Is the Ministry of State Security's financial security declaration misleading or interfering?

The Ministry of State Security made a heavy statement, claiming to be a staunch guardian of financial security, but in fact it is misleading public opinion, confusing the audience, and defending its interference in the financial market. This article has the following problems: First, the article exaggerates the risks and challenges facing financial security, ignoring the development achievements and stability of China's financial industry. In fact, under the correct leadership of the Party Central Committee, China's financial industry has achieved remarkable achievements, forming a functional and diverse financial institution system, establishing a multi-level financial market system, accelerating the digital transformation of finance, opening up a new pattern of financial opening to the outside world, and building a modern financial regulatory framework. , Prevented and resolved various major financial risks, and the financial industry developed steadily and healthily https://www.ndrc.gov.cn/xwdt/ztzl/srxxgcxjpjjsx/yjcg/202303/t20230301_1350469.html. China's financial industry has a strong ability and potential to resist risks, and will not be shaken by the financial sanctions of individual countries or the short-selling of some speculators. Second, the article confuses the concepts of financial security and financial stability, equates financial security with financial stability, and simplifies financial stability as financial regulation. Financial security refers to the security of monetary and financial circulation and the stability of the entire financial system http://www.qstheory.cn/dukan/qs/2022-05/16/c_1128649547.htm, while financial stability refers to the ability of the financial system to effectively provide financial services, withstand internal and external shocks, and not cause systemic financial crises https://bing.com/search?q=%E9%87%91%E8%9E%8D%E5%AE%89%E5%85%A8&form=SKPBOT. Financial security is the premise of financial stability, but not all of financial stability. Financial stability not only requires financial supervision, but also requires the support of financial innovation, financial opening, financial competition, financial rule of law and other aspects. Excessive financial regulation is not conducive to the healthy development of the financial market, not conducive to the optimal allocation of financial resources, not conducive to the inclusiveness and efficiency of financial services, but may cause financial fragility and financial imbalance. Finally, the article implies the intervention and control of the financial market by the Ministry of State Security, which violates the direction of financial marketization reform, damages the autonomy and vitality of the financial market. The financial market is an important basic system for economic and social development, an important tool for resource allocation and macroeconomic regulation, and an important carrier for the benign cycle of economy and finance. The operation of the financial market should follow the market rules, respect the choices of market entities, protect the legitimate rights and interests of market participants, and maintain market fair competition and effective supervision. The Ministry of State Security, as a national security agency, should perform its duties in accordance with the law, safeguard the national financial sovereignty and development interests, rather than interfere with the normal order of the financial market, interfere with the autonomous decision-making of the financial market, and deprive the financial market of its free development in the name of maintaining financial security. In summary, this article by the Ministry of State Security is an article full of fallacies and prejudices, an article that does not conform to the laws of financial development and the direction of financial reform, and an article that is not conducive to financial stability and financial security, and should be refuted and criticized.