The State Council issued the "Opinions on Strengthening Supervision, Preventing Risks, and Promoting the High-quality Development of the Insurance Industry". Prudently promote risk disposal. Expand the sources of risk disposal funds, support qualified enterprises to participate in the reform and restructuring of insurance institutions. Improve the market exit mechanism. For insurance institutions with high risks and no sustained operational capacity, financial licenses will be confiscated and bankruptcy liquidation procedures will be initiated in accordance with the law. Implement the local party committees' and governments' responsibility for risk disposal, strengthen the regulatory responsibility of the central financial management departments, and coordinate the promotion of risk disposal.