(Observation of the NPC and CPPCC) The first chapter on development security is set up, how will China’s finance “precise bomb disposal” during the 14th Five-Year Plan?

　　China News Service, Beijing, March 9th, title: The first chapter on development security, how will China’s finance "precise bomb disposal" during the 14th Five-Year Plan?

　　China News Agency reporter Xia Bin

　　Risk prevention is becoming more and more important in China's financial work.

　　The chapter of "Accelerating Financial System Reform" in the "13th Five-Year Plan" requires effective prevention and mitigation of financial risks; the "14th Five-Year" plan and the draft of the 2035 long-term goal outline set up a special chapter on integrated development and security for the first time, and proposed a financial security strategy , And put it at the same important position as food security and energy resource security.

　　The "precise bomb disposal" of financial risks will always "escor" China's development in the next five years.

The data picture shows the red flag flying on Tiananmen Square.

Photo by China News Agency reporter Du Yang

——Analyze the "war situation", financial security is related to the overall development of the country.

　　Finance is the core of the modern economy and the bloodline of the real economy.

Because of this, once the financial "chill", the economy will easily "catch a cold."

　　"Countries that have experienced major financial crises in history will have their economies severely hit, or even collapse, and will not recover for a long time." Yang Changchang, a member of the National Committee of the Chinese People's Political Consultative Conference and chief economist of the Shenwan Hongyuan Securities Research Institute, told a reporter from China News Agency.

　　For example, he said that the collapse of the US stock market triggered the economic "Great Depression" that swept the world in the last century. The lessons of the Latin American debt crisis and the Asian financial crisis are equally profound. The effects of the subprime mortgage crisis and the European debt crisis cannot be said to have been completely eliminated until now.

　　"Risk prevention is the eternal theme of the financial industry, as well as the eternal theme of financial supervision." Shang Fulin, member of the Standing Committee of the CPPCC National Committee and Director of the Economic Committee, said that China's current economic recovery is not yet solid, and there are still many uncertainties in the epidemic and the external environment. Credit risk has a certain lag, and prevention and resolution of financial risks cannot be slackened.

　　Undoubtedly, maintaining financial security is a major event of strategic significance related to the overall economic and social development of China.

—— Face the "battle" and be alert to the risk of incremental financial stock.

　　Since the 19th National Congress of the Communist Party of China, decisive achievements have been made in the battle to prevent and resolve major financial risks.

　　The blind expansion of financial assets has gradually reversed; the banking industry has promoted the identification and disposal of non-performing assets; shadow banking has been dismantled in an orderly manner; the bubble of real estate financialization has been curbed...

　　Existing risks have been properly handled, but have not been completely eliminated, and the prevention of risks is not done once and for all. This dynamic work needs to pay attention to incremental risks, and take precautions for the "invisible and invisible" crises.

　　Jin Li, a member of the National Committee of the Chinese People's Political Consultative Conference and deputy director of the Department of Economics and Management of Peking University, told a reporter from China News Agency that China is now facing a period of economic development transition, a period of epidemic shock recovery, a period of adjustment of the international industrial chain supply chain, and a period of game play in the external environment. Under the background, various new financial risks will be generated.

　　In Yang Changchang's view, during the "14th Five-Year Plan" period, China's financial risk prevention and control pressure is still high, and risk awareness and bottom-line thinking need to be further strengthened.

How to reduce the macro-leverage ratio, how to manage Internet finance, how to prevent cross-border capital flow risks, and how to resolve hidden local debts, each issue should not be underestimated.

-Formulate "tactics" to install "safety valves" for the financial industry.

　　Preventing and resolving financial risks requires "precise and correct" regulatory means, and a long-term mechanism for financial risk prevention and control must be established to achieve stable growth and a long-term balance of risk prevention while orderly disposing of prominent risks in key areas.

　　Shang Fulin gave a set of specific "tactics."

Regarding the macro leverage ratio, we must strictly guard against credit risks in key areas such as real estate.

Accelerate the disposal of high-risk institutions.

Increase efforts to crack down on illegal finance and "driving without a license".

Prevent the impact of external imported risks and ensure financial security.

　　For the disposal of non-performing assets, it is necessary to improve risk prediction capabilities, explore innovative disposal methods, improve disposal efficiency, and prepare for a rebound in non-performing loan exposure.

　　At the same time, resolutely curb monopoly and unfair competition, prevent the disorderly expansion and barbaric growth of capital in the financial sector; continue to deepen financial supply-side structural reforms, improve corporate governance and internal control management; adequate provision for loan losses, Increase profit retention, broaden capital replenishment channels, enhance the ability to resist risks, and lay a solid foundation for preventing and resolving financial risks.

　　Yang Weimin, member of the Standing Committee of the National Committee of the Chinese People’s Political Consultative Conference and deputy director of the Economic Committee, stated in a report that there are many problems in China’s current financial system that need to be further straightened out. The legalization, standardization, and transparency of the entire financial market need to be further improved in order to support the financial market. Stable, faster and better development.

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