潘功胜：重点领域风险有序化解，融资平台数量下降超过60% "十四五"成绩单

Core Insights - The press conference highlighted significant achievements in China's financial sector during the "14th Five-Year Plan" period, with a focus on financial stability and risk management [2][5][9] Financial Sector Achievements - As of June 2023, China's banking sector total assets reached nearly 470 trillion yuan, ranking first globally; stock and bond market sizes are second in the world; and foreign exchange reserves have maintained the top position for 20 consecutive years [5][9] - The number of financing platforms has decreased by over 60% and financial debt has dropped by more than 50% compared to the beginning of 2023, indicating a significant reduction in local government financing platform risks [5][8] Financial System Reforms - Financial system reforms have deepened, with a focus on modernizing the financial governance structure and enhancing the quality and efficiency of financial services [5][6] - The People's Bank of China (PBOC) has implemented a series of monetary policies to stabilize expectations and boost confidence, contributing to economic recovery [7] Risk Management and Stability - The PBOC has effectively managed financial risks, particularly in local government financing and real estate sectors, ensuring that systemic financial risks are contained [8][9] - The overall financial system remains stable, with healthy operation of financial institutions and a low default rate in the bond market [9] Future Outlook - The PBOC plans to further explore and expand its macro-prudential and financial stability functions to maintain systemic financial risk control [9]