On December 12, the Party Committee of the China Development Bank (CDB) convened a meeting to convey and study the spirit of the Central Economic Work Conference, implement the deployment requirements of the National Financial System Work Conference, and discuss implementation measures. Entrusted by Zhao Huan, Secretary of the Party Committee and Chairman of CDB, Tan Jiong, Deputy Secretary of the Party Committee and President of CDB, presided over the meeting.
The meeting required the China Development Bank to focus on cooperating with macroeconomic regulation and providing precise and effective services to the real economy. It should fully cooperate with a more proactive fiscal policy, employing multiple measures to support major national strategies, key areas, and weak links. It should earnestly implement a moderately loose monetary policy, strengthening support for key areas such as expanding domestic demand, technological innovation, and small and medium-sized enterprises (SMEs). It should focus on serving infrastructure, contributing to expanding domestic demand and strengthening the domestic economic cycle. It should continue to increase support for the five major infrastructure sectors, actively cooperate in optimizing the implementation of "two major" projects and "two new" policies, vigorously support central government budgetary investment projects, ensure adequate financing for ultra-long-term loans supporting major projects through local government special bonds and ultra-long-term special treasury bonds, continue to leverage new policy-based financial instruments, and increase its support for urban renewal. It should focus on serving innovation-driven development, supporting technological innovation and developing new productive forces according to local conditions.
We must focus on developing science and technology finance to actively support the construction of a modern industrial system. We will accelerate support for the moderately advanced development of new infrastructure and information and communication networks, a national integrated computing power network, and major science and technology infrastructure; support the upgrading and digital transformation of traditional infrastructure; and increase support for national strategic scientific and technological forces, key core technology breakthroughs, and technology-based enterprises. We must also focus on green finance, continuously strengthening financing services in key areas such as green transportation, clean energy, green manufacturing, beautiful cities, beautiful villages, ecological protection and restoration, and green development under the Belt and Road Initiative. We will vigorously serve the construction of a strong energy nation and a new energy system, and support the in-depth fight for blue skies, clear waters, and clean soil. Furthermore, we must focus on inclusive finance, further expanding the national student loan program, researching innovative models such as "student loan+", continuing to use relending as an important tool for serving micro and small enterprises, and providing financial services to micro and small enterprises in key areas such as stabilizing foreign trade. Finally, we must focus on pension finance, accelerating the formation of pension financial service models. Finally, we must focus on digital finance, strengthening financial services for core digital economy industries. We will support the construction of international science and technology innovation centers in Beijing (Beijing-Tianjin-Hebei), Shanghai (Yangtze River Delta), and the Guangdong-Hong Kong-Macao Greater Bay Area.
