Cctv news: "China Banking and Insurance Regulatory Commission, China" WeChat WeChat official account news, China Banking and Insurance Regulatory Commission recently held a party committee (enlarged) meeting.
The meeting demanded that next year will be the first year to implement the spirit of the 20th Party Congress, and it is of great significance to do a good job in economic and financial work.
First, adhere to the overall leadership of the party, especially the centralized and unified leadership of the CPC Central Committee. Adhere to the centralized and unified leadership of the CPC Central Committee throughout the whole process and all aspects of financial supervision, continuously enhance the political and people-oriented nature of financial supervision, and unswervingly follow the road of financial development with China characteristics. We will improve the implementation mechanism of major decision-making arrangements of the CPC Central Committee and conscientiously implement the reporting system for major issues. Solidly promote the normalization and long-term effectiveness of the central inspection and rectification. Continue to promote bank insurance institutions to strengthen party building and integrate party leadership into all aspects of corporate governance. Support and cooperate with local party committees to strengthen leadership over party organizations of local financial institutions. Select and strengthen the leading bodies of small and medium-sized financial institutions, adhere to the cadre standard of "strong politics and good business", implement "financiers run finance", and do everything possible to fill the shortcomings in system and talents.
The second is to increase financial support and expand domestic demand. Financial policies should be more actively coordinated with fiscal policies and social policies, giving priority to supporting the recovery and expansion of consumption. Strengthen financial assistance to traditional service industries, such as catering, cultural tourism and so on, especially small and micro enterprises and individual industrial and commercial households. Optimize consumer financial products and services, encourage the consumption of bulk commodities such as new energy vehicles and green household appliances, promote the improvement of residential consumption, and provide credit support and insurance protection for new consumption and service consumption. We will continue to improve the financial services for new citizens to better meet the needs of rural migrants, newly graduated college students and other groups to live and work in peace and contentment. Enrich the supply of financial products, increase residents’ safe and stable property income through multiple channels, improve household balance sheets and enhance consumption power. Strengthen the financing guarantee for investment. We will promote the improvement of the investment and financing system in the social field, and explore qualified institutions such as hospitals, schools, culture, sports, old-age care and nursery schools to accelerate their development with various financing tools. Deepen structural reforms on the supply side, support the implementation of urban renewal actions and rural construction actions, and promote the shortcomings in social undertakings. Give play to the countercyclical adjustment role of policy banks and guide commercial banks and insurance institutions to provide supporting financing. Adhere to the "two unwavering" and increase financial support for private investment and private enterprises. Promote the smooth domestic and international double circulation, improve foreign trade credit and export credit insurance services, and consolidate and expand new advantages in foreign trade competition.
Third, actively support the construction of a modern industrial system. We will guide more financial resources to gather in mid-to-high-end manufacturing industries, and continue to increase medium and long-term loans and investment in insurance funds around key areas such as advanced manufacturing industries, strategic emerging industries, and transformation and upgrading of traditional industries. Strengthen financial support for the construction of modern infrastructure and circulation system, and accelerate the development of digital economy and modern service industry. Adhere to both standardization and development, and support platform enterprises to show their talents in leading development, creating jobs and international competition. Promote "technology — Industry — Finance "virtuous circle, optimize technology and finance services, improve the financing support of the whole industry chain, and continue to promote the first (set) of equipment, the first batch of sub-materials and other scientific and technological insurance pilots. Support green transformation and development, promote the sustained growth of green credit scale, and develop green insurance. Actively help promote rural revitalization in an all-round way, improve the rural financial service system, promote the sustained growth of agricultural loans, and expand the scope of agricultural insurance.
Fourth, resolutely prevent and resolve major risks in the financial sector. Adhere to "one line, one policy" and "one company, one policy" and accelerate the reform of insurance institutions in small and medium-sized banks. Anticipate the risk of deterioration of credit assets, encourage banking institutions to increase the disposal of non-performing assets, and promote small and medium-sized banks to accelerate the pilot project of disposing of non-performing loans. Promote the normal cycle of finance and real estate, do a good job of "ensuring property delivery, people’s livelihood and stability", meet the reasonable financing needs of the real estate market, and improve the balance sheet of high-quality housing enterprises. Adhere to the positioning of "staying in a house without speculation", implement differentiated housing credit policies based on the city’s policy, meet the demand for rigid and improved housing, support the construction of long-term rental housing market, and promote the smooth transition of the real estate industry to a new development model. Cooperate to resolve the hidden debt risk of local governments. Adhere to the differences between private placement and public offering, investment and credit, equity and creditor’s rights, prevent the resurgence of various high-risk shadow banks, promptly investigate and deal with fraudulent acts that promote "capital preservation and high returns", and severely crack down on illegal financial activities. Strengthen the financial stability guarantee system and firmly hold the bottom line that regional and systemic financial risks will not occur.
Fifth, continue to deepen reform and open wider to the outside world. Promote the construction of a multi-level, wide-coverage and differentiated financial institution system. Accelerate the establishment of a modern financial enterprise system with China characteristics, improve the internal governance of financial institutions, and prevent manipulation by major shareholders and insider control. Accelerate the reform of rural credit cooperatives with the focus on transforming the functions of provincial credit cooperatives, and steadily promote the reform and restructuring of rural banks. Promote the insurance industry to return to its origin, focus on its main business, and strengthen its risk protection function. Standardize the development of the third pillar endowment insurance. Guide the trust industry to develop original businesses such as service trust, asset management trust and charitable trust. Supervise financial asset management companies to focus on the disposal of non-performing assets. Unswervingly promote high-level opening to the outside world, adhere to both "bringing in" and "going out", steadily expand institutional opening such as rules, regulations, management and standards, improve the level of "One Belt, One Road" in financial services, and actively introduce foreign-funded financial institutions with stable operations, excellent qualifications and professional characteristics.
Sixth, strengthen and improve modern financial supervision. Improve the financial rule of law and prudential supervision rules. Follow the constitutional purpose and legislative spirit, and substantially increase the cost of violating laws and regulations. Improve the risk prevention, early warning and disposal mechanism. Strictly regulate the cross-regional operation of local financial institutions and promote the classified management of business licenses of financial institutions. Accelerate the digital and intelligent transformation of supervision and enhance the penetration ability of data analysis. Strengthen the protection of the legitimate rights and interests of financial consumers, and urge banks and insurance institutions to strengthen the appropriate management of investors.
The meeting demanded that the whole system should strengthen the sense of responsibility, combine the spirit of implementing the Central Economic Work Conference and the Central Rural Work Conference with the spirit of studying and implementing the Party’s 20th Congress, and do a good job in implementing the decision-making arrangements of the CPC Central Committee in the banking and insurance industries. Improve professional quality, pay attention to strengthening the understanding and grasp of financial laws, and creatively carry out various work. Carry forward the work style, strengthen investigation and research, make decisions and arrangements for the Central Committee of the Party, push the supervision of the banking and insurance industry to a new level, and contribute more financial strength to make a good start in building a socialist modern country in an all-round way.