Source: China News Agency

The Central Financial Work Conference was held in Beijing from October 30th to 31st.This heavy meeting related to the development of China's financial industry analyzes the situation facing the high -quality development of finance, and deploys financial work in the current and future periods.A number of experts said in an interview with China News Agency that through the analysis of the focus of the meeting, the three signals released by the meeting can be understood.

First, be a high -quality "promoter"

The meeting pointed out that it is necessary to promote the high -quality development of China's finance.High -quality development is the primary task of comprehensively building a socialist modern country. Finance must provide high -quality services for economic and social development.The specific content related to it covers all aspects of monetary policy, the real economy, the capital market, and the high level of financial opening.

Cheng Shi, chief economist of ICBC International, believes that under the new situation of coexisting challenges and opportunities, this meeting emphasizes that "finance is the blood of the national economy, an important part of the core competitiveness of the country", and financeReturning to its origin, reform and innovation, and opening up to the outside world is an important support for the high quality of the real economy.Tie ironing needs to be self -hardened. Finance's strong support for the economy is inseparable from the steady development of finance itself.

He believes that we must keep up to innovation and do a good job of five major articles on science and technology finance, green finance, inclusive finance, pension finance, and digital finance to help Chinese -style modernization.

For the monetary policy, Pang Ye, the chief economist and director of the research department of Greater China, believes that from the perspective of the content of the meeting, there is still room for loose and reasonable growth in the total number of currencies and the total social financing.The cost of financing costs and personal consumer credit also has room for steady decline. Structural, policy, developmental financial development tools, and high -quality development space for high -quality development. It is expected that monetary policy will maintain targeted and accurate efforts., Continue.

The second is to take the risk prevention "task book"

Focusing on the ability of hidden dangers of economic and financial risks and financial supervision and governance capabilities, the meeting emphasized that we must comprehensively strengthen financial supervision and effectively prevent and resolve financial risks.

Liu Jing, chief economist of HSBC Global Research Greater China, said that the change of economic structure and the emergence of financial innovation have affected the efficiency of financial resource allocation to a certain extent, causing the problem of funds to be out of virtuality and regulatory arbitrage.The meeting laid the foundation for future agile and efficient financial supervision, making the development of the financial industry more in line with the needs of the transformation of the real economy and promoting the healthy development of the entire financial system.

To see, this meeting focuses on focusing on multiple key risks, such as resolving local government debt problems, resolving real estate risks, strengthening foreign exchange market management, and disposing of risks of small and medium -sized financial institutions.

Wen Bin, chief economist of China Minsheng Bank, believes that in terms of preventing and resolving financial risks, the meeting further put forward specific measures to cooperate with fiscal debt, eliminate the soil formed by hidden debt, and give full play to the positive role of local debtEssence

CITIC Securities Chief Economist pointed out that the meeting mentioned the improvement of macro -prudential management of real estate finance. Since August, with a series of policies, the real estate market has gradually recovered. In the futureIt will become the main development direction of real estate finance.

Third, strengthen the "command stick"

Looking back at history, the "National Financial Work Conference", as the highest -specified meeting in China's financial field, has been held every five years since 1997. The latest national financial work meeting is held in July 2017.

Wen Bin bluntly stated that after six years, the highest standard meeting of the financial sector was held again, and it has been promoted to a Central Financial Work Conference.The meeting proposed: "Strengthening the central government's centralized and unified leadership in financial work is a fundamental guarantee for financial work. It is necessary to improve the system and mechanism of the party's leadership financial work, give full play to the role of the Central Financial Commission, and do a good job of coordination and coordination.Give play to the role of the Central Financial Working Committee and effectively strengthen the party's construction of the party's party. Give full play to the role of the local party committee's financial committee and the financial work committee, and implement the responsibility of territoriality. "

Lian Ping, chairman of the China Chief Economist Forum and vice chairman of the Shanghai Economic Society, said that according to the previous party and state institutional reform plan, in order to strengthen the centralized and unified leadership of the Party Central Committee for financial work, one is to establish the Central Financial CommissionThe second is to form the Central Financial Working Committee.This meeting was also the first time that the Central Financial Works Conference entered the public vision after the establishment of the Central Financial Commission and the Central Financial Work Committee, highlighting the centralized and unified leadership of the Party Central Committee for financial work.