Chen Zhilong: Decisive Intervention Reflects the Firm National Will

Release time:2018-08-21Author: Chen Zhilong

 An important warning in the history of humankind's financial crisis in the past 100 years is that financial market requires special caution and strict supervision. China has had the idea of "preventing disease before it occurs" since ancient times. To prevent and resolve financial risks, it is also necessary to establish the awareness of taking the prevention as a major focus. We should clearly understand the emergence and possible trend of the crisis, so as to realize early detection, early warning and early disposal, to strive to eliminate risks in the bud and early stage. China's financial problems at the present stage have great particularity, which determines that the contradictions we are facing are more complicated. The formation of some risks has far-reaching historical reasons, so we must deal with all kinds of hidden dangers with a more positive attitude. On the whole, we should use the methods of prior rather than afterwards, active rather than passive, holistic rather than scattered, to correct various deviations and restore economic and financial balance as soon as possible. Since it is a systematic project to prevent and resolve financial risks, in the face of major risks which may be triggered, we must take resolute measures in time to effectively deal with major risk events. Therefore, there must be "overwhelming" power at the critical moment.