What Were the Latest Remarks by Pan Gongsheng, Li Yunze, and Wu Qing at the Capital Financial Work Symposium? A Quick Overview

Yin Li, Secretary of the Beijing Municipal Committee, conducted research on "serving the construction of the national financial management center and promoting high-quality financial development in the capital" on the morning of May 16, and held a symposium on financial work. Wang Jiang, Deputy Director in charge of routine work of the Central Financial Commission Office, Pan Gongsheng, Governor of the People's Bank of China, Li Yunze, Director of the National Financial Regulatory Administration, Wu Qing, Chairman of the China Securities Regulatory Commission, and Yin Yong, Deputy Secretary of the Beijing Municipal Committee and Mayor, participated respectively. The following are the latest remarks made by Wu Qing, Pan Gongsheng, and Li Yunze at the symposium.

Pan Gongsheng: We will continue to promote the mutual reinforcement between building a strong central bank and the national financial management center, and support the improvement of the capital's financial functional layout.

Pan Gongsheng pointed out that strengthening the functions of Beijing as the national financial management center is a shared task entrusted by the CPC Central Committee to both Beijing and the financial system. The People's Bank of China actively supports the high-quality economic and financial development of Beijing, strives to create a favorable monetary and financial environment, supports the development of key economic sectors, promotes the steady and healthy development of the capital's financial industry, and optimizes Beijing's financial business environment. Looking ahead to the "15th Five-Year Plan" period, the People's Bank of China will closely focus on the construction of a strong financial power, continue to promote the mutual reinforcement between building a strong central bank and the national financial management center, support the improvement of the capital's financial functional layout, support Beijing in becoming a highland for the development of technology finance, promote Beijing to continue leading the country in the internationalization of the RMB, and continuously enhance the international influence of Beijing as the national financial management center.

Li Yunze: Supporting pilot implementation of financial policies and improving the capital's financial service system.

Li Yunze pointed out that the National Financial Regulatory Administration will resolutely implement the decisions and arrangements of the CPC Central Committee and the State Council, fully support the strengthening of the functional construction of Beijing as the national financial management center, and better promote the high-quality economic and social development of the capital. We will further strengthen regulatory guidance, clarify the functional positioning of financial institutions, and improve the financial landscape in the capital. We will support the pilot implementation of financial policies and improve the capital's financial service system. We will deepen the construction of the "two zones" in the financial sector and help build a new highland for the capital's financial opening-up to the outside world. We will promote in-depth and practical cooperation between the central and local governments to jointly build a more solid financial defense line for the capital.

Wu Qing: Accelerating the construction of the main position of the Beijing Stock Exchange to serve innovative small and medium-sized enterprises and creating a new highland for the reform and opening-up of the capital market.

Wu Qing stated that in recent years, Beijing has focused on strengthening the construction of the "four centers," achieving fruitful results in the development of the capital's financial industry. The China Securities Regulatory Commission will closely integrate the promotion of high-quality development of the capital market with better serving the development of the capital, closely integrate the focus on serving the needs of the capital with leveraging the capabilities of the capital market, deepen comprehensive reforms in investment and financing, accelerate the construction of the main position of the Beijing Stock Exchange to serve innovative small and medium-sized enterprises, strengthen the functions of the multi-tiered market, create a new highland for the reform and opening-up of the capital market, jointly advance the resolution of risks in key areas, and better achieve a positive interaction between the capital market and the economic development of the capital.