The People's Bank of China: Firmly committed to maintaining the stable operation of financial markets such as stocks, bonds, and foreign exchange.

PANews reported on March 19th that, according to Jinshi News, the Party Committee of the People's Bank of China held an enlarged meeting on March 18th. The meeting focused on actively and prudently resolving financial risks in key areas. It emphasized maintaining a dynamic balance between economic growth, economic restructuring, and financial risk prevention at the macro level. The meeting also stressed the continued efforts to resolve the debt risks of financial support platforms. Adhering to market-oriented and rule-of-law principles, the meeting called for actively and prudently addressing the risks of small and medium-sized financial institutions. It emphasized fully leveraging the central bank's macro-prudential management and financial stability maintenance functions, and firmly safeguarding the smooth operation of the stock, bond, and foreign exchange markets. The meeting also discussed studying the establishment of a liquidity support mechanism for non-bank financial institutions under specific circumstances. Finally, the meeting reiterated the commitment to working with relevant departments to continue cracking down on illegal financial activities.