Financial Stability and Development Board of the State Council holds its Ninth meeting
On November 6, the Financial Stability and Development Board of the State Council (hereinafter referred to as the Financial Commission) held its ninth meeting to study and implement the spirit of the fourth Plenary session of the 19th CPC Central Committee, study and deepen the reform of small and medium-sized banks, prevent and resolve financial risks, and other issues. We will deploy key work in the financial field. Liu he, member of the political Bureau of the CPC Central Committee, vice premier of the State Council, and director of the Financial Commission, presided over the meeting. Responsible comrades of all member units and relevant units of the Financial Committee attended the meeting.
The meeting pointed out that General Secretary Xi Jinping's important speech at the fourth Plenary session of the 19th CPC Central Committee and the decisions examined and adopted by the Plenary session, It is a program and action guide for upholding and perfecting the socialist system with Chinese characteristics and promoting the modernization of the national governance system and governance capacity. All member units of the Financial Committee should, with a high sense of political responsibility and mission, do a good job in studying and implementing the spirit of the plenum as an important political task. It is necessary to have a deep understanding of the core issues, closely focus on "what to uphold and consolidate, what to improve and develop," and understand the major systems and principles, as well as the major tasks and measures to promote system building. It is necessary to grasp the key points and attach great importance to the construction of a modern central bank system and strengthen the construction of the basic system of the capital market from the point of view of financial services to the real economy and prevention and resolution of financial risks. We will improve the modern financial system with high adaptability, competitiveness and universality, deepen the reform of state-owned enterprises, support the development of small and medium-sized enterprises, and establish a system of punitive damages for intellectual property infringement. We will improve the legal environment for supporting the development of the private economy and foreign-invested enterprises, and improve the system and mechanism of scientific and technological innovation. It is necessary to really do a good job in implementation, consciously put financial work into the overall situation of promoting the modernization of the national governance system and governance capacity, implement the new concept of development, strengthen institutional construction in the financial field, and enhance the governance capacity of the financial industry. Financial departments should, in accordance with the requirements of the CPC Central Committee and the State Council, make concerted efforts to do a good job in the "six stable" work, prevent and resolve all kinds of risks, and maintain economic operation in a reasonable range.
The meeting pointed out that it is necessary to deepen the reform of small and medium-sized banks, improve the corporate governance structure and risk internal control system adapted to the characteristics of small and medium-sized banks, and solve the problem of institutional mechanism for the development of small and medium-sized banks from. It is necessary to fully combine strengthening the top-level design with stimulating endogenous power, pay attention to the division of labor between the central and local governments, the government and the market, straighten out the incentive mechanism, and fully arouse the enthusiasm of all parties. It is necessary to tighten the principal responsibility of financial institutions, the territorial responsibility of local governments, and the regulatory responsibility of financial management departments, improve the market environment and supporting policies for banks to replenish capital, and improve the system and mechanism of sustainable capital replenishment. At present, we should focus on supporting small and medium-sized banks to replenish capital through various channels, optimize their capital structure, and enhance their ability to serve the real economy and resist risks. Attention should be paid to popularizing some good experiences and practices in the operation and management of small and medium-sized banks and improving the business model of small and medium-sized banks.
The meeting stressed the need to improve financial policies and measures to support scientific and technological innovation, optimize the financing methods of scientific and technological innovation, and improve the supporting policy environment. It is necessary to adhere to the principles of marketization and legalization, give full play to the leading role of all kinds of industrial investment funds and venture capital funds, and better meet the financing needs of scientific and technological enterprises. It is necessary to strengthen the overall supervision and construction planning of financial infrastructure, promote the connectivity of all kinds of financial infrastructure, and ensure safety and efficiency.