China Banking and Insurance Regulatory Commission, Li Yunze: The number of high-risk institutions and the scale of high-risk assets have been significantly reduced, and the risks are completely under control.

On September 22, when introducing the achievements of the financial industry in the "14th Five-Year Plan" period, Li Yunze, director of the China Banking and Insurance Regulatory Commission, stated at a press conference of the State Council Information Office, "During the '14th Five-Year Plan' period, we have always regarded preventing and resolving financial risks as the primary responsibility of the regulatory authorities, and have prudently dealt with high-risk institutions. In key areas, tailored reform and resolution solutions have been formed, and various measures such as mergers and reorganizations, online repairs, and market exits have been comprehensively implemented in an effective and orderly manner. Currently, both the number of high-risk institutions and the scale of high-risk assets have decreased significantly from peak levels, accounting for a small proportion in the financial system, and the risks are completely controllable. A considerable number of provinces have already achieved the dynamic clearance of high-risk small and medium-sized institutions."