Established a collaborative mechanism for "implementation work + financial supervision" in Shaanxi.
Recently, according to the Supreme People's Court of Shaanxi Province, in order to further optimize the legal environment for business, help companies with financial debts to solve their difficulties, the Enforcement Bureau of the Provincial High Court recently issued a joint document with the Shaanxi Regulatory Bureau of the National Financial Supervision and Management Bureau on "Eight Measures to Strengthen Cooperation between Enforcement and Financial Supervision to Help Companies Solve Difficulties and Prevent and Resolve Financial Risks". The document aims to coordinate the efforts of enforcement work and financial supervision, maintain the coordinated and stable development of the regional economy and finance, and promote high-quality development of the real economy in the entire province. "We focus on resolving the financial difficulties of companies and controlling financial risks at the source, establishing a collaborative mechanism between enforcement work and financial supervision." The head of the Enforcement Bureau of the Provincial High Court explained that after the mechanism is established, the Shaanxi Regulatory Bureau will continue to improve financial risk monitoring and warning, supervision and disposal mechanisms, and timely share information on major non-performing assets in the province with the Enforcement Bureau of the Provincial High Court. Through information sharing and joint sanctions, a solid financial risk "firewall" will be built.
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