Gate News: On March 7, People’s Bank of China Governor Pan Gongsheng stated at the Fourth Session of the 14th National People’s Congress during the economic press conference that over the past year, China has orderly resolved financial risks in key areas, and the financial system and markets have operated smoothly, with risks in key areas continuing to converge. The People’s Bank of China, together with relevant departments, maintains a high-pressure crackdown on illegal financial activities such as illegal fundraising, virtual currency trading and speculation, and underground banks. Pan Gongsheng pointed out that moving forward, the People’s Bank of China will orderly resolve risks in key areas to prevent financial risks and maintain financial stability. It will work with industry regulators and law enforcement agencies such as public security to continue high-pressure crackdowns on illegal financial activities, closely monitor and assess the impact of external shocks, and use macroprudential and financial stability policy tools to timely weaken or block risk contagion.
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