On February 27th, Wang Weizhong, Governor of Guangdong Province and Director of the Provincial Financial Committee, presided over the second plenary meeting of the Provincial Financial Committee. The meeting will thoroughly study and implement General Secretary Xi Jinping's important remarks on financial work, conscientiously implement the deployment of the National Financial System Work Conference, and study and do a good job in the province's financial work this year in accordance with the specific deployment of the Provincial Party Committee's "1310" and the requirements of the Provincial Party Committee's financial work conference.
The meeting pointed out that last year, all regions and relevant departments in the province resolutely implemented the decisions and deployments of General Secretary Xi Jinping and the Party Central Committee, coordinated the construction of the Party in the financial system, prevented and resolved financial risks, comprehensively strengthened financial supervision, adhered to financial services for the real economy, deepened financial reform and opening up, and continuously achieved new results in promoting the development and stability of financial reform in Guangdong Province.
The meeting emphasized the significant importance of doing a good job in financial work this year. We must closely focus on the main lines of risk prevention, strong supervision, and development promotion, and do a good job in five major areas: technology finance, green finance, inclusive finance, pension finance, and digital finance. We must strengthen the financial supply to major strategies, key areas, and weak links, make every effort to achieve the financial goals and tasks of the whole province this year, solidly promote high-quality financial development, and accelerate the construction of a strong financial province.
The meeting emphasized the need to further leverage the promoting role of finance in investment, consumption, and foreign trade, and to comprehensively use various methods such as bonds and REITs to support the "dual" construction, better meet the needs of project financing, focus on the "two new" work and the special action to boost consumption, support financial institutions to launch more products and services that benefit the people, increase financial support for new forms of foreign trade, and improve the convenience level of cross-border investment and financing. To develop venture capital, strengthen patient capital, optimize the operation and management of provincial government investment funds, guide more venture capital institutions to invest in early, small, and hard technology, accelerate the development of technology insurance, incubate and cultivate more gazelle enterprises, specialized and new enterprises, unicorn enterprises, and effectively support technological innovation and the construction of a modern industrial system. We need to increase financing support for the private economy, leverage the mechanism for coordinating financing for small and micro enterprises, strengthen government bank enterprise cooperation, promote financial institutions to provide more low-cost, long-term credit funds, guide credit funds with appropriate interest rates to quickly and conveniently reach grassroots levels, and make great efforts to solve the problem of difficult and expensive financing for private enterprises. We must comprehensively strengthen financial supervision with a strict tone, strictly implement the regulatory requirements of "managing industries must manage risks" and "managing legality must also manage illegality", legally include all financial activities in supervision, comprehensively strengthen institutional supervision, behavioral supervision, functional supervision, penetrating supervision, and continuous supervision, effectively prevent and resolve risks in key areas such as real estate, local government debt, and small and medium-sized financial institutions, continue to crack down on illegal financial activities, and firmly hold the bottom line of preventing systemic financial risks. To deepen the reform and opening up of the financial sector, relying on major cooperation platforms such as Hengqin, Qianhai, Nansha, and Hetao, we will promote the mutual establishment of financial institutions, interoperability of financial products, and two-way expansion of investment and financing channels in Guangdong, Hong Kong, and Macao, optimize the "Cross border Wealth Management Connect" mechanism and cross-border insurance after-sales services, promote the landing of a number of headquarters type and functional foreign-funded financial institutions, and accelerate the construction of an international financial hub in the Guangdong Hong Kong Macao Greater Bay Area.
Zhang Hu, member of the Standing Committee of the Provincial Party Committee and Executive Vice Governor, attended the meeting.