习近平总书记2023年10月在中央金融工作会议上首次明确提出加快建设金融强国的宏伟目标，2024年1 月又在省部级主要领导干部推动金融高质量发展专题研讨班上进一步对金融强国的主要特征、目标指 向、实践要求等进行了深入系统阐述。党的二十届四中全会对"十五五"时期加快建设金融强国提出明确 要求、作出战略部署，为扎实高效做好"十五五"时期金融工作提供了基本遵循，必须深刻学习领会，不 折不扣抓好贯彻落实。 加快建设金融强国（学习贯彻党的二十届四中全会精神） 加快建设金融强国，是以习近平同志为核心的党中央着眼于以中国式现代化全面推进强国建设、民族复 兴伟业全局，为我国金融事业发展擘画的壮阔蓝图，对于做好新时代新征程金融工作具有极其重大而深 远的指导意义。 一、深刻认识加快建设金融强国的重大意义 加快建设金融强国是全面建成社会主义现代化强国的必然要求。实现社会主义现代化是由各领域分目标 耦合而形成的整体目标，建设金融强国与全面建成社会主义现代化强国之间是局部服从整体、分目标服 务于整体目标的关系。一方面，现代化强国必然是金融强国，金融是国民经济的血脉，是国家核心竞争 力的重要组成部分，是大国博弈的必争之地，社会主义现代化 ...

Core Viewpoint - The article emphasizes the importance of accelerating the construction of a financial power as a strategic goal set by the Chinese government, which is essential for achieving high-quality financial development and supporting the overall modernization of the country [1][15]. Group 1: Significance of Building a Financial Power - Accelerating the construction of a financial power is crucial for the comprehensive modernization of the socialist country, as finance is the lifeblood of the national economy and a key component of national competitiveness [2][16]. - The construction of a financial power is necessary for promoting high-quality development, which is the primary task during the "14th Five-Year Plan" period [3][17]. - Financial security is integral to national security, and the absence of financial crises in China over the past 40 years highlights the importance of a robust financial system [4][18]. Group 2: Theoretical and Practical Requirements - Building a financial power is a pioneering endeavor that requires a systematic, innovative, and practical approach, guided by Xi Jinping's thoughts on socialism with Chinese characteristics [5][19]. - Six key financial elements are essential for a financial power, including a strong currency, a powerful central bank, robust financial institutions, an international financial center, effective financial regulation, and a talented workforce [6][19]. - The path to building a financial power must align with China's unique characteristics and experiences, distinguishing it from Western financial models [7][20]. Group 3: Key Tasks and Measures - Continuous improvement of the central bank system is necessary, including a dual-pillar framework for monetary policy and macro-prudential management [9][23]. - Financial services must be enhanced to support major strategies, key areas, and weak links, particularly in technology independence and green transformation [10][24]. - The health and stability of capital markets must be promoted by improving institutional inclusiveness and adaptability to new industries and technologies [11][25]. - Financial institutions and infrastructure must be optimized to ensure effective service to the real economy and enhance governance [12][26]. - The construction of an international financial center in Shanghai should be accelerated, enhancing its global competitiveness and supporting the development of a cross-border payment system [13][27]. - Financial regulatory capabilities must be improved to ensure comprehensive oversight and early risk detection [14][28].

Core Viewpoint - The 20th Central Committee's Fourth Plenary Session emphasizes the importance of strengthening the financial sector as part of China's modernization and national rejuvenation strategy, with a focus on the development of the futures market as a key component of the modern financial system [1][2]. Group 1: Strategic Planning and Development Goals - The "15th Five-Year Plan" outlines strategic goals for China's development, aiming to reach the level of a moderately developed country by 2035, with a focus on building a modern industrial system and promoting high-level technological self-reliance [3][4]. - The plan highlights the need for steady development of futures, derivatives, and asset securitization, positioning the futures market as integral to national strategy and future economic stability [3][7]. Group 2: Role of Futures Market in Economic Stability - The futures market is recognized for its role in price discovery, risk management, and resource allocation, which are essential for supporting the real economy amid complex external challenges [4][5]. - Macro-yuan Futures aims to enhance service quality in futures and derivatives, contributing to the stability of the real economy and the construction of a financial powerhouse [2][5]. Group 3: Innovation and Service Models - Macro-yuan Futures has developed a unique service model that integrates standardized systems, professional manuals, and scenario-based applications, enhancing client service and risk management capabilities [5][6]. - The company actively promotes the use of futures and options among small and medium-sized enterprises, providing risk management services and reducing transaction fees significantly [5][6]. Group 4: Compliance and Risk Management - The "15th Five-Year Plan" calls for comprehensive financial regulation and risk management, emphasizing the need for futures companies to strengthen compliance and risk management frameworks [9]. - Futures companies are encouraged to embed risk management tools into key operational processes of enterprises, enhancing their ability to manage market price fluctuations effectively [9].

Core Insights - The 20th Central Committee's Fourth Plenary Session emphasizes the importance of strengthening the financial sector as part of China's modernization and national rejuvenation efforts, providing a strategic blueprint for the 14th Five-Year Plan [1][3] - The State Council's recent guidelines aim to enhance regulation and promote high-quality development in the futures market, aligning with the directives from the Fourth Plenary Session [2][3] Group 1: Strategic Development - The "14th Five-Year Plan" outlines key goals and tasks for China's development, aiming for significant progress towards becoming a moderately developed country by 2035, with a focus on building a modern industrial system and promoting high-level technological self-reliance [3][4] - The plan highlights the need for steady development of futures, derivatives, and asset securitization, positioning the futures market as a critical component of national strategy [3][7] Group 2: Service to the Real Economy - The futures market is recognized for its role in risk management and resource allocation, essential for stabilizing and developing the real economy amid complex external and domestic challenges [4][5] - Companies like Hongyuan Futures are integrating deeply into the industrial chain, enhancing supply chain resilience, and providing tailored risk management services to over a thousand industrial clients [5][6] Group 3: Financial Innovation and Inclusivity - Hongyuan Futures is actively promoting green finance and inclusive finance, offering risk management services to over 300 small and micro enterprises and exploring innovative products like "insurance + futures" to support farmers [5][6] - The company is also focusing on pension finance, enhancing investor education, and applying risk management tools to long-term funds [5][6] Group 4: Compliance and Risk Management - The "14th Five-Year Plan" calls for comprehensive financial regulation and risk management, emphasizing the need for futures companies to strengthen compliance and risk management frameworks [9] - Companies are encouraged to embed futures tools into key operational processes to help enterprises effectively manage market price fluctuations and enhance their risk management capabilities [9]

登录新浪财经APP 搜索【信披】查看更多考评等级 ◇ 作者：钟言 ◇ 本文原载《债券》2025年11月刊 防范化解风险是金融工作永恒的主题。近日发布的《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》对防范化解金融风险作出重要部署。债券市场风险防控可从制度、技术、市场三方面着 手，筑牢体系防线，服务金融高质量发展。 一是夯实风控制度基础。健全的制度规则让风险防控有章可循、有规可依。巩固债市运行的基础制度， 以穿透监管为原则，完善市场风险监测机制。优化信息披露相关机制，压实发行人与中介机构的信息披 露责任，制定绿色、科技等重点领域信息披露标准，降低投资者与发行方之间信息不对称。强化金融机 构债券业务内控和监督，落实中介机构主体责任。适度强化违约处置和违规查处机制，畅通债务重组等 退出渠道，提高违约处置效率，对虚假披露、操纵市场、逃废债等违规行为严格执法，以制度威慑筑牢 风险防线。 二是加强数字技术赋能。大数据、人工智能等数字技术日益发展，使债市风险防控更加智能有效。深化 债市信息披露数字化转型，探索应用可扩展商业语言等数字技术，促进债市信息披露更加结构化，便利 信息披露数据在市场机构间共享利用。加强 ...

与分散式的金融服务不同，区域金融中心的发展需要三大前置性条件。首先，区域金融中心的发展需要 以强大的区域经济实力为基础。只有在经济规模大、增长动力强的区域才有丰富的优质企业和产业资 源，才能吸引众多类型的金融机构、专业人才和社会资本聚集，在人流、物流、信息流和资金流的汇聚 下才能形成集聚效应，进而增强对周边地区和城市的辐射服务能力。"十五五"时期地方政府要提升"金 融有为"的效能，首先要明晰地方金融发展的定位和思路，并不是所有的地方都适合打造区域金融中 心，各地要从经济现状及产业发展需要出发，选择合适的地方金融发展路径。在长三角、京津冀、粤港 澳大湾区、成渝经济圈、长江中游城市群等重要的城市群载体中，容易形成具备较强市场影响力的区域 金融中心。 其次，区域金融中心的发展需要构建起完整的金融市场体系。区域金融中心是由市场主体、金融机构、 交易市场、监管机制及金融基础设施构成的完整有机整体。过去地方在发展金融上形成了一些观念上的 偏差，比如过度注重吸引金融机构在当地注册，过度激励导致企业扎堆上市、"带病闯关"等。地方发展 区域金融中心一要注重打造培育市场主体的良性生态，要从实质性优化营商环境、降低企业经营成本的 ...

Group 1 - The 10th New Finance Forum was successfully held in Beijing, focusing on the theme of "From Order Reconstruction to Steady Progress - The Past Decade and Future Five Years of the Financial Industry" [1] - A key report titled "The Practice and Reflection of State-owned Banks in Cultivating Chinese Financial Culture" was released, along with the "2025 China Financial Asset Management Industry Research Report" [1] - The forum highlighted the strategic deployment made by the 20th Central Committee of the Communist Party regarding the acceleration of building a strong financial nation during the 14th Five-Year Plan period [1] Group 2 - Fengtai District is committed to implementing the spirit of the Central Financial Work Conference, aiming to inject new momentum into financial innovation and high-quality development [2] - Over the next five years, Fengtai District plans to provide a comprehensive financial solution around the entire lifecycle of market entities and accelerate the construction of the Lize Financial Business District [2] - The district aims to become a "frontier sample" for observing the development of the financial industry, collaborating with think tanks and financial institutions [2] Group 3 - The People's Bank of China emphasized the importance of financial support for the development of the private economy, particularly in addressing the "last mile" of credit funding reaching private enterprises [3] - A national credit information sharing platform for small and micro enterprises is set to be launched in October 2024, aimed at solving information asymmetry issues [3] - This platform will establish credit information archives for over 56 million small and micro enterprises, enhancing their financing capabilities and promoting high-quality development [3]

Core Insights - The China Galaxy Securities 2026 Strategy Conference focused on macroeconomic trends and industry transformation opportunities, emphasizing the importance of capital markets in the "14th Five-Year Plan" [1][2] Group 1: Economic Outlook - The global economy is expected to experience a "new pattern, new cycle," while China will see a "new blueprint, new starting point, new quality productivity" in 2026 [2] - China Galaxy Securities anticipates that macroeconomic policies will maintain continuity and stability, with a focus on domestic circulation, a deficit rate of 4%, and a moderately loose monetary policy [2] Group 2: Market Valuation and Investment Strategy - Current A-share valuations are considered relatively reasonable, with earnings expected to become the focal point for the market in 2026 [3] - The company suggests focusing on two main lines and two auxiliary lines for investment, particularly in new quality productivity and the recovery paths of manufacturing and resource sectors [3] Group 3: Consumer Market Insights - In 2026, consumer policies are expected to bolster domestic demand, with government subsidies likely to exceed market expectations [3] - The technology and new consumption sectors, along with competitive overseas business opportunities, are highlighted as key areas for investment [3]

Core Viewpoint - The article emphasizes the importance of advancing financial legal development on the legal track to achieve high-quality financial growth in China, aligning with the goals set forth in the 15th Five-Year Plan [2][3]. Group 1: Financial Legal System Construction - The construction of a scientific and complete financial legal system is essential, focusing on foundational financial laws, central bank legal systems, financial stability laws, and financial regulatory laws [2][12]. - Strengthening the legal framework for financial stability is crucial, with ongoing efforts to draft a financial stability law aimed at comprehensive risk prevention and management [13][14]. Group 2: Financial Governance and Regulation - The article highlights the need for modernizing the financial governance system and enhancing governance capabilities, ensuring that financial institutions operate in compliance with laws and regulations [6][10]. - It stresses the importance of strict financial regulation and enforcement, advocating for the revision of existing laws to adapt to the evolving financial landscape [14][15]. Group 3: International Financial Law - Enhancing international financial legal frameworks is necessary for promoting high-level openness and addressing external risks, including money laundering and financial sanctions [14][10]. - The article calls for active participation in international rule-making and cooperation in law enforcement to safeguard national interests [14][15]. Group 4: Financial Legal Talent Development - Building a competent financial legal workforce is vital, focusing on training professionals who are well-versed in both finance and law [15]. - The article emphasizes the need for leadership in financial institutions to adopt a strong legal mindset and enhance their legal capabilities [15].

Core Insights - The 2025 Entrepreneur Boao Forum series will take place from December 2 to 5 in Boao, Hainan, with a focus on digital financial security development [2] - The Digital Financial Security Development Conference will be held on the afternoon of December 4, featuring collaboration among financial institutions, technology companies, and academia [2] - The conference aims to align with the "Financial Power" strategy and new productivity development requirements, focusing on breakthroughs in financial technology, digital security, and high-quality financial development [2] Industry Developments - The conference will officially release the "2025 Digital Banking Survey Report," which will provide comprehensive evaluation results based on the report's data [2] - Key activities include the signing of significant strategic cooperation agreements and the launch of next-generation security technologies [2] - The event will gather leaders from regulatory agencies, industry associations, academic experts, and senior professionals from the banking and fintech sectors [2]