"China Financial Policy Report 2025" report suggests that the financial system should accelerate the pace of reform and continue to enhance its resilience.

date
18/05/2025
The 2025 Tsinghua Wudaokou Global Financial Forum was held in Shenzhen on May 17th and 18th. Ding Zhijie, director of the Financial Research Institute of the People's Bank of China, on behalf of the research group, released the "China Financial Policy Report 2025" report. The report believes that the financial system of our country needs to accelerate the pace of reform in the face of internal and external pressures, and continue to enhance the resilience of the system. Currently, China's financial reform is at a new critical juncture. The external situation is severe and complex, with increased global economic fluctuations, a restructuring of the international trade order, and rising geopolitical risks. In addition, the fields of financial security and regulation are also facing challenges, as the technological revolution is accelerating the reshaping of the financial competitive landscape. The widespread application of AI technology in the financial sector is leading the current global financial system into a cycle of technological updates and iterations. Regarding financial system reform, the report proposes five key points for financial reform: optimizing financial resource allocation, with the most important aspect being to maintain financial environment stability; accelerating the improvement of the central bank system, ensuring a smooth transmission mechanism for monetary policy; strengthening supervision, promoting the establishment of a regulatory backstop mechanism and early error correction system, and legally incorporating all financial activities into supervision; adhering to the essence of finance, enhancing the quality and efficiency of financial services; and vigorously promoting high-level financial opening up, accelerating the construction of a financially strong country.