Thailand Security and Exchange Commission (SEC) has issued a warning in the state regarding the risks associated with DeFi transactions. The SEC says it is highly-likely that DeFi’s ecosystem, especially debit-taking and lending firms, doesn’t include necessary parameters in their mechanisms for ensuring the prevention of overleveraged collateral and rug-pull.

China has preliminarily established the basic framework of a fund for ensuring financial stability and raised 64.6 billion yuan ($9.55 billion) in the first round of funding

Banks are asked to fulfill their obligations in a market-oriented and law-abiding manner as well as to assume their social responsibilities to push for home deliveries.

Even if risks arise, they can be effectively controlled

China's banking sector has been accelerating steps of NPA disposal in recent years. It handled 3.13 trillion yuan ($464.71 billion) of NPAs last year

more efforts are needed to combat rising cyberattack risks that target critical information infrastructure and supply chains

Cross-border renminbi settlements should also take a bigger share in business formats like cross-border e-commerce and procurement

Chinese authorities have decided to help foreign trade enterprises fend off foreign exchange rate risks amid a volatile international financial market situation.

Foreign banks in Shanghai have been providing strong support for small businesses to ensure industrial and supply chain stability and help companies hedge against risks during the latest COVID-19 outbreak in the financial hub.

China will promote the reform of small rural commercial banks with the aim to prevent risks and enhance their capability in serving real economy

China's banks and insurance institutions, which are fairly resilient to risks, intend to step up support to virus-hit sectors

Default risks exist, but should be deemed differently