Group 1: Achievements in Financial Development - As of June 2023, China's banking sector total assets reached nearly 470 trillion yuan, ranking first in the world; stock and bond market sizes are second globally; foreign exchange reserves have been the largest for 20 consecutive years [2] - The average annual growth rate of micro and green loans exceeds 20% [5] - Over the past five years, the banking and insurance sectors provided an additional 170 trillion yuan in funding to the real economy [10] Group 2: Financial System Reform and Regulation - The establishment of the Central Financial Committee and the Central Financial Work Committee has strengthened the centralized leadership of the Party over financial work [3] - The financial regulatory framework has been significantly enhanced, with 22,000 institutions penalized and 210 billion yuan in fines imposed [11] - The financial sector has seen a structural reform on the supply side, with a focus on developing a multi-level financial market and optimizing financial structure [5] Group 3: Capital Market Development - The capital market has established a robust legal framework, with the implementation of laws such as the Futures and Derivatives Law and regulations for private equity funds [13][14] - The A-share market's total market value surpassed 100 trillion yuan for the first time in August 2023 [15] - Over the past five years, the direct financing ratio has steadily increased, with more than 90% of newly listed companies being technology-oriented [17] Group 4: Foreign Exchange Management - The international balance of payments has remained stable, with the current account surplus to GDP ratio maintained within a reasonable range [21] - The foreign exchange service environment has been optimized, with significant improvements in the convenience of foreign exchange services [22] - Foreign exchange reserves have consistently remained above 3 trillion USD, serving as a stabilizing force for the economy [25]

Group 1 - The report highlights significant achievements in the financial industry during the "14th Five-Year Plan" period, emphasizing both scale and quality improvements in financial services [1][9][10] - By June 2025, China's banking sector total assets reached nearly 470 trillion yuan, ranking first globally, while the stock and bond markets ranked second [11][10] - The report indicates that the direct financing ratio increased to 31.6%, up by 2.8 percentage points from the end of the "13th Five-Year Plan" [11][16] Group 2 - The report suggests five key investment areas based on the achievements of the "14th Five-Year Plan" and trends for the "15th Five-Year Plan": financial technology, capital market services, green finance, technology finance, and cross-border finance [2][25][26] - Financial technology is highlighted as a leading area, with mobile payments at an international forefront and steady progress in digital currency development [2][25] - Green loans grew at an average annual rate exceeding 20% during the "14th Five-Year Plan," with expectations for continued rapid growth in the "15th Five-Year Plan" [2][26] Group 3 - The report emphasizes the significant enhancement of financial services to the real economy, with loans to high-tech enterprises reaching nearly 19 trillion yuan, growing at an annual rate exceeding 20% [14][15] - The capital market's role in supporting technological innovation has accelerated, with over 90% of newly listed companies being technology-related [15][16] - The financial risk prevention and regulatory system has evolved, with a notable reduction in high-risk institutions and assets, ensuring that risks remain controllable [16][19] Group 4 - The report outlines a new pattern of institutional opening in the financial sector, with the removal of foreign ownership limits and an increase in foreign investment in A-shares [20][21] - By July 2025, foreign institutions and individuals held over 10 trillion yuan in domestic stocks and bonds, indicating a growing international presence in China's financial markets [20][21] - The report also notes the deepening of foreign exchange management reforms, facilitating cross-border investment and financing needs [21][24]

Core Insights - The "14th Five-Year Plan" period has seen significant achievements in China's financial sector, with total banking assets reaching nearly 470 trillion yuan, ranking first globally, and stock and bond market sizes ranking second globally [2][3] Financial Sector Achievements - As of June, China's banking and insurance sector assets exceeded 500 trillion yuan, with an average annual growth of 9% over the past five years [3] - The financial system has become more robust, with 143 Chinese banks listed among the global top 1000, and 6 out of the top 10 banks being Chinese [3] - The financial governance system has been modernized, enhancing the quality, efficiency, and inclusiveness of financial services [2][3] Capital Market Developments - The capital market has seen steady growth in both quantity and quality, with a well-structured regulatory framework established [4] - The A-share market's total market value surpassed 100 trillion yuan for the first time in August [4] - The introduction of various innovative financial products has enriched the bond market [4] Regulatory Environment - The China Securities Regulatory Commission (CSRC) has intensified its enforcement actions, issuing 2,214 administrative penalties during the "14th Five-Year Plan" period, with fines totaling 41.4 billion yuan, marking increases of 58% and 30% respectively compared to the previous five-year period [5] Foreign Exchange Reserves and Market - China's foreign exchange reserves have remained stable above 3 trillion USD, with recent figures exceeding 3.2 trillion USD [6] - The cross-border payment and settlement network has been established, enhancing the efficiency of cross-border transactions [2][6] - The foreign exchange market has expanded significantly, with a trading volume of 41 trillion USD in 2024, a 37% increase from 2020 [6] Future Directions - The focus will be on enhancing the efficiency of trade foreign exchange receipts, facilitating cross-border investment and financing, and improving banks' foreign exchange service capabilities [7] - The aim is to create a market-oriented, law-based, and internationalized foreign exchange business environment [7]

Core Insights - China's banking industry has the largest total assets in the world, reaching nearly 470 trillion yuan, and has made significant advancements in green finance, inclusive finance, and digital finance [4][5] - The financial governance system and capabilities have modernized, enhancing the quality, efficiency, and inclusiveness of financial services [3][4] - The financial sector has provided 170 trillion yuan in new funds to the real economy during the "14th Five-Year Plan" period, with a focus on supporting key areas and weak links in economic and social development [5][6] Financial Sector Achievements - The banking and insurance sectors have seen an annual growth rate of 9% over the past five years, with total assets exceeding 500 trillion yuan [7][10] - The average annual growth rates for loans to technology SMEs, inclusive microloans, and green loans have surpassed 20% [4] - The stock and bond markets rank second globally, with direct financing accounting for 31.6% of total financing, an increase of 2.8 percentage points from the end of the "13th Five-Year Plan" [5][7] International Financial Position - China's foreign exchange reserves have remained above 3 trillion USD, providing stability and support for the economy [8][9] - The RMB has become the largest settlement currency for China's foreign trade and ranks among the top three trade financing currencies globally [9] - The number of foreign institutions and individuals holding domestic stocks, bonds, and deposits has exceeded 10 trillion yuan, indicating increased foreign investment [9] Risk Management and Stability - The financial sector has effectively managed and resolved several prominent risk points, with non-performing asset disposal increasing by over 40% compared to the "13th Five-Year Plan" period [10] - Key regulatory indicators such as non-performing loans and capital adequacy are stable and within a healthy range, enhancing the industry's resilience to risks [10]

深圳商报记者 钟国斌 潘功胜表示，"十四五"期间，科技型中小企业贷款、普惠小微贷款、绿色贷款年均增速超过20%。特别 是2024年9月中央政治局会议以来，人民银行按照中央部署，出台了一系列货币金融政策举措，有效稳 定市场预期、提振信心，推动经济持续回升向好和高质量发展。 同时，我国在绿色金融、普惠金融、数字金融等方面走在世界前列，基本建成多渠道、广覆盖、安全高 效的人民币跨境支付清算网络，移动支付处于国际领先水平。 为实体经济提供资金170万亿元 李云泽介绍，"十四五"以来，金融运行总体稳健，不良贷款、资本充足、偿付能力等主要监管指标稳中 向好。五年来，我国银行业保险业总资产超过500万亿元，五年来平均增长近9%，全球最大信贷和第二 大保险市场地位更加稳固。 A股科技板块市值占比超过1/4 国务院新闻办公室9月22日下午3时举行"高质量完成'十四五'规划"系列主题新闻发布会，中国人民银行 行长潘功胜，金融监管总局局长李云泽，证监会主席吴清，中国人民银行副行长、国家外汇局局长朱鹤 新介绍"十四五"时期金融业发展成就，并答记者问。 我国银行业总资产位居世界第一 潘功胜介绍，"十四五"期间，我国金融事业取得新的重大 ...

Core Viewpoint - The 2025 China International Consumer Electronics Expo showcased the innovative digital financial services of the Bank of Communications Qingdao Branch, emphasizing the integration of digital finance into consumer markets through various interactive experiences and products [1][16]. Group 1: Digital Financial Services - The Bank of Communications Qingdao Branch presented a unique exhibition area themed "Digital Finance for a Shared Future," featuring four main components: digital currency experience, digital financial ecosystem service points, personal digital financial services, and financial technology product systems [1]. - The exhibition highlighted the role of digital finance in revitalizing the consumer market, with interactive elements such as social security service robots and digital RMB experiences [1][12]. Group 2: Innovative Consumer Engagement - The social security service robots, designed as a couple, attracted significant attention and were part of a promotional campaign linking financial services with consumer experiences, particularly in the wedding sector [3][5]. - The exhibition included a marriage-themed photo spot, which became popular among young visitors, enhancing the engagement of the target demographic [5][6]. Group 3: Comprehensive Service Network - The digital financial ecosystem service point showcased a transformation of service outlets into comprehensive platforms that integrate government services, public welfare, and consumer finance, aiming to embed financial services into everyday consumer scenarios [8]. - The "安居三部曲" service was presented, which includes housing loans, car loans, and benefit loans, addressing the needs of families seeking to upgrade their consumption [8]. Group 4: Consumer-Centric Financial Products - The "交心惠伴" financial service brand was introduced, focusing on three main areas: wedding consumption, daily life support, and business empowerment, creating a holistic consumer service ecosystem [10]. - The brand aims to support various consumer needs, from wedding planning to everyday expenses, thereby contributing to the local economy [10]. Group 5: Digital Currency Experience - The digital RMB experience area was a highlight, featuring a promotional event where visitors could enjoy coffee for just one cent using digital currency, which drew significant participation [12]. - Over 400 digital RMB wallets were opened during the event, with nearly 500 transactions made, showcasing the growing acceptance and use of digital currency in consumer settings [12]. Group 6: Future Directions - The Bank of Communications Qingdao Branch aims to leverage the outcomes of the expo to deepen digital financial innovation, focusing on promoting consumption, enhancing public welfare, and strengthening the real economy [16].

Core Viewpoint - The "14th Five-Year Plan" period has seen significant advancements in China's financial governance, with improvements in the quality, efficiency, and inclusiveness of financial services, while maintaining systemic financial risk stability and enhancing international competitiveness [2][3][4]. Financial Support to the Real Economy - During the "14th Five-Year Plan," the banking and insurance sectors provided an additional 170 trillion yuan to the real economy, with annual growth rates of 27.2% for technology loans, 21.7% for manufacturing long-term loans, and 10.1% for infrastructure loans [4]. - The balance of inclusive small and micro enterprise loans reached 36 trillion yuan, 2.3 times that of the end of the "13th Five-Year Plan," with interest rates decreasing by 2 percentage points [4]. Capital Market Developments - Over the past five years, the total financing through stock and bond markets reached 57.5 trillion yuan, with a direct financing ratio of 31.6%, an increase of 2.8 percentage points from the end of the "13th Five-Year Plan" [4]. - The A-share market's total market value surpassed 100 trillion yuan for the first time [6]. Foreign Exchange and Cross-Border Investment - The foreign exchange service environment has improved significantly, with the number of enterprises able to handle business with instructions increasing more than fivefold since the end of 2020 [5]. - As of July, foreign institutions and individuals held over 10 trillion yuan in domestic stocks, bonds, and deposits [9]. Financial Industry Opening Up - The financial sector has seen steady progress in high-level two-way opening up, with foreign investment in A-shares reaching 3.4 trillion yuan and 13 foreign-controlled securities and fund institutions approved to operate in China during the "14th Five-Year Plan" [9]. - The renminbi has become the largest settlement currency for China's external payments and ranks third in the IMF's Special Drawing Rights basket [9]. Risk Management and Financial Stability - The financial sector has effectively managed and resolved several prominent risk points, with the disposal of non-performing assets increasing by over 40% compared to the "13th Five-Year Plan" [10]. - Key regulatory indicators such as non-performing loans and capital adequacy are stable and within a healthy range, with total capital and provisions exceeding 50 trillion yuan [10].

企业发展，少不了贷款。可贷款从哪里来？可以从"数"中来。 提升融资服务的可得性精准性，数字技术是填平"信息鸿沟"的好工具。如今积极发展数字金融，就是要 连通"数据孤岛"，实现银企双赢。调研时，不少银行客户经理说，最开始接到"推荐清单"时，以为 是"摊派任务"。一走访才发现，清单上的企业确实有发展前景、有资金需求，服务效率大幅提升。现实 情况在变，企业需求在变，利用新技术更好满足客户的多样化、动态化需求，金融业才能不断开辟高质 量发展的新空间。 进一步讲，每一笔融资业务的背后，都有高质量发展的挖潜空间。比如，一家砂石开采企业曾受到行政 处罚，这个"污点"影响了后续经营。当地融资协调工作机制专班了解情况后，协调有关部门辅导企业完 成信用修复，企业得以轻装再出发。再如，针对企业反映集中的贷款到期"过桥"难题，浙江、山东等地 将落实无还本续贷政策嵌入协调工作机制，企业得以减负。进一步加强支撑保障，做好更有力度、温度 的金融服务，不断为破解经营主体融资难问题贡献新思路、新办法、新机制，金融活水才能更好浇灌高 质量发展沃土。 金融活则经济活，好政策要重落实。加强央地协同、用好数据手段、各领域汇聚合力，定能更好推动惠 企政 ...

Core Insights - The "14th Five-Year Plan" period has seen significant advancements in China's financial governance system and capabilities, enhancing the quality, efficiency, and inclusiveness of financial services while maintaining systemic financial risk stability [1][8]. Financial Sector Achievements - During the "14th Five-Year Plan," the banking and insurance sectors provided an additional 170 trillion yuan to the real economy, with annual growth rates for technology SMEs loans, inclusive micro-loans, and green loans exceeding 20% [2][3]. - As of June 2023, the total assets of the banking sector reached nearly 470 trillion yuan, ranking first globally, while the stock and bond markets ranked second [2]. - The insurance sector has paid out 9 trillion yuan in claims, a 61.7% increase compared to the "13th Five-Year Plan" period [3]. Capital Market Developments - The capital market has accelerated support for technological innovation, with over 90% of newly listed companies being technology-related [3]. - The total financing through stock and bond markets reached 57.5 trillion yuan in the past five years, with a direct financing ratio of 31.6%, up by 2.8 percentage points from the end of the "13th Five-Year Plan" [3]. Foreign Exchange and Investment - The foreign exchange service environment has improved significantly, with the number of enterprises able to process transactions based on credit status increasing more than fivefold since the end of 2020 [4]. - As of July 2023, foreign institutions and individuals held over 10 trillion yuan in domestic stocks, bonds, and deposits, with the issuance of panda bonds exceeding 1 trillion yuan [7]. Financial Stability and Risk Management - The financial sector has effectively managed and resolved several prominent risk points, with the disposal of non-performing assets increasing by over 40% compared to the "13th Five-Year Plan" [8]. - Key regulatory indicators such as non-performing loans and capital adequacy are stable and within a healthy range, with total capital and provisions exceeding 50 trillion yuan [8].

记者丨 唐婧 编辑丨曾芳 视频丨 许婷婷 王学权 9月22日，国务院新闻办举行"高质量完成'十四五'规划"系列主题新闻发布会，中国人民银行 行长潘功胜，金融监管总局局长李云泽，中国证监会主席吴清，中国人民银行副行长、国家外 汇局局长朱鹤新介绍"十四五"时期金融业发展成就，并答记者问。 潘功胜介绍，五年来，在党中央坚强领导下，我国金融事业取得新的重大成就。金融体制改革 全面深化，顶层设计更加完善，我国金融治理体系和治理能力现代化迈上新台阶；种类齐全、 竞争充分的金融机构、市场、产品体系更加健全，金融服务的质量、效率、普惠性大幅提升； 重点领域金融风险有序化解，守住了不发生系统性金融风险的底线；金融对外开放步伐加快， 我国金融业的国际竞争力和影响力显著增强。 截至今年6月末，中国银行业总资产近470万亿元，位居世界第一；股票、债券市场规模位居世 界第二；外汇储备规模连续20年位居世界第一。我国在绿色金融、普惠金融、数字金融等方面 走在世界前列，基本建成多渠道、广覆盖、安全高效的人民币跨境支付清算网络，移动支付处 于国际领先水平。"十四五"时期，科技型中小企业贷款、普惠小微、绿色贷款年均增速超过 20%。 潘功胜表 ...