steadfastly follow the path of financial development with chinese...
title:steadfastly follow the path of financial development with chinese
the 20th national congress of the communist party of china (cpc)is a meeting of great importance. it took place at a critical time as the entire party and the chinese people of all ethnic groups embark on a new journey to build china into a modern socialist country in all respects and advance toward the second centenary goal. the report of the 20th cpc national congress presented by general secretary xi jinping outlines the strategy on the succession of the party and the national cause，the future destiny of socialism with chinese characteristics and the great rejuvenation of the chinese nation. it systematically expounds the major theoretical and practical issues of upholding and developing socialism with chinese characteristics in the new era，and scientifically plans the objectives，tasks and major policies for the development of the party and the country in the coming period. as the crystallization of the wisdom of the party and the people，it is a programmatic document of marxism as well as a political declaration and action program for the party to lead the chinese people of all ethnic groups in a concerted effort to build china into a modern socialist country in all respects and advance the great rejuvenation of the chinese nation on all fronts.
the report of the 20th cpc national congress clearly puts forward that realizing the second centenary goal of building china into a modern socialist country in all respects and advancing the rejuvenation of the chinese nation on all fronts through a chinese path to modernization are the central tasks of the party on the new journey in the new era. the chinese path to modernization is socialist modernization led by the cpc. not only does it have the common features of modernization of various countries，but it also has chinese characteristics based on its own national conditions. its scientific connotation，chinese characteristics and essential requirements have endowed the path of financial development with chinese characteristics in the new era with new philosophy，new guidance，new mission and new requirements，and clarified the new direction，new thinking，new tasks and new work of financial and foreign exchange work on the new journey. all need to be thoroughly understood and fully implemented. first，exerting the centralized and unified leadership of the party central committee on financial and foreign exchange work. upholding and strengthening the centralized and unified leadership of the party central committee is the essential requirement of the chinese path to modernization，and the fundamental guideline to ensure that the financial and foreign exchange work is politically oriented and can better represent the people. the centralized and unified leadership of the party should be incorporated into the whole process of financial and foreign exchange work in all respects，transforming this institutional advantage into continuous improvement of financial governance effectiveness. second，ensuring finance serves the real economy. a distinctive feature of the chinese path to modernization is to focus economic development on the real economy. rooted in the real economy，the financial industry should serve and boost the real economy in essence. with constant effort to apply the new development philosophy on the new journey in the new era，we should increase the support of financial and foreign exchange work for the real economy. it is crucial to facilitate the scientific and technological innovation-driven strategy，and increase the efficiency and effectiveness of financial services across the board by improving the weak links to promote new industrialization. third，coordinating financial development and financial security. the chinese path to modernization is based on economic security. on the new journey in the new era，we should unswervingly take a holistic approach to national security，and improve the legal system，strategy system，policy system，risk monitoring and early warning system for national financial and foreign exchange security. meanwhile，we need to prevent financial idling，and crack down on illegal financial and foreign exchange activities. it is vital to improve the ability to prevent and resolve major risks，and hold the bottom line that no systemic financial risks should occur. fourth，deepening the reform and opening up in the field of finance and foreign exchange. the chinese path to modernization features a high level of opening. on the new journey in the new era，we must resolutely push through the reform of finance and foreign exchange focusing on fostering a new development paradigm and promoting high-quality development. we need to steadily expand the rules，regulations，management，standards and other system-based opening，and facilitate the building of hainan free trade port and the upgrading of hainan pilot free trade zone to quicken our pace to turn china into a trade power. fifth，strengthening full and strict governance over the party. the full and strict governance over the party and the party’s self-revolution are always on the road. on the new journey in the new era，we need to cultivate a group of loyal，clean，responsible and professional financial talent，and severely combat financial corruption in the hope of stimulating high-quality development of the financial sector with high-quality party building.
at present and in the coming period，it is our primary political task to study，publicize and implement the spirit of the 20th cpc national congress. we should make determined efforts at the unity of knowledge，thinking and practice. as a professional publication under the supervision of the state administration of foreign exchange (safe)，china forex will carefully organize news and publicity by firmly grasping the correct direction of public opinion and combining knowledge and practice. we will study，publicize and implement the principles as well as major decisions and plans of 20th cpc national congress. a series of articles on “study，publicize and implement the spirit of the 20th cpc national congress” will be published to provide professional explanation for hot topics such as foreign exchange serving the real economy，self-sufficiency and self-improvement of the foreign exchange technology，system-based opening，and digital trade development so as to give positive guidance，respond to social concerns，and draw blueprints for the reform. by further strengthening the firm will，strong determination and professional ability of the foreign exchange management system to work together and overcome difficulties，we will make every endeavor to reform，develop and stabilize the financial and foreign exchange system in 2023 and in the future，and strive for building china into a modern socialist country in all respects and advancing the great rejuvenation of the chinese nation on all fronts.
