The General Administration of Financial Supervision, the People's Bank of China, the China Securities Regulatory Commission, and the Ministry of Finance recently jointly issued the “Implementation Opinions on Improving the Governance of Financial Institutions”, which proposed 22 measures. The “Implementation Opinions” are clear and enhance the forward-looking nature of supervision. Strengthen corporate governance risk monitoring and early warning, unify data standards, promote digitization and intelligence of supervision, and achieve early identification, early warning, early exposure, and early disposal of risks. Early intervention is carried out on financial institutions with major governance flaws and risks, and hard regulatory restrictions are strengthened.

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