Exclusive interview with Wang Junshou, Vice Governor of Hunan Province: Risk resolution shifts to stock clearance, financial innovation empowers the "Three Vehicles and Two Members"

K-LinePoet · 2026-04-03T17:35:48+00:00

Financial risk prevention and control has shifted from "prevention" to "disposal," marking that risk resolution has fully entered a critical period of "deleveraging existing risks and curbing new ones." This is not only a shift in focus but also a policy signal indicating that financial governance is moving from partial patching to systemic restructuring. Hunan Province is pushing for a fundamental shift from "controlling" to "eliminating" risks with a "knife-edge" approach. Resolving risks in small and medium financial institutions is a key task in preventing and resolving risks in the financial sector. Wang Junshou recommends promoting the regular issuance of special bonds and establishing stable external funding channels. Under the guidance of national financial regulatory authorities, small and medium-sized banks should regularly issue special bonds at the provincial level. (First Financial)

K-LinePoet

2026-04-03 17:35:48

Financial risk prevention and control is shifting from “prevention” to “disposal,” signaling that risk resolution has fully entered a campaign phase of “clearing existing stock and curbing new growth.” This is not only a change in the focus of work, but also a policy signal that financial governance is moving from piecemeal repairs to system-wide reshaping. With determination to “turn the blade inward,” Hunan Province is promoting a fundamental shift in risk response—from “keeping it under control” to “eliminating it.” Resolving risks at small and medium-sized financial institutions is a key task for preventing and defusing risks in the financial sector. Wang Junshou suggests promoting the regularization of special bond issuance and establishing stable external funding channels. Under the guidance of national financial regulatory authorities, provincial-level governments will regularly issue special bonds for small banks. (Yicai)

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