Current review: Accelerating the construction of a strong financial country is an inevitable choice for development

2023-11-07

The meeting proposed to accelerate the construction of a financial powerhouse and elevate financial work to a higher strategic height. This is a precise positioning made through profound analysis of China's current development stage and an inevitable choice based on the "two overall situations". We need to deeply grasp the importance and necessity of accelerating the construction of a financial powerhouse. Finance is the core of modern economy, and throughout world history, the rise of major powers cannot be separated from the strong support of finance. At the same time, China's financial system is still in a stage of "large but not strong". From a domestic perspective, compared to the demand for high-quality economic development, China's multi-level financial system is not yet well-developed, financial products are not rich enough, the breadth and depth of the financial market need to be further expanded, and the ability of financial services to the real economy needs to be improved; From an international perspective, the global competitiveness and discourse power of China's financial industry still cannot keep up with China's requirements as the world's second largest economy, and further improvement is needed. Accelerate the construction of a financial powerhouse, and finance should provide high-quality services for economic and social development. Currently, China is embarking on a new journey of comprehensively building a socialist modernized country. Whether it is solving the problem of imbalanced and insufficient development, building a modern industrial system, and continuously improving the quality of life of the people, high-quality financial development is needed as strong support. We must implement the "three focuses" proposed by the Central Financial Work Conference, focus on creating a good monetary and financial environment, focus on building modern financial institutions and market systems, and promote high-level financial openness. We should take serving the real economy as the foundation of our business, anchor the requirements for high-quality economic development, and do a good job in five major articles: technology finance, green finance, inclusive finance, elderly care finance, and digital finance. We should provide higher quality, more efficient, and safer financial services for the development of the real economy, and let high-quality financial development solidify the foundation and add vitality to China's economic and social development. To accelerate the construction of a financial powerhouse, safety should be given a more important position. Financial security is an important component of national security. At present, there are still many economic and financial risks and hidden dangers in China. It is necessary to prevent domestic financial risks and hidden dangers such as small and medium-sized financial institutions, real estate, and local bonds, as well as pay attention to the changes in the financial risk situation in the current external environment, and prevent the impact of international financial risks on China's economy. To effectively improve the effectiveness of financial regulation, all financial activities should be included in regulation in accordance with the law, eliminate regulatory gaps and blind spots, and continuously enhance the security of financial development through scientific, effective, and powerful financial regulation, thereby enhancing the level of national security. Financial activity, economic activity; Financial stability and economic stability. Accelerating the construction of a financial powerhouse is a long and arduous task.

Edit:Hou Wenzhe    Responsible editor:WeiZe

Source:XinhuaNet

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