The Abstract of Shandong Financial Stability Report(2024)
In 2023,the financial industry of Shandong Province comprehensively implemented the decisions and deployments of the CPC Central Committee and State Council and the provincial government,adhered to the general keynote of steady progress,the overall stability of the regional financial operation,and the quality of service to the re-al economy has been enhanced.However,in the context of China's development facing a lack of effective demand,overcapacity in some industries,and weak social expectations,the foundation of Shandong Province's economic re-covery is not yet solid,and risks in the real economy continue to be transmitted to the financial sector,and the pres-sure to prevent and control financial risks remains high.