The Communist Party Committee of the People's Bank of China held a meeting, chaired by Pan Gongsheng, Secretary of the Party Committee and Governor of the People's Bank of China. The meeting emphasized the importance of prudently and effectively preventing and resolving financial risks in key areas. It explored expanding the central bank's macro-prudential and financial stability functions, innovating financial instruments, implementing two monetary policy tools to support the stable development of capital markets, and maintaining financial market stability. Following the principles of marketization and rule of law, it actively supports the prudent handling of risks in local small and medium financial institutions, continues to address debt risk resolution for financing platforms, and supports the real estate market in stabilizing and stopping its decline.
央行：继续做好金融支持融资平台债务风险化解工作，支持房地产市场止跌回稳
The central bank will continue to effectively resolve debt risks for financing platforms and support the real estate market in stabilizing and stopping its decline.
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