Core Viewpoint - The article highlights the significant achievements and developments of the People's Bank of China (PBOC) in managing the national treasury over the past 40 years, emphasizing the importance of legal frameworks, organizational structures, technological advancements, and service improvements in supporting economic and social development. Group 1: Achievements in Treasury Management - The PBOC has continuously innovated in treasury systems, technology, and management, enhancing the treasury's role in budget execution and contributing positively to economic and governance modernization [2][4][6]. - A comprehensive legal framework has been established, including the "National Treasury Regulations" and other laws, which solidify the PBOC's role in treasury management [2][3]. - The PBOC has developed a five-tier treasury organizational system, with 4,271 treasury offices established nationwide, ensuring effective management and oversight [3]. Group 2: Technological Advancements - The PBOC has built a modern treasury information technology platform, transitioning from manual to automated processes, significantly improving budget execution efficiency [4][6]. - The integration of new technologies such as artificial intelligence and big data into treasury operations has enhanced data sharing and operational efficiency [4][6]. Group 3: Service to Government and Society - The treasury has established a unified accounting system and standardized processes, with budget funds processed exceeding 100 trillion yuan by 2021, reflecting a 10.6% annual growth since the 18th National Congress [5]. - The PBOC has effectively managed cash flow and supported major tax reforms, facilitating over 2.4 trillion yuan in VAT refunds in 2022 alone [6][7]. Group 4: Strengthening Supervision and Governance - The PBOC has enhanced its supervisory framework, ensuring compliance and risk management through a collaborative approach with relevant departments [8][9]. - Continuous improvement in legal and regulatory frameworks has been emphasized to adapt to new business models and ensure effective treasury operations [10][11]. Group 5: Future Directions - The PBOC aims to deepen the integration of treasury management with national economic policies, focusing on high-quality development and modernization of the treasury system [14][18]. - Emphasis on technological empowerment and legal frameworks will be crucial for enhancing treasury capabilities and meeting public service demands [16][17].
奋力开创国库高质量发展新局面
Jin Rong Shi Bao·2025-08-08 07:56