China News Service, Shanghai, October 24 (Reporter Wang Enbo) The second Bund Finance Summit opened in Shanghai on October 24. Chinese Vice President Wang Qishan delivered a video speech at the opening ceremony.
Wang Qishan pointed out that mankind has entered a new era of interconnection. The interests of all countries are closely linked and the destiny is shared. Economic globalization is still the historical trend. Unity in fighting the epidemic, overcoming difficulties, and win-win cooperation is the only correct choice for the world.
Wang Qishan emphasized that China will adhere to the general keynote of seeking progress while maintaining stability, implement new development concepts, and accelerate the construction of a new development pattern with domestic and international cycles as the mainstay and mutual promotion of domestic and international cycles.
The new development pattern focuses on adapting to changes, adhering to supply-side structural reforms, relying more on the domestic market, and constantly improving the high-level dynamic balance of demand-driven supply and supply-creating demand.
The new development pattern focuses on changing the mode, shifting the driving force of economic growth from factor-driven to innovation-driven, from investment-driven to dual-driven consumption and investment, and from "two ends outside" to independent and open compatibility.
The new development pattern focuses on further deepening reforms and expanding opening up, allowing the market to play a decisive role in the allocation of resources, giving better play to the role of the government, building a new higher-level open economic system, and forming new advantages in international cooperation and competition.
Wang Qishan emphasized that the current global financial and economic environment is changing drastically. It is necessary to stick to the bottom line, but also to flexibly respond to risks and challenges, and be brave to remove the old and create the new.
We must insist that financial services serve the real economy and support key areas and weak links in economic development.
It is necessary to persist in preventing and dissolving financial risks, using the increment of economic development to dissolve risks, and dealing with risks in a standardized way, and dealing with risks in an orderly manner on the basis of marketization and rule of law, and keeping the bottom line of avoiding systemic risks.
We must adhere to the equal emphasis on financial innovation and strengthening supervision, seek a balance between encouraging financial innovation, stimulating market vitality, expanding financial opening and financial supervision capabilities, and integrating management into services.
Li Qiang, member of the Political Bureau of the CPC Central Committee and secretary of the Shanghai Municipal Party Committee, attended the opening ceremony and delivered a speech.
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