Guo Shuqing made it clear in an interview with a reporter from the People’s Daily that China’s financial situation is still complex and severe, banks’ non-performing assets are under pressure to rebound, many financial institutions’ internal control mechanisms are not sound, and the stock of shadow banks is still high. Financial violations of laws and regulations still occur from time to time, and unhealthy phenomena in economic and social life and various international uncertainties may have an impact on the financial system. Since finance has a central position in the economy, putting prevention and resolution of financial risks in the first place is a manifestation of strategic thinking, dialectical thinking, and bottom-line thinking.Premier Zhu Rongji once pointed out that there are three types of people in the banking system that are very dangerous, and they should be alerted. The first is greedy people who do things for personal enjoyment regardless of the consequences; the second is leading cadres who are extremely irresponsible for national interests and financial security, and the third is people with low political and professional qualities, ignorant and bold.
