The central bank's work conference in Shanghai in the second half of the year: Cooperate to prevent and deal with the risk of speculation in virtual currency transactions

The Shanghai Headquarters of the People's Bank of China held a work conference for the second half of 2022. The meeting requested that in the second half of 2022, the Shanghai headquarters should conscientiously implement the deployment of the head office and the General Administration of Work Conference, continue to implement the monetary policy, support the development of the real economy, and deepen financial reform, opening up and innovation. In terms of the steady advancement of financial risk prevention and control, we will closely coordinate central and local supervision and policy coordination, and effectively play the role of the Shanghai coordination mechanism of the Office of the Financial Commission. Strengthen the disposal of financial risks in key areas, cooperate with the promotion of Internet platform rectification and the liquidation of online lending institutions, and pay attention to the risk of speculation in virtual currency transactions. Cooperate with the public security and other departments to deepen the governance of the "capital chain" of cross-border gambling and telecommunications and network fraud. Severely crack down on foreign exchange illegal activities such as underground money houses and cross-border gambling. Promote the fight against money laundering crimes. Improve the financial risk monitoring and early warning system, strictly investigate and deal with financial violations, and impose administrative penalties in accordance with the law. Cooperate with the prevention and disposal of the risk of speculation in virtual currency transactions, and promote the resolution of the stock business of P2P online lending institutions.