人民财讯12月12日电，12月12日，中国人民银行党委书记、行长潘功胜主持召开党委会议，传达学习中 央经济工作会议精神，落实全国金融系统工作会议要求，研究部署贯彻落实举措。会议强调，防范化解 重点领域的金融风险，维护金融稳定。助力在宏观层面把握好经济增长、经济结构调整和金融风险防范 之间的动态平衡，推动经济高质量发展，夯实金融市场平稳运行和微观单体金融机构稳健经营的根基。 加强金融风险监测、评估、预警体系建设。坚定维护金融市场平稳运行，综合平衡防范金融市场的道德 风险，建立在特定情景下向非银金融机构提供流动性的机制性安排。坚定推进金融支持融资平台债务风 险化解工作。坚持市场化、法治化原则，积极稳妥处置中小金融机构风险。做好房地产金融宏观审慎管 理。 ...

Core Viewpoint - The People's Bank of China emphasizes the importance of preventing and mitigating financial risks in key areas to maintain financial stability and support high-quality economic development [1] Group 1: Financial Risk Management - The meeting highlights the need to balance economic growth, structural adjustments, and financial risk prevention at the macro level [1] - Strengthening the monitoring, assessment, and early warning systems for financial risks is a priority [1] - A mechanism for providing liquidity to non-bank financial institutions under specific scenarios will be established to mitigate moral hazards in the financial market [1] Group 2: Support for Financial Institutions - The bank is committed to advancing the resolution of debt risks associated with financing platforms [1] - The principles of marketization and rule of law will guide the proactive and prudent handling of risks in small and medium-sized financial institutions [1] - Macro-prudential management of real estate finance will be emphasized to ensure stability [1]

Group 1 - The national financial system work conference emphasized the need for the financial sector to deeply learn and implement the spirit of the Central Economic Work Conference, accurately grasping the economic situation and main objectives [1] - The focus will be on risk prevention, strong regulation, and promoting high-quality development, with a commitment to effectively manage key financial tasks for 2026 [1] - There will be continued efforts to mitigate risks associated with local small and medium financial institutions, real estate companies, and local government financing platform debts, with strict controls on new risks and management of existing risks [1] Group 2 - The conference highlighted the importance of strengthening financial regulation, improving regulatory systems in key areas, and enhancing compliance and risk awareness among financial institutions [1] - A commitment to high-quality development will be maintained through moderately loose monetary policies, with increased financial support for expanding domestic demand, technological innovation, and small and micro enterprises [1] - The need for comprehensive leadership from the Party over financial work was stressed, along with the importance of implementing directives from General Secretary Xi Jinping and ensuring a good start for the 14th Five-Year Plan in finance [1]

新华社北京12月12日电 全国金融系统工作会议12月12日在京召开。中共中央政治局委员、中央金融委 员会办公室主任何立峰出席会议并讲话。他强调，金融系统要深入学习贯彻中央经济工作会议精神，准 确把握经济工作面临的形势和主要目标任务，坚定做好金融工作的信心和决心，坚持防风险、强监管、 促高质量发展工作主线，有力有序有效做好2026年金融重点工作。要继续着力做好防范化解地方中小金 融机构风险、房地产企业涉金融风险、地方政府融资平台金融债务风险工作，严控增量、妥处存量、严 防"爆雷"，严厉打击非法金融活动。要进一步巩固和强化金融监管，完善重点领域监管制度体系并严格 落实，持续强化金融机构合规意识和风险意识，不断提升监管能力，严肃开展金融风险追责问责。要全 力以赴推动高质量发展，继续实施好适度宽松的货币政策，加强对扩大内需、科技创新、中小微企业等 重点领域的金融支持，稳步有序推进金融改革开放，做好预期管理。要加强党对金融工作的全面领导， 认真学习、深刻领会、不折不扣贯彻落实习近平总书记重要指示批示精神和党中央决策部署，树立和践 行正确政绩观、业绩观，持之以恒推进全面从严治党。要编制好"十五五"金融相关规划，加强工作统 ...

Core Viewpoint - The 19th Huaxia Institutional Investor Annual Conference emphasizes the themes of vitality and resilience in the banking sector, aiming to explore future paths for high-quality economic development [2]. Group 1: Financial Resilience and Risk Management - The banking industry must balance development and safety, enhancing risk management capabilities to withstand various challenges [3]. - A comprehensive risk management system should be established, focusing on proactive measures and ensuring full coverage of risks, including credit, market, liquidity, operational, compliance, and information technology risks [3]. - Emphasis on improving capital management through multiple channels, exploring new capital tools, and enhancing capital efficiency to support sustainable growth [4]. Group 2: Innovation and Customer-Centric Approach - The banking sector should shift towards innovative strategies, focusing on customer-centric services and differentiated offerings to meet diverse financial needs [5]. - State-owned banks should prioritize digital transformation and leverage their comprehensive operational advantages to enhance international competitiveness [5]. - Smaller banks should focus on their market positioning and local advantages to support regional economies and specific sectors like technology and green finance [5]. Group 3: Empowering the Real Economy - The ultimate goal of maintaining resilience and vitality in the banking sector is to serve the real economy and the public, integrating financial services with economic development [6]. - Key focus areas include enhancing technology finance, developing a green finance system, improving inclusive finance services, and promoting digital finance [6]. - The banking industry should support the expansion of domestic demand and provide targeted financial services to meet reasonable consumption financing needs [6]. Group 4: Role of the Banking Association - The China Banking Association plays a crucial role in enhancing industry resilience and vitality, focusing on regulatory support and industry service [7]. - The association is committed to addressing industry needs through training, research, and sharing best practices to promote high-quality development in the banking sector [7].

Core Viewpoint - Xiangyuan Cultural Tourism (SH600576) announced that its actual controller is responsible for the joint guarantee of financial products that have experienced partial overdue payments, which has attracted investor attention. The company clarified that it is not liable for any repayment or guarantee obligations related to these financial products [1][2]. Group 1: Company Clarification - The overdue financial products are related to real estate projects in cooperation with Xiangyuan Holdings, and the actual controller is in communication with relevant parties regarding the overdue situation [1]. - Xiangyuan Cultural Tourism is not involved in the overdue financial products and has not provided any guarantees or enhancements for any financial investment products [1]. - The company's operations are currently normal, and management has committed to ensuring independence from the controlling shareholder in various aspects [1]. Group 2: Background Information - Xiangyuan Holdings, founded in 1992 and based in Shaoxing, Zhejiang, is a leading enterprise in the cultural tourism industry, with over 50 cultural tourism projects across 17 provinces and cities in China [2]. - The company has three main business segments: cultural tourism, infrastructure, and real estate, with its real estate segment being among the top ten in China [2]. - As of December 6, reports indicated that some financial asset income products issued by Xiangyuan Holdings had not been repaid [2][3]. Group 3: Financial Context - The overdue products consist of approximately 2 to 3 types, with investor returns on these products ranging from 4% to 5%, while the company's financing costs are around 8% to 9% [3]. - The Zhejiang Financial Asset Trading Center, where these financial products were traded, had its financial asset trading business qualifications revoked as of October 2024, which may impact the resolution of these overdue payments [4][6].

在当前保险业深化转型、寻求高质量发展的关键节点，工银安盛人寿作为合资险企和银行系险企的代 表，其发展模式备受市场关注。 金融工作具有深刻的政治性和人民性，防范化解金融风险是金融工作的永恒主题。工银安盛人寿在"双 七战略"中，明确将"风控固基"作为七大工程之一。其卓越的风控成效，在监管评级和资产质量上得到 了充分体现。2024年，工银安盛人寿首次获得国家金融监督管理总局风险综合评级AAA级。资产质量 是保险公司风控能力的直接反映。工银安盛人寿信用资产始终保持了"零不良"的记录。2025年三季度 末，公司的核心偿付能力充足率175%、综合偿付能力充足率243%，资本实力进一步夯实。 在服务实体经济方面，工银安盛紧跟国家战略步伐，与国家重大战略同频共振。截至2025年9月，公司 投资长三角区域、长江经济带、成渝都市圈、京津冀地区、粤港澳大湾区五大重点区域合计超1908亿 元，以金融引擎助力区域高质量发展。工银安盛还发挥保险资金"长期资本、耐心资金"的优势，通过股 权、债权等多元融资方式，持续支持高端制造业发展，助力产业高端转型，为打造世界先进制造业高地 贡献力量。 融汇股东禀赋 践行"守护"品牌 近日，由南方财经全 ...

21世纪经济报道记者张欣 稳定币监管迎来了重要转折！ 近日，中国人民银行（以下简称"央行"）召开打击虚拟货币交易炒作工作协调机制会议。会议强调："虚拟货币不具有与法定货 币等同的法律地位，不具有法偿性，不应且不能作为货币在市场上流通使用，虚拟货币相关业务活动属于非法金融活动。稳定 币是虚拟货币的一种形式，目前无法有效满足客户身份识别、反洗钱等方面的要求，存在被用于洗钱、集资诈骗、违规跨境转 移资金等非法活动的风险。" 2021年9月成为监管深化的关键节点，前述十部门联合发布的《通知》正式出炉，将监管力度提升至新高度。《通知》明确指 出，开展法定货币与虚拟货币兑换、作为中央对手方买卖虚拟货币等相关业务活动均属于非法金融活动。在此之后，境内虚拟 货币交易平台悉数关闭，相关业务被全面清理。 进入2025年，虚拟货币市场的新动向推动监管政策进一步细化升级。一方面，香港《稳定币条例》于8月1日正式生效，设置稳 定币发牌制度引发市场广泛关注；另一方面，比特币等虚拟货币价格暴涨暴跌催生投机热潮，以"稳定币"为噱头的非法金融活 动也随之抬头。不法分子利用这一热点，以高额回报为诱饵诱导公众投资实施诈骗，部分还冒用企业名义发行稳 ...

Core Insights - The financial sector in Beijing has shown significant growth during the "14th Five-Year Plan" period, with the financial value added exceeding 810 billion yuan, contributing approximately 20% to the city's GDP, local public budget revenue, and local tax revenue, and around 40% to total tax revenue [4][5]. Financial Sector Growth - The financial value added in Beijing increased from 680.41 billion yuan at the end of 2020 to an estimated 815.42 billion yuan by the end of 2024, providing strong financial support for the stable operation and quality improvement of the capital's economy [5]. - The social financing scale in Beijing has increased by nearly 1 trillion yuan annually from 2021 to 2024, with RMB loans growing at an average rate of 9.2%, outpacing the city's GDP growth by 4 percentage points [5]. Banking and Insurance Sector Performance - By the end of Q3 2025, the total assets of Beijing's banking sector reached 38.3 trillion yuan, a 33.3% increase from the end of the "13th Five-Year Plan," while the insurance sector's total assets grew by 110% to 2.3 trillion yuan [5]. - The non-performing loan disposal amount in Beijing increased by 1.4 times compared to the "13th Five-Year Plan," with a non-performing loan rate of 0.7%, and a capital adequacy ratio of 16.58%, which is 1.22 percentage points higher than the national average [6]. Capital Market Development - As of September 2025, the number of listed companies on the Beijing Stock Exchange reached 277, with a total market capitalization of 91.746 billion yuan, and the region's enterprises achieved direct financing exceeding 5.6 trillion yuan during the "14th Five-Year Plan" [6]. Financial Risk Management - The financial management departments in Beijing have effectively prevented and mitigated financial risks, establishing a comprehensive financial risk prevention and disposal system, resulting in a low overall risk profile for the industry [6][7]. Support for the Real Economy - Beijing's financial management departments have innovated policies and mechanisms to address challenges faced by the real economy, including long-term funding for technological innovation and financing difficulties for small and micro enterprises [7][8]. Future Financial Development Plans - The financial sector in Beijing aims to continue its growth trajectory into the "15th Five-Year Plan," focusing on becoming a core hub for national financial strategy implementation and enhancing its role in international financial governance [10][11].

Core Insights - The Chinese banking sector has entered a significant asset disposal phase in the second half of this year, with various institutions accelerating the clearance of long-standing non-performing loans through market-oriented methods such as transfer listings and packaged sales [1][2] - The scale of asset packages being listed has expanded dramatically, with some institutions offering packages worth hundreds of billions, indicating a new norm in the financial market for the fourth quarter [1] - The demand for financial risk resolution is expected to grow, leading to an increase in the supply of non-performing assets, marking a continued "big year" for asset disposal [1][2] Group 1: Factors Driving Asset Disposal - Multiple factors are contributing to the current wave of asset disposals, including macroeconomic pressures, weakened recovery capabilities in certain industries, and increased regulatory scrutiny on asset quality and capital adequacy [2] - As of June this year, the balance of non-performing loans in commercial banks was 3.43 trillion yuan, with a non-performing loan ratio of 1.49%, indicating ongoing pressure to manage these assets [2] Group 2: Market Dynamics and Trends - The market for personal consumer non-performing loans has seen explosive growth this year, significantly accelerating the overall disposal process [3] - In the first quarter of this year, the scale of personal consumer loans and credit card overdrafts reached 268.2 billion yuan and 51.9 billion yuan respectively, with personal consumer loans accounting for 72.4% of the total [3] Group 3: Impact on Banking Institutions - The accelerated disposal of non-performing assets is expected to improve banks' capital adequacy ratios and profitability metrics [4] - Large-scale disposals can directly reduce non-performing loan ratios and provisioning requirements, thereby enhancing asset quality and freeing up capital for new loans [4][5] Group 4: Regulatory and Systemic Implications - The regulatory environment is focused on preventing systemic financial risks, with measures to enhance asset disposal and capital replenishment efforts [7] - The current wave of concentrated asset disposals is seen as necessary for maintaining the stability of the banking sector and preventing a "dam" of non-performing loans from impacting credit availability in the economy [7][8]