According to PANews, the Shanghai headquarters of the People's Bank of China recently held a 2024 work meeting, emphasizing the need to prevent and resolve financial risks, monitor risks in key areas, and prudently deal with risky institutions. The meeting required the prevention and disposal of virtual currency trading speculation risks, severe investigation and punishment of financial illegal activities, deepening the governance of "capital chains" involving gambling and fraud, improving the effectiveness of anti-money laundering supervision, establishing a long-term mechanism for "credit repair" governance, and doing a good job in additional supervision of systemically important financial institutions.
The meeting also pointed out that it is necessary to continuously improve the level of basic financial services, deepen the innovation of digital RMB applications, and explore innovative applications of digital RMB.
