Adhere to the general tone of seeking progress while maintaining stability

Jintai information

2024-04-25 07:05Published on the official account of Beijing People's Daily News Selection

The Office of the Central Financial Commission and the Theoretical Study Center Group of the Central Financial Work Commission

To take the road of financial development with Chinese characteristics, we must not only have the correct position, ideology and strategy, but also have the correct strategy and method. The general tone of the work of seeking progress while maintaining stability is an important principle for governing the country and is also a methodology for doing a good job in economic work. "Financial activity is economic activity, financial stability is economic stability", and to do a good job in financial work, it is all the more necessary to persist in seeking progress while maintaining stability.

1. Adhering to the general tone of seeking progress while maintaining stability is of great and far-reaching significance

Adhering to the general tone of seeking progress while maintaining stability is one of the basic tenets of the road of financial development with Chinese characteristics, which has profound historical, theoretical and practical logics.

This is a valuable experience in the historic achievements of the financial industry. In the more than 40 years since reform and opening up, the mainland has maintained rapid economic development and long-term social stability, and has not experienced a financial crisis, which is the only one among the major countries in the world. We have given full play to the advantages of the socialist system and various favorable conditions, persisted in steadily deepening financial reform and opening up in an orderly and gradual manner, crossed the river by feeling the stones, and carried out pilot projects; we have persisted in giving priority to prevention, treating both the symptoms and the root causes, being prudent and orderly, and guarding the bottom line, so as to effectively prevent and defuse financial risks and promote the steady and healthy development of the economy.

This is an innovative inheritance of the theory of socialist political economy with Chinese characteristics. Since the 18th National Congress of the Communist Party of China, General Secretary Xi Jinping has insisted on applying the basic principles of Marxist political economy, and on the basis of a deep insight into the general trend of economic development at home and abroad, he has published a series of important expositions on the general tone of adhering to the general tone of seeking progress while maintaining stability, which has become an organic component of Xi Jinping's economic thought methodology. Adhering to the general tone of seeking progress while maintaining stability in financial development is the theoretical inheritance and development of our party's successful leadership of economic work, and our party's scientific understanding of the nature and laws of socialist finance with Chinese characteristics.

This is a practical need for comprehensively grasping and coordinating the "two overall situations." From a domestic point of view, the 20th National Congress of the Communist Party of China established the central task of the Party in the new era and new journey, which is to unite and lead the people of all ethnic groups across the country to build a modern socialist country in an all-round way, realize the second centenary goal, and comprehensively promote the great rejuvenation of the Chinese nation with Chinese-style modernization. The financial system has a mission and an unshirkable responsibility. From an international point of view, the world has undergone major changes unseen in a century, with the volatility of the international financial market intensifying, the sources of turbulence and risk points increasing, and the instability and uncertainty of the external environment rising. All this requires that financial work coordinate development and security, absolutely not take it lightly and make subversive mistakes, judge the hour and size up the situation on a stable basis, pursue advantages and avoid disadvantages, create conditions for steady progress, and strive to cultivate new opportunities in the crisis and open up a new situation in the changing situation.

2. Accurately grasp the scientific connotation of the general tone of the work of seeking progress while maintaining stability

The general tone of the work of persisting in seeking progress while maintaining stability contains profound Marxist philosophical ideas and embodies the dialectical unity of the development of things.

"Stability" is the overall situation and foundation, and what should be stable must be stabilized. If the financial situation is not good, or even if a financial crisis breaks out, then economic development will inevitably suffer a heavy setback. In financial work, we must adhere to the principle of stability, the general direction must be stable, the principles and policies must be stable, the strategic arrangements must be stable, macroeconomic regulation and control, financial development, financial reform, financial supervision, and risk disposal must be stable, and the collection and release of financial policies must not be too hasty, so as to prevent major ups and downs, and firmly guard the bottom line of preventing systemic financial risks.

"Progress" is the direction and driving force, and those who should enter should be enterprising. Finance plays an important role in intermediary transactions, resource allocation, price discovery, risk management, etc., and the financial system is an important basic system in economic and social development. Stability is not inaction, not mechanical stability, but to continue to solve problems and keep moving forward while stabilizing the basic situation, actively forge ahead in changing the mode, adjusting the structure, improving the quality and increasing the efficiency, firmly grasp the strategic initiative of financial reform and development, enhance development resilience, and promote high-quality economic development with high-quality financial development.

The dialectical unity of "stability" and "progress" needs to be grasped as one. It is difficult to make progress if there is instability, and only when there is progress can there be stability. It is necessary to take into account stability and progress as a whole, seek progress with stability, and consolidate stability with progress. On the premise of grasping the balance and opportunity, we should work hard to handle the relationship between the local and the overall situation, the current and the long-term, and the key and non-key points. Respect the objective laws and realities of finance, oppose impulsive and reckless work, and oppose passive response and lack of progress. Adhere to the first establishment and then break, the establishment of the should be actively established, the should be broken on the basis of the resolute breaking, with a scientific and reasonable new mechanism to create new momentum for financial development.

Third, the general tone of the work of seeking progress while maintaining stability should be put in place in financial practice

Adhering to the general tone of seeking progress while maintaining stability reflects the skillful ability and superb wisdom of the CPC Central Committee with Comrade Xi Jinping at the core in leading financial work. We must adhere to the centralized and unified leadership of the CPC Central Committee over financial work, understand, grasp and implement "risk prevention, strong supervision and development" in an integrated manner, and achieve a more comprehensive "stability" and higher quality "progress" benign interaction.

To prevent risks, we must grasp the timeliness and effectiveness on the premise of stabilizing the overall situation. Preventing and defusing financial risks is related to national security, overall development, and people's property security, and is a major threshold that must be crossed to achieve high-quality development. It is necessary to adhere to the principle of "stabilizing the overall situation, making overall plans and coordination, implementing policies in different categories, and accurately defusing bombs" and properly grasp the relationship between power and responsibility, speed and stability, and prevention and destruction. Prudent and thorough, properly dispose of the stock, can not raise carbuncles, nor can it lead to the risk of disposal risk. In order to promote stability, strictly prevent increments, effectively strengthen the control of risk sources, in accordance with the principle of "four earlys", draw inferences from one case and tighten the "fence" of the system as soon as possible, and must not drag on small things and big things.

Strong supervision should be carried out on the premise of improving the system. Financial supervision is a key institutional design for preventing and controlling financial risks, controlling financial chaos, and standardizing financial order. It is necessary to speed up the filling of the gaps in the regulatory system, strengthen regulatory coordination, implement the responsibility of comprehensive supervision, and achieve full coverage of financial supervision. Comprehensively strengthen the "five major supervisions", and resolutely reverse the accumulation of disadvantages of heavy development, weak supervision, and risk drumming and covering the lid. Supervision and supervision of supervision must be "long teeth and thorns", and resolutely show the sword when problems are found. We should properly handle the relationship between strengthening financial supervision and financial innovation, and financial innovation should be carried out, but we should not innovate indiscriminately, and we should not engage in "innovation" that deviates from the needs of the real economy and evades supervision. It is necessary to strengthen the risk assessment of financial innovation, and resolutely not engage in it if it does not work.

To promote development, we must promote steady growth, adjust structure, and improve quality and efficiency on the premise of sticking to the fundamentals. Serving the real economy is the vocation of finance, if finance is keen on self-circulation and self-expansion, it will become a source of water and a tree without roots. It is necessary to focus on the implementation of a sound monetary policy, strengthen policy coordination, support stable expectations, stable growth and stable employment, and create a favorable monetary and financial environment for economic and social development. Focusing on doing a good job in the "five major articles", we should make overall plans to do a good job in "addition and subtraction", improve the efficiency of financial resource allocation, optimize the structure of capital supply, and avoid the idling of capital precipitation. Focusing on the construction of the "six pillars" of the modern financial system with Chinese characteristics, we will promote all kinds of financial institutions to stick to their original aspirations, return to their origins, optimize their main business, and be professional, and avoid being ambitious, blindly cross-border, and disorderly expansion.

Hard work is essential, actions speak louder than words. We need to unite more closely around the CPC Central Committee with Comrade Xi Jinping at the core, adhere to the general tone of seeking progress while maintaining stability, work steadily and steadily, do good work, anchor the goal of building a financial power, solidly promote high-quality financial development, and make new and greater contributions to striving to open up the road of financial development with Chinese characteristics.

People's Daily (2024-04-25 Edition 10)