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Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
BEIJING, Dec. 13 (Xinhua) — China's financial system will need to strengthen supervision next year, address debt risks and curb illegal activities while maintaining support for key sectors, He Lifeng, director of the Office of the Central Financial Commission, said Friday.
He Lifeng, also a member of the Politburo of the CPC Central Committee, made the statement at the National Conference on the Work of the Financial System, which was held in Beijing on Friday.
During the meeting, he stressed that the financial system should carefully study and implement the spirit and guidelines of the Central Economic Work Conference, which concluded on Thursday.
It should also prioritize risk prevention, strengthen regulation and promote high-quality development, while vigorously, orderly and effectively implementing key financial sector tasks in 2026, he said.
Efforts should be made to prevent and address financial risks associated with local small and medium-sized financial institutions, real estate enterprises and local government financial platforms, and suppress illegal financial activities.
He Lifeng noted that it is necessary to consolidate and strengthen financial regulation, improve the control system in key areas, and ensure strict compliance, adding that it is necessary to strictly hold those responsible for financial risks accountable.
He also stressed the need to continue to maintain a moderately accommodative monetary policy, effectively manage expectations, make steady and orderly progress in financial reform and opening-up, and strengthen financial support in key areas such as expanding domestic demand, technological innovation, and micro, small and medium enterprises.
He stated that it is necessary to develop a clear financial plan for the period of the 15th Five-Year Plan (2026-2030), strengthen work on comprehensive integrated planning, and also ensure a good start for financial work during this period. -0-
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