Pan Gongsheng: The number of high-risk small and medium-sized banks has significantly decreased from its peak.

On September 22, Pan Gongsheng, Governor of the People's Bank of China, stated at a press conference of the State Council Information Office that during the "14th Five-Year Plan" period, the People's Bank of China will increase its financial support for the real economy, while also paying close attention to preventing financial risks and maintaining financial stability. In resolving risks of small and medium-sized financial institutions, the People's Bank of China will work with financial regulatory authorities and local governments to comprehensively adopt online repairs, mergers and reorganizations, market exits, and other measures to significantly reduce the number of high-risk small and medium-sized banks from its peak.