Pan Gongsheng, President of the People's Bank of China: China is formulating the Financial Stability Law
2024-03-27 04:27:11
On March 27th, at the "Deepening Asian Financial Cooperation" sub forum of the Boao Forum for Asia 2024 annual meeting, Pan Gongsheng, President of the People's Bank of China, stated in his speech that China is formulating a Financial Stability Law, focusing on building a risk management responsibility mechanism with equal rights and responsibilities, compatible incentives and constraints, and a scientifically reasonable risk management cost sharing mechanism. The construction of the Asian financial safety net requires unity and cooperation among all parties, and the People's Bank of China is willing to fully communicate with all parties to jointly build a more effective financial safety net.
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