Finance is the core of modern economy. The quality and efficiency of financial support for the real economy have significantly improved. Finance is the lifeblood of the real economy, and serving the real economy is the bounden duty of finance. Since the 18th National Congress of the Communist Party of China, the financial sector in China has deepened its understanding of the essence and laws of finance, taking serving the real economy as the foundation of the financial industry, and the quality and efficiency of financial services to the real economy have continuously improved. The virtuous cycle between finance and the real economy is gradually forming - with the world's largest banking system, the second largest insurance, stock, and bond markets, and inclusive finance leading the world. China's financial system provides strong support for the long-term stable and healthy development of the economy and society. According to data from the People's Bank of China, the balance of RMB loans issued to the real economy has increased from 81.43 trillion yuan in 2014 to over 230 trillion yuan in September 2023, with an average annual growth rate of over 10%, which is basically in line with the nominal GDP growth rate. Direct financing channels are also constantly being opened up. From less than 30 trillion yuan in 2012 to more than 150 trillion yuan of custody balance today, China's bond market continues to grow. Among the over 5200 A-share listed companies, nearly 2900 are listed in strategic emerging industries, empowering high-quality development of the real economy, "said Sun Nianrui, Vice President of the China Association of Listed Companies. Financial services in key areas and weak links have been continuously strengthened. In recent years, the financial sector has continuously increased its support for manufacturing, technological innovation, small and micro enterprises, rural revitalization, green development, and other fields, promoting the tilt of financial resources towards key areas and weak links. According to data from the financial management department, as of the end of September this year, the balance of inclusive small and micro loans reached 28.74 trillion yuan, with an average annual growth rate of about 25% in the past five years; The balance of green loans, manufacturing medium and long-term loans, "specialized, refined, and new" small and medium-sized enterprise loans, and agricultural loans increased by 36.8%, 38.2%, 18.6%, and 15.1% year-on-year, respectively, far higher than the growth rate of various loans. Serving high-quality economic development, adjusting and improving the structural monetary policy tool system, and playing a positive role in stimulating and guiding financial institutions to optimize the allocation of credit resources, "said Zou Lan, Director of the Monetary Policy Department of the People's Bank of China. The financing costs of physical enterprises have been continuously decreasing - in recent years, the formation and transmission mechanism of market-oriented interest rates have become increasingly perfect, the reform of the loan market quoted rate (LPR) has shown significant results, and the efficiency of monetary policy transmission has gradually improved, driving a significant decrease in social financing costs. The weighted average interest rate for new loans issued by Chinese enterprises in September was 3.85%, 14 basis points lower than the same period last year and at a historical low. Effective prevention and resolution of financial risks Financial security is the key to national security