According to the information on the website of the People's Bank of China on March 15, the People's Bank of China recently held the 2023 Financial Stability Work Conference. The meeting summarized the financial stability work in 2022, analyzed the current financial situation, and deployed the next stage of financial stability work. The meeting held that in 2022, the People's Bank of China's financial stability system will thoroughly implement the decisions and arrangements of the CPC Central Committee and the State Council, solidly promote the central inspection and rectification, effectively deal with and resolve outstanding risk points, continuously improve the financial risk prevention and control system and mechanism, deepen the reform of the financial system, improve the financial stability guarantee system, and make new achievements in preventing and resolving financial risks, effectively maintaining the overall situation of financial stability. The meeting pointed out that China's financial operation is generally stable and risks are controllable. In China's financial system, the banking sector accounts for more than 90% of the assets. The banking sector's financial institutions are generally operating soundly, especially the rating of large banks has been excellent, which is the "ballast stone" of China's financial system. Important progress has been made in the reform of small and medium-sized financial institutions in a few problems, illegal financial activities have been effectively regulated, and the financial market has operated smoothly. The meeting stressed that preventing and resolving financial risks is the eternal theme of financial work. The financial stability system should firmly adhere to the Party's overall leadership over the financial stability work, take the in-depth study and implementation of the spirit of the 20th CPC National Congress as the primary political task, firmly support the "two establishment", and earnestly achieve the "two maintenance". We should continue to follow the policy of "stabilizing the overall situation, overall planning and coordination, classified policies, and precise bomb removal", coordinate development and security, compact the responsibilities of all parties in financial risk disposal, and actively and steadily reduce the stock of high-risk institutions. We should strengthen the financial risk disposal mechanism and capacity building, strengthen monitoring, early warning and evaluation, promote the early detection, correction and disposal of financial risks, strengthen the recovery of stolen goods and the accountability of anti-corruption, and prevent moral hazard. We should accelerate the construction of the financial stability guarantee system, improve the financial stability legislation and the financial stability guarantee fund system, and better play the role of deposit insurance. With a sense of responsibility of "always assured", we should do a good job in risk prevention and resolution, and firmly hold the bottom line of avoiding systemic financial risks. (Xinhua News Agency)
Edit：Hou Wenzhe Responsible editor：WeiZe
Source：Securities Dairy
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