央行：夯实金融稳定机制保障，继续扩大存款保险基金、金融稳定保障基金积累

Core Viewpoint - The People's Bank of China emphasizes the importance of actively and prudently preventing and resolving financial risks in its monetary policy execution report for Q4 2025 [1] Group 1: Monetary Policy Framework - The next phase of monetary policy will focus on establishing a comprehensive macro-prudential management system and a mechanism for systemic financial risk prevention and resolution [1] - The central bank aims to enhance its macro-prudential and financial stability functions, improving the toolbox for macro-prudential and financial stability management to maintain stable financial market operations [1] Group 2: Systemic Financial Risk Management - There will be a strengthened monitoring, assessment, and early warning system for systemic financial risks from a macro, counter-cyclical, and contagion perspective [1] - The macro-prudential management of systemically important financial institutions will be reinforced, advancing the construction of an additional regulatory framework [1] Group 3: Regulatory Enhancements - The report outlines the need for systemically important banks to continuously improve their recovery and resolution plans, exploring the proactive guidance role of risk management [1] - A mechanism for cross-border crisis management among globally systemically important banks will be established, enhancing cross-border regulatory cooperation and information sharing [1] Group 4: Risk Mitigation Strategies - The additional regulatory coverage will gradually expand to the non-bank sector, focusing on risk resolution in key regions and institutions [1] - The financial stability mechanism will be solidified, with continued accumulation of deposit insurance funds and financial stability guarantee funds, and exploration of a backup financing mechanism [1]