"Five major articles" to become a w88 mobile power
(Source: "Study Times" Page 05)
Wang Tianyi
"Providing high-quality w88 mobile services for economic and social development" is part of General Secretary Xi Jinping's speech at the Central w88 mobile Work Conference on October 30, 2023, and is included in the first volume of "Selected Important Documents Since the 20th National Congress". This important document profoundly explains the goals and directions for optimizing w88 mobile services, proposes "five major articles" on how to do a good job in finance, and provides important guidelines and action guidelines for supporting the construction of a powerful country and the great cause of national rejuvenation with high-quality w88 mobile development.
Building a w88 mobile power is the call of the times and a historical necessity
Since the 18th National Congress of the Communist Party of China, under the centralized and unified leadership of the Party Central Committee, China’s economy has grown into a veritable economic power after years of sustained and rapid development. Among them, the w88 mobile system has strongly supported the overall economic and social development.我国拥有全球最大的银行体系，第二大保险、股票和债券市场，普惠金融走在世界前列；沪港通、深港通等互联互通机制，增强了中国资本市场的国际竞争力；设立科创板并试点注册制，为科技创新企业提供了更便捷的Financing channels; the market-oriented reform of interest rates has been completed, allowing the market to play a decisive role in the formation of interest rates and improving the efficiency of capital allocation; the RMB exchange rate formation mechanism has become more market-oriented, and joining the International Monetary Fund's Special Drawing Rights (SDR) currency basket has enhanced the international status of the RMB. The achievement of these w88 mobile achievements has not only promoted the stable growth of China's economy, but also made important contributions to the stability and development of the global w88 mobile market.
Throughout world history, if you want to develop from a world economic power to a world economic power, building a w88 mobile power is a necessary condition. 2023年10月召开的中央金融工作会议是我国金融发展史上具有里程碑意义的重要会议，进一步提高了金融的战略定位，明确了“金融是国民经济的血脉，是国家核心竞争力的重要组成部分”，指出“要加快建设金融强国”，“坚定不移走中国特色金融发展之路，推动我国金融高质量发展，为以中国式现代化全面推进强国建设、民族复兴伟业提供有力支撑”。从优化货币金融环境到做好“五篇大文章”，从构建现代金融体系到强化金融基础设施，从制度型开放增强国际竞争力到加强治理确保金融安全，习近平总书记擘画了为经济社会发展提供高质量金融服务的宏伟蓝图。以金融高质量发展助力强国建设和民族复兴伟业，是在经济领域维护国家安全的战略需要，是推动我国经济高质量发展的必然要求，也是中国实现长期经济发展目标的必然选择。
Provide high-quality w88 mobile services and do "five major articles"
"Providing high-quality w88 mobile services" is the proper meaning of high-quality w88 mobile development. General Secretary Xi Jinping emphasized that "the w88 mobile system must focus on five major articles: technology finance, green finance, inclusive finance, pension finance, and digital finance" and scientifically elaborated on its connotations.
The core of future international competition will be competition in the field of science and technology. Technological innovation is the core driving force for economic and social development and enhancement of international competitiveness, and "technological finance" also ranks first among the "five major articles". Technological finance requires the effective combination of technological innovation and w88 mobile capital. At present, my country's w88 mobile system is dominated by banks, and the development of other w88 mobile institutions is relatively lagging behind. This is a structural dilemma faced by the development of science and technology finance. General Secretary Xi Jinping pointed out that it is necessary to "face difficulties and focus on key points." Coordinate the use of equity, debt, insurance and other means to provide full-chain, full-life-cycle w88 mobile services for technology companies.
“Lucid waters and lush mountains are invaluable assets.” In order to support economic activities that improve the environment, respond to climate change, and conserve and utilize resources efficiently, we should focus on “green finance” and “seize the momentum, establish first, and then break.” General Secretary Xi Jinping pointed out that it is necessary to improve green finance policies, standards and product systems, and at the same time "strongly support the research and development, investment, promotion and application of clean energy" to form strong support to ensure national energy security and help achieve the "double carbon" goal.
Finance serves the real economy, but also the people. The concept of "inclusive finance" is a reflection of the people's nature of finance, which should "provide help in times of need and serve people's livelihood." This is specifically reflected in the continuous improvement of financing support for small, medium and micro enterprises and private enterprises, so that farmers, urban low-income groups, disabled people, the elderly and other special groups can enjoy w88 mobile products that are both safe, profitable and liquid, so that w88 mobile services can cover the widest range of w88 mobile consumer groups.
In order to meet the challenges of aging, “pension finance” is essential. General Secretary Xi Jinping emphasized the need to "improve the system and enhance welfare" and increase fiscal, taxation and w88 mobile policy support for the health industry, the elderly care industry, and the silver economy. At the same time, in order to meet the increasingly diversified elderly care needs of the people, it is necessary to enrich the supply of pension w88 mobile products in a targeted manner and actively develop the third pillar of pension insurance.
In the era of digital economy, various industries are accelerating digital transformation, and "digital finance" must "seize opportunities and pay attention to security." “把握机遇”指传统金融机构要把握住数字化转型的机会，降低金融服务成本、减少信息不对称，提高金融服务便利性和竞争力。 “重视安全”指在金融服务和监管中广泛应用金融科技，增强金融风险管理能力，提高数字化监管能力和金融消费者保护能力，全面提升金融服务实体经济的质效。
The "five major articles" of technology finance, green finance, inclusive finance, pension finance, and digital finance clarify the five key areas for coordinating and promoting high-quality w88 mobile development. They also point out the direction for building a complete w88 mobile service system covering all aspects of economic and social development.
The focus of continuous optimization of w88 mobile services
First of all, efforts should be made to create a good monetary and w88 mobile environment. Stable currency is an important foundation for good w88 mobile work. General Secretary Xi Jinping emphasized that “money and credit must shift from extensional expansion to connotation development, with the total amount remaining reasonable and sufficient, and the structure increasing and decreasing.” In terms of total amount, the money supply and social financing scale are required to basically match the nominal economic growth rate, and focus on cross-cyclical and counter-cyclical adjustments. In terms of structure, General Secretary Xi Jinping put forward the idea of paying equal attention to "addition" and "subtraction". "Addition" focuses on major strategies, key areas and weak links, and uses more w88 mobile resources to support innovation-driven development strategies, regional coordinated development strategies, and ensure national food and energy security. "Reducing" can be summarized as "reducing and improving quality". "Reducing" focuses on tight allocation of w88 mobile resources in specific areas and strictly controlling the increase of local debt. "Improving" focuses on promoting the liquidation of "zombie enterprises" and improving the efficiency of capital use.
Secondly, efforts should be made to build modern w88 mobile institutions and market systems. my country's w88 mobile system is generally "big but not strong". "Big" means that my country ranks first in the world in terms of bank volume and foreign exchange reserves, is second in the world in terms of bond and stock market size, and ranks among the best in terms of insurance scale. "Not strong" means that we still have shortcomings in capital allocation, financing structure, financing efficiency, etc. One bank dominates the market, the development of other w88 mobile forms such as capital markets lags behind, we focus on short-term returns, and we lack long-term patient capital. On the one hand, we must better leverage the pivotal function of the capital market that drives the whole system and speed up the construction of the capital market. We will deepen and implement the registration system that has been implemented and build a safe, standardized, transparent, open, dynamic and resilient capital market. At the same time, we will develop diversified equity financing, investment-side institutional supply, cultivate first-class investment institutions, etc., and optimize the proportion of direct and indirect financing, equity and debt financing. On the other hand, improve the institutional positioning. Large state-owned w88 mobile institutions must be the main force in serving the real economy and the ballast stone for stable finance; prevent the disorderly expansion of small and medium-sized w88 mobile institutions, and focus on reducing volume and improving quality, specialized operations, and differentiated supervision; policy w88 mobile institutions must focus on serving the national strategy and focus on businesses that commercial institutions cannot or cannot do well; the insurance industry should play its role as an economic shock absorber and social stabilizer, develop commercial pension insurance, health insurance, technology insurance, green insurance, and agricultural insurance, and make efforts in various types of protection, especially in the construction of the national catastrophe insurance protection system.
There is no rule without rules. General Secretary Xi Jinping also particularly emphasized the importance of "strengthening market rules" and "improving corporate governance." It is necessary to create a w88 mobile market with unified rules and coordinated supervision, and an independent, controllable, safe and efficient w88 mobile infrastructure; improve the modern w88 mobile enterprise system with Chinese characteristics, deepen the organic integration of party building and corporate governance, strengthen internal management and risk control; improve state-owned w88 mobile capital management, expand bank capital supplement channels, and isolate industrial and w88 mobile risks.
Finally, efforts should be made to promote high-level financial opening up. Finance is naturally a globalized field. We must attach equal importance to "bringing in" and "going out", steadily expand the institutional opening up of the financial sector, improve the facilitation of cross-border investment and financing, increase financial support for the joint construction of the "Belt and Road", enhance the international hub status of my country's industrial and supply chains, and increase the international influence of the RMB. Through "institutional openness", we can integrate with the world in an orderly manner at the institutional level, enhance my country's voice in the formulation of major international financial rules and standards during the integration process, and build a fairer and more reasonable international financial order. Compared with the progress of "factor-based openness" in the w88 field, the development of "system-based openness" will provide a strong guarantee for China's transformation from a financial power to a financial power. At the same time, we insist on coordinating financial openness and security to ensure that our country's financial management capabilities match the level of openness.
