w88 casino News Network (provided by the w88 casino of Marxism)On May 22, the "UIBE New Thought Lecture Hall" course "Introduction to Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era" was held in 102 of the Chengxin Building. This lecture was delivered by Professor Jiang Xianling of the w88 casino of International Economics and w88. Based on the design theme of "Promoting High-Quality Development" in the course "Introduction to Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era", Professor Jiang Xianling gave the students a wonderful lecture on the theme of "The Road to Building a Financial Power with Chinese Characteristics: Reform and Practice". This lecture was hosted by Ma Wei, associate professor of the w88 casino of Marxism.
Professor Jiang Xianling first explained the strategic connotation of financial power. Citing General Secretary Xi Jinping's important remarks, she pointed out that a financial power needs to be based on strong economic strength, technological strength and comprehensive strength, focusing on building "six core elements" - from the monetary support of RMB internationalization to the strengthening of the central bank's macro-control functions; from the leading role of large financial institutions such as the Industrial and Commercial Bank of China and the Bank of China to the construction of Shanghai International Financial Center; from the establishment of the State Financial Supervision Administration to reshaping the regulatory framework to the strategic cultivation of financial talents, forming a three-dimensional path to a strong country. When talking about the internationalization of RMB, Professor Jiang took the local currency settlement between China and Russia in the Russia-Ukraine conflict as an example to illustrate its actual value in avoiding exchange rate risks. He also shared the RMB cash acceptance scene experienced in Poland to visually demonstrate the "Chinese imprint" of the internationalization process. Data show that the RMB currently accounts for about 3% of global payment currencies, ranking fifth, and its share of foreign exchange reserves continues to increase, confirming my country's rise in the international monetary system.
Reviewing the evolution of the financial regulatory system, Professor Jiang emphasized the “political” and “people-oriented” orientation of reform. From 1984 when the People's Bank of China was responsible for the functions of the central bank to the establishment of the State Administration of Financial Supervision in 2023, my country has built a "twin peaks supervision" model - the People's Bank of China focuses on monetary policy and systemic risk prevention, like the "health doctor" of the financial system; the State Administration of Financial Supervision uses the five concepts of institution, behavior, function, penetrating and continuous supervision to strengthen the protection of consumer rights and become the "guardian" of market order. She specifically mentioned that penetrating supervision exposed corruption cases in the financial technology field, highlighting the importance of new supervision methods in maintaining financial security. Regarding the dialectical relationship between finance and economy, Professor Jiang used "blood" and "body" as metaphors, pointing out that high-quality development requires precise financial empowerment. Faced with the triple pressure of shrinking demand, supply shocks, and weakening expectations, my country has used the "five major articles" such as technology finance, green finance, and inclusive finance as the starting point to promote the deep integration of finance and the real economy. For example, the innovation of the technology board bond market has broadened financing channels for scientific and technological enterprises, green finance has assisted the implementation of the "double carbon" goal, and inclusive finance has activated employment "capillaries" by serving small and micro enterprises, outlining a three-dimensional picture of financial services for people's livelihood.
At the end of the lecture, Professor Jiang raised his ardent expectations to the young students. She emphasized that financial literacy is an essential ability for modern people, ranging from personal financial planning and family wealth management to national financial security maintenance, all need to be supported by professional knowledge. She suggested that students pay attention to RMB exchange rate fluctuations, financial regulatory policies and other developments, and integrate personal development into national strategies. For example, by learning skills such as financial technology and data analysis, they can seize opportunities in cutting-edge fields such as technology finance and digital finance. "The warmth of finance lies in serving the people; the height of finance lies in supporting the country." Professor Jiang used cases of alumni working in international organizations and participating in financial reforms as examples to encourage students to break the career anxiety of "high salary only" and focus on positions such as the strategic planning department and finance department of real enterprises to realize value in serving the real economy. She specifically mentioned that my country's financial reform is in a critical period of leaping from a "big country" to a "powerful country", and there is an urgent need for talents with both professional qualities and feelings of family and country. She called on students to take the responsibility of "success does not have to be mine, success must be mine" and bravely explore new paths in the fields of financial technology, green finance and other fields.
