Wang Jiang: comprehensively enhance financial regulatory capabilities and improve the regulatory mechanism for bottom-line supervision.

Deputy Director of the Office of the Central Financial Commission in charge of daily work, Deputy Secretary of the Central Financial Work Commission in charge of daily work, Wang Jiang, published a signed article titled "Accelerating the Construction of a Strong Financial Country" in the recently published "Guidance Reader for the Communist Party of China Central Committee's Suggestions on Formulating the Fifteenth Five-Year Plan for National Economic and Social Development." The article points out that during the "Fifteenth Five-Year Plan" period, it is necessary to comprehensively improve financial regulatory capabilities. It is necessary to adhere to regulating legally and also regulating illegally, regulate the industry and also regulate risks, improve the bottom-line regulatory mechanism, lawfully bring all financial activities under regulation, and strengthen comprehensive regulatory oversight throughout the entire process. It is essential to effectively enhance the foresight, sustainability, coordination, and effectiveness of regulation. Strengthen supervision and management of the financial stability guarantee fund, optimize income collection, expenditure utilization, and investment management. Harshly crack down on all types of illegal financial activities, improve monitoring and warning systems, shift risk prevention checkpoints forward, and strengthen anti-illegal propaganda and education.