The central bank: Continue to rectify the "inner spoils" competition of financial institutions, and coordinate and do a good job in the "five major articles" of financial high-quality development.
On April 24th, the People's Bank of China and the State Administration of Foreign Exchange held a system-wide warning education meeting and a learning and education promotion meeting on establishing and practicing the correct view of political achievements. Pan Gongsheng, Secretary of the Party Committee and President of the People's Bank of China, pointed out the need to promote the high-quality development of the central bank's cause. Based on the responsibilities of the People's Bank of China, a deep analysis of the issue of political achievements behind economic and financial problems was conducted, with strict and practical implementation of central inspections, audits, and other rectification measures. Continuous efforts were made to address the "internal competition" within financial institutions, effectively coordinating the "Five Major Tasks" of finance, and actively and prudently promoting the resolution of debt risks of local government financing platforms and small and medium-sized financial institutions. High-pressure crackdowns were maintained on illegal financial activities in relevant areas, and the management and services of county-level finance by the central bank were continuously optimized.
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