China's financial safety net includes

Micro-prudential supervision, deposit insurance, central bank lender of last resort.

The traditional financial safety net generally includes three pillars: micro-prudential supervision, deposit insurance and the lender of last resort of the central bank. From the perspective of international and domestic financial risks, it is necessary to constantly improve and strengthen the traditional three-pillar framework, incorporate behavioral supervision and macro-prudential management, and build an expanded five-pillar financial safety net.

relevant information

The financial industry must be licensed to operate, and the financial license must have national boundaries. No organization can drive an overseas license without a license. At present, many overseas financial service providers and criminals have expanded their borders through Internet channels and digital platforms, breaking through regulatory requirements and harming the rights and interests of consumers and investors in China.

The relevant financial supervision departments must be duty-bound to strictly investigate the cross-border "driving without a license" behavior and illegal cross-border financial advertisements involved by China's heavy punishment institutions, and the foreign exchange administration departments must continue to severely punish illegal acts in cross-border capital flows.