Beijing's Financial Street lit up this Monday as the 2025 Annual Conference of the Financial Street Forum kicked off… 🎙️
Day 1 brought together financial heavyweights Pan Gongsheng, governor of the People's Bank of China, and Li Yunze, head of the National Financial Regulatory Administration. 💼
Pan Gongsheng dove into risk management strategies, stressing the need to shield the financial system from shocks and strengthen monitoring of systemic risks. It's like adding extra lives in your favorite video game – you never know what level boss might appear! 🎮🛡️
On the digital currency front, the central bank announced plans to level up the digital RMB system. Expect more commercial banks to come aboard and smooth out your digital yuan transactions. Think of it as upgrading your wallet app to include bonus features! 💸📲
Li Yunze highlighted the importance of harmony between finance and society. By blending direct and indirect financing – balancing "investment in assets" with "investment in people" – the new model aims to make finance more inclusive. Picture a playlist that mixes old-school hits with fresh tracks; that's the vibe for next-gen finance! 🎵🤝
As the forum continues, participants will explore fresh pathways for global financial development in a changing world. Stay tuned for more updates! 🌐✨
Reference(s):
Navigating change: Insights from day 1 of 2025 Financial Street Forum
cgtn.com
