Industry News | State Administration of Financial Supervision: Promote the inclusion of all financial activities in accordance with the law

The State Administration of Financial Supervision recently held a meeting of the Party Committee to convey and study the spirit of the meeting of the Political Bureau of the CPC Central Committee, and to study and deploy the implementation measures of the "Provisions on Accountability for Preventing and Resolving Financial Risks (Trial)". The meeting pointed out that it is necessary to promote the inclusion of all financial activities in supervision in accordance with the law, and establish and improve the mechanism for attribution and acceptance of regulatory responsibilities and thorough supervision. The meeting believes that the formulation and promulgation of the "Provisions on the Prevention and Resolution of Financial Risk Accountability (Trial)" is an important measure to further promote the implementation of the requirements of comprehensive and strict governance of the party in the financial field, and effectively strengthen the centralized and unified leadership of the Party Central Committee over financial work. Party organizations at all levels and the vast number of Party members and cadres in the General Administration system should earnestly unify their thoughts and actions with the decision-making and deployment of the Party Central Committee, earnestly enhance the political consciousness, ideological consciousness and action consciousness of the implementation of the "Regulations", firmly support the "two establishments" with practical actions, and resolutely achieve the "two safeguards". The meeting stressed that preventing and defusing financial risks, especially preventing the occurrence of systemic financial risks, is the fundamental task of financial work. It is necessary to thoroughly implement the arrangements of the Central Financial Work Conference and firmly adhere to the bottom line of no systemic financial risks. It is necessary to make every effort to promote the reform of small and medium-sized financial institutions to reduce risks, adapt measures to local conditions, implement policies according to different categories, and carry out work in a planned and step-by-step manner. It is necessary to promote a virtuous cycle of finance and real estate, further give play to the role of the coordination mechanism of urban real estate financing, meet the reasonable financing needs of real estate projects, and vigorously support the construction of "three major projects" such as affordable housing. It is necessary to cooperate with the prevention and resolution of local debt risks, and guide financial institutions to carry out debt restructuring and replacement in a market-oriented manner. The meeting pointed out that it is necessary to fully implement the requirements of strong supervision and strict supervision, and truly achieve "long teeth with thorns", sharp and angular. It is necessary to focus on strengthening the construction of the financial rule of law and accelerate the completion of the shortcomings of the regulatory system. Comprehensively improve the efficiency of supervision and law enforcement, and seriously investigate and deal with violations of laws and regulations that affect financial stability, undermine market order, and cause major risks. It is necessary to promote the inclusion of all financial activities in supervision in accordance with the law, establish and improve the mechanism for attribution and acceptance of regulatory responsibilities and thorough supervision, and truly achieve the same responsibility, the same questions and answers, and the same direction. The meeting demanded that we should persistently deepen the comprehensive and strict governance of the party in the General Administration system, adhere to the strict word, dare to be more serious, dare to be strict, and really manage strictly, and release a strong signal that responsibility must be asked and accountability must be strict. We will take a clear stand to strengthen political construction and lead the high-quality development of finance with the high-quality development of party building. Consciously take the initiative to accept the central inspection and supervision, and do a good job of the central inspection and rectification in a normalized and long-term manner. We will unswervingly uphold discipline and fight corruption, and continue to create a good political ecology with a clean and upright atmosphere. Strictly implement the "three distinctions" and encourage cadres to take responsibility. In-depth implementation of the "four new" project, with a major change in thinking to promote a great change in work, a great improvement in supervision.