State Financial Supervision Administration Issues “Guiding Opinions” to Improve Financial Services
In a recent announcement, the State Financial Supervision and Administration Bureau revealed its plans to enhance financial services and implement the Central Financial Work Conference’s recommendations on technology finance, green finance, and inclusive finance.
The State Financial Supervision Administration will focus on developing new productive forces and implementing the “five major articles” in finance, pension finance, and digital finance. Under the guidance of the Central Financial Commission, the administration aims to improve financial services to the real economy.
To achieve this goal, the State Administration of Financial Supervision issued the “Guiding Opinions on the “Five Major Articles” for the Banking and Insurance Industry to Do a Good Job in Finance”. This document consists of five parts and 20 articles, covering aspects such as optimizing financial products and services, leveraging the functional advantages of banking and insurance institutions, and enhancing regulatory support.
The “Guiding Opinions” set clear requirements and deploy systematic strategies to improve the quality and efficiency of science and technology finance, green finance, inclusive finance, pension finance, and digital finance. The administration aims to establish a comprehensive service system for banking and insurance industries and enhance the availability, coverage, and satisfaction of financial services.
Furthermore, the “Guiding Opinions” emphasize the importance of providing financial support to science and technology enterprises, promoting green initiatives, strengthening inclusive financial services, accelerating pension finance development, and advancing digital finance development.
The State Administration of Financial Supervision expressed its commitment to strengthen supervision and guidance, implement the “Guiding Opinions” effectively, and ensure the successful implementation of the “five major articles” in finance. By adhering to the decision-making arrangements of the Party Central Committee and the State Council, the administration aims to promote high-quality economic and financial development.
With these initiatives in place, the State Financial Supervision Administration is poised to drive growth and innovation in the financial sector, ultimately benefiting the real economy and contributing to overall economic development.
(Editor: Wen Jing)