Strict accountability to prevent financial risks

The central leadership has recently reviewed trial regulations aimed at strengthening financial security.

The trial Regulations on Accountability for Failing to Prevent or Defuse Financial Risks strengthen the centralized and unified leadership of the Communist Party of China Central Committee over work in the financial sector and require relevant administrative departments and financial institutions to shoulder their responsibilities.

With the new regulations, leading officials at all levels should shoulder their responsibilities to make sure that various tasks in strengthening financial regulation across the board, preventing and defusing financial risks, and promoting high-quality development in the financial sector are fulfilled well.