Building Strong Financial Regulation (New Theory)

2024-02-28

Deepen the reform of the financial system, promote the construction of a financial safety net, continuously improve the ability and level of financial supervision, fully adhere to the bottom line of preventing systemic risks, adhere to bottom line thinking, enhance awareness of risks, focus on building a complete and effective financial supervision system, build a strong financial supervision, and not ignore any risks or hidden dangers. Improving financial supervision is an inherent requirement for promoting the modernization of the national governance system and governance capacity. Since the new era, China has continuously deepened the reform of its financial regulatory system, promoted the unification of regulatory standards and improved regulatory efficiency, while actively participating in international financial regulatory reforms. The continuous improvement of China's financial regulatory system provides a solid guarantee for promoting high-quality financial development. But it is also important to be aware that financial chaos and corruption continue to persist, financial regulation and governance capabilities are weak, and there are still many economic and financial risks and hidden dangers. Facing the future, we must focus on building strong financial regulation to ensure stable financial development through strict and solid supervision. Financial regulation plays an irreplaceable and important role in achieving economic and social development goals, better coordinating development and security, and is of great significance. Strong financial regulation helps to identify, prevent, resolve, and dispose of financial risks, effectively maintaining financial stability and security. Financial regulation is equally indispensable in protecting the rights and interests of financial consumers and investors, and maintaining the confidence of business entities. Complete and effective financial regulation can also help improve the quality and efficiency of financial services for the real economy, promote high-quality economic development, and avoid the economy shifting from reality to illusion. Looking to the future, it is necessary to accelerate the construction of a modern financial system with Chinese characteristics and establish a sound, comprehensive, and effective financial regulatory system. Deepening the reform of the financial system, promoting the construction of a financial safety net, continuously improving the ability and level of financial supervision, and fully guarding the bottom line of preventing systemic risks can provide strong financial support for high-quality economic and social development. Building strong financial regulation requires deepening ideological understanding. For example, to do a good job in financial work, we must adhere to the centralized and unified leadership of the Party Central Committee. Financial supervision is an important component of financial work and must be carried out under the centralized and unified leadership of the Party Central Committee; Adhering to the concept of the rule of law, we must not only improve the transparency and legalization level of financial regulation, but also strictly enforce laws in various aspects such as market access, prudent supervision, and behavioral supervision; To strengthen coordination and cooperation, it is necessary for each region to focus on the overall situation, implement local risk disposal and stability maintenance responsibilities, as well as for financial management departments, macroeconomic regulation departments, industry regulatory departments, judicial authorities, disciplinary inspection and supervision agencies, etc. to strengthen regulatory coordination and establish a risk disposal responsibility mechanism with consistent rights and responsibilities. Financial supervision is a systematic project. Strengthening the leadership of the Party, implementing supervision in accordance with the law, and strengthening regulatory coordination are necessary to form a joint force and effectively prevent and resolve financial risks. One point deployment, nine points implementation. To build a comprehensive and effective financial regulatory system, we should focus on key and difficult points, work hard for a long time, and firmly implement them. To continuously promote the construction of the rule of law in the field of financial supervision and better leverage the law

Edit:Luo yu    Responsible editor:Wang xiao jing

Source:people.cn

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