The Economic Daily article pointed out that promoting the resolution o

Published: Aug 9, 2023 15:00

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The Economic Daily article pointed out that promoting the resolution of local debt risks requires a firm grasp of the word "stability". The causes of local debt risks are relatively complex, and financial regulatory departments and relevant institutions must prevent the emergence of new risks due to the resolution of risks. Relevant work must be advanced in a steady and orderly manner according to local conditions. Under the premise of stability, accelerate the clearance of risks in key areas and the disposal of medium and high-risk institutions, and firmly maintain the bottom line of no systemic risk. To prevent and resolve local debt risks, the focus is on the word "prevention". Financial support for the resolution of local debt risks urgently needs to further improve the financial risk prevention and control system. On the basis of constructing a hierarchical and segmented framework for bank risk monitoring, early warning and hard constraints for early correction, financial management departments also need to improve the overall risk monitoring, evaluation and prevention system as soon as possible, enhance the penetration of supervision, and prevent potential risks.

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