China will set up local coordination mechanism of Financial Committee Office

The people's Bank of China announced Thursday that the office of the financial stability and Development Commission of the State Council recently issued a document to establish a local coordination mechanism for the office of the financial stability and Development Commission in various provinces (districts and cities), and strengthen the cooperation between the central and local governments in financial supervision, risk disposal, information sharing and consumer rights and interests protection. The office of the financial stability and Development Commission of the State Council is located in the people's Bank of China, and the Secretariat of the office of the financial stability and Development Commission is set up by the people's Bank of China to be responsible for its daily affairs. Recently, the office of the financial committee printed and distributed the opinions of the office of the financial stability and Development Commission of the State Council on the establishment of local coordination mechanism. The opinions put forward that the local coordination mechanism of the office of the financial committee is located in the provincial branch of the people's Bank of China, with its main responsible comrades as the conveners, and the CBRC, CSRC, the provincial agency of the foreign exchange bureau, and the provincial local financial supervision department as the main responsibilities Members are responsible comrades as well as those in charge of provincial development and reform departments and financial departments.

The people's Bank of China introduced that the local coordination mechanism of the office of the financial committee is under the leadership of the office of the financial committee, which is oriented to guidance and coordination, does not change the division of responsibilities of various departments, does not change the arrangement of central and local authorities, mainly through strengthening overall coordination, promoting the implementation of the relevant deployment of the Party Central Committee, the State Council and the financial committee, strengthening financial supervision and coordination, and promoting regional financial reform Reform development and stability, promote financial information sharing, coordinate financial consumer protection and financial ecological environment construction. The reporter learned from the people's Bank of China that, at present, the provincial people's governments are gradually establishing a discussion and coordination mechanism for the financial work of local governments to fulfill the responsibilities of local financial supervision and local financial risk prevention and disposal. The local coordination mechanism of the financial committee office and the local government's financial work deliberation coordination mechanism have their own division of labor and focus, and will support and cooperate with each other to form a joint force and jointly create a good financial environment. The people's Bank of China said that in the next step, the local coordination mechanism of the financial committee office will continue to explore and improve in practice, fully mobilize the two initiatives of the central and local governments, strengthen the joint force of financial supervision, better serve the real economy, prevent financial risks and deepen financial reform.