Current location:International Insights news portal > entertainment
Xi stresses boosting high
International Insights news portal2024-05-22 08:49:15【entertainment】8People have gathered around
Introduction(Xinhua) 15:45, January 16, 2024General Secretary of the Communist Party of China (CPC) Central Comm
General Secretary of the Communist Party of China (CPC) Central Committee Xi Jinping, also Chinese president and chairman of the Central Military Commission, addresses the opening of a study session on boosting the high-quality development of the financial sector, attended by principal officials at the provincial and ministerial levels, at the Party School of the CPC Central Committee (National Academy of Governance) in Beijing, capital of China, Jan. 16, 2024. (Xinhua/Ju Peng)
BEIJING, Jan. 16 (Xinhua) -- Chinese President Xi Jinping on Tuesday stressed staying committed to the path of financial development with Chinese characteristics and boosting the high-quality development of the financial sector.
Xi, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, made the remarks while addressing the opening of a study session at the Party School of the CPC Central Committee (National Academy of Governance).
While abiding by the objective laws of modern financial development, the path of financial development with Chinese characteristics enjoys features that better suit China's national conditions and is fundamentally different from the Western financial model, Xi said at the study session attended by principal officials at the provincial and ministerial levels.
He called for firming up confidence and making sustained exploration and improvement to further broaden this path.
Members of the Standing Committee of the Political Bureau of the CPC Central Committee Zhao Leji, Wang Huning, Ding Xuexiang and Li Xi, as well as Vice President Han Zheng attended the opening ceremony of the study session. Cai Qi, a member of the Standing Committee of the Political Bureau of the CPC Central Committee, presided over the event.
Since the 18th CPC National Congress, efforts have been made to constantly deepen the understanding of the essence of socialist finance with Chinese characteristics, and promote financial innovations in terms of practice, theories and institution, Xi said.
The country has accumulated valuable experience and gradually formed a path of financial development with Chinese characteristics, Xi said.
The path adheres to the centralized and unified leadership of the CPC Central Committee over the financial work and adopts a people-centered approach, according to Xi.
It sticks to the fundamental purpose of serving the real economy, and takes preventing and controlling risks as the eternal theme of financial work, Xi said.
The path also follows the principles of promoting financial innovation and development on the track of marketization and rule of law, deepening supply-side structural reform of the financial sector, coordinating financial opening-up and security, and seeking progress while maintaining stability.
Xi noted that a financially robust country should be based on a strong economic foundation, possessing leading economic, scientific, technological and overall national strength in the world.
At the same time, a country with great financial strength should also boast a series of key core financial elements, namely, a strong currency, a strong central bank, strong financial institutions, strong international financial centers, strong financial supervision and regulation, and a strong financial talent pool, he said.
To strengthen China's financial capabilities, Xi urged efforts to accelerate the building of a modern financial system with Chinese characteristics, and establish and improve a scientific and prudent financial regulation system, a reasonably structured financial market system, a financial institution system with division of tasks and collaboration, a complete and effective financial oversight system, a diversified and professional financial product and service system, and an independent, controllable, safe and efficient financial infrastructure system.
He emphasized efforts to prevent and defuse financial risks, especially systemic risks.
Financial oversight needs to have "teeth and thorns" and be sharp-pointed, he said, adding that law enforcement should be strict in market access, prudential oversight and behavioral regulation.
By boosting opening-up, China will work to enhance the efficiency and capability of financial resource allocation, improve global competitiveness and rule-making influence, and maintain a steady and prudent rhythm and intensity, he said.
It is necessary to promote high-level financial opening-up by focusing on institutional opening-up, and implement the pre-establishment national treatment plus negative list management system, he noted.
Xi stressed alignment with financial rules in global high-level economic and trade agreements, fewer restrictive measures, and better transparency, stability and predictability of opening-up policies.
More should be done to regulate overseas investment and financing activities and improve financial support for the Belt and Road cooperation, he said.
To boost the country's financial strength, it is important to adhere to the combination of the rule of law and the rule of virtue and cultivate a financial culture with Chinese characteristics, he said.
Such a culture adheres to the following principles: being honest and trustworthy; seeking gains through righteous approaches and avoiding a single-minded focus on profit; maintaining prudence and caution in work without succumbing to the lure of quick success; preventing funds from being diverted out of the real economy; ensuring compliance with laws and regulations, and refraining from reckless actions.
Cai Qi said that it is important to deeply understand and grasp the rich connotations of Xi's important words and align thoughts and actions with the decisions and arrangements of the CPC Central Committee.
General Secretary of the Communist Party of China (CPC) Central Committee Xi Jinping, also Chinese president and chairman of the Central Military Commission, addresses the opening of a study session on boosting the high-quality development of the financial sector, attended by principal officials at the provincial and ministerial levels, at the Party School of the CPC Central Committee (National Academy of Governance) in Beijing, capital of China, Jan. 16, 2024. Members of the Standing Committee of the Political Bureau of the CPC Central Committee Zhao Leji, Wang Huning, Ding Xuexiang and Li Xi, as well as Vice President Han Zheng attended the opening ceremony of the study session. Cai Qi, a member of the Standing Committee of the Political Bureau of the CPC Central Committee, presided over the event. (Xinhua/Shen Hong)
Address of this article:http://colombia.tom-paine.com/article-01c399972.html
Very good!(5832)
Related articles
- Microsoft's AI chatbot will remember everything you do on a PC
- Nicola Peltz breaks her social media silence after missing out on mother
- David Beckham's best pal Dave Gardner reveals guests at Victoria's star
- Arkansas teen held on murder charge after fatal shooting outside party after high school prom
- Seoul AI summit opens with companies including Google, Meta, OpenAI pledging to develop AI safely
- Top procuratorate reports legal oversight work in 2023
- 4 Germans caught marking Hitler's birthday outside Nazi dictator's birthplace in Austria
- Greek and Turkish delegations meet in Athens as part of efforts to improve often strained ties
- China sanctions former US lawmaker who supported Taiwan
- Bride slammed for 'beige wedding' after telling guests what colours they could wear to ceremony
Popular articles
Recommended
Mariachis. A flame
The culinary game at MLB ballparks has exploded in the past 20 years. Eating healthy is a challenge
Nets hire Jordi Fernandez as coach. Fernandez was Kings' associate head coach for two years
Andrew Garfield looks loved
Protesters against war in Gaza interrupt Blinken repeatedly in the Senate
Nets hire Jordi Fernandez as coach. Fernandez was Kings' associate head coach for two years
Los Angeles Mayor Karen Bass safe after suspect breaks into official residence, police say
A ban on single
Links
- Ships from Turkey planning to deliver aid to Gaza were denied right to sail
- Arizona ace Zac Gallen leaves in 6th inning against Seattle with right hamstring tightness
- Summer Movie Guide 2024: All the films coming to theaters and streaming
- Jets defenseman Brenden Dillon heads to locker room with hand bleeding after fight following game
- Summer Movie Guide 2024: All the films coming to theaters and streaming
- 2024 NFL draft: Browns' draft picks from Michigan
- Iraqi authorities are investigating the killing of a social media influencer
- Tornadoes in Nebraska and Iowa collapse buildings
- Blood test could detect osteoarthritis in the knees eight years before it appears on X
- How major US stock indexes fared Friday, 4/26/2024