Xinhua News Agency, Beijing, November 5th -- Title: Accelerating the Development of a Strong Financial Country to Provide Strong Support for Chinese-style Modernization -- An Interview with Wang Jiang, Deputy Director and Deputy Secretary in Charge o

Finance is a critical aspect of China's grand narrative, playing a crucial role in the overall picture of China's modernization. The 20th Plenary Session of the 4th Central Committee has specifically made important arrangements for accelerating the d

How to understand the significance of this deployment? What are the main tasks and important measures to accelerate the construction of a strong financial nation? Xinhua News Agency interviewed Wang Jiang, the deputy director in charge of daily work

Deeply understanding the significance of accelerating the construction of a financial power

Can you explain the significance of making strategic deployment for accelerating the construction of a financial power during the "15th Five-Year Plan" period?

Since the 14th Five-Year Plan, especially after the Central Financial Work Conference, the financial system has earnestly implemented the decisions and deployments of the Party Central Committee, solidly promoted various tasks, comprehensively streng

General Secretary Xi Jinping clearly put forward the grand goal of accelerating the construction of a financial power for the first time at the Central Financial Work Conference in October 2023. In January 2024, he also discussed the financial power

It is an inevitable requirement to accelerate the construction of a financial power in building a comprehensive socialist modernization power. A modern powerful nation is bound to be a financial power, and the construction of a socialist modernizatio

Accelerating the construction of a financial power is an inevitable requirement for promoting high-quality development. To successfully achieve the key strategic tasks of the 15th Five-Year Plan, finance must further increase its support for major st

Accelerating the construction of a financial power is an inevitable requirement for coordinating development and security. The risks and challenges faced by my country's financial sector during the "15th Five-Year Plan" period will remain complex and

deeply understand the theoretical connotation and practical requirements of accelerating the construction of a financial power

What principles should be adhered to in accelerating the construction of a strong financial country? What are the theoretical implications and practical requirements?

The 20th Session of the Fourth Plenary Session of the Party explicitly proposed the important principle of the Six Persistences for economic and social development during the 15th Five Year Plan period. It is a major achievement of our Party in deepe

The leadership of the Party is the most essential feature of the development of financial sector with Chinese characteristics. The hard-earned remarkable achievements in financial work during the 14th Five-Year Plan are rooted in the guidance of Gene

Building a financial power is a pioneering endeavor with strong systematicness, innovation, and practicality. It is necessary to deeply grasp the main characteristics, path, key tasks, and underlying support of building a financial powerhouse.

To build a strong financial power, it is necessary to strengthen the construction of six key financial elements. A financial powerhouse should be based on a strong economic foundation, with leading economic, technological, and comprehensive national

To build a financial powerhouse, we must take the path of financial development with Chinese characteristics. This path is actively explored by the Party Central Committee with Comrade Xi Jinping as its core based on the law of financial development

To build a strong financial sector in China, it is necessary to accelerate the construction of a modern financial system with Chinese characteristics, including a scientific and stable financial regulation system, a structured financial market system

To build a strong financial sector, it is necessary to cultivate and promote financial culture with Chinese characteristics. This includes fostering a culture of integrity and honesty, not crossing the line, pursuing righteousness rather than mere pr

We should solidly promote the work of financial risk prevention, strengthen supervision, and facilitate high-quality development.

What are the main tasks and important measures to accelerate the construction of a strong financial country during the 15th Five-Year Plan period?

The planning proposal has made new arrangements to accelerate the construction of a financial powerhouse. The financial system should follow the plan and make solid progress in risk prevention, strengthened supervision, and high-quality development.

First, continue to improve the central banking system. Build a scientific and robust monetary policy system and a comprehensive macro-prudential management system, unblock the transmission mechanism of monetary policy, and improve the market-based in

Second, work in depth on the five major articles of finance. We will strengthen support for high-level technological self-reliance and the building of a technology power, improve the quality of financial supply for the comprehensive green transformat

Third, promote the healthy and stable development of the capital market. We will focus on enhancing the inclusiveness of the capital market for new industries, new formats, and new technologies, actively adapt to the needs of technological innovation

Fourth, further optimize the financial institution and financial infrastructure system. Promote various financial institutions to focus on their main businesses, improve governance, and develop in a differentiated manner, so that they can complement

Fifth, accelerate the construction of the international financial center. We will enhance the price influence of Shanghai's financial market, support Shanghai in steadily expanding institutional openness in the financial field, strengthen the legal g

Sixth, comprehensively improve financial regulatory capabilities. We will comprehensively strengthen institutional supervision, behavioral supervision, functional supervision, through-the-hole supervision, and continuous supervision, bring all financ

Seventh, efforts should be made to strengthen the construction of financial law. We should promote the completion of financial law legislation, fully play its leading and guiding role, and coordinate the drafting, revision, and abolition of other maj

Source: Xinhua News Agency