Pan Gongsheng: Ongoing efforts to combat illegal financial activities, including cryptocurrency speculation, aiming to minimize key financial risks

During the National People’s Congress, Pan Gongsheng highlighted that the People’s Bank of China has resolved key financial risks systematically over the past year and will maintain stringent measures against illegal activities, including cryptocurrency trading.

The PBOC emphasizes collaboration with regulators and law enforcement to ensure financial stability, utilizing macro-prudential tools to mitigate risks associated with external shocks.