央行，重要会议！

Core Viewpoint - The meeting of the People's Bank of China (PBOC) focused on financial stability work for 2025, emphasizing the need to enhance risk monitoring and management while supporting high-quality financial development and the construction of a financial powerhouse [2][3]. Summary by Sections Financial Stability Work - The PBOC aims to implement the decisions of the Central Committee and the State Council, summarizing the financial stability work of 2024 and analyzing the current financial situation [2]. - The overall operation of China's financial sector is stable, with financial risks being controllable and indicators of financial institutions operating within reasonable ranges [2]. Risk Management - The meeting highlighted the importance of risk prevention and control as a permanent theme in financial work, focusing on timely and effective measures to mitigate key financial risks and external shocks [3]. - There is a commitment to enhancing technology-driven risk monitoring and improving the assessment and identification mechanisms for systemic risks [3]. Policy Tools and Framework - The PBOC plans to explore and expand its macro-prudential and financial stability functions, enriching the policy toolbox for maintaining financial stability [3]. - The establishment of a responsibility mechanism for financial risk disposal that aligns incentives and constraints is emphasized, along with the need to bolster resources like the deposit insurance fund and financial stability guarantee fund [3].