With the view to promoting regional financial development and security and pushing forward with the financial reform, innovation and high-quality development in Nanjing Area, the Mechanism of Nanjing Area for Financial Development and Security Self-discipline (hereinafter referred to as Self-discipline Mechanism) was established on September 17, and more than 40 financial institutions under Nanjing Area’s jurisdiction signed the Self-discipline Convention. The convention will keep on regulating the financial market in Nanjing Area in a deep manner, guide further cooperation, information communication and sharing, monitoring and prevention of regional financial risks in financial institutions under the jurisdiction, and ensure financial security of the Pilot Free Trade Zone to gain experience and produce results in financial reform and innovation featured by more self-discipline bringing about more freedom and more regulation creating more convenience that can be replicated and popularized.

The effective operation of the Self-discipline Mechanism will further improve the financial innovation environment, business environment and ecological environment of Nanjing Area, and effectively promote the common growth and prosperity of Nanjing Area’s economy and finance. In the next step, Nanjing Area will encourage financial institutions to improve the “1+2+N” self-discipline system, abide by state laws, regulations and policies, and advocate professional integrity and fair competition in accordance with the Prudent Operation Principle and the requirements of the Three Don’ts, fulfill due review responsibilities, and regulate business operation to promote sustained and steady development of finance in Nanjing Area.