China News Service, October 25. According to the official website of the China Banking and Insurance Regulatory Commission on the 25th, on the 24th, the China Banking and Insurance Regulatory Commission held a party committee (expanded) meeting to thoroughly study and implement the spirit of the 20th National Congress of the Communist Party of China.

  The meeting emphasized that it is necessary to earnestly fulfill the duty and mission of supervision in the new era, and resolutely translate the spirit of the 20th National Congress of the Communist Party of China into the working ideas and specific measures for banking and insurance supervision.

We must deeply realize that China's economy is resilient, has ample potential, and has wide room for maneuver, and the fundamentals of long-term improvement will not change.

At present, financial risks are generally restrained and the financial system is generally sound.

The long-term strengthening trend of the RMB will not change.

China's continuous balance of payments surplus and huge net foreign investment assets provide a strong guarantee for the stability of the RMB exchange rate

.

Under the background of innovative development and steady transformation of the real economy, the capital market has long-term investment value and the sound foundation for stable operation will not change.

  It is necessary to persevere in preventing and resolving major financial risks, coordinating development and security,

promoting the reform of small and medium-sized financial institutions to reduce risks in an orderly manner, strengthening the financial stability guarantee system

, and firmly maintaining the bottom line of no systemic financial risks.

It is necessary to adhere to the theme of promoting high-quality development, support the construction of a modern industrial system, improve the rural financial service system, effectively promote coordinated regional development, and accelerate the construction of a new development pattern.

It is necessary to vigorously develop inclusive finance, strengthen financial services for "new citizens", standardize the development of the third pillar pension insurance, and actively promote common prosperity.

It is necessary to deepen the reform of the financial system,

accelerate the improvement of the corporate governance of financial institutions, continue to promote the digital transformation of finance, and unswervingly promote the high-level opening of the banking and insurance industry to the outside world

.

It is necessary to strengthen and improve modern financial supervision, improve the financial rule of law, incorporate all types of financial activities into supervision in accordance with the law, and effectively improve the modernization level of the financial governance system and governance capacity.

(Zhongxin Finance)