Central Bank: Firmly Maintaining Stable Operation of Financial Markets Including Stocks, Bonds, and Foreign Exchange
Svmuu News According to an expanded meeting of the Party Committee of the People's Bank of China, efforts will be made to actively and prudently resolve financial risks in key areas. At the macro level, a dynamic balance between economic growth, economic structural adjustment, and financial risk prevention will be maintained. The work of financial support for resolving debt risks of financing platforms will be continuously advanced. Adhering to the principles of marketization and rule of law, risks of small and medium-sized financial institutions will be actively and prudently handled. The central bank's functions of macro-prudential management and maintaining financial stability will be fully leveraged to firmly maintain the stable operation of financial markets including stocks, bonds, and foreign exchange. Research will be conducted to establish a liquidity support mechanism for non-bank financial institutions under specific scenarios. In collaboration with relevant departments, high-pressure crackdowns on illegal financial activities will continue. (Jin10)
Source:Odaily · Source Link
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