On December 18, Industrial Bank held a Study (Expansion) Meeting of the Party Committee's Theory Learning Center Group to convey the spirit of the Central Economic Work Conference and study and deploy preliminary implementation opinions. The meeting was chaired by Lv Jiajin, the Party Secretary and Chairman of Industrial Bank, with the attendance of Chen Xinjian, the Deputy Party Secretary and President of the bank, as well as other members of the Party Committee. The heads of relevant departments also participated in the meeting.
The meeting recognized that the Central Economic Work Conference was an important conference convened at a crucial time for fully implementing the spirit of the 19th National Congress of the Communist Party of China and the beginning of comprehensively building a modern socialist country. General Secretary Xi Jinping’s important speech comprehensively summarized this year’s economic work, systematically expounded the regular understanding of doing economic work in the new era, deeply analyzed the current domestic and international economic situation, and systematically deployed next year’s economic work. His speech was highly political, ideological, strategic, and directive, providing fundamental adherence and action guidelines for the economic work of the next year and even longer periods.
The meeting requires that all levels earnestly study and grasp the scientific judgment of the current situation and the decision-making arrangements for the next year’s economic work made by the Central Committee of the Communist Party of China, and effectively unify their thoughts and actions. Advancing Chinese-style modernization is treated as the utmost political task, continuously deepening the regular understanding of the “Five Musts” for doing economic work in the new era, and resolutely following the path of developing finance with Chinese characteristics.
The meeting emphasized the need to accurately grasp the overall requirements, policy orientation, and key tasks of next year’s economic and financial work. It advocated the principle of “stability while seeking progress, progress in stability, building before breaking.” The focus should be on economic development as the central task and high-quality development as the primary objective, with "major national concerns" in mind. It encouraged assuming responsibilities, strengthened actual practices and achievements in promoting high-quality financial development, and provided comprehensive assistance to consolidate and enhance the positive trend of economic recovery, making greater contributions to the construction of a strong nation and the rejuvenation of the Chinese nation. Firstly, it is necessary to improve political positioning, strengthen policy research, ensure consistency between business policies and macro policies, give full play to the counter-cyclical and cross-cyclical regulatory role of state-owned financial enterprises, increase high-quality financial supply, allocate more financial resources to major strategies, key areas, and weak links, and promote qualitative and effective improvement as well as reasonable growth in the economy. Secondly, it is important to actively support the construction of a modern industrial system led by technological innovation, coordinate and provide precise financial services for traditional industries, strategic emerging industries, and future industries, and strengthen the expansion of consumer finance scenarios such as housing, automobiles, elderly care, and health, constantly expand the connotation and space of the “Five New Tracks” while carrying out the “Five Major Areas”, and foster new impetus and advantages for high-quality development. Thirdly, it is crucial to deepen the structural reform of the financial supply side, optimize the institutional and business layout in the coordinated development of different regions, give full play to the advantages of green finance, innovate the realization path of carbon financial products and ecological product values, better serve the construction of ecological civilization and green low-carbon development, reshape the financial service model with digital innovation as the driving force, and effectively serve the integrated development of urban and rural areas and the comprehensive revitalization of rural areas. Fourthly, it is necessary to coordinate high-quality development with high-level security, adhere to a systemic perspective, continuously promote the prevention and resolution of risks in key areas such as real estate and local government debt, and perform the role of a stabilizer for financial stability. It is important to accurately grasp the relationship between the fundamental market and new tracks, promote the transformation and development of local government financing to support core technological breakthroughs, new infrastructure, and energy conservation, emission reduction, and carbon reduction. Efforts should be made to support the construction of affordable housing and financial support for the “Three Major Projects”, and facilitate the establishment of a new model for real estate development.
The meeting emphasized the need to comprehensively strengthen the leadership of the Party and the construction of the Party. In accordance with the important requirements of the “Four Implementations,” it is necessary to closely integrate the study and implementation of the spirit of the Central Economic Work Conference with the study and implementation of the spirit of the Central Financial Work Conference. It should also be closely linked to the end-of-year completion and planning for next year’s work. Furthermore, it is essential to verify the effectiveness of learning through practical actions and work results. There is a necessity to manage end-of-year and beginning-of-year tasks comprehensively, dedicating efforts to increase revenue and cut costs. Emphasizing a persistent sense of responsibility, the focus should be on ensuring safe production, enhancing employee care and welfare, and improving publicity and guidance. This approach aims to bolster confidence and motivation, fostering a more dynamic and proactive spirit. Such an attitude is essential for driving high-quality development throughout the organization, achieving new breakthroughs, and displaying innovative efforts in advancing the new journey of Chinese-style modernization.