The CENTRAL bank: The financial stability system should be improved, and the resolution mechanism should be market-oriented, law-based and normalized

2022-06-21 0 By

Beijing Business Daily (reporter Yue Pin-yu Liao Meng) On April 1, according to the official website of the People’s Bank of China, the People’s Bank of China recently held the 2022 financial stability work video conference to implement the deployment of the Central Bank work conference, summarize the financial stability work in 2021, analyze the current economic and financial risk situation, and deploy the key work in 2022.Conference, thinks that in 2021 the central bank’s financial stability system implementation of the CPC Central Committee and the State Council decision deployment earnestly, the requirements to the finance committee under the State Council, under the correct leadership of party committee of good, constantly improve the systemic risk prevention and control system, continue to promote financial deepening reform, safe disposal of key areas, key regional risk, financial risk overall convergence, the overall control.Drawing on the valuable experience accumulated in the early years, the financial stability system continued to prevent and control financial risks on a regular basis, and made more proactive and coordinated efforts. Positive results were achieved in targeted bomb disposal, risk reform, front-line treatment, and building mechanisms to strengthen weak links.The meeting called for the central bank’s financial stability system in 2022 to continue to adhere to the general tone of seeking progress while maintaining stability, in accordance with the principle of “stabilizing the overall situation, overall planning and coordination, implementing policies based on different categories and taking targeted measures to defuse bombs”, highlight key areas, consolidate responsibilities of all parties, effectively reduce existing risks and strictly control incremental risks, and do a good job in preventing and defusing financial risks.We should improve the mechanism and promote the marketization, rule of law and normalization of the disposal mechanism.We need to coordinate regulatory and disposal resources, strengthen horizontal and vertical coordination, and form synergy in handling financial risks.To further strengthen the system concept, adhere to the bottom line of thinking, enhance the suffering consciousness, improve the ability of prevention and control, ensure deployment in place, build more strong and effective financial safety net, systemic financial risk does not occur to hold the bottom line, resolutely maintain economic and social stability, take concrete actions to meet the party’s great victory at 20.Disclaimer: This article is reproduced for the purpose of conveying more information.If the source is wrong or violated your legitimate rights and interests, please contact the author with proof of ownership, we will promptly correct, delete, thank you.Email address: