Deep Tide TechFlow News, March 7 — During a press conference on the economic topics at the Fourth Session of the 14th National People's Congress, People's Bank of China Governor Pan Gongsheng stated that over the past year, overall, the financial risks in key areas of our country have been orderly resolved, the financial system and financial markets have operated smoothly, and risks in key areas have continued to converge. The People's Bank of China, together with relevant departments, maintains a high-pressure crackdown on illegal financial activities such as illegal fundraising, virtual currency trading and speculation, and underground banks.

Next, the People's Bank of China will continue to orderly resolve risks in key areas related to preventing financial risks and maintaining financial stability. It will work with industry regulators and law enforcement agencies such as public security to continue high-pressure crackdowns on illegal financial activities, closely monitor and assess the impact of external shocks, and utilize macroprudential and financial stability policy tools to timely weaken or block the contagion of risks.