Core Viewpoint - The meeting held by the Urumqi Market Supervision Administration emphasizes the importance of implementing Xi Jinping's important speech during the 70th anniversary celebration of the Xinjiang Uygur Autonomous Region, focusing on market regulation work and ensuring political direction in all aspects of market supervision [3][4]. Group 1 - The meeting stresses the need to fully implement the Party's leadership in market regulation, ensuring that the work aligns with the correct political direction and adheres to Xi Jinping's thoughts [3]. - It highlights the importance of maintaining social stability as a top priority and fostering a sense of community among the Chinese nation while balancing high-quality development and safety [3][4]. - The meeting calls for a deep understanding of the core significance of the "two establishments" and enhancing political awareness, ideological awareness, and action awareness among the staff [3]. Group 2 - Specific requirements were set for the staff, including focusing on the "five strategic positions" assigned to Xinjiang by the central government and optimizing the business environment [4]. - There is an emphasis on the urgency and responsibility of completing annual key tasks, encouraging a proactive approach to achieving work goals [4]. - The meeting also discusses the importance of standardizing market supervision practices and enhancing consumer safety through diligent efforts [4].

Core Insights - The establishment of the Xinjiang Uygur Autonomous Region in 1955 marked a new era for its development, with the financial sector playing a crucial role in this progress [1] - Xinjiang's financial industry has achieved significant growth by aligning with the national strategic positioning, evolving from a sparse institutional framework to a robust financial service system [2] Financial Sector Development - Xinjiang's financial institutions have expanded significantly, with the number of banking and insurance entities and personnel increasing by over 15% since the 18th National Congress of the Communist Party of China [2] - The financial sector has created a multi-faceted service system that combines policy guidance and market operations, providing essential support for the region's economic development [2] Support for Key Industries - Major financial institutions, such as the Industrial and Commercial Bank of China (ICBC), have implemented innovative service models to support local enterprises, including a market-oriented debt-to-equity swap for a leading wind power manufacturer [3] - As of mid-2025, the Guangfa Bank's Urumqi branch reported a 33.7% year-on-year increase in loan balances for its "ten major industry clusters" clients [4] Focus on Advanced Manufacturing - Advanced manufacturing and technological innovation are prioritized in Xinjiang's industrial strategy, with financial institutions increasing support for these sectors to enhance productivity and drive economic growth [5] - The region's manufacturing sector saw a 10.7% year-on-year increase in value added from January to August 2025, outpacing the national average [5] Innovative Financial Services - Financial institutions are adapting their service models to better support advanced manufacturing, with the Agricultural Bank of China investing over 3 billion yuan in a local aluminum enterprise to facilitate its transition to a green and high-end industry [6] - The Industrial Bank's Urumqi branch has developed a "technology flow" credit evaluation system to address the financing challenges faced by technology-driven companies, focusing on innovation capabilities and intellectual property [7] Conclusion - The financial sector in Xinjiang is evolving to provide more precise and innovative services, significantly contributing to the region's economic development and the cultivation of new productive forces [7]