Pan Gongsheng: Strengthen financial supervision comprehensively and crack down harshly on financial corruption.

Pan Gongsheng, Governor of the People's Bank of China, stated at a press conference today that during the "14th Five-Year Plan" period, China's overall financial risks are controllable and the financial system is operating steadily, providing strong support for high-quality economic development. We have summarized some important experiences. First, strengthening the centralized and unified leadership of the Party Central Committee over financial work is the fundamental guarantee for preventing and resolving major financial risks. Second, looking at the relationship between the economy and financial risks from a macro perspective. The high-quality development of the macro economy and the stable operation of the financial market are the foundation for the healthy operation of individual financial institutions at the micro level. In practice, we need to balance the short-term and long-term, support the real economy while maintaining the health of the financial system itself, and maintain internal and external balance to safeguard China's financial stability and financial security. Third, prudently resolve risks under the principles of marketization and rule of law, and uphold the legitimate rights of all parties. Fourth, comprehensively strengthen financial regulation and harshly crack down on financial corruption.