[Pan Gongsheng: Expand the Central Bank's Macroprudential and Financial Stability Functions to Maintain the Stable Operation of Financial Markets such as the Stock Market, Bond Market, and Foreign Exchange Market] On September 16, *Qiushi* published a signed article by Pan Gongsheng, Governor of the Central Bank, titled 'Deeply Understanding the Evolution of China's Financial Structure and Enhancing the Adaptability of Financial Services to the Real Economy.' The article pointed out the need to improve a comprehensive macroprudential management system and further enhance the stability and resilience of the financial system. At the macro level, it is essential to strike a dynamic balance between economic growth, economic structural adjustments, and financial risk prevention. Risks in key areas should be resolved prudently. Efforts should continue to support the resolution of local government financing platform debt risks. The resolution of risks in key regions and institutions should be advanced in a prudent and orderly manner, while strictly adhering to financial discipline, market discipline, and regulatory rules. A sound financial stability safeguard system should be established. Monitoring, assessment, and early warning of systemic financial risks should be strengthened. The central bank's macroprudential and financial stability functions should be expanded, the macroprudential management toolbox enriched, and the stable operation of financial markets such as the stock market, bond market, and foreign exchange market should be maintained.