How to deal with financial risks in traditional and emerging business

1. For traditional business: establish a perfect risk management system, including risk identification, assessment, monitoring, control and disposal. Strengthen communication with regulators to keep abreast of policy changes and prevent risks.

2. For emerging businesses: conduct in-depth research on the characteristics and risk profiles of emerging businesses and formulate corresponding risk management strategies. Establish a sound counterparty credit rating system to reduce credit risk.