Economic Daily: Make good use of financial resources to resolve local debt risks

The Economic Daily article pointed out that to promote the resolution of local debt risks, we must focus on stability as the core of our work. The causes of local debt risks are complex, so financial regulatory authorities and relevant institutions must prevent other new risks from being caused by defusing risks. It is necessary to adapt measures to local conditions and advance relevant work in a steady and orderly manner. Under the premise of maintaining economic stability, we will accelerate the clearance of risks in key areas and the disposal of medium- and high-risk institutions, and firmly hold the bottom line of not systemic risks occurring. To prevent and defuse the risk of local debt, we should prevent the creation of additional risks. In order to support the resolution of local debt risks with financial support, it is urgent to further improve the financial risk prevention and control system. On the basis of building a work framework with hierarchical and segmented bank risk monitoring, warning, and correction, the financial management department also needs to improve its monitoring, evaluation and prevention and control system of the overall financial risk as soon as possible, improve the supervision ability and prevent problems before they happen.