On May 18th, the 2025 Tsinghua Wudaokou Global Financial Forum was held in Shenzhen from May 17th to 18th. Ding Zhijie, Director of the Financial Research Institute of the People’s Bank of China, released the China Financial Policy Report 2025 on behalf of the research group. The report suggests that China’s financial system needs to accelerate its reform pace and continue to enhance its resilience under internal and external pressures. The current financial reform in China is at a new important juncture. The external situation is severe and complex, global economic fluctuations are intensifying, the international trade order is being restructured, and geopolitical risks are beginning to rise. In addition, the fields of financial security and regulation are also facing challenges. The technological revolution is accelerating the reshaping of the financial competition landscape, including the widespread application of AI (artificial intelligence) technology in the financial sector, which has led the current global financial system into a cycle of technological updates and iterations. Regarding the reform of the financial system, the report proposes five key points for financial reform: optimizing the allocation of financial resources, and most importantly, maintaining a stable financial environment; Accelerate the improvement of the central bank system and smooth the transmission mechanism of monetary policy; Strengthen supervision, promote the construction of regulatory bottom line mechanisms and early correction systems, and legally include all financial activities in supervision; Adhere to the essence of finance and improve the quality and efficiency of financial services; Efforts will be made to promote high-level financial opening up and accelerate the construction of a strong financial country. (Shanghai Stock News)
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