1 means to attach great importance to financial risks. Although the major financial risks have been controlled, there are still many hidden dangers, especially the lack of an effective blocking mechanism for cross-institution, cross-field and cross-market transmission of financial risks. At present, the sources of funds for enterprises are generally multi-faceted, multi-channel and multi-market. If an enterprise defaults on the bond market or trust products, other related debts of the enterprise will be highly concerned by financial institutions because of cross-default, which is easy to form a situation in which the whole institution tightens loans. Many enterprises have good assets and some loan investment projects are relatively smooth, but cross-default leads to tight financing contraction, which is also the reason why many enterprises have difficulty in financing or their credit is still tight. In this regard, supervision still needs to introduce some policies to effectively block different risks and prevent infection.

2. We need to pay close attention to the future changes in the balance of payments. The government work report puts forward that as a macro goal, the balance of payments should be basically stable. However, we can see that the balance of payments has changed obviously, and the huge double surplus in the past is decreasing.

3. In the past, the state issued many policies, guiding opinions and requirements to deal with the economic downturn, and achieved good results. However, in order to make the effect lasting, it is necessary to improve the policy from the institutional level and the mechanism level. For example, in view of the financing difficulties and high financing costs of small and micro enterprises, the government work report clearly requires that the loan growth rate of large commercial banks should not be less than 30% this year, and the financing costs must be reduced. As financial institutions, of course, we will fully implement the requirements put forward in the government work report, but to support small and micro enterprises and private enterprises for a long time, we need to deepen the reform of the system and mechanism. For example, in terms of risk tolerance, in addition to improving the tolerance of financial institutions to small and micro enterprises, the regulatory authorities should also adjust the requirements for risk tolerance of financial institutions. At the same time, we should give full play to the role of price so that it can cover risks. Only by establishing these systems and mechanisms and operating in a more market-oriented way, I think financial institutions will take it as their responsibility to support private small and micro enterprises and strive to provide good services.

1. Financial risk refers to financial-related risks, such as financial market risk, financial product risk and financial institution risk. The consequences of financial institutions' risks often exceed their own influence. The risks of financial institutions in specific financial transactions may pose a threat to the survival of financial institutions; The crisis caused by poor management of specific financial institutions may pose a threat to the stable operation of the whole financial system; Once systemic risks occur and the financial system fails, it will inevitably lead to the chaos of the whole social and economic order and even lead to a serious political crisis.

2. Basic characteristics: The basic characteristics of financial risks are as follows: uncertainty: it is difficult to fully grasp the factors affecting financial risks in advance. Relevance: The particularity of commodity currency operated by financial institutions determines the close relationship between financial institutions and economy and society. High leverage: financial enterprises have high debt ratio, large financial leverage and large negative externalities. In addition, financial instrument innovation and derivative financial instruments are also accompanied by higher financial risks. Infectious: financial institutions undertake intermediary functions and separate the corresponding relationship of original loans. The risk of any party in this intermediary network may affect other aspects, even the financial risks of industries and regions, thus leading to financial crisis.

3. Financial risks can be divided into market risks, institutional risks and institutional risks. However, the biggest risk in China comes from the influence of the traditional system and the irregularity caused by the failure of supervision. Due to the long-term accumulation of institutional factors, including the influence of the traditional planned economy system, the construction funds of state-owned enterprises rely too much on bank loans, and bank credit funds are fiscal; In addition, the internal management of financial institutions is not good, resulting in huge bad debts, resulting in low quality of financial assets. The irregular operation of China's securities and futures market has disturbed the normal order and led to a large number of illegal acts. Some securities institutions and enterprises (including listed companies) collude with a few banking institutions to make huge profits and introduce speculative risks in the stock market into the banking system; Some enterprises and financial institutions evade state supervision and illegally carry out overseas futures trading, causing huge losses to the country; Listed companies are not standardized and even become a means of poverty alleviation.