October 31, 2023

The central financial work conference that concluded on Tuesday stressed to comprehensively strengthen financial supervision, improve the financial system, optimize financial services, prevent and resolve risks, unswervingly follow the path of financial development with Chinese characteristics, and promote high-quality financial development.

Xi Jinping, general secretary of the Communist Party of China Central Committee, delivered an important speech. Xi, also Chinese president and chairman of the Central Military Commission, analyzed the situations facing high-quality development of the financial sector and arranged relevant work for the current and future periods, according to the Xinhua News Agency. 

The two-day conference, usually convened once every five years, is closely watched as it sets the direction for China's financial policymaking for the following years. Coming at a time of global economic woes and financial risks, this year's conference addressed various challenges and risks, including the housing market and local government debts, and outlined various efforts to ensure high-quality development.

Read more:

https://www.globaltimes.cn/page/202310/1300950.shtml