Central Bank Governor Pan Gongsheng: The number of high-risk small and medium-sized banks has dropped by nearly half since its peak

On August 24th, Pan Gongsheng, the governor of the central bank, said that at present, our country's financial system is generally stable. Financial risks in key areas are being resolved in an orderly manner. The number and stock debt levels of financing platforms continue to decline, most of the maturing debt of financing platforms have been sequenced, restructured and replaced, and the financing cost burden has dropped significantly compared with before. The current number of high-risk small and medium-sized banks has dropped by nearly half from its peak.