On September 22, the State Council Information Office held a series of themed press conferences on "Completing the 14th Five Year Plan with High Quality" to introduce the achievements of financial industry development during the 14th Five Year Plan period. The Governor of the People's Bank of China, Pan Gongsheng, stated at the press conference that under the strong leadership of the Party Central Committee, China's financial industry has achieved new significant achievements. The comprehensive deepening of financial system reform, the improvement of top-level design, and the modernization of China's financial governance system and governance capacity have reached a new level; A more comprehensive and competitive financial institution, market, and product system, with significantly improved quality, efficiency, and inclusiveness of financial services; The orderly resolution of financial risks in key areas has maintained the bottom line of preventing systemic financial risks from occurring; The pace of financial opening up to the outside world has accelerated, and the international competitiveness and influence of China's financial industry have significantly increased. Pan Gongsheng also stated at the meeting that the People's Bank of China will comprehensively use various monetary policy tools based on the macroeconomic operation and changes, ensure sufficient liquidity, promote the reduction of social comprehensive financing costs, support the boost of consumption, expand effective investment, consolidate and strengthen the positive trend of economic recovery, maintain the stable operation of the financial market, and maintain the basic stability of the RMB exchange rate at a reasonable and balanced level. Li Yunze, Director of the State Administration of Financial Supervision and Administration, stated that since the 14th Five Year Plan, the high-quality development of the financial industry has achieved new breakthroughs, financial services have reached a new level, and financial supervision has opened up a new situation. At the same time, Li Yunze stated that during the 14th Five Year Plan period, the State Administration of Financial Supervision and Administration has always regarded preventing and resolving financial risks as the primary responsibility of regulatory departments, and has made it a top priority to prudently handle risks of small and medium-sized financial institutions. Resolutely implementing the 16 character policy of "stabilizing the overall situation, coordinating overall planning, implementing classified policies, and accurately dismantling bombs", the battle to prevent and resolve financial risks has achieved important phased results, firmly guarding the bottom line of preventing systemic risks from occurring. According to Li Yunze, currently, both the number of high-risk institutions and the size of high-risk assets have significantly decreased from their peak, and their proportion in the financial system is relatively small, making the risk completely controllable. A considerable number of provinces have achieved dynamic clearance of high-risk small and medium-sized institutions. Wu Qing, Chairman of the China Securities Regulatory Commission, stated that in the past five years, faced with a complex and severe situation of increasing uncertainty and instability factors, the Commission has worked together with all parties to conscientiously implement and promote risk prevention, strong supervision, and high-quality development. We have worked together to stabilize the market, stabilize expectations, and boost confidence, and have continuously formed and consolidated a trend of healthy and stable market development. Wu Qing talked about several aspects: firstly, the construction of the legal system of "four beams and eight pillars" has taken shape; Secondly, a multi-level and widely covered market system is more complete; Thirdly, the market function of coordinating investment and financing is constantly improving; Fourthly, the mechanism for stabilizing the market through collaborative efforts is gradually improving; Fifth, a fair and just market environment is further formed. Wu Qing stated that during the 14th Five Year Plan period, China's capital market has achieved steady growth in quantity and effective improvement in quality, laying a solid foundation for high-quality development during the 15th Five Year Plan period. Zhu Hexin, Vice Governor of the People's Bank of China and Director of the State Administration of Foreign Exchange, stated that since the 14th Five Year Plan, the foreign exchange sector has effectively coordinated development and security, steadily promoted high-level opening up, and provided strong support for building a new development pattern, mainly manifested in four aspects: more stable operation of international balance of payments; The quality and efficiency of foreign exchange services for the real economy have significantly improved; The regulatory and risk prevention capabilities in an open environment continue to strengthen; Since the 14th Five Year Plan, China's foreign exchange reserves have remained stable at over 3 trillion US dollars. Looking forward to the "Tenth Five Year Plan", Zhu Hexin said that the State Administration of Foreign Exchange will improve the foreign exchange management system and mechanism that is "more convenient, more open, safer and more intelligent", and make new and greater contributions to promoting Chinese path to modernization. (New Society)