(ECNS) -- The State Council Information Office held a 15th-Five-Year-Plan-related press conference on Thursday, outlining measures to strengthen regulation, prevent risks and promote high-quality development.
Cong Lin, deputy administrator of the National Financial Regulatory Administration, said the country will advance risk prevention and control in key areas, resolve risks in small and medium-sized financial institutions, and guard against systemic financial risks. Oversight will be tightened across major sectors, with financial institutions guided to better serve national strategies and weak links in the economy.
Li Chao, vice chairman of the China Securities Regulatory Commission, said that the commission will accelerate a new round of capital market reform and opening up. By 2030, the 40th anniversary of the establishment of China's capital market, the goal is to basically form a new pattern of high-quality capital market development, with comprehensive strength and international competitiveness significantly improved.
To implement the plan, the People's Bank of China has issued its own reform and development blueprint along with nine supporting action plans in related fields.
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