From October 20 to 22, the 2021 Financial Street forum annual meeting was held in Beijing. Focusing on the theme of "economic resilience and financial performance", five parallel forums and 35 topics were intensively exchanged, and special events, special exhibitions, multi sideline meetings and a series of activities were wonderful. Through online and offline means, more than 400 Chinese and foreign guests had in-depth dialogue and collision to discuss financial innovation, development, exchanges and cooperation. At the forum, authoritative analysis such as "the RMB exchange rate will remain basically stable at a reasonable and balanced level" boosted the market and enhanced confidence. In three days, the activities of the annual meeting of the forum were successfully completed and a number of important results were achieved. Support small and micro enterprises and develop Inclusive Finance Since the beginning of this year, China's economy has shown strong resilience in the face of the complex and changeable international situation and the multiple impacts of domestic epidemic and flood disasters. "The socialist market economic system and mechanism is the source and fundamental guarantee of China's economic resilience." Yi Gang, President of the people's Bank of China, believes that China has favorable conditions such as large economic scale, complete economic structure, accelerating technological innovation and releasing reform dividends. He said that at present, there are more than 40 million market entities supported by Pratt & Whitney small and micro loans, which is a prominent highlight of China's economic resilience. Yi Huiman, chairman of China Securities Regulatory Commission, said that accelerating the construction of a multi-level equity market system with complementary functions and organic links to meet the financing needs of enterprises of different types and different development stages is an internal requirement to enhance the adaptability of finance to the real economy. "Financial institutions' contribution to the construction of a manufacturing power is not only the responsibility to adhere to the service entity and return to the origin, but also the inevitable choice to grasp market opportunities and promote the development of self height and quality." Liao Lin, President of industrial and Commercial Bank of China, introduced that in the first half of this year, industrial and Commercial Bank of China became the first bank with a manufacturing loan balance of more than 2 trillion yuan, The industrial chain financing of manufacturing industry has maintained an increase of more than 30% for two consecutive years. Xu Ming, chairman of the national stock transfer company and chairman of the Beijing stock exchange, said that the Beijing stock exchange will continue to deepen reform and optimize services, build a financial service system covering the whole chain of small and medium-sized enterprises, and explore the "China plan" for the development of Inclusive Finance in the capital market. Financial transformation and innovation to help high-quality development Green and low-carbon, financial technology, Rural Revitalization... At several parallel forums, around finance to help high-quality economic and social development, guests have made suggestions and suggestions. Chen Yulu, vice president of the people's Bank of China, introduced that in 2020, China's clean energy consumption increased by 1 percentage point compared with 2019, which shows that China still adheres to the main tone of green development during the response to the epidemic. So far, China's green loan balance is close to 14 trillion yuan, and the stock of green bonds is close to 1 trillion yuan, both of which are among the highest in the world. Chen Bowen, President of Kaitai Bank of Thailand, said that China has become a global leader in the field of environment-friendly and sustainable development technology. UVI frolic, CO CEO of the German central cooperative bank, believes that China has made great achievements in green and sustainable development. "Financial empowerment has great potential for Rural Revitalization." Xia Gengsheng, deputy director of the National Bureau of rural revitalization, believes that the financial industry can play an important role in consolidating and expanding the achievements in poverty alleviation, enabling rural industrial development, rural construction and rural governance. "Financial technology has become an important driving force for enabling the high-quality development of the capital market." Zhao Zhengping, member of the Party committee and vice chairman of the CSRC, said that based on the new development stage, the CSRC will accelerate the in-depth integration of technology and business, and will cooperate with all parties in the capital market to promote financial technology innovation and digital transformation. "Vigorously developing the financial science and technology industry and promoting the deep integration of scientific and technological innovation and the capital market is the due meaning of Beijing's construction of an international science and technology innovation center, improving the function of the national financial management center and promoting the high-quality development of the capital economy." Yin Yong, member of the Standing Committee of the Beijing Municipal Party committee and vice mayor of Beijing, said that Beijing will actively build a good ecosystem for the development of financial science and technology in the capital market, We will promote relevant work in four aspects: increasing the cultivation of the main body of the financial technology industry, expanding the application scenarios of digital finance, improving the financial technology supervision mechanism and adhering to the bottom line of no financial risk. Further implement the pilot of trade balance facilitation; Continue to carry out the pilot of domestic and foreign currency integrated capital pool of multinational corporations; Accelerate the pilot of digital RMB to achieve full scene coverage; Improve the liberalization and facilitation of cross-border trade and investment in Beijing... On the afternoon of October 22, the 2021 Financial Street Forum held a special event for policy release. The people's Bank of China, the China Banking and Insurance Regulatory Commission, the China Securities Regulatory Commission and the State Administration of foreign exchange issued more than 10 financial support policies to help Beijing's high-quality development. Adhere to the bottom line thinking and do a good job in risk prevention and control Compared with last year, the annual meeting of this forum has specially added topics such as the rule of law in finance, which has been incorporated into the parallel plate of "governance system and financial security". Sun Qian, member of the Party group and Deputy Procurator General of the Supreme People's Procuratorate, said that at present and in the future, procuratorial organs should focus on punishing serious financial crimes and deepen the connection between administrative law enforcement and criminal justice in preventing and resolving major financial risks. "We should pay more attention to the systematicness, integrity and synergy of the construction of financial rule of law, and ensure the healthy and sustainable development of the financial industry with good law and good governance." Liu Jiong, a member of the Party group and vice minister of the Ministry of justice, said that we should deal with the relationship between development and security and keep the bottom line of no systemic financial risk. At present, the Ministry of justice and the people's Bank of China are speeding up the review and formulation of the regulations on the administration of non bank payment institutions to improve the regulatory rules of third-party payment institutions. Cai Huiyong, Secretary of the Party group and President of the Beijing Financial court, believes that the realization of good law and good governance in the financial field requires the cooperation of legislative, law enforcement, judicial and other departments, as well as the collective strategy and strength of scholars engaged in theoretical and practical research on the rule of law in finance, practitioners in the financial industry and all sectors of society. It also needs to strengthen two-way exchanges at home and abroad and actively participate in the construction of a new international financial order. Pan Gongsheng, vice president of the people's Bank of China and director of the State Administration of foreign exchange, said that compared with the previous round of monetary policy tightening cycle of the Federal Reserve, China's economy is in a better cyclical position, and the stable domestic economic fundamentals will be the basic guarantee for China's foreign exchange market to deal with external shocks. "It is expected that China's foreign exchange market will be controllable under the influence of this round of Fed policy shift, China's cross-border capital is expected to continue to flow in two directions, and the RMB exchange rate will remain basically stable at a reasonable and balanced level." (outlook new era)