Core Insights - The financial sector in China has significantly strengthened its comprehensive capabilities and improved service quality during the "14th Five-Year Plan" period, showcasing enhanced international competitiveness and influence [1][2]. Group 1: Industry Strength - As of June 2023, China's banking sector total assets reached nearly 470 trillion yuan, ranking first globally; the stock and bond market sizes are second in the world; and foreign exchange reserves have maintained the top position for 20 consecutive years [2]. - The financial system has undergone comprehensive reforms, with a modernized governance structure and improved regulatory capabilities, leading to a solidified position as the largest global credit market and the second-largest insurance market [2][5]. Group 2: Financial Services to the Real Economy - Over the past five years, the banking and insurance sectors have provided an additional 170 trillion yuan in funding to the real economy through various financing methods [3]. - The total financing from the exchange market for stocks and bonds reached 57.5 trillion yuan, with the direct financing ratio increasing by 2.8 percentage points to 31.6% compared to the end of the "13th Five-Year Plan" [3]. - The balance of inclusive loans to small and micro enterprises reached 36 trillion yuan, 2.3 times that of the end of the "13th Five-Year Plan," with interest rates decreasing by 2 percentage points [3]. Group 3: Risk Prevention and Resolution - The financial system remains generally stable, with significant reductions in the number of high-risk institutions and assets, making risks manageable [5]. - The A-share market has shown enhanced resilience and risk resistance, with the annualized volatility of the Shanghai Composite Index at 15.9%, down 2.8 percentage points from the "13th Five-Year Plan" period [5]. Group 4: Ongoing Financial Reform and Opening-up - Continuous promotion of supply-side structural reforms in finance, including the deepening of reforms in the Sci-Tech Innovation Board and the Growth Enterprise Market, has been emphasized [6]. - By the end of August 2023, various long-term funds held approximately 21.4 trillion yuan in A-share market value, a 32% increase from the end of the "13th Five-Year Plan" [6]. - The financial sector has seen significant foreign participation, with 43 of the world's top 50 banks establishing operations in China and over 10 trillion yuan held by foreign institutions and individuals in domestic stocks, bonds, and deposits [6].
高质量完成“十四五”规划|综合实力更加雄厚 服务质效显著提升——国新办发布会聚焦“十四五”时期金融业发展成就
Sou Hu Cai Jing·2025-09-22 14:30