The report of the State Council on financial work was recently submitted to the 12th Meeting of the Standing Committee of the 14th National People's Congress for deliberation. The report shows that China will increase its financial support for high-quality economic development. The report shows that since October 2023, the financial system has continuously increased its efforts to provide financial services to the real economy, comprehensively strengthened financial supervision, continued to deepen financial reform and opening up, actively and prudently prevented and resolved financial risks, and the overall stability of the financial industry and the smooth operation of the financial market. In terms of financial support for the real economy, since October 2023, RMB loans have increased by 19.02 trillion yuan, and the scale of social financing has increased by 31.9 trillion yuan; A total of 118 companies have been listed on the Shanghai, Shenzhen, and Beijing stock exchanges, raising 80.8 billion yuan in financing; Enterprise and government bonds added 12.4 trillion yuan in financing. The report shows that since late September this year, the financial system has implemented significant reserve requirement ratio cuts, substantial interest rate cuts, and optimized and adjusted real estate financial policies in accordance with the deployment of the Party Central Committee. Establish two tools, namely, securities, fund, and insurance company swap facilities and special refinancing loans for stock repurchase and increase holdings, to encourage long-term capital to enter the market and support the stable development of the stock market. The market response is positive and positive, and social expectations have significantly improved. The report points out that the next step will be to continuously improve the quality and efficiency of financial services and increase financial support for high-quality economic development. Focusing on doing a good job in the five major articles of finance, we will encourage and guide financial institutions to optimize their credit structure. Strengthen financial support for new quality productivity and improve the mechanism of "fundraising, investment, management, and exit" for venture capital. Strengthen patient capital, guide financial capital to invest early, small, long-term, hard technology, etc. The report points out that efforts will be made to increase the countercyclical adjustment of monetary policy, creating a favorable monetary and financial environment for stable economic growth and high-quality development. Adhere to a supportive monetary policy stance, increase the intensity of monetary policy regulation, improve the precision of monetary policy regulation, effectively implement stock policies, and strengthen the implementation and effectiveness of incremental policies. Maintain reasonable and sufficient liquidity, and reduce financing costs for enterprises and residents. Continue to implement structural monetary policy tools and strengthen support for major strategies, key areas, and weak links. According to the report, China will comprehensively strengthen financial regulation and effectively improve regulatory effectiveness. Continuously deepen financial reform and opening up, and accelerate the construction of a modern financial system with Chinese characteristics. Actively and prudently prevent and resolve financial risks, and make every effort to maintain the overall stability of the financial system. (New Society)