Financial risk prevention in sharp focus

Regulators release reports; stress control, prudential management

The prevention and control of financial risks are high up on the agenda of the country's top financial regulators, and consensus on this issue can be found in their latest reports produced in response to the discipline inspection of the Communist Party of China.

The People's Bank of China, the country's central bank, said in a report on Sunday that continued efforts will be made to fend off and defuse financial risks. The mechanism to detect, warn of and deal with financial risks should be further completed, said the PBOC.

The central bank's report stated that the management of the financial stability fund, which was initiated in China in early March, should be further optimized. The deposit insurance mechanism should be better implemented so that it can rectify and grapple with market risks at an early stage.