Chinese People's Bank of China Vice President Tao Ling: Regulate "competition within the finance industry" and maintain a reasonable profit margin.

Vice Governor of the People's Bank of China, Tao Ling, stated at the 16th Caixin Summit on November 14 that, in response to various levels of investment and financing needs, China will actively develop direct financing such as equity and bonds, improve market fundamentals, and enhance inclusiveness and adaptability. "We also need to build a sustainable financial ecosystem. Paying attention to the critical impact of the financial ecosystem on the development of the financial industry. Strengthen clear property rights definition, fair competition rules, effective contract enforcement, moderate financing costs, and strong equity protection. Restrict 'internal competition' in the financial industry and maintain a reasonable profit space," Tao Ling said.