Techub News News, People's Bank of China Governor Pan Gongsheng attended the Fourth Session of the 14th National People's Congress and stated that over the past year, overall, the key financial risks in our country have been orderly resolved, the financial system and financial markets have operated smoothly, and risks in key areas have continued to converge. The People's Bank of China, together with relevant departments, has maintained a high-pressure crackdown on illegal financial activities such as illegal fundraising, virtual currency trading and speculation, and underground banks. 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 utilize macroprudential and financial stability policy tools to timely weaken or block risk contagion.

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