Core Insights - The financial sector in China has achieved significant accomplishments during the "14th Five-Year Plan" period, focusing on high-quality service for economic and social development, deepening financial reforms, and enhancing governance capabilities [1][2][4] - By the end of June 2023, China's banking sector total assets reached nearly 470 trillion yuan, ranking first globally, with stock and bond market sizes ranking second [1] - The financial services provided to the real economy have greatly improved, with new funding of 170 trillion yuan over five years, and significant growth in loans for scientific research, manufacturing, and infrastructure [2] Financial Sector Achievements - The banking and insurance sectors have provided substantial new funding to the real economy, with annual growth rates of 27.2% for scientific research loans, 21.7% for manufacturing loans, and 10.1% for infrastructure loans [2] - The balance of inclusive loans for small and micro enterprises reached 36 trillion yuan, which is 2.3 times that of the end of the "13th Five-Year Plan" [2] - The A-share market's technology sector now accounts for over 25% of the total market capitalization, significantly higher than the combined market cap of banking, non-banking financial, and real estate sectors [2] Financial Market Reforms - The financial industry has deepened reforms and opened up further, with high-level institutional openness in capital markets and steady progress in the internationalization of the renminbi [2][3] - By the end of July 2023, foreign institutions and individuals held over 10 trillion yuan in domestic stocks, bonds, and deposits, with panda bond issuance exceeding 1 trillion yuan [2][3] Risk Management and Financial Stability - The period has been crucial for transforming old and new growth drivers and adjusting economic structures, with a strong focus on preventing and mitigating financial risks [3][4] - There has been a significant reduction in the number of high-risk financial institutions and assets, with some provinces achieving "dynamic zero" for high-risk small financial institutions [3] - The number of financing platforms has decreased by over 60%, and the scale of financial debt has dropped by over 50% compared to early 2023, indicating a substantial reduction in local government financing platform risks [3] Future Outlook - The financial sector aims to continue enhancing service quality and efficiency, supporting real economy and technological innovation, while promoting high-level financial openness and the internationalization of the renminbi [4]
金融服务实体经济质效齐升,积极助力高质量发展
2 1 Shi Ji Jing Ji Bao Dao·2025-09-22 22:52