Exclusive interview with Wang Junshou, Vice Governor of Hunan Province: Risk resolution shifts to stock clearance, financial innovation empowers the "Three Vehicles and Two Members"

Financial risk prevention and control is shifting from “prevention” to “disposal,” signaling that risk resolution has fully entered a campaign phase of “clearing existing stock and curbing new growth.” This is not only a change in the focus of work, but also a policy signal that financial governance is moving from piecemeal repairs to system-wide reshaping. With determination to “turn the blade inward,” Hunan Province is promoting a fundamental shift in risk response—from “keeping it under control” to “eliminating it.” Resolving risks at small and medium-sized financial institutions is a key task for preventing and defusing risks in the financial sector. Wang Junshou suggests promoting the regularization of special bond issuance and establishing stable external funding channels. Under the guidance of national financial regulatory authorities, provincial-level governments will regularly issue special bonds for small banks. (Yicai)