Thus, the purpose of financial legislation is not to wipe out all risks, but to control it in a certain scale that can be handled by the supervisors and absorbed by the financial institutions. Viewing from this aspect, the establishment and enforcement of financial legal system are indispensable for preventing, controlling and dissolving financial risks.
On today’s occasion, I would like to share with you my observations about the prevention of financial risks in China in the broad context of financial innovation from the aspect of financial legislation. I.