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潘功胜、李云泽、吴清、朱鹤新同日发声
财联社·2025-09-22 09:16

Core Viewpoint - The article discusses the current state and future direction of China's financial system during the 14th Five-Year Plan, emphasizing stability, reform, and the enhancement of international financial influence. Group 1: Financial System Stability - China's financial system is overall stable, with financial institutions remaining healthy and the financial market operating smoothly [3] - As of June, the total assets of China's banking sector reached nearly 470 trillion yuan, ranking first in the world [4] Group 2: Regulatory Developments - The China Securities Regulatory Commission (CSRC) has introduced over 60 supporting regulations, fundamentally restructuring the basic system and regulatory logic [7] - The banking and insurance sectors have provided an additional 170 trillion yuan in funding to the real economy over the past five years [8] Group 3: Market Performance and Investor Confidence - The annualized volatility of the Shanghai Composite Index is 15.9%, a decrease of 2.8 percentage points compared to the 13th Five-Year Plan [9] - The market capitalization of technology companies in A-shares has increased, with their share rising to over 25% [9] - Foreign investment in A-shares has reached 3.4 trillion yuan, indicating an expanding capital market [9] Group 4: Foreign Exchange and Cross-Border Trade - Since the beginning of the 14th Five-Year Plan, China's foreign exchange reserves have remained stable at over 3 trillion USD [12] - By the end of July, foreign institutions and individuals held over 10 trillion yuan in domestic stocks, bonds, and deposits [12] - The use of the renminbi in cross-border trade has increased to nearly 30% [12]