On June 23, Zhongxin Finance and Economics, at a series of press conferences on the theme of "China's Decade", Xiao Yuanqi, vice chairman of the China Banking and Insurance Regulatory Commission, said that important results have been achieved in preventing and resolving major financial risks.

  According to Xiao Yuanqi, the financial regulatory authorities resolutely prevent and resolve financial risks, the blind expansion of financial assets has been fundamentally reversed, and high-risk shadow banking has dropped by about 25 trillion yuan from its historical peak.

The disposal of non-performing assets has made great strides. In the past ten years, a total of 16 trillion yuan of non-performing assets has been digested, and a large number of outstanding risks and hidden dangers have been eliminated.

Financial violations and corruption are severely punished.

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