Administration of Financial Supervision and Administration, said at the opening ceremony of the 2026 Financial Street Forum annual meeting on October 19 that in the first three quarters of this year, the banking industry provided more than 20 trillion yuan in additional financing support to the real economy, close to 2 trillion yuan in insurance claims. The main channel for bank financing and insurance protection played a strong role.

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