同日，中国证监会召开党委（扩大）会议，认真传达学习党的二十届四中全会精神，按照金融系统学习贯彻党的二十届四中全 会精神会议的工作要求，研究部署贯彻落实举措。 10月24日，中国人民银行党委召开会议，传达学习党的二十届四中全会精神。 会议强调，构建科学稳健的货币政策体系，动态 完善货币政策框架；拓展丰富中央银行宏观审慎和金融稳定功能，维护股市、债市、汇市等金融市场平稳运行；稳步推进数字 人民币研发和应用。 央行：维护股市、债市、汇市等金融市场平稳运行 10月24日，中国人民银行党委书记、行长潘功胜主持召开党委会议，传达学习习近平总书记在党的二十届四中全会上的重要讲 话和全会精神，落实主要金融单位学习贯彻党的二十届四中全会精神会议要求，研究部署贯彻落实举措。中国人民银行各党委 委员参加会议。 会议认为，党的二十届三中全会以来，在经济运行的关键时点，党中央沉着应对、果断决策，部署推出增量政策，有效稳就 业、稳企业、稳市场、稳预期，党和国家事业取得新的重大成就。 中国人民银行按照党中央部署，先后出台一揽子货币政策举 措，加强逆周期调节，保持流动性充裕，坚定支持股市、债市、汇市等金融市场稳定运行，为经济稳定增长创造了良 ...

Core Viewpoint - The 20th Central Committee's Fourth Plenary Session has outlined a grand development blueprint for the "14th Five-Year Plan" period, emphasizing high-quality development and providing fundamental guidelines for various work areas [1] Group 1: Economic and Financial Development - During the "14th Five-Year Plan" period, China has achieved historic accomplishments in economic and social development, accelerating the pace of building a strong nation through Chinese-style modernization [1] - The inclusive finance sector has seen significant growth in loans to small and micro enterprises, expanding coverage and providing strong support for stabilizing employment, ensuring livelihoods, and promoting consumption [1] Group 2: Future Directions and Responsibilities - The inclusive finance sector is committed to embodying the political and people-oriented nature of financial work, aiming to provide essential services to the public [1] - The focus will be on online, intelligent, centralized, and ecological development, exploring high-quality development paths for inclusive finance [1] - The sector aims to enhance financial services to various business entities, supporting the construction of a modern industrial system and a robust domestic market [1]

Core Insights - The 2025 Financial Street Forum Annual Conference will be held in Beijing, focusing on "Innovation, Transformation, and Reshaping Global Financial Development" [1] - Beijing Financial Street is revitalizing its role in the new era, aiming to become a highland for asset management and contributing to the construction of a financial powerhouse [1][2] Group 1: Financial Street's Role and Contributions - Beijing Financial Street is a key area for financial institutions and talent, managing over 20 trillion yuan in assets, accounting for about half of the city's total and one-eighth of the national total [2] - The financial sector in Beijing achieved an added value of 670 billion yuan in the first three quarters of this year, representing a 9% year-on-year growth, with Financial Street making a significant contribution [2] - Financial Street is home to over 260 asset management institutions, forming a comprehensive asset management system across banking, securities, and insurance sectors [2] Group 2: Future Development Plans - Financial Street aims to build a more resilient, dynamic, and international financial system, enhancing its ability to attract global financial resources and foreign institutions [3] - The area is focused on improving capital market functions and supporting the listing and market value management of quality enterprises, particularly benefiting small and innovative businesses [3] Group 3: Open and Global Engagement - Financial Street has established a framework for institutional, business, and market openness, contributing nearly 70% of Beijing's financial tax revenue and about 35% of its financial added value [4] - The 2025 Financial Street Forum will host over 400 important guests from more than 30 countries and regions, with innovative overseas sub-forums set up in cities like Hong Kong and New York [4][5] - This initiative reflects Financial Street's expanding global network and commitment to high-level financial openness [5] Group 4: Financial Development Strategies - Financial Street is actively pursuing the "Five Major Articles" of financial development, focusing on high-quality growth paths [7] - The area is developing a technology finance hub, with an average annual growth rate of 15% in loans to technology enterprises during the 14th Five-Year Plan period [7] - Efforts are being made to enhance green finance services, with the district leading in various green development indicators [7]

Core Viewpoint - The meetings held by financial regulatory authorities emphasize the importance of implementing the spirit of the 20th Central Committee's Fourth Plenary Session, focusing on risk prevention and enhancing regulatory measures to ensure financial stability and support high-quality economic development [3][4][5]. Group 1: Financial Regulatory Measures - The National Financial Supervision Administration stresses the need to fulfill the primary responsibility of risk prevention and to maintain a bottom line against systemic financial risks [3][4]. - The meeting highlighted the importance of strengthening the "five major regulations" to enhance the foresight, precision, effectiveness, and coordination of financial supervision [4][5]. - There is a commitment to improve the system for preventing and resolving risks in key areas, ensuring that the financial sector contributes more to the modernization goals of socialism [4][5]. Group 2: External Economic Policies - The State Administration of Foreign Exchange (SAFE) aims to support the consolidation of economic recovery by introducing supportive policies and expanding high-level institutional openness in the foreign exchange sector [6][7]. - SAFE emphasizes the importance of maintaining a stable foreign exchange market and ensuring the security of national economic and financial systems through comprehensive regulatory measures [8][9]. - The agency plans to enhance the foreign exchange policy framework to better support the real economy and facilitate cross-border trade and investment [8][9]. Group 3: Future Work Plans - The financial regulatory bodies are tasked with ensuring the completion of annual work objectives and planning for the upcoming "15th Five-Year Plan" period to promote stable financial operations [5][9]. - There is a focus on aligning financial services with the real economy and enhancing the efficiency of resource allocation in the foreign exchange market [8][9]. - The meetings call for a unified approach to learning and implementing the spirit of the 20th Central Committee's Fourth Plenary Session across the financial system [5].

Core Points - The meeting led by Zhu Hexin emphasized the importance of the 20th Central Committee's Fourth Plenary Session, highlighting its role in guiding the "14th Five-Year Plan" and the upcoming "15th Five-Year Plan" for China's modernization efforts [1][2] - The meeting recognized the significant achievements during the "14th Five-Year" period, attributing them to the leadership of the Communist Party and the guiding principles of Xi Jinping's thought [2] - The "15th Five-Year" period is deemed crucial for solidifying the foundation of socialist modernization, with a focus on financial stability and high-quality development [2][4] Financial Management Strategies - The meeting outlined the need for centralized leadership in foreign exchange management, emphasizing the importance of the "two establishments" and the "four consciousnesses" [3] - It stressed the necessity of supporting high-quality economic development through reforms in foreign exchange policies and enhancing the financial services for the real economy [3] - The meeting called for expanding high-level openness in foreign exchange, promoting the internationalization of the Renminbi, and supporting trade innovation [3] Market Stability and Security - The meeting highlighted the importance of maintaining stability in the foreign exchange market and ensuring the safety of the national economy and financial system [4] - It proposed a dual management approach combining macro-prudential and micro-regulatory measures to monitor cross-border capital flows and maintain the Renminbi's stability [4] - The meeting emphasized the need for strict enforcement against illegal activities in the foreign exchange sector and the importance of safeguarding foreign exchange reserves [4]

Core Points - The meeting emphasized the importance of the 20th Central Committee's Fourth Plenary Session, which is a significant mobilization for advancing Chinese-style modernization and will have a profound impact on the development of the Party and the country [1] - The session approved the proposal for the 15th Five-Year Plan, which aims to ensure decisive progress in achieving socialist modernization and reflects the leadership of the Party under Xi Jinping [1] Group 1 - The meeting highlighted the need to adhere to the centralized and unified leadership of the Party on financial work and to accelerate the construction of a financial power, contributing more to the decisive progress in achieving socialist modernization [2] - It was stressed that the primary responsibility for risk prevention must be fulfilled, with a focus on improving mechanisms to prevent and resolve risks in key areas, ensuring that systemic financial risks are avoided [2] - The meeting called for a strong regulatory approach, enhancing the forward-looking, precise, effective, and coordinated nature of financial supervision [2] Group 2 - Learning and implementing the spirit of the 20th Central Committee's Fourth Plenary Session is a major political task for the entire system in the current and future periods [3] - The meeting urged for high standards in promoting the learning and implementation of the session's spirit, ensuring that the outcomes of this learning translate into effective regulatory practices [3] - It emphasized the need to align with the key goals and tasks set at the beginning of the year, ensuring the completion of this year's and the 14th Five-Year Plan's work while planning for the next year's and the 15th Five-Year Plan's initiatives [3]

● 本报记者 昝秀丽 会议要求，证监会系统要把学习好贯彻好全会精神作为当前和今后一个时期的重大政治任务，精心组织 学习培训，全面加强宣讲解读，推动全会精神在全系统入脑入心。要对标对表全会部署，大兴调查研 究，科学谋划"十五五"时期资本市场战略任务和重大举措。同时，要全力以赴完成全年工作目标，做 好"十四五"资本市场任务的圆满收官，为资本市场"十五五"时期高质量发展实现良好开局起步打下坚实 基础。 会议认为，党的二十届四中全会是在我国即将胜利完成"十四五"主要目标任务，进入基本实现社会主义 现代化夯实基础、全面发力的关键时期召开的一次重要会议。习近平总书记在全会上的重要讲话高屋建 瓴、思想深邃、视野宏阔，深刻回答了基本实现社会主义现代化的一系列方向性、根本性重大问题，为 今后五年我国发展指明了方向与路径，具有很强的政治性、思想性、指导性。全会审议通过的《中共中 央关于制定国民经济和社会发展第十五个五年规划的建议》，科学分析了新时期世情国情，对未来五年 经济社会发展作出顶层设计和战略擘画，是乘势而上、接续推进中国式现代化建设的又一次总动员、总 部署。 会议强调，证监会系统要认真贯彻落实习近平总书记重要讲话精神和全 ...

《 人民日报 》（ 2025年10月25日 04 版） 何立峰强调，要扎实做好四季度金融工作，紧盯风险、严防"爆雷"，巩固严监管氛围，加力支持经济发 展，全力推动实现全年经济社会发展主要目标任务，助力"十四五"圆满收官，为顺利开启"十五五"提供 有力支撑。 新华社北京10月24日电 金融系统学习贯彻党的二十届四中全会精神会议10月24日在京召开。中共中央 政治局委员、中央金融委员会办公室主任何立峰出席会议并讲话。他强调，金融系统要把学习宣传贯彻 全会精神作为当前和今后一个时期的重大政治任务，迅速兴起学习热潮，分层分级、分期分批组织开展 全覆盖培训，推动全会精神在全系统入脑入心。要抓紧研究谋划"十五五"时期金融重点工作，准确把 握"十五五"时期金融工作的主要目标和面临的形势任务，持续深入贯彻落实好中央金融工作会议精神特 别是习近平总书记关于做好金融工作的系列重要讲话精神，时刻谨记金融工作的政治性、人民性，始终 牢牢把握防风险、强监管、促高质量发展工作主线，坚定不移走中国特色金融发展之路，加快构建中国 特色现代金融体系，推动金融强国建设取得新的重大进展。 (责编：胡永秋、杨光宇) ...

Core Viewpoint - The meeting emphasized the importance of enhancing the resilience and risk resistance of the capital market, improving the inclusiveness and adaptability of market systems, and strengthening regulatory effectiveness to better serve the "14th Five-Year Plan" development goals and the construction of a financial power [1][2][3] Group 1: Capital Market Resilience and Risk Management - The focus is on cultivating high-quality listed companies and improving the market ecology for long-term investments, while establishing mechanisms to stabilize the market [3] - The meeting highlighted the need to enhance the capital market's resilience and risk resistance capabilities [3] Group 2: Regulatory Effectiveness and Market Adaptability - There is a commitment to deepen reforms in the Sci-Tech Innovation Board and the Growth Enterprise Market, and to strengthen the functions of the bond and futures markets [3] - The regulatory framework will be improved to effectively combat various securities and futures violations, with an emphasis on digital and intelligent regulation [3] Group 3: Capital Market Opening and International Cooperation - The meeting called for a balanced approach to opening up the capital market while ensuring security, promoting bilateral openness of markets, products, and institutions [3] - It aims to enhance international regulatory cooperation and improve risk prevention and regulatory capabilities in an open environment [3] Group 4: Party Discipline and Team Building - The meeting stressed the importance of strengthening the party's discipline and the construction of the regulatory team, ensuring accountability in party governance [3] - There is a focus on maintaining a balance between strict management and support, aiming to build a competent regulatory team [3] Group 5: Strategic Planning for the 15th Five-Year Plan - The meeting outlined the need for scientific planning of the capital market's strategic tasks and major initiatives for the 15th Five-Year Plan [4] - It emphasized the importance of achieving the annual work goals and ensuring a solid foundation for high-quality development in the capital market during the 15th Five-Year Plan [4]

Core Viewpoint - The China Securities Regulatory Commission (CSRC) emphasizes enhancing the resilience and risk resistance of the capital market, improving the inclusiveness and adaptability of market systems, and strengthening regulatory effectiveness and deterrence, while promoting deeper and higher-level market openness [1][2]. Group 1: Capital Market Resilience and Risk Management - The CSRC aims to cultivate a high-quality group of listed companies and improve the market ecology for long-term investments, thereby strengthening the internal foundation for market stability [2]. - The focus is on enhancing the resilience and risk resistance of the capital market through comprehensive reforms in investment and financing [2]. Group 2: Market System Improvement - The CSRC plans to deepen reforms in the Sci-Tech Innovation Board and the Growth Enterprise Market, leveraging the functions of multi-tiered equity markets such as the New Third Board and private equity [2]. - There is an emphasis on reinforcing the functions of the bond and futures markets to improve the overall market system [2]. Group 3: Regulatory Effectiveness - The CSRC intends to intensify the crackdown on various illegal activities in securities and futures, advancing digital and intelligent regulation to enhance regulatory efficiency and investor protection [2]. - The focus is on strict law enforcement and improving the legal framework of the capital market [2]. Group 4: Market Openness - The CSRC aims to promote a higher level of openness in the capital market, balancing openness with security, and advancing the dual-directional opening of markets, products, and institutions [2]. - There is a commitment to building a world-class exchange and supporting Hong Kong's status as an international financial center [2]. Group 5: Party Discipline and Team Building - The CSRC emphasizes strengthening party discipline and the construction of its workforce, ensuring accountability in political responsibilities and promoting a culture of integrity [2]. - The focus is on continuous improvement in the regulatory team's capabilities and effectiveness [2][3].