Liu He emphasized that financial institutions should strengthen their main responsibility, serve the real economy and defuse risks at the same time in the national financial situation briefing and wor

According to the Chinese government website, the State Council's Financial Stability and Development Committee (hereinafter referred to as the "Finance Committee") held a national financial situation briefing and work experience AC teleconference on September 5. The meeting further studied and implemented the spirit of General Secretary Xi Jinping's important instructions and instructions, fulfilled Prime Minister Li Keqiang's request, briefed the situation, exchanged experience, and studied and deployed key tasks in the financial field. Liu He, member of the Political Bureau of the CPC Central Committee, Vice Premier of the State Council and Director of the Finance Committee, attended the meeting and made a speech.

Liu He pointed out that since the Nineteenth National Congress of the CPC, under the leadership of the CPC Central Committee and the State Council, members of the Finance Committee and collaborating units have taken the initiative to cooperate with local governments and have achieved positive results in all aspects of work. Effective implementation of macroeconomic policies, strengthening of the real economy of financial services, improving financial order and opening up of financial reform have been achieved. New progress has been made. At present, the domestic and foreign economy and finance are facing a new situation, and the downward pressure of the economy has increased. We should strengthen the sense of suffering, be good at turning danger into opportunity, do our own business conscientiously, and promote the steady operation of the economy and finance. China's economic fundamentals have been improving for a long time, with a high savings rate, a vibrant micro-foundation, sound operation of important financial institutions, adequate macro-policy tools, sound regulatory mechanisms, and rich experience in risk prevention and resolution. It is fully capable, confident and able to overcome various difficulties and challenges.

Liu He stressed that in accordance with the decision-making and deployment of the Central Committee of the Party and the State Council, under the unified command and coordination of the Finance Committee, the responsibilities of financial institutions, local governments and financial management departments should be compacted, and all financial work should be done well. Financial institutions should strengthen their main responsibilities, serve the real economy at one hand, defuse risks at the same time, overcome pro-cyclical thinking, increase credit allocation to the real economy, especially to small and medium-sized enterprises and private enterprises, and actively provide credit support to enterprises with market-oriented products, effective benefits, well-managed but short of funds, as well as to the real economy. We should work together to improve the awareness of risk prevention, improve corporate governance, strengthen internal management, strengthen incentive and restraint mechanisms, encourage undertaking, innovation and wind control, and increase incentives for genuine support of the real economy. Local governments should strengthen the responsibility of territorial risk disposal and the first responsibility of maintaining stability, improve their political position, firmly establish the consciousness of being responsible for and responsible for keeping the land, and guard against the bottom line of regional financial risks; effectively crack down on all kinds of illegal financial activities to prevent mass incidents; improve the local financial supervision system and establish a local financial supervision system. Long-term mechanism of risk management and control. Financial management departments should strengthen supervision responsibility, strengthen counter-cyclical regulation, make great efforts to dredge monetary policy transmission mechanism, strengthen financial and fiscal policy coordination, support regions and areas that are willing to start their own businesses and have better development potential to accelerate development, and support banks to make more use of innovative capital tools to supplement capital and attract capital. Guiding financial institutions to increase medium-term and long-term financing for manufacturing and private enterprises; steadily mitigating local and structural stock risks; speeding up the completion of regulatory system shortcomings and substantially increasing the cost of violations of laws and regulations; deepening financial reform and opening-up, providing dynamic support for the development of real economy, and implementing various opening-up measures to promote reform through Opening-up Innovation and promotion of high-quality development.

Liu He pointed out that all regions, departments and financial institutions should bear in mind their original mission, be brave in assuming it, firmly implement it, do a solid job in various financial work, and create a good economic and financial environment for celebrating the 70th anniversary of the founding of New China.

The People's Bank of China, the governments of Inner Mongolia Autonomous Region, Shandong Province, Guangdong Province and the responsible comrades of the Industrial and Commercial Bank made speeches. The heads of the central and state departments concerned and the heads of the major financial institutions in Beijing attended the meeting in the main venue. The responsible comrades of the provinces, autonomous regions, municipalities directly under the Central Government and Xinjiang Production and Construction Corps and the heads of relevant departments attended the meeting in the meeting hall.