AiCoin|Mar 07, 2026 04:22
[Pan Gongsheng: Sustained Crackdown on Virtual Currency Speculation and Other Illegal Financial Activities]
Pan Gongsheng, Governor of the People's Bank of China, stated at the press conference on economic themes during the Fourth Session of the 14th National People's Congress that over the past year, financial risks in key areas of China have been resolved in an orderly manner, the financial system and markets have operated smoothly, and risks in key areas have continued to diminish. The People's Bank of China, in collaboration with relevant departments, has maintained a high-pressure crackdown on illegal financial activities such as illegal fundraising, virtual currency trading speculation, and underground banks. It will continue to prevent financial risks, safeguard financial stability, closely monitor the impact of external shocks, and use macroprudential and financial stability policy tools to promptly mitigate or block risk contagion.
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