On December 12, the Party Committee of the China Development Bank held 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 study the implementation work. Entrusted by Zhao Huan, Secretary of the Party Committee and Chairman of the Board, Tan Jiong, Deputy Secretary of the Party Committee and President of the Bank, presided over the meeting.
The meeting concluded that this Central Economic Work Conference was a crucial meeting held at a significant historical juncture, as the 14th Five-Year Plan was about to conclude successfully and the 15th Five-Year Plan was about to begin. General Secretary Xi Jinping's important speech was insightful, profound, and rich in content, scientifically answering major theoretical and practical questions such as "how to view the economic situation" and "how to carry out economic work." It represents the latest achievement of Xi Jinping's economic thought and is another brilliant document in Marxist political economy. Premier Li Qiang made specific arrangements for implementing the spirit of General Secretary Xi Jinping's important speech and carrying out next year's economic work.
The meeting concluded that, despite increased external pressure and numerous internal difficulties this year, my country's economy has forged ahead against the odds, pursuing new and superior development. Over the past five years, we have effectively responded to various shocks and challenges, propelling the cause of the Party and the country to achieve new and significant accomplishments. These achievements are fundamentally attributable to the leadership of General Secretary Xi Jinping and the scientific guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era. Practice has once again proven that the "two establishments" (establishing the Party's core position in the Party Central Committee and the Party's core position in the Party Central Committee) are our greatest certainty, our greatest confidence, and our greatest guarantee in overcoming all difficulties and obstacles and responding to all uncertainties.
The meeting emphasized that on the new journey, the China Development Bank, as a national financial "national team" serving national strategies, must deeply understand the decisive significance of the "two establishments," strengthen the "four consciousnesses," firm up the "four self-confidences," resolutely uphold the "two safeguards," thoroughly study and understand the spirit of the Central Economic Work Conference, effectively enhance its sense of responsibility, mission, and urgency, consciously unify its thinking, will, and actions with the Party Central Committee's scientific judgment and decision-making on the situation, focus on the main line of financial work of preventing risks, strengthening supervision, and promoting high-quality development, strengthen its functional positioning, anchor itself to the goal of building a strong financial nation, and make new and greater contributions to the construction of a strong nation and the great cause of national rejuvenation through high-quality financial development.
The meeting required the China Development Bank (CDB) 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, supporting major national strategies, key areas, and weak links through multiple measures. 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, helping to expand domestic demand and strengthen 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 support for urban renewal. It should focus on serving innovation-driven development, supporting technological innovation and developing new productive forces tailored to local conditions. It should make significant strides in science and technology finance, actively contributing to the construction of a modern industrial system. It should accelerate support for the moderately advanced layout of new infrastructure and information and communication networks, a national integrated computing 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. Innovate science and technology financial services and strengthen support for venture capital. Focus on digital finance and enhance financial services for core digital economy industries. Strive to serve coordinated development and help improve the efficiency and effectiveness of urban-rural integration and regional collaboration. 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. Increase support for agricultural and rural infrastructure construction, continuously consolidate and expand the achievements in poverty alleviation, and improve regular financial assistance policies. Support major economic provinces to play a leading and pillar role, and explore effective paths to support the high-quality development of the marine economy. Focus on serving green transformation and support the development of green industries. Focus on green finance and continuously strengthen 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. Vigorously serve the construction of a strong energy nation and a new energy system, support the in-depth fight for blue skies, clear waters, and clean soil, and help address the shortcomings in flood control, drainage, and disaster relief infrastructure in northern regions. Focus on improving people's livelihoods and help do more practical things for the people. We will focus on inclusive finance, further expanding the coverage and volume of national student loans, researching innovative models such as "student loan+", and continuing to use relending as an important tool for serving micro and small enterprises. We will also improve financial services for micro and small enterprises in key areas such as stabilizing foreign trade. We will also focus on pension finance, accelerating the formation of pension financial service models. We will strive to serve the Belt and Road Initiative, contributing to the expansion of high-level opening-up. We will make good use of the RMB financing window and special loans for the Belt and Road Initiative, providing coordinated support for major landmark projects and "small but beautiful" livelihood projects in key areas. We will strengthen our efforts to stabilize foreign trade and investment, promoting the construction of more exemplary projects. We will focus on supporting risk prevention, helping to strengthen risk control in key areas. We will help stabilize the real estate market and continue to actively cooperate with the implementation of the "comprehensive debt reduction" plan. We will further improve asset preservation management, continuously promoting effective risk mitigation and loss reduction. We will adhere to compliance. We will strive to advance reforms and enhance the quality and efficiency of financial services. Focusing on serving national strategies, we will primarily handle businesses that commercial financial institutions cannot or cannot handle well. We will scientifically formulate and promote the implementation of the China Development Bank's "15th Five-Year Plan" for high-quality development, continuously improving the modernization level of our governance system and capabilities. We will focus on strengthening the Party's leadership and Party building to provide a strong political guarantee for the high-quality development of the Development Bank. We will uphold the centralized and unified leadership of the Party Central Committee over financial work to ensure that we always maintain the correct political direction. We will establish and practice a correct view of performance, and enhance our consistent and thorough execution and penetration. We will implement the strategic deployments of the Fourth Plenary Session of the 20th CPC Central Committee, consolidate and expand the achievements of the in-depth study and education on the spirit of the Eight-Point Regulation of the Central Committee, and promote the comprehensive and strict governance of the Party to drive the comprehensive and strict governance of the bank. We will coordinate and promote the implementation of rectification measures, such as the normalized rectification of the central inspection "look back," and transform the rectification results into high-quality development results.
The meeting also made arrangements for key tasks at the end of the year and the beginning of the new year.
