By Wang Yiming, Zhang Chenghui, Gao Shiji, Chen Changsheng, Wu Zhenyu, Chen Daofu, Xu Wei, He Jianwu, Zhuo Xian, Zhu Hongming, Lan Zongmin & Li Chengjian Research Team on “Risk Prevention and Countermeasures during China’s Economic Transformation”, DRC

Research Report No. 158, 2017 (Total. 5233, 2017) 2017-11-24

Abstract: In building a moderately well-off society in an all-round way, it is of major importance to firmly prevent and resolve major risks. In light of the characteristics of the periodic changes of the economic development and high incidence of financial risks during economic transformation, we need to take a strategic, positive and multipronged approach to effectively forestall and dissolve the systematic risks. We need to be clear about the formation and transmission mechanism of risks in the economic transformation period, and clarify the key points and main tasks relating to short-term, medium-term and long-term risk prevention and control measures according to the characteristics of risk aggregation in different periods. It is necessary for us to modernize risk management system and management capacity as an important part of promoting the modernization of national governance system and governance capacity in order to innovate risk management system and mechanism. We need to adhere to a problem-oriented approach, enhance the pertinence and effectiveness of relevant policy, establish a five-in-one policy system for risk prevention covering financial field, market entities, government departments, social circles and external sectors, and spare no efforts to prevent systematic risks from occurring.

Key words: tough job, general approach, policy options