China's Financial Risk Management Strategy

China aims to implement a 'One Province, One Policy' plan for financial risk management, addressing local debt issues and risk prevention. The country plans to resolve disputes over consumption and protect consumers' rights. Additionally, the National Financial Regulatory Administration (NFRA) collaborates with the General Administration of Financial Supervision to tighten supervision of the financial industry, excluding the securities market. The NFRA expresses confidence in addressing financial risks through reform and development, focusing on dealing with 'key people' and 'key behaviors' causing major financial risks.