Xinhua News Agency, Beijing, January 30 (Reporter Ren Jun, Wu Yu) The State Administration of Financial Supervision and Administration announced the key tasks for 2024 on the 30th. The State Administration of Financial Supervision said that in 2024, it is necessary to resolutely achieve "long teeth and thorns" in supervision, firmly adhere to the bottom line of no systemic financial risks, solidly promote high-quality financial development, and unswervingly follow the path of financial development with Chinese characteristics.
The 2024 Work Conference of the State Administration of Financial Supervision held on January 30 put forward the key tasks for 2024 from eight aspects, among which making every effort to promote the reform of small and medium-sized financial institutions and reducing risks ranked first. The State Administration of Financial Supervision said that it is necessary to improve the normalization mechanism of financial risk disposal, implement the responsibilities of institutions, shareholders, executives, regulators, territories and industries, and promote the formation of a joint work force.
The meeting called for active and prudent prevention and control of risks in key areas, strengthening credit risk management, and increasing the disposal of non-performing assets. Accelerate the implementation of the coordination mechanism for urban real estate financing, urge financial institutions to vigorously support the construction of the "three major projects" such as affordable housing, and implement the requirements for the management of operating property loans. Cooperate with the prevention and resolution of local debt risks, and guide financial institutions to carry out debt restructuring and replacement in a market-oriented manner.
The meeting pointed out that it is necessary to resolutely implement the requirements of strong supervision and strict supervision, pay close attention to "key things", "key people" and "key behaviors", strictly enforce the law, dare to show the sword, and achieve consistency to the end, strict to the end, and investigation to the end. Take a step forward to strengthen the coordination of central and local supervision, strengthen information exchange and sharing, and coordinate key tasks. Efforts should be made to prevent and crack down on illegal financial activities, and speed up the improvement of the responsibility system from horizontal to edge and vertical to the end.
In addition, in 2024, the State Administration of Financial Supervision will unswervingly deepen financial reform and opening up, and guide financial institutions to focus on their main business, work hard to improve internal skills, reduce costs and increase efficiency. At the same time, we will steadily expand institutional opening-up, contribute to the development of Shanghai and Hong Kong as international financial centers, and vigorously promote the financial culture with Chinese characteristics.
The State Administration of Financial Supervision said that in 2024, it will coordinate and do a good job in five major articles to better serve the development of new productive forces and the construction of a modern industrial system, focus on supporting the expansion of effective demand, and continue to enhance the ability of inclusive financial services. Complete the task of institutional reform in a smooth and orderly manner, accelerate the implementation of the "three determinations" of provinces and cities, and steadily promote the reform of county-level institutions.