China News Agency, Beijing, April 1st (Reporter Xia Bin) The People’s Bank of China released a video conference on 2021 financial stability work on April 1, stating that the current financial risks are generally convergent and controllable, but the external risk situation is still severe and complex, with potential Risks and challenges still exist, and there must be no slack in preventing and controlling financial risks.
The meeting requested that in the next stage, the central bank's financial stability system must accurately grasp the basic principles of risk management, adhere to seeking progress while maintaining stability, adhere to marketization and rule of law, and adhere to the responsibilities of all parties.
It is necessary to continuously enhance the initiative and coordination of handling risks, sum up experience in a timely manner, actively coordinate and mobilize the forces of all parties, and give full play to the role of the local coordination mechanism of the Financial Committee Office.
At the same time, it is necessary to effectively play the role of the deposit insurance system, focus on early correction, and further improve the professionalization and market-oriented risk disposal mechanism of deposit insurance.
It is necessary to enhance the forward-looking, overall and proactive nature of financial risk prevention and control, continue to improve the ability to respond to risks and challenges, and maintain the bottom line of preventing systemic financial risks.
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