Greater China Banks Daily "Ding Xiangqun appointed NFRA Head, with cross..."

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Greater China Banks Daily "Ding Xiangqun appointed NFRA Head, with cross..."

Global Research

8 June 2026ab

Greater China Banks Daily Equities

ChinaDing Xiangqun appointed NFRA Head, with

cross-sector experience; China proposes a Banks

reform to housing provident Fund system MayAnalystYan

may.yan@ubs.com

+852-2971 7157

Ding Xiangqun appointed NFRA Head, with cross-sector experience Alex Ye

Analyst

Southern Metropolis Daily, Jun 5: China has appointed Ms. Ding Xiangqun as head of S1460522090005

the National Financial Regulatory Administration (NFRA), marking the agency’s second alex.ye@ubs.com

leadership change since its establishment in 2023 and succeeding Li Yunzhe, who was +86 755 2215 8858

suddenly removed from the post. Ding brings extensive cross-sector experience

Catherine Yang, CFA

spanning commercial banking, insurance, policy banking and regional government, Analyst

having held senior roles at Bank of China, PICC and China Development Bank, as well as S1460526010003

provincial leadership positions. catherine-za.yang@ubs.com

+86-755-2215 8860

China proposes a reform to housing provident Fund system Helen Li, CFA

STCN, Jun 5: China’s Ministry of Housing and Urban-Rural Development has released a Analyst

draft revision of the Housing Provident Fund regulation, introducing four key changes helen-za.li@ubs.com

aimed at aligning the system with a maturing housing market: (1) Withdrawal scope is +852-2971 6066

broadened beyond home purchases to include renovation and property management

expenses, reflecting a shift toward full lifecycle housing consumption. (2) Individual

businesses, part-timers and other flexible workers may join voluntarily. (3) Loan-approval

time is cut from 15 to 10 days, with mutual recognition/lending and digitalization. (4)