This year, we will follow President Xi Jinping’s remarks that “when it comes to improving financial services and preventing financial risks, a key component is to deepen reform and opening up”, steadily promote the opening up of the financial sector to facilitate the supply-side structural reform and the structural improvement of the financial system, and to support high-quality economic growth. Thank you!
Complacency, as stated, is highly dangerous in this context. Even if no financial institution has collapsed in the current crisis in Israel, we should remember that it was a damn close run thin. We were forced, for example, to unfurl a safety net for the pension funds during the crisis, some domestic corporate bonds had to the reorganized, and so on.