PBOC Report: Preventing and Resolving Financial Risks in Key Areas, and Properly Managing Macroprudential Oversight of Real Estate Finance.

According to the financial app interface, recently, the People's Bank of China released the "China Financial Stability Report (2025)". The report points out that the next step for the financial system will adhere to the deployment of the Central Economic Work Conference and the Central Financial Work Conference. We will solidly carry out the "Five Major Articles" in finance, vigorously develop technology finance, green finance, inclusive finance, pension finance, and digital finance, and provide strong support for key areas and weak links in national major strategies and economic and social development. We will improve a comprehensive macro-prudential management system, strengthen the monitoring and evaluation of systemic financial risks, and enhance macro-prudential management in key areas. We will prevent and resolve financial risks in key areas, firmly promote the resolution of debt risks in financing platforms, actively and prudently dispose of risks in small and medium-sized financial institutions, carry out macro-prudential management of real estate finance, and firmly guard against the occurrence of systemic financial risks.