Continuously create new prospects for financial work in the new era
Commentator of “Qiushi” magazine
“We must accelerate the construction of a financial power, comprehensively strengthen financial supervision, improve the financial system, optimize financial services, prevent and resolve risks, unswervingly follow the path of financial development with Chinese characteristics, promote high-quality financial development in our country, and comprehensively promote China-style modernization to build a powerful country. We will provide strong support for the great cause of construction and national rejuvenation.”
From October 30 to 31, the Central Financial Work Conference was held in Beijing. General Secretary Xi Jinping attended the meeting and delivered an important speech, summarizing financial work since the 18th National Congress of the Communist Party of China, analyzing the situation facing high-quality financial development, and deploying financial work for the current and future periods. The General Secretary’s important speech is high-level, profound in thought and rich in connotation. It scientifically answers a series of major theoretical and practical issues in the development of the financial industry. It is an important part of Xi Jinping’s economic thought and an important innovation of Marxist political economics on financial issues. The results provide fundamental compliance and action guidelines for promoting high-quality financial development in the new era and new journey.
Finance is the blood of the national economy and an important part of the country’s core competitiveness. Since the 18th National Congress of the Communist Party of China, under the strong leadership of the Party Central Committee with Comrade Xi Jinping as the core, the financial system has strongly supported the overall economic and social development, resolutely fought the battle to prevent and resolve major risks, and worked hard to build a moderately prosperous society in an all-round way as scheduled and achieve the first centenary goal. made important contributions to the goal. China already has the world’s largest banking system and the world’s second largest insurance, stock, and bond markets. The scale of foreign exchange reserves ranks first in the world. Inclusive finance is at the forefront of the world. The reform of the registration system for stock issuance has been fully implemented. The business scope of foreign financial institutions The comprehensive strength of China’s financial industry has been significantly enhanced, the role of finance in serving the real economy has been continuously enhanced, important results have been achieved in preventing and defusing financial risks, and financial reform and opening up have been further advanced. The fundamental reason for these achievements lies in the leadership and helm of General Secretary Xi Jinping and the scientific guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era.
The flag guides the direction, and the thought gathers strength. In the practice of leading financial work, the Party Central Committee with Comrade Xi Jinping as the core combines Marxist financial theory with the specific reality of contemporary China and with the excellent traditional Chinese culture, strives to grasp the laws of financial development in the new era, and continues to promote China’s financial undertakings Practical innovation, theoretical innovation, institutional innovation, striving to open up a path for financial development with Chinese characteristics, emphasizing the need to adhere to the centralized and unified leadership of the Party Central Committee on financial work, adhere to the people-centered value orientation, and adhere to the fundamental purpose of financial services to the real economy, We should insist on taking risk prevention and control as the eternal theme of financial work, insist on promoting the development of financial innovation on the track of marketization and rule of law, insist on deepening the structural reform of the financial supply side, insist on coordinating financial openness and security, and adhere to the general tone of the work of seeking progress while maintaining stability. The development path of finance with Chinese characteristics not only follows the objective laws of modern financial development, but also has distinctive characteristics suitable for China’s national conditions. It clarifies how to look at and do financial work. It has both a world view and a methodology, forming a dialectical and unified organic whole. .
Currently, the world is undergoing major changes unprecedented in a century, and the great rejuvenation of the Chinese nation has entered a critical period. Finance is related to the overall situation of China’s modernization drive. To do a good job in financial work, we must uphold and strengthen the party’s overall leadership, be guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, fully implement the spirit of the 20th National Congress of the Communist Party of China, completely, accurately and comprehensively implement the new development concept, and deeply grasp the politics of financial work. nature and people’s nature, with the goal of accelerating the construction of a financial power, with the theme of promoting high-quality financial development, with the deepening of financial supply-side structural reform as the main line, with the purity, professionalism, and combat effectiveness of the financial team as important support, and with the comprehensive We should focus on strengthening supervision, preventing and defusing risks, adhere to the general tone of the work of seeking progress while maintaining stability, coordinate development and security, firmly adhere to the bottom line of no systemic financial risks, unswervingly follow the path of financial development with Chinese characteristics, and accelerate the construction of Chinese characteristics The modern financial system continues to meet the economic and social development and the people’s growing financial needs, and constantly creates new situations in financial work in the new era.
Provide high-quality financial services for economic and social development. If finance is active, the economy is active; if finance is stable, the economy is stable. Serving the real economy is the bounden duty of finance and the fundamental purpose of finance. To provide high-quality financial services for economic and social development, we must work hard on the “three focuses”: strive to create a good monetary and financial environment, effectively strengthen high-quality financial services for major strategies, key areas and weak links; strive to build modern financial institutions and market system to unblock the channels for funds to enter the real economy; strive to promote high-level financial opening up and ensure national financial and economic security. The “Three Focus” anchors the goal of accelerating the construction of a financial power, points out the path to promote high-quality financial development, clearly proposes to maintain the stability of monetary policy, optimize the capital supply structure, and do a good job in technology finance, green finance, inclusive finance, and elderly care. Five major articles on finance and digital finance, creating a financial market with unified rules and coordinated supervision, and steadily expanding the institutional opening up of the financial field and a series of measures. These measures will surely further enhance the ability of finance to support the development of the real economy and support high-quality development with high-quality financial services.
Comprehensively strengthen financial supervision and effectively prevent and resolve financial risks. Preventing and resolving financial risks is the fundamental task of financial work and also the eternal theme of financial work. At present, there are still many hidden economic and financial risks, and financial supervision and governance capabilities are weak. The Party Central Committee continues to improve the financial supervision system and promotes a new round of reform of financial supervision institutions, providing institutional and mechanism guarantees for comprehensively strengthening financial supervision and effectively preventing and defusing financial risks. The Central Financial Work Conference made a series of new arrangements to prevent and resolve financial risks. For example, all financial activities should be brought under supervision in accordance with the law, risks of small and medium-sized financial institutions should be dealt with in a timely manner, long-term mechanisms should be established to prevent and resolve local debt risks, the real estate enterprise entity supervision system and capital supervision should be improved, financial market issuance and trading activities should be standardized, and rights and interests should be properly grasped. The relationship between responsibility, speed and stability, improving the early correction mechanism of financial risks with hard constraints, etc. These measures respond to hot social issues, release signals of strong supervision and strict supervision, and will certainly effectively improve supervision capabilities and effectiveness. The financial system must take institutional reform as an opportunity to strive to build a financial regulatory system that is complete, scientific, standardized, and efficient, and firmly maintains the bottom line of preventing systemic financial risks.
Strengthen the centralized and unified leadership of the Party Central Committee over financial work. The leadership of the Communist Party of China is the greatest advantage of the socialist system with Chinese characteristics. Strengthening the centralized and unified leadership of the Party Central Committee on financial work is the fundamental guarantee for doing a good job in financial work. Strengthening the party’s overall leadership over financial work and strengthening the system theory and overall view in financial management work will help transform our political and institutional advantages into financial governance effectiveness. It is necessary to improve the system and mechanism of the party’s leadership in financial work, give full play to the role of the Central Financial Commission, and do a good job in overall coordination and control. Give full play to the role of the Central Financial Working Committee and effectively strengthen party building in the financial system. Give full play to the role of the financial committee and financial working committee of the local party committee and implement local responsibilities. It is necessary to forge a team of high-quality professional financial cadres who are loyal, clean and responsible, vigorously promote the excellent traditional Chinese culture in the financial system, strengthen the construction of financial rule of law, and provide talent support, cultural nourishment and legal guarantee for the development of the financial industry.
No matter what happens is difficult, be brave enough to do it. On the new journey, the task of accelerating the construction of a financial power and promoting high-quality financial development is very arduous. We must further unify our thoughts and actions with the spirit of General Secretary Xi Jinping’s important speeches and the decisions and arrangements of the Party Central Committee, unswervingly follow the path of financial development with Chinese characteristics, and use high-quality financial development to contribute to the construction of a powerful country and the great cause of national rejuvenation.
2023-11-15 09:32:00
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