During the period of the 14th Five-Year Plan, China's financial industry has achieved significant new accomplishments.
On September 22nd, Pan Gongsheng, Governor of the People's Bank of China, introduced at the press conference themed "High-Quality Completion of the 'Fourteen-Five' Plan" held by the State Council Information Office, that during the "Fourteen-Five" period, China's financial sector has achieved significant new achievements. As of the end of June this year, the total assets of China's banking industry were nearly 47 trillion yuan, ranking first in the world; the size of the stock and bond markets ranked second in the world; and the scale of foreign exchange reserves has ranked first in the world for 20 consecutive years. At the same time, China is at the forefront of green finance, inclusive finance, digital finance, and has basically established a multi-channel, widely covered, safe and efficient RMB cross-border payment clearing network, with mobile payments at an internationally leading level.
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