FINANCIAL STREET(SZ:000402) Xin Hua She·2025-10-27 15:01Core Viewpoint - The National Financial Regulatory Administration aims to establish a new financial service model that balances direct and indirect financing, investment in goods and people, financing terms aligned with industrial development, and the linkage between domestic and international markets to support economic quality and reasonable growth [1][2]. Group 1: Financial Service Model - The administration will promote a collaborative financial service model focusing on direct and indirect financing [1]. - Emphasis will be placed on supporting major strategies, key areas, and weak links to enhance economic quality and growth [1]. Group 2: Modern Industrial System - The administration will efficiently support the construction of a modern industrial system and the development of new productive forces [1]. - Focus areas include intelligent, green, and integrated development, providing more financial resources for traditional and emerging industries [1]. Group 3: Financial Reform and Opening Up - There will be a commitment to deepen reforms and expand openness in the financial sector to enhance development momentum and vitality [1]. - The administration aims to guide various financial institutions to find their positioning and focus on their main businesses for differentiated development [1]. Group 4: Financial Stability and Risk Management - The administration will consolidate risk disposal achievements and promote the merger and reorganization of small financial institutions [2]. - Efforts will be made to enhance the disposal of non-performing assets and capital replenishment to ensure the stability of the financial system [2]. - A new financing system will be constructed to align with the new model of real estate development, aiding in the resolution of local government debt risks [2].