The critical battles against financial risks have been a major support for financial stability and financial security，and have been one of the basic guarantees of building a moderately prosperous society. Substantial breakthroughs have been made in the three-year battle against financial risks. The threat of systemic financial risks has been greatly reduced，the ability of the financial sector to serve the real economy has been improved，significant progress has been made in addressing risks in key areas and links，and a long-term mechanism has been put in place to prevent and control major financial risks. The substantive breakthrough in the battle against financial risks benefited from the comprehensive support of the party’s leadership over financial work，effective resolution of systemic financial risks，innovative implementation of the two-pillar policy framework，special rectification of major risks and financial supply-side structural reform. Under the new development pattern，we should thoroughly review the experience and inspiration of the battle against financial risks，prevent and control the “backlash” of existing risks on a regular basis，focus on the risk of spillover effects，innovate in the handling of fintech risks，and properly address risks associated with policies，so as to ensure financial stability and security.