Nov 13 — Wang Shengbang, chief legal officer and director of the Regulations
Department at China’s Financial Regulatory Administration, told the 17th Caixin
Summit that discussions of economic-financial alignment have emphasized effects
on economic growth while underweighting impacts on financial stability. He said
the economy and finance mirror each other with complex interactions: proper
Alignment improves allocation efficiency, supports sustained growth and reduces
financial risk, whereas misalignment can both drag growth and create financial
imbalances that accumulate risk. Wang also noted the 15th Five-Year Plan calls
for financial institutions to focus on core businesses, improve governance and
pursue differentiated development, so assessments of economic‑financial fit
should consider growth and stability together.
