Shanghai: strengthen financial supervision and guard against economic and financial risks

Gong Zheng, deputy secretary of the Shanghai Municipal CPC Committee and mayor, presided over an executive meeting of the municipal government today (15 May). The meeting pointed out that further strengthening financial and accounting supervision will help improve the efficiency of the use of public funds, standardize the use of funds, and create a good market economic order, which is essential to promoting the stable and healthy operation of the economy of mega-cities. Financial and accounting supervision should play a greater role in improving the governance system and improving the administrative efficiency of the government, take the supervision of capital operation as a starting point, break through the bottleneck of obstruction, and further improve the ability of budget implementation and fund allocation. It is necessary to play a greater role in standardizing the market economic order and promoting high-quality development. We should not only efficiently promote development, promote the flow of funds to important areas such as expanding demand, promoting investment, increasing kinetic energy, and protecting people's livelihood, and use precious funds on the cutting edge; at the same time, we should effectively prevent risks and guard against economic and financial risks by strengthening supervision over financial and accounting behaviors of state-owned enterprises and financial enterprises. It is necessary to play a greater role in strengthening financial and economic discipline and promoting the "three non-corruption" in one body. We will promote coordination and linkage between financial and accounting supervision and other supervision, smooth the channels of mass supervision and public opinion supervision, and make financial and economic discipline truly become a "high-voltage line" for anti-corruption.