To thoroughly study and implement the spirit of the Central Financial Work Conference and conscientiously implement the requirements of the Fujian Provincial Party Committee to deepen the use of the “going down to the grassroots” system in four aspects and carry out the work of the Party’s mass line in the new era, continue to consolidate, deepen, and effectively utilize the achievements of thematic education, the Party Committee of Industrial Bank, combined with research conducted in various locations, recently formulated and issued the Action Plan of the Communist Party of China Industrial Bank Committee on Conscientiously Studying, Publicizing, and Implementing the Spirit of the Central Financial Work Conference (hereinafter referred to as the “Plan”), specifying the overall requirements, organizational leadership, work tasks, and specific arrangements for studying and implementing the spirit of the Central Financial Work Conference.
The “Plan” emphasizes the need to fully comprehend the significant importance of the Central Financial Work Conference, and to regard the study, publicity, and implementation of the spirit of the Central Financial Work Conference as the most important political task at present. We must enhance political consciousness, ideological awareness, and take action consciously, unifying our thoughts and actions with the important speeches of General Secretary Xi Jinping and the decision-making arrangements of the Party Central Committee. It is essential to transform the spirit of the Central Financial Work Conference into actual actions and work results for formulating strategies, promoting development, and deploying work, in order to continuously create a new situation of high-quality development with a new outlook and new accomplishments.
The “Plan” emphasizes the need to adhere to the guidance of Xi Jinping's Thoughts on Socialism with Chinese Characteristics for a New Era, and combine the study and implementation of the spirit of the Central Financial Work Conference with the spirit of the 19th National Congress of the Communist Party of China. It calls for the complete, accurate, and comprehensive implementation of the new development concept, and a deep understanding of the essence and significance of the “Eight Persistences”. It highlights the political and people-centered nature of financial work and sets the goal of accelerating the building of a strong financial country, with the theme of promoting high-quality financial development, the main line of deepening financial supply-side structural reform, and a focus on the integrity, professionalism, and combat effectiveness of the financial workforce, as well as the prevention and resolution of risks. It emphasizes the work principle of seeking progress amid stability, and balances development and security. It stressed the need to continuously improve the Chinese characteristic modern financial system, constantly meet the growing financial needs of economic and social development and the people. Industrial Bank aspires to be a “pacesetter” in implementing the spirit of the Central Financial Work Conference, vigorously advancing the chapter of financial development with Chinese characteristics.
Firstly, uphold the leadership of the Party and reinforce the Party’s construction. Industrial Bank will fully leverage the core role of Party leadership, deepen the organic integration of the Party’s construction and corporate governance, and effectively transform the institutional advantages of Party leadership in financial work into governance efficiency. Adhere to Party leadership in managing cadres and talents, vigorously promote the construction of the “Seven Types of Talents” team, and strive to build a high-caliber, professional, loyal, clean, and responsible cadre team in the financial sector. To deepen the strict governance of the Party, we will persistently promote the integration of the “Three Nos Corrupt” principle, establish a comprehensive supervision framework, persistently promote clean and responsible behavior, and promote the construction of a clean and prosperous society. Moreover, we will further expand and enrich the cultural connotation of entrepreneurship.
Second, we must firmly grasp the primary task of high-quality development. To transform the “major national concerns” into “key institutional tasks”, we will continue to deepen the structural reform of the financial supply side, proactively serve the national strategies such as innovation-driven development, coordinated regional development, and food and energy security. Leverage our unique advantages and make solid efforts in the five major areas of techfin, green finance, inclusive finance, pension finance, and digital finance. Actively assume the role of the financial mainstay in comprehensively advancing the high-quality development of Fujian Province, and make greater contributions to the construction of a new Fujian.
Thirdly, accelerate the construction of modern commercial banks. Continuously improve the modern financial enterprise system with Chinese characteristics, strengthen the construction of ESG management systems, and enhance corporate governance capabilities. Optimize resource allocation, establish a capital-saving orientation, strengthen business organization promotion, and improve the quality and efficiency of operation and management. Capture the positioning of domestic systemically important banks, focus on strengthening the advantages, exert efforts to solidify the foundation, make concentrated efforts to fill the shortcomings, and further enhance market competitiveness.
Fourthly, deepen financial reform and opening up. Continuously consolidate and enhance the effectiveness of institutional reform, and deepen the implementation of supporting mechanisms. To strengthen our presence in Southeast Asia, we will establish a robust Southeast Asia Research Institute based in Hong Kong. Simultaneously, we will steadily promote the upgrade of our representative office in London to a branch, thereby advancing the internationalization process with new strides. We will continuously enrich and improve application scenarios, enhance the facilitation of cross-border investment and financing, and support the development of the Shanghai International Financial Center, Hainan Free Trade Port, and the Guangdong-Hong Kong-Macao Greater Bay Area through practical actions.
Fifthly, effectively prevent and mitigate risks. We will deeply implement a holistic approach to national security, enhance comprehensiveness, continuously improve our integrated risk management system for local and foreign currency, on-balance sheet and off-balance sheet, domestic and overseas, online and offline, as well as the integration of risk management for group parent and subsidiary companies. We will enhance precision, focusing on risk prevention and mitigation in key areas such as real estate, local government financing platforms, and credit cards. We will highlight security by establishing a long-term mechanism for managing information technology risks. We will strengthen systematicity and resolutely maintain the bottom line of preventing systemic risks.
According to the requirements of the “Plan”, all levels of party organizations in the banking industry should prioritize the learning, promotion, and implementation of the spirit of the Central Financial Work Conference on their important agenda. They should strengthen organizational leadership, ensure work responsibilities are effectively fulfilled, coordinate overall progress, strengthen supervision and assessment, and ensure that the spirit of the conference permeates to the grassroots, is fully understood, effectively implemented, and produces tangible results. The Plan also emphasizes aligning the study and implementation of the Central Financial Work Conference's spirit with the Central Economic Work Conference's spirit, coordinating end-of-year and beginning-of-year tasks, and using new breakthroughs in high-quality development to gauge the effectiveness of implementation.