China Banking and Insurance Regulatory Commission: Solidly promote the reform and risk reduction of small and medium-sized financial institutions, effectively prevent and resolve risks in key areas.

According to the Securities Times APP, on July 18, the China Banking and Insurance Regulatory Commission held a work conference on the construction of the party system. The meeting emphasized the need to further play the leading role of party building, coordinate and do a good job in risk prevention, strengthen supervision, and promote high-quality development. It is necessary to solidly promote the reform and risk reduction of small and medium-sized financial institutions, effectively prevent and resolve risks in key areas, tightly guard against and crack down on illegal financial activities, and firmly hold the risk bottom line. It is necessary to focus on substantive risks, solve practical problems, regulate the operation of financial institutions, strengthen the protection of financial consumers' rights and interests, continuously enhance the pertinence and effectiveness of supervision. It is necessary to actively support economic performance improvement, strengthen the financial supply for high-quality urban development, support the implementation of special actions to boost consumption, strengthen effective investment and financing guarantees, optimize financial services for stabilizing enterprises and foreign trade, better support the development of new productive forces, and help achieve the annual economic and social development goals.