Director of the Financial Regulatory Administration's Legal Department Emphasizes the Importance of Financial Stability

On November 13, Wang Shengbang, the Director of the Legal Department of the Financial Regulatory Administration, stated at the 17th Caixin Summit that the impact of financial stability is often overlooked when discussing economic and financial adaptability. He pointed out that there is a complex interaction between the economy and finance, and reasonable economic and financial adaptability can help improve the efficiency of financial resource allocation, promote economic growth, reduce financial risks, and maintain financial stability. Conversely, economic and financial mismatches can hinder economic growth and lead to financial imbalances, accumulating financial risks. In addition, the 14th Five-Year Plan clearly requires financial institutions to focus on their main business, improve governance, and develop in a differentiated manner. Therefore, when discussing economic and financial adaptability, it is necessary to pay attention to both growth and stability.

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