The People's Bank of China (PBOC) and China's State Administration of Foreign Exchange (SAFE) held a system-wide warning education conference alongside a meeting to advance training on establishing and practising a "correct view of performance", using internal corruption cases to drive rectification and strengthen discipline and anti-corruption work across the system. Governor Pan Gongsheng set out priorities to sustain pressure against misconduct and corruption, reinforce institutional controls and supervision, and embed regular warning education. The learning programme on the "correct view of performance" is to combine study and discussion with problem identification, remediation, rule-making and "open" education, while aligning assessment and кадров selection and appointment to encourage responsibility. The work agenda was also linked to implementing rectification arising from central inspections and audits, addressing "involution-style" competition among financial institutions, coordinating the "five key financial tasks", advancing the resolution of local government financing platform debt and risk disposal for small and medium-sized financial institutions, maintaining a high-pressure crackdown on illegal financial activities, and improving county-level central bank financial management and services. SAFE head Zhu Hexin and PBOC discipline inspection group leader Qu Jishan also outlined follow-through expectations, including case-based rectification and governance, stronger checks on the exercise of power, intensified verification and handling of case leads, accountability for conduct inconsistent with the "correct view of performance", and standardised application of the "four forms" of supervision and discipline. The conference was held by video link across PBOC and SAFE headquarters, regional branches and affiliated units.
Central Bank of the Republic of China 2026-04-25
People's Bank of China and China's State Administration of Foreign Exchange convene system-wide warning education meeting to deepen anti-corruption and "correct performance view" training
The People’s Bank of China and the State Administration of Foreign Exchange held a warning education conference to strengthen discipline, anti-corruption efforts and training on a “correct view of performance”, using internal corruption cases to drive rectification. Governor Pan Gongsheng and other senior officials set priorities to sustain pressure against misconduct, reinforce institutional controls and supervision, and support broader financial risk resolution, including local government financing platform debt and small and medium-sized financial institution risks.