The financial stability bureau of the Central Bank of China issued a document on the 3rd, saying that important achievements have been made in preventing and resolving financial risks since the 19th National Congress of the Communist Party of China, including a comprehensive clean-up and rectification of the financial order. Effectively curb the speculation of domestic virtual currency transactions, and the global share of bitcoin transactions in China has rapidly decreased from more than 90% to 10%. The financial stability bureau of the central bank said that the centralized rectification of Internet financial chaos has been transferred to normal supervision. All P2P online loan platforms withdrew from operation, and the outstanding loan balance decreased from the initial 1.2 trillion yuan (RMB) to 490 billion yuan. We have severely cracked down on illegal financial activities such as disorderly handling of Finance and "driving without a license", carried out special actions to combat the crime of illegal fund-raising, and filed and investigated 25000 cases of illegal fund-raising in the past five years. At the same time, we will bring all the financial businesses of Internet platform enterprises under supervision, standardize the business cooperation between licensed institutions and Internet platform companies, strengthen financial antitrust and unfair competition, and maintain market order. The financial stability bureau of the central bank said that since the fifth national financial work conference, it has resolutely managed the general gate of money, curbed the rapid rise of macro leverage, and created policy space for the follow-up fight against the epidemic and strengthening counter cyclical regulation. After the situation of epidemic prevention and control stabilized, the support policies for early response to the epidemic were further optimized, and the macro leverage ratio returned to the basic stable track, which was 272.5% at the end of 2021. The financial stability bureau of the central bank also pointed out that the current chassis of China's financial system is stable. It is embodied in the overall stability of banking financial institutions, the comprehensive strengthening of the concept of legalization and marketization, and the gradual improvement of the long-term mechanism of risk prevention and control. According to the data, the total assets of China's banking industry accounted for more than 90% of the total assets of the financial industry. In the fourth quarter of 2021, 4082 of the 4398 banking financial institutions in China were rated within the safe boundary, and the assets accounted for 98.96% of the total assets of the banking industry, while the number of high-risk banking institutions decreased to 316 for six consecutive quarters from the peak level of 649 in the third quarter of 2019, At the end of the 14th Five Year Plan period, it is expected to drop to less than 200. (Xinhua News Agency)