Unswervingly obey and serve national development (voice)
Establish the financial ambition to serve the country, promote the spirit of not being afraid of hardships and being the most serious, single-mindedly seek development, run the bank in a disciplined manner, and strive to build the China Development Bank into an institution that allows the Party Central Committee to rest assured and the people are satisfied
Finance is an important core competitiveness of the country. General Secretary Xi Jinping emphasized: "Financial activity, economic activity; financial stability, economic stability. Economic prosperity, financial prosperity; strong economy, strong finance. The economy is the body, and finance is the blood, and the two coexist and prosper." The role of banks is to serve. Real economy services help economic development and technological progress, and meet the needs of the people. Policy banks are an important financial tool for the party to govern and rejuvenate the country, and an important manifestation of the advantages of the socialist system with Chinese characteristics in the financial field.
The National Development Bank pursues a high degree of integration of social and economic benefits with a developmental financial service strategy for the country. Since its establishment 26 years ago, the China Development Bank has supported a large number of key projects related to the national economy and people’s livelihood, such as the Three Gorges Project, the South-to-North Water Transfer Project, the Beijing-Shanghai High-speed Railway, and the Hong Kong-Zhuhai-Macao Bridge. It has embarked on a path of developmental financial development with Chinese characteristics and made important contributions to national development. The scale of assets also ranks first among development financial institutions in the world.
Since the establishment of the new party committee of the China Development Bank, it has made a clear-cut proposal to focus on the main responsibilities, obey and serve the development of the country. Through a series of institutional arrangements such as the Party Committee, Theoretical Learning Center Group, and the President’s Office Meeting "First Topic", we have found direction, set goals, and set goals from the in-depth study and implementation of General Secretary Xi Jinping’s important speech, important instructions and the party’s central decision-making deployment. Set the key points, frequently compare the benchmarks against the meter, calibrate the deviations in time, strive to meet the requirements of the central government and the expectations of the people, the development bank will take action, and effectively implement the "two maintenances" into actions and reflect the results.
To obey and serve the development of the country, we must strengthen our responsibility. The central government has put forward clear requirements for policy and development finance to play a role in key areas, weak links, and critical periods. Development banks must walk in the "first square", take the initiative to act, concentrate resources to serve regional coordinated development, and "two new" Important areas such as “One Heavy”, poverty alleviation, high-quality co-construction of the “Belt and Road”, and high-quality development of manufacturing.
To obey and serve the development of the country, we must give full play to our own advantages. Development Bank funds have the characteristics of concentration, large sums, medium and long-term, and have a high degree of matching with the capital needs of major construction projects such as infrastructure, basic industries and pillar industries. Therefore, supporting major projects with medium and long-term investment and financing is the housekeeping skill of the Development Bank . We must give full play to our own advantages, further improve communication and docking with national ministries, local governments, and leading enterprises, strengthen planning first, explore cooperation opportunities in depth, improve response speed and service efficiency, and provide high-quality financial services for major project construction.
To obey and serve national development, we must promote reform and innovation. Only by actively adapting to the new policy requirements and market environment, and actively innovating financing models, can we better provide support for economic and social development. For example, we innovated the use of re-lending to support small and micro enterprises, solved the problem of fewer institutional outlets and limited personnel, and found an effective path for developing inclusive financial services. For another example, we explored the "manufacturing capital cooperation plan" and tried tripartite cooperation between the bank, government and enterprise, which not only relieves the pressure on local guarantees, but also meets the bank's risk management needs, promotes enterprise development, and forms a good situation of tripartite win-win.
At present, the new crown pneumonia epidemic has a huge impact on my country's economy, and the development tasks we face are arduous and difficult. All cadres and employees of the China Development Bank must firmly establish the financial ambition to serve the country, promote the spirit of not being afraid of hardships and being the most serious, wholeheartedly seek development, run the bank in a disciplined manner, and strive to build the China Development Bank into an institution that allows the Party Central Committee to rest assured and the people are satisfied. .
—— Ouyang Weimin, Deputy Secretary of the Party Committee and President of China Development Bank, said at the bank's 14th President's Office Meeting in 2020
(Compiled by our reporter Xu Zhifeng)