According to the official website of the China Banking and Insurance Regulatory Commission, recently, the China Banking and Insurance Regulatory Commission held a system wide mid-2022 work symposium and discipline inspection and supervision work (television and telephone) Symposium. The meeting pointed out that local governments should be supported to do a good job in "building guarantee" and promote the steady and healthy development of the real estate market. The meeting stressed the need to steadily promote the reform of the banking and insurance industry. Support local governments to issue special bonds to supplement the capital of small and medium-sized banks. We will deepen the reform of rural credit cooperatives. Promote the implementation of supporting policies and measures for the disposal of non-performing loans of small and medium-sized banks. Support local governments to do a good job in "building guarantee". Cooperate to prevent and resolve the hidden debt risk of local governments. We will resolutely crack down on illegal financial activities. The meeting called for putting macroeconomic stability in a more prominent position, giving better play to the role of financial counter cyclical regulation, and fully implementing a package of policies and measures to stabilize the economy. We will strengthen enterprise stabilization and relief, and take the initiative to make continuous financing arrangements for enterprises in catering, accommodation, cultural tourism, transportation and other industries. Strengthen small and micro financial services. Carry out special rectification of arbitrary charges related to enterprises. Guide and increase financial support for infrastructure construction projects. Focus on supporting Xinshi people to live and work in peace and contentment, and promote innovative financial products and services. Expand the coverage of export credit insurance. Steadily implement the opening-up measures of the financial industry. The meeting pointed out that it is necessary to speed up the completion of regulatory weaknesses. We will continue to strengthen the supervision of corporate governance, strengthen the penetration audit of shareholders' qualifications and the supervision and restraint of shareholders' behavior. Urge local financial institutions to go deep into the local area and strengthen community and county financial services. Accelerate the construction of big data platform for supervision and improve the digital and intelligent level of supervision. Focus on optimizing the regulatory coordination mechanism. (Xinhua News Agency)