Today, I would like to share with you my observations on three issues. The first issue is mobilizing funds for a sustainable transition. Under the leadership of the CPC Central Committee and the State Council, the PBC has been working with relevant departments to improve the top-level design of green finance.
The advent of innovative information technologies significantly shortened the reporting lag, enabling flexible real-time responses to emerging imbalances. Deregulation and the newer information technologies have joined, in the United States and elsewhere, to advance flexibility in the financial sector. Financial stability may turn out to have been the most important contributor to the evident significant gains in economic stability over the past two decades.