Gate News, March 19 — The Party Committee of the People’s Bank of China held an expanded meeting. The meeting emphasized actively and prudently resolving financial risks in key areas, maintaining a dynamic balance at the macro level between economic growth, structural adjustments, and financial risk prevention. It continued to promote efforts to resolve debt risks in financial support and financing platform projects. Adhering to market-oriented and rule-of-law principles, the authorities will actively and prudently handle risks in small and medium-sized financial institutions. The central bank’s macroprudential management and financial stability functions will be fully utilized to firmly maintain the stable operation of stock, bond, and foreign exchange markets. The establishment of a liquidity support mechanism for non-bank financial institutions under specific scenarios will be studied. Relevant departments will continue to crack down on illegal financial activities with high pressure.
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