The report of the 20th National Congress of the Communist Party of China clearly requires，Strengthening the bet365 new customer offer stability guarantee system，Bring all types of bet365 new customer offer activities under supervision according to law，Keep the bottom line of preventing systemic risks。The Central bet365 new customer offer Work Conference held in October 2023 emphasized，To do a good job in bet365 new customer offer work, we must comprehensively strengthen supervision、Focus on preventing and resolving risks，Firmly hold on to the bottom line of preventing systemic bet365 new customer offer risks。Strengthening the bet365 new customer offer stability guarantee system is an inevitable requirement to maintain the bottom line of preventing systemic bet365 new customer offer risks and promote high-quality bet365 new customer offer development，Is the essence of accelerating the construction of a modern bet365 new customer offer system with Chinese characteristics and a bet365 new customer offer power。

　　Clear the main responsibility for bet365 new customer offer stability

Coordinate the prevention and resolution of major bet365 new customer offer risks，It is necessary to consolidate the responsibilities of all parties，Unblocked mechanism、Clear responsibilities、Division of labor and cooperation、Form a combined force。The main entities that maintain bet365 new customer offer stability include departmental supervision、Local territories and bet365 new customer offer institutions。

Supervisory responsibilities of bet365 new customer offer regulatory agencies。At present, my country's bet365 new customer offer regulatory agencies include both the central bet365 new customer offer management department (i.e., "one bank, one general bureau, one council, one bureau") and its branches or dispatched agencies，Also includes local bet365 new customer offer regulators。From the specific division of labor，The People’s Bank of China is mainly responsible for the supervision of monetary policy and macro-prudential supervision，Such as improving supervision of systemically important banks、Carry out bet365 new customer offer institution ratings on a quarterly basis，And banking industry stress testing for risk monitoring and early warning。The State bet365 new customer offer Supervision and Administration Bureau is responsible for the supervision of the bet365 new customer offer industry except the securities industry，Strengthen daily supervision of bet365 new customer offer holding groups、bet365 new customer offer Consumer Protection。The China Securities Regulatory Commission is responsible for capital market supervision、Added responsibilities such as corporate bond issuance review，Realizing unified supervision of the bond market。Local bet365 new customer offer regulatory agencies are mainly responsible for regulating small loan companies、Financing Guarantee Company、Supervision of local bet365 new customer offer institutions such as regional equity markets and other local bet365 new customer offer organizations。It is necessary to strengthen institutional supervision、Conduct supervision、Function supervision，Improve penetrating supervision、Continuous supervision，Improving the implementation and accountability system of regulatory responsibilities，Effectively improve effectiveness。

Territorial responsibilities of local governments。Leverage the role of local bet365 new customer offer committees and bet365 new customer offer working committees in maintaining bet365 new customer offer stability，Pay close attention to the work of maintaining bet365 new customer offer stability，Build an iron wall to guard against regional bet365 new customer offer risks。Responsibility for local state-owned bet365 new customer offer capital management、Coordinated integration of local risk handling responsibilities and the first responsibility for maintaining stability and handling emergencies，Promote the establishment of a bet365 new customer offer risk disposal mechanism that is responsible for the main local leaders，Properly deal with high-risk bet365 new customer offer institutions in the jurisdiction。Accelerate the implementation of a package of localized debt plans，Optimizing local government debt structure，Establish a long-term mechanism to prevent and resolve local government debt risks。Further improve corporate governance，Perfect risk control system，Strengthen internal control management。

Main responsibility of bet365 new customer offer institutions。bet365 new customer offer institutions are the first line of defense to prevent and resolve bet365 new customer offer risks，The main responsibility of bet365 new customer offer risk prevention and disposal should be effectively fulfilled。bet365 new customer offer institutions should operate in compliance with laws and regulations，Strengthen internal control，Improve corporate governance。Effectively play the leadership role of the party committee in the risk management of bet365 new customer offer institutions，Further strengthen the ultimate responsibility of the board of directors for risk management，Give full play to the supervisory function of risk management of the Board of Supervisors；Further clarify the main responsibilities of major shareholders and actual controllers of bet365 new customer offer institutions in risk management，Strengthen the responsibility of major shareholders and actual shareholders to rescue bet365 new customer offer institutions that are being disposed of。Large state-owned bet365 new customer offer institutions are usually domestic systemically important bet365 new customer offer institutions，Its security and stability are related to the national bet365 new customer offer security and stability。

　　Improving the bet365 new customer offer Stability Guarantee Fund

“There must be sufficient resources，Speedly establish a bet365 new customer offer stability guarantee fund，Leverage the role of the deposit insurance system and industry security funds in risk management。"It can be said，The bet365 new customer offer stability guarantee fund system is an important part of the bet365 new customer offer safety net。

Accelerate the accumulation of bet365 new customer offer stability guarantee funds。The 2022 "Government Work Report" proposed "the establishment of a bet365 new customer offer stability guarantee fund" for the first time。The bet365 new customer offer Stability Guarantee Fund is a reserve fund to deal with major bet365 new customer offer risks，Should focus on the disposal of systemic bet365 new customer offer risks，Focus on being more destructive、Wider range of bet365 new customer offer risk prevention and resolution，Play the role of market-oriented risk disposal platform。Accelerate the accumulation of bet365 new customer offer stability guarantee funds，Enrich sources of funds for fund raising，Clear and improve the fund use and risk disposal mechanism，Is the top priority to improve the bet365 new customer offer stability guarantee system。

Improving the bet365 new customer offer industry protection fund。Our country has established a deposit insurance fund、Insurance Protection Fund、Securities Investor Protection Fund、Futures Investor Protection Fund、Trust industry protection fund and other bet365 new customer offer industry protection funds。But compared to the disposal of high-risk bet365 new customer offer institutions in recent years，The scale of bet365 new customer offer industry protection funds is limited and the scope of use of some funds faces restrictions，Lack of overall coordination，The application mechanism needs to be refined。Therefore，The risk disposal role of bet365 new customer offer industry security funds should be strengthened，Improve its operating mechanism，Expand its scope of use，Give full play to its risk monitoring and protection role。Double-tier operation of the bet365 new customer offer Stability Guarantee Fund and the bet365 new customer offer Industry Guarantee Fund、Cooperation，Guarantee national bet365 new customer offer security。

Improve the lender of last resort system。The lender of last resort system is the last resort used by the central bank to rescue bet365 new customer offer institutions，We should insist on preventing systemic risks、The principle of supplementing liquidity risk。Accurately distinguish between systemic risk and liquidity risk，Avoid the gradual generalization of the lender of last resort function，Focus on the moral hazard and adverse selection problems caused by excessive assistance from the lender of last resort。

Establish local bet365 new customer offer stability guarantee fund。Encourage local governments to set up local security funds or debt funds according to local conditions，Properly handle and resolve local debt risks，Do a good job in local risk management and follow-up institutional reform、Matching and connection of prudential supervision。Improve the operation and use mechanism of local security funds，Enhance the ability to maintain regional bet365 new customer offer stability，Promote the construction of long-term mechanism for local bet365 new customer offer stability。

　　Improving legal protection for bet365 new customer offer stability

The Central bet365 new customer offer Work Conference held in October 2023 emphasized，“We must strengthen the construction of bet365 new customer offer rule of law，Promptly promote legislation in key bet365 new customer offer areas and emerging areas”。Accelerate legislation in the field of bet365 new customer offer stability，Improving the legal protection system for bet365 new customer offer stability，Related to national bet365 new customer offer security and stability，Is an important institutional foundation for improving national bet365 new customer offer governance capabilities。Only a sound legal guarantee system for bet365 new customer offer stability，Only in this way can bet365 new customer offer stability and high-quality bet365 new customer offer development be effectively guaranteed。

Accelerate the introduction of the bet365 new customer offer Stability Law。April 2022，The People's Bank of China released the "bet365 new customer offer Stability Law of the People's Republic of China (Draft for Comments)"。In order to strengthen the top-level design of bet365 new customer offer stability work、Effectively play the role of the bet365 new customer offer Stability Guarantee Fund in dealing with major bet365 new customer offer risks，Need to accelerate the introduction of the bet365 new customer offer Stability Law，Establish a cross-industry and cross-department bet365 new customer offer stability working mechanism，Clear legal procedures for bet365 new customer offer risk disposal，Ensure bet365 new customer offer risk monitoring、The identification and disposal process is "law-based"、There are rules to follow”。

Accelerate the revision and improvement of laws and regulations related to bet365 new customer offer stability。Accelerate the promotion of the "People's Bank of China Law", "Commercial Bank Law", "Securities Law", "Insurance Law", "Trust Law", "Deposit Insurance Fund Regulations" and other relevant laws、Revision work of regulations，Realize the internal logic of different legal norms in the bet365 new customer offer stability legal system，Maintain content consistency。Improving laws and regulations closely related to bet365 new customer offer stability such as the Enterprise Bankruptcy Law and the Anti-Monopoly Law，Strengthen legislative coordination between different fields，Leverage synergy in governance。

Improving the legal system related to local bet365 new customer offer stability。March 2023，Central Committee of the Communist Party of China、The "Party and State Institutional Reform Plan" issued by the State Council points out，"Establish a local bet365 new customer offer supervision system based on local offices of the central bet365 new customer offer management department"。October 2023，The Central bet365 new customer offer Work Conference emphasized the need to implement the territorial responsibilities of the bet365 new customer offer committees and bet365 new customer offer working committees of local party committees。Therefore，It is necessary to accelerate the formulation and revision of local bet365 new customer offer regulatory regulations at the national and local levels，Introduce the "Local bet365 new customer offer Supervision and Administration Regulations" as soon as possible，For local bet365 new customer offer supervision、Provide legal basis for bet365 new customer offer risk prevention, resolution and disposal，Effectively maintain local bet365 new customer offer stability。

　　Digital empowered bet365 new customer offer stability guarantee system

While giving full play to the positive role of digital finance，Using digital technology to strengthen the bet365 new customer offer stability guarantee system，It is an urgent need to adapt to the development of bet365 new customer offer digital transformation，It is also to prevent bet365 new customer offer risks across regions、Cross-market、Necessary requirements for cross-border transmission of resonance。

Digitally empowered bet365 new customer offer institutions，Promote the digital transformation of bet365 new customer offer institutions。Strengthening the integration and application of digital technology in bet365 new customer offer institutions，Building a pre-event risk assessment、Digital risk control system for in-process monitoring and post-event collection。Strengthen the transmission of information technology risk management concepts and the implementation of risk management and control technical tools，Focus on risk control data accumulation and management，Fully identify potential risks and changes，Real-time risk information、Complete、Precise conduction，Promote the transformation of risk management from "human defense" to "intelligent defense" and "technical defense"。

Digital Empowerment Supervision Department，Strengthen the construction of regulatory technology。Regulatory authorities should make timely and dynamic adjustments，New services that may create risks in the rapid integration of bet365 new customer offer services and digital technology、New activity、New products are subject to supervision in a timely manner，Improving an early correction mechanism for bet365 new customer offer risks with hard constraints。Actively promote the construction of regulatory big data platform，Gradually realize the online standardization of supervision process，Continue to strengthen regulatory data collection、Share and apply，Improving the digitalization of supervision、Intelligence level，Improve supervision efficiency and quality。

Digitally empowered enterprise management，Improve enterprise risk prevention capabilities。Encourage companies to apply digital technology to processes、Manufacturing、Logistics and other aspects，Make full use of digital resources，Improve the company’s internal management level and risk prevention capabilities。Accelerate the digital transformation of enterprises，Helps companies seek more diversity、Healthy external supply chain system，While constantly adapting to market changes, effectively identify and bear various risks caused by rapid changes in the external environment。

　　(The author is a professor at the School of Finance, Zhongnan University of Economics and Law)