The General Administration of Financial Supervision, the People's Bank of China, the China Securities Regulatory Commission, and the Ministry of Finance jointly issued the “Implementation Opinions on Improving the Governance of Financial Institutions” on July 31, proposing 9 parts and 22 measures in terms of upholding and strengthening the overall leadership of the Party, improving shareholder governance, improving the effectiveness of the operation of governance entities, strengthening internal governance, strengthening and improving supervision, and building a good financial ecosystem. The implementation opinion clearly states that by 2029, a financial institution governance mechanism with clear boundaries of authority and responsibility, compatible incentives and restrictions, strict risk management, and efficient operation standards will basically be formed. The internal stability and resilience of the financial system will be significantly enhanced, and the quality and efficiency of high-quality development of financial services will improve markedly.

The General Administration of Financial Supervision, the People's Bank of China, the China Securities Regulatory Commission, and the Ministry of Finance jointly issued the “Implementation Opinions on Improving the Governance of Financial Institutions” on July 31, proposing 9 parts and 22 measures in terms of upholding and strengthening the overall leadership of the Party, improving shareholder governance, improving the effectiveness of the operation of governance entities, strengthening internal governance, strengthening and improving supervision, and building a good financial ecosystem. The implementation opinion clearly states that by 2029, a financial institution governance mechanism with clear boundaries of authority and responsibility, compatible incentives and restrictions, strict risk management, and efficient operation standards will basically be formed. The internal stability and resilience of the financial system will be significantly enhanced, and the quality and efficiency of high-quality development of financial services will improve markedly.