Finance is the lifeblood of the national economy, and preventing and defusing financial risks is an eternal theme of financial work. Several the works in the first volume of "Selected Economic Writings of Xi Jinping" (hereinafter referred to as "Selected Writings") have made profound discussions preventing and defusing financial risks. For example, "Serving the Real Economy and Preventing Financial Risks" points out that "preventing and defusing financial risks, preventing systemic financial risks, is the fundamental task of financial work and also the eternal theme of financial work"; "Walking on the Road of Financial Development with Chinese Characteristics" out that "the scale and complexity of China's financial system are no longer the same as before, and the systemic correlation of risks has greatly increased. We must enhance our sense crisis, do a good job in risk prevention and control, and enhance the resilience of the financial system"; and so on. To study the "Selected Writings" in, we must deeply understand the importance of preventing and defusing financial risks, unswervingly walk on the road of financial development with Chinese characteristics, and ensure high-quality development high-level financial security.
Preventing and defusing financial risks is of great significance for maintaining economic stability, promoting high-quality development, and building a financial power

General Secretary Xi Jinping pointed out: "Maintaining financial security is a strategically and fundamentally important matter that is related to the overall situation of China's economic and social." As the lifeblood of the national economy, only when finance is stable can the economy be stable; only by guarding the financial security line can the economic edifice be solid as a rock. Only by doing a good job in preventing and defusing financial risks can we provide an important support for the stable progress of the economy

Looking at it generally, financial risks often lurk in various links of economic activities in complex and changeable forms. Major risks can seriously disrupt the normal operation of the economy, and systemic financial risks can even cause global and long-term shocks to a country's economic development. In recent years, the continuous emergence of financial innovation, all kinds of financial products have not only improved the efficiency of market operation but may also hide risks that are difficult to predict. The transmission speed financial risks in the financial market is very fast, and once they occur, they often spread rapidly, leading to increased volatility in financial asset prices, an increased probability of corporate capital chain and production and business difficulties, and a slowdown or even stagnation in economic development. The turmoil in the financial market will also lead to a sharp decline in investors' assets, loss residents' wealth, a decline in consumption capacity, and further drag on economic recovery. The international financial crisis in 2008 and the subsequent European debt crisis have severely damaged financial system and real economy of the world, especially the United States and Europe, leading to a large number of enterprise bankruptcies, soaring unemployment rates, and dragging the world economy into. To this day, some countries' financial institutions are still mired in the bad debt swamp left over from that period, eager to get rid of the shadow as soon as and return to a healthy and stable development track. This is why we must attach great importance to the importance of preventing and resolving financial risks.
An important measure to maintain economic. Effectively preventing and resolving financial risks can ensure the overall soundness of the financial system and the orderly operation of the financial market. This helps to iron out the cyclical of the economy, making economic growth more resilient, and allowing China's economy to maintain its focus in the face of external shocks such as a lack of global economic recovery momentum andified trade frictions. On the other hand, from preventing imported risks to resolving hidden dangers in key areas, from protecting the "money bags" of the people to maintaining the stability corporate capital chains, the soundness of the financial system can provide a solid guarantee for the development of people's livelihood undertakings, thereby stabilizing market expectations and boosting confidence of market entities in development. In recent years, China has built a comprehensive risk prevention and control system through measures such as improving the deposit insurance system, strengthening the protection of consumers rights and interests, and steadily and orderly promoting the reform and risk resolution of small and medium-sized financial institutions. It has adhered to the bottom line of no systemic financial and helped all kinds of economic activities to carry out orderly in a relatively stable environment.