Xi Jinping: We will unswervingly follow the path of financial development with Chinese characteristics and promote the high-quality development of China's finance

Xi Jinping delivered an important speech at the opening ceremony of the seminar on promoting high-quality financial development for major leading cadres at the provincial and ministerial levels

We will unswervingly follow the path of financial development with Chinese characteristics

Promote the high-quality development of China's finance

Zhao Leji, Wang Huning, Ding Xuexiang, Li Xi, and Han Zheng attended and Cai Qi presided

The seminar on promoting the high-quality development of finance for major leading cadres at the provincial and ministerial levels was held at the Central Party School (National Academy of Administration) on the morning of the 16th. Xi Jinping, General Secretary of the CPC Central Committee, President of the People's Republic of China, and Chairman of the Central Military Commission, delivered an important speech at the opening ceremony, emphasizing that the road of financial development with Chinese characteristics not only follows the objective laws of modern financial development, but also has distinctive characteristics suitable for China's national conditions, which is fundamentally different from the Western financial model. We must be firm in our self-confidence, continue to explore and improve in practice, and make this road broader and broader.

Zhao Leji, Wang Huning, Ding Xuexiang, Li Xi, members of the Standing Committee of the Political Bureau of the CPC Central Committee, and Han Zheng, vice president of the People's Republic of China, attended the opening ceremony, and Cai Qi, member of the Standing Committee of the Political Bureau of the CPC Central Committee, presided over the opening ceremony.

Xi Jinping pointed out that since the 18th National Congress of the Communist Party of China, we have actively explored the laws of financial development in the new era, continuously deepened our understanding of the nature of socialist finance with Chinese characteristics, and continuously promoted financial practice innovation, theoretical innovation, Institutional innovation, accumulated valuable experience, and gradually embarked on a path of financial development with Chinese characteristics, that is: adhere to the centralized and unified leadership of the Party Central Committee over financial work, adhere to the people-centered value orientation, adhere to the financial services of the real economy as the fundamental purpose, adhere to the prevention and control of risks as the eternal theme of financial work, adhere to the market-oriented rule of law track to promote financial innovation and development, adhere to the deepening of financial supply-side structural reform, adhere to the overall planning of financial opening and security, and adhere to the general tone of seeking progress while maintaining stability. These articles clarify how to look at and do financial work in the new era and new journey, and are an organic whole that embodies the basic positions, views and methods of financial development with Chinese characteristics.

Xi Jinping stressed that a financial power should be based on a strong economic foundation, with world-leading economic strength, scientific and technological strength and comprehensive national strength, and at the same time have a series of key core financial elements, namely: a strong currency, a strong central bank, a strong financial institution, a strong international financial center, a strong financial supervision, and a strong financial talent team. Building a financial power requires long-term efforts and long-term success. It is necessary to speed up the construction of a modern financial system with Chinese characteristics, establish and improve a scientific and stable financial regulation and control system, a well-structured financial market system, a financial institution system with division of labor and cooperation, a complete and effective financial supervision system, a diversified and professional financial product and service system, and an independent, controllable, safe and efficient financial infrastructure system.

Xi Jinping pointed out that efforts should be made to prevent and resolve financial risks, especially systemic risks. The key to financial supervision should be "long teeth and thorns" and angular and angular, and the key lies in the fact that the financial regulatory departments and industry authorities should clarify their responsibilities and strengthen coordination and cooperation. It is necessary to strictly enforce the law in all aspects of market access, prudential supervision, and behavior supervision, so as to ensure that financial supervision and control extends horizontally to the edge and vertically to the end. All localities should base themselves on one region and seek the overall situation, and implement the responsibility of territorial risk handling and stability maintenance. In the process of risk handling, it is necessary to resolutely punish corruption and strictly guard against moral hazard. Financial supervision is a system engineering, financial management departments and macroeconomic regulation and control departments, industry authorities, judicial organs, discipline inspection and supervision organs have corresponding responsibilities, to strengthen regulatory coordination, improve the power and responsibility of the same risk disposal responsibility mechanism. Crack down on financial crime.

Xi Jinping stressed that it is necessary to improve the efficiency and ability of China's financial resource allocation through expanding opening up, enhance international competitiveness and the influence of rules, and prudently grasp the rhythm and intensity. It is necessary to promote high-level financial opening-up with a focus on institutional opening-up, implement the pre-establishment national treatment plus negative list management system, benchmark the relevant rules of the financial sector in international high-standard economic and trade agreements, streamline restrictive measures, enhance the transparency, stability and predictability of opening-up policies, regulate overseas investment and financing, and improve financial support for the joint construction of the "Belt and Road". It is necessary to strengthen the interconnection of domestic and foreign financial markets, improve the level of cross-border investment and financing facilitation, and actively participate in the reform of international financial supervision. It is necessary to maintain the bottom line of financial security under the conditions of opening up.

Xi Jinping pointed out that to promote high-quality financial development and build a financial power, it is necessary to adhere to the combination of the rule of law and the rule of ethics, and actively cultivate a financial culture with Chinese characteristics, so as to: be honest and trustworthy, do not cross the bottom line, seek profit with righteousness, not seek profit, be prudent and prudent, do not rush for quick success, keep integrity and innovation, do not deviate from reality to virtuality, comply with laws and regulations, and do not act recklessly.

Finally, Xi Jinping stressed that leading cadres at all levels should enhance their financial thinking and financial work capabilities, adhere to the idea of a game of chess in economy and finance, conscientiously implement the decisions and arrangements of the Central Financial Work Conference, promote high-quality economic and financial development as a whole, and make new and greater contributions to comprehensively promoting the construction of a strong country and the great cause of national rejuvenation with Chinese-style modernization.

Cai Qi pointed out at the opening ceremony that General Secretary Xi Jinping's important speech is profound, broad-minded, incisive, rich in connotation, and has a strong political, theoretical, pertinent and guiding nature, which is of great significance for the whole party, especially senior cadres, to correctly understand the situation and tasks facing China's financial development, deepen the understanding of the essential laws and development paths of financial work, comprehensively enhance financial work skills and risk response capabilities, and unswervingly take the road of financial development with Chinese characteristics. It is necessary to deeply understand and grasp the rich connotation, essence and practical requirements of General Secretary Xi Jinping's important speech, deeply understand the decisive significance of the "two establishments", resolutely achieve the "two safeguards", and effectively unify thoughts and actions with the decision-making and deployment of the Party Central Committee.

Members of the Political Bureau of the CPC Central Committee, members of the Secretariat of the CPC Central Committee, party members and vice chairmen of the Standing Committee of the National People's Congress, state councilors, president of the Supreme People's Court, procurator general of the Supreme People's Procuratorate, party members and vice chairmen of the National Committee of the Chinese People's Political Consultative Conference, and members of the Central Military Commission attended the opening ceremony.

Principal responsible comrades of all provinces, autonomous regions, municipalities, the Xinjiang Production and Construction Corps, relevant departments of the central and state organs, relevant mass organizations, financial institutions, enterprises, colleges and universities under the management of the central government, various units of the People's Liberation Army and the armed police force attended the seminar. Responsible comrades of the central committees of the democratic parties, the All-China Federation of Industry and Commerce, and relevant departments attended the opening ceremony as observers.