构建中国特色现代金融体系——来自2025金融街论坛年会的报道

Group 1: Macro-Prudential Management - The importance of macro-prudential management has been emphasized, especially after the 2008 financial crisis, highlighting that the stability of individual financial institutions does not guarantee overall financial system stability [2] - China has been proactive in establishing a macro-prudential policy framework since 2008, with ongoing enhancements to the monitoring and assessment systems for systemic financial risks [2][3] - The People's Bank of China (PBOC) plans to split the Macro-Prudential Assessment (MPA) into two parts: one focusing on monetary policy execution and the other on macro-prudential and financial stability assessments [2] Group 2: Financial Risk Prevention - Key measures will be taken to strengthen risk prevention in important institutions and sectors, including enhanced supervision of systemically important banks and insurance companies [3] - The PBOC aims to improve the monitoring of leverage levels and liquidity risks in financial institutions to prevent the accumulation of market risks [3] - A focus on real estate financial management will be maintained, with the establishment of a comprehensive analytical framework for real estate finance [3] Group 3: Financial Sector Development - The "14th Five-Year Plan" has achieved significant results in mitigating financial risks, with a commitment to advancing the construction of a financial powerhouse during the "15th Five-Year Plan" period [5] - The goal is to enhance the adaptability of the financial system to the economy, promoting a new model of financial services that balances direct and indirect financing [5] - Continuous reforms and opening-up measures are essential for enhancing the dynamism and vitality of the financial sector, with a focus on differentiated development among various financial institutions [5] Group 4: High-Level Opening-Up - New policies will be introduced to enhance cross-border trade facilitation, expanding pilot programs and optimizing foreign exchange management for trade [8] - The PBOC aims to strengthen the regulatory framework for foreign exchange, utilizing advanced technologies for better monitoring and risk prevention [9] - China's foreign trade is projected to reach a historical high of over $33 trillion this year, with significant growth in foreign exchange market transactions and cross-border capital flows [9]