Central Bank: Continuously rectify the "internal competition" of financial institutions

2026-04-28

The People's Bank of China and the State Administration of Foreign Exchange recently held a system wide warning education meeting and a promotion meeting for learning and practicing the correct political performance concept. The Governor of the People's Bank of China, Pan Gongsheng, proposed to continuously rectify the "internal competition" of financial institutions, actively and steadily promote the resolution of local government financing platform debt and risks of small and medium-sized financial institutions, and maintain a high-pressure crackdown on illegal financial activities in related fields.
Continuously deepen the promotion of integrity, discipline, and anti-corruption. Pan Gongsheng stated that party members and cadres should deeply understand the judgment and requirements of the Party Central Committee on the situation of anti-corruption struggle, take the lead in achieving integrity and self-discipline, consciously accept supervision, and strengthen the construction of party conduct and clean governance and cadre management in their own units and lines. Party committees at all levels should work together to prevent, prohibit, and avoid corruption, maintain a high-pressure attitude towards the "four winds" and corruption issues, and form a deterrent; Strengthen institutional construction and implementation, establish barriers to curb illegal and disorderly behavior; Strengthen supervision and regularly carry out warning education.
Solidly carry out learning and education on establishing and practicing the correct view of political achievements. Pan Gongsheng stated that party committees at all levels should deeply grasp the political considerations of the central government in carrying out learning and education, conscientiously implement deployment requirements, comprehensively promote learning and discussion, identify problems, rectify and rectify, establish rules and regulations, open door education and other tasks, implement central decision-making and deployment with higher standards, diligently study and think, actively plan work, achieve scientific decision-making and benefit the people with a professional and pragmatic style, establish correct assessment and evaluation and personnel selection guidance, and encourage cadres to take on responsibilities.
Promote the high-quality development of the central bank's undertakings. Pan Gongsheng proposed that based on the responsibilities of the People's Bank of China, we should deeply analyze the issue of political performance behind economic and financial problems, strictly implement central inspections, audits, and other rectification measures, continuously rectify the "internal competition" of financial institutions, and make high-quality overall planning for the "five major articles" of finance. We should actively and steadily promote the resolution of local government financing platform debt and risks of small and medium-sized financial institutions, maintain a high-pressure crackdown on illegal financial activities in related fields, and continuously optimize the central bank's county-level financial management and services.Zhu Hexin, Director of the State Administration of Foreign Exchange, proposed that the Party group of the State Administration of Foreign Exchange should persistently strengthen the discipline and discipline, enhance the education, management, and supervision of cadres, and maintain a strict tone, measures, and atmosphere for a long time. We must conscientiously implement the requirements of the central government's establishment and practice of the correct view of political achievements in learning and education, integrate learning and education with the implementation of major decisions and deployments of the Party Central Committee, do a good job in the central work of the State Administration of Foreign Exchange, implement central inspections, audits and rectification, and promote the deepening, implementation and effectiveness of learning and education. We need to coordinate and carry out the special work of promoting reform and governance through cases, carefully organize and solidly promote it. All business departments of the State Administration of Foreign Exchange should strengthen line guidance to ensure that each task of the special work is implemented and effective one by one. Through the special work of promoting reform and governance, we should urge party members and cadres to strengthen their awareness of discipline and law, and standardize the exercise of power. (Looking into the New Era)

Edit:He Chuanning    Responsible editor:Su Suiyue

Source:China Securities Journal

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