BEIJING, April 1 (Xinhua) -- China will strengthen efforts to prevent and defuse financial risks to stabilize the financial market in 2022, according to the central bank.
File photo: Agencies
The bank pledged more efforts to establish a market-oriented, law-based and normal risk-disposal mechanism in a bid to buttress the financial safety net and forestall systemic financial risks.
China will make stronger efforts to give early warning of risks, enhance risk prevention and control mechanisms, and build capacities for responding to risks, according to this year's government report.
A fund for ensuring financial stability will be established, and the deposit insurance system and industry guarantee funds will be brought fully into play, said the report.