Li Keqiang: crack down on financial fraud and other illegal activities to improve the supervision of shadow banking, Internet Finance and so on

Mar 5, 2018 1:50:28 PM

On the morning of 5

3, 9 a.m., the first session of the Thirteenth National People's Congress was opened in the Great Hall of the people. Li Keqiang was heard by the premier of the State Council as the government's work report. The report pointed out that we must resolutely fight the three major battle areas, focus on the completion of the annual task of tackling challenges, clarify responsibilities of all sides, strengthen policy guarantee, and do well in every work.

Li Keqiang pointed out that significant progress has been made in promoting major risk prevention and resolution. At present, our country's economic and financial risks are generally controlled, which should be cured and treated effectively to eliminate the risk of risk. We should crack down on illegal activities such as illegal fund-raising, financial fraud and other illegal activities, accelerate the transfer of the market by the rule of law and the merger and reorganization of enterprises, and strengthen the risk internal control of the financial institutions. We should strengthen the overall coordination of financial supervision, improve the supervision of shadow banking, Internet Finance and financial holding companies, and further improve financial supervision.

in addition, Li Keqiang said, to prevent and resolve local government debt risk. All kinds of illegal and illegal activities such as debt raising and guarantee are strictly prohibited. The provincial government responsibility in the area below the provincial level local government debt, duties, actively and safely dispose of the stock of debt. A sound and standardized local government debt financing mechanism. In 2018, local special bonds were set up 1 trillion and 350 billion yuan, an increase of 550 billion yuan compared with last year, giving priority to stable construction of projects under construction and reasonable expansion of the scope of special bonds. Our country has a good economy and a lot of policy tools, and it can completely keep the bottom line that does not have systemic risk.

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