Author source: Xinhua News Agency

Xinhua News Agency, Beijing, October 29th, Title: Promoting Finance towards High-Quality Development—A Review of Reform and Development in the w88 mobile Sector since the New Era

Xinhua News Agency reporter

Finance is the core of modern economy。Since the 18th National Congress of the Communist Party of China，Under the strong leadership of the Party Central Committee with Comrade Xi Jinping as the core，Our country will unswervingly follow the path of w88 mobile development with Chinese characteristics，Continue to promote high-quality development of the w88 mobile industry。

Under the guidance of Xi Jinping’s Economic Thought，All localities and departments continue to deepen w88 mobile supply-side structural reform，Steady expansion of w88 mobile opening，Coordinate development and security，Firmly hold on to the bottom line of preventing systemic risks，Work together to promote steady progress in China’s w88 mobile reform and development。

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Finance is the blood of the real economy，Serving the real economy is the bounden duty of finance。Since the 18th National Congress of the Communist Party of China，my country’s w88 mobile sector deepens its understanding of the nature and laws of finance，Serving the real economy will be the foundation of the w88 mobile industry，The quality and efficiency of w88 mobile services to the real economy continue to improve。

A virtuous cycle between finance and the real economy is gradually formed——

Has the largest banking system in the world，The second largest insurance、Stock and Bond Market，Inclusive finance is at the forefront of the world，my country’s w88 mobile system provides strong support for the long-term stable and healthy development of the economy and society。

Data display from the People’s Bank of China，The balance of RMB loans issued to the real economy increased from 81% in 2014.43 trillion yuan climbing to more than 230 trillion yuan in September 2023，The average annual growth rate remains above 10%，Basically matches the nominal GDP growth rate。

Direct financing channels are also constantly opening up。From less than 30 trillion yuan in 2012，To date, the custody balance exceeds 150 trillion yuan，China’s bond market continues w88 online casinoto grow and develop。"Among more than 5200 A-share listed companies，Nearly 2,900 listed companies in strategic emerging industries，Empowering high-quality development of the real economy。" said Sun Nianrui, Vice President of China Listed Companies Association。

w88 mobile services continue to be strengthened in key areas and weak links——

In recent years，The w88 mobile sector continues to increase its investment in the manufacturing industry、Technological Innovation、Small and micro enterprises、Rural Revitalization、Strength of support in green development and other fields，Promote w88 mobile resources to focus on key areas and weak links。

Data display from the w88 mobile management department，As of the end of September this year，Inclusive small and micro loan balance 28.74 trillion yuan，The average annual growth rate in the past five years is about 25%；Green loan balance、Manufacturing medium and long-term loan balance、“Specialized, Special and New” Small and Medium Enterprise Loan Balance、The balance of agriculture-related loans increased by 36% year-on-year respectively.8%、38.2%、18.6%、15.1%，Both are much higher than the growth rate of various loans。

“High-quality development of service economy，Adjust and improve the structural monetary policy tool system，Played an active role in motivating and guiding w88 mobile institutions to optimize the allocation of credit resources。" said Zou Lan, Director of the Monetary Policy Department of the People's Bank of China。

Financing costs for physical enterprises continue to decline——

In recent years，The formation and transmission mechanism of market-oriented interest rates is increasingly improving，The results of the loan prime rate (LPR) reform continue to show，The transmission efficiency of monetary policy is gradually improving，Promote a significant reduction in social financing costs。

The weighted average interest rate of new loans issued to Chinese enterprises in September was 3.85%，14 basis points lower than the same period last year，At historical lows。

Effectively prevent and resolve w88 mobile risks

w88 mobile security is an important part of national security。Since the 18th National Congress of the Communist Party of China，my country coordinates w88 mobile development and security，Resolutely fight the battle to prevent and resolve major w88 mobile risks，Important results have been achieved in preventing and defusing w88 mobile risks。

The trend of w88 mobile assets moving from real to virtual has been reversed——

For idle funds、Arbitrage and other phenomena，Carry out special management of market chaos；Comprehensive implementation of new asset management regulations...in recent years，The w88 mobile management department resolutely cleans up the situation and turns away from reality、Indiscriminate leverage and other activities，The scale of credit-like shadow banking has dropped by about 30 trillion yuan from its historical peak。Past years，Funds flowing to the real economy increased significantly。

Small and medium-sized w88 mobile institutions are steadily advancing the reform of risk reduction——

Recent，Liaoning Rural Commercial Bank was approved to open，Shanxi Rural w88 online gamesand Commercial United Bank、Henan Rural and Commercial United Bank has been approved to be established...Important measures to steadily promote the reform of small and medium-sized w88 mobile institutions and reduce risks have been introduced。

Organizational integration、Equity restructuring、Market withdrawal... In recent years, our country has solidly promoted the reform of small and medium-sized w88 mobile institutions and risk reduction，Some institutions after reform and reorganization are gradually restoring hematopoietic function，Achieve stable operation。

The fourth quarter of 2022，The People's Bank of China completed the rating of 4368 banking w88 mobile institutions。Result display，The number of high-risk institutions dropped by nearly half from the peak。There are no high-risk institutions within the jurisdiction of 10 provinces and cities。

The social and w88 mobile order has basically realized "from chaos to governance"——

Crack down on illegal w88 mobile activities，The "Regulations on Preventing and Dealing with Illegal Fund-raising" is promulgated，Work together to manage together、Group prevention and group treatment、Everyone does his or her part、A collaborative and comprehensive governance pattern for illegal fund-raising is taking shape。Number of new cases of illegal fund-raising in my country、The amount and number of people involved have been declining for many years。In-depth promotion of special rectification work on P2P online lending，All P2P online lending institutions have ceased operations。

Multiple w88 mobile policies promote the stable development of the real estate market——

In recent years，Affected by multiple factors，There are adjustments in my country’s real estate market。Promote the steady development of the real estate market，It has become an important task to effectively prevent and resolve major economic and w88 mobile risks。

Cooperate with the launch of 350 billion yuan of special loans for guaranteed delivery of buildings、Establish a 200 billion yuan guaranteed housing loan support plan、Establish a 100 billion yuan rental housing loan support plan、Reasonably optimize the down payment ratio and loan interest rate requirements、Steadyly lower the existing first-home mortgage interest rates...w88 mobile "combination punch" exerts force，Promote the stable and healthy development of the real estate market。

Prevent and resolve w88 mobile risks，Not only focus on key areas，It is even more important to establish and improve a long-term mechanism。

Start with rectifying shareholders’ equity，Strengthening corporate governance of w88 mobile institutions；Introduced the "Trial Measures for the Supervision and Management of w88 mobile Holding Companies", "Measures for the Assessment of Systemically Important Banks", "Measures for the Assessment of Systemically Important Insurance Companies"...treating both the symptoms and the root causes，Fill in regulatory shortcomings，Build a strong w88 mobile safety net。

“Adhere to bottom-line thinking，Enhance system concept，Focus on resolving risks in key areas，Strictly adhere to the bottom line of preventing systemic risks。The current operation of my country’s w88 mobile industry is generally stable，Work to prevent and resolve risks is progressing in an orderly manner。"w88 online live casinoThe relevant person in charge of the State Administration of w88 mobile Supervision and Administration said。

w88 mobile reform and opening up are further advanced

Continue to deepen the w88 mobile supply-side structural reform，Steadily expanding w88 mobile opening...since the 18th National Congress of the Communist Party of China，my country’s w88 mobile reform and opening up are advancing in an orderly manner，A new major breakthrough。

The w88 mobile regulatory system continues to improve——

May 18，The State Administration of w88 mobile Supervision and Administration is officially listed，An important step has been taken in the new round of w88 mobile regulatory agency reform。

Establishment of the Central w88 mobile Commission、Establishment of the Central w88 mobile Working Committee、Establishment of the State w88 mobile Supervision and Administration Bureau、Deepen the reform of local w88 mobile supervision system、The China Securities Regulatory Commission was adjusted to an agency directly under the State Council...in March this year，Central Committee of the Communist Party of China、The State Council issued the "Plan for the Reform of Party and State Institutions"，Many of them involve the field of w88 mobile supervision。

Industry insiders pointed out，Establishment of the w88 mobile Stability and Development Committee of the State Council from the last round of w88 mobile regulatory reform、Establishment of China Banking and Insurance Regulatory Commission，This round of w88 mobile regulatory landscape is undergoing major adjustments again，In recent years, our country has continuously deepened the reform of the w88 mobile regulatory system，Promote unification of regulatory standards、Improved supervision efficiency。

System reform in the w88 mobile sector continues to make efforts——

Establish a science and technology innovation board and pilot a registration system，Support and encourage “hard technology” companies to go public；GEM reform and pilot registration system，Continuously improve support and services for innovative and entrepreneurial enterprises；Establishment of Beijing Stock Exchange，Building a service-innovative position for small and medium-sized enterprises...focusing on the supply side，Find out the key points of w88 mobile services，Capital market reform continues to deepen。

In recent years，Reform has become a high-frequency word in the w88 mobile field。Promoting the loan market prime rate (LPR) reform，To continue to improve the corporate governance of w88 mobile institutions，Making significant progress from the third pillar pension insurance reform pilot，To the full implementation of the stock issuance registration system reform，A series of reforms have laid an institutional foundation for promoting high-quality w88 mobile development。

w88 mobile opening-up is fast and steady——

Start Shanghai-Shenzhen-Hong Kong Stock Connect、Shanghai-London Stock Connect、Mainland and Hong Kong Bond Connect、Interchange Pass，Chinese bonds included in the world’s three major bond indexes，Relax restrictions on the shareholding ratio of foreign financial institutions in China，Significantly expanding the business scope of foreign financial institutions...in recent years，my country’s financial w88 mobilemarket shows a more open attitude，Foreign-funded institutions continue to increase investment in China。

“China’s w88 mobile market has sent a clear signal of opening up to the international community，Also promotes a more complete global w88 mobile governance system，Significantly enhanced global market confidence。" said Li Jiange, Director General of the Global Wealth Management Forum。

Data display，As of the end of September this year，202 banks from 52 countries and regions have established institutions in China；From 2020 to the end of September 2023，Foreign-funded banks in China increased (injected) capital in total to 187.300 million yuan。As of the end of September this year，A total of 1,110 overseas institutions have entered the Chinese bond market，Holding China Bonds 3.3 trillion yuan。

RMB internationalization is making steady progress。Society for Worldwide Interbank w88 mobile Telecommunication (SWIFT) data display，September 2023，RMB accounts for 5% in global trade finance.8%，1 year-on-year increase.6 percentage points，Ranked to second place。

Finance is an important core competitiveness of the country。Under the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era，All localities and departments actively promote high-quality w88 mobile development，The road to w88 mobile development with Chinese characteristics will surely become wider and wider、The further you go, the better，Provide strong support for Chinese modernization。(Reporter Zhao Xiaohui、Li Yanxia、Wu Yu、Liu Hui)