On November 6, the SASAC Party Committee of The State Council held an expanded meeting to seriously convey the spirit of studying the important speech of General Secretary Jinping Xi at the Central financial Work Conference and the decision-making and deployment of the central financial work Conference, closely combined with the actual work of state-owned central enterprises to study and implement measures, and based on the responsibility and mission of promoting the development of the main business and revitalizing the real economy. Actively explore the central enterprise financial supervision system with the characteristics of investors, further strengthen the supervision and risk prevention of central enterprise financial business, effectively play the role of finance in promoting the development of the real industry, and provide effective support and services for the overall high-quality development of enterprises with the high-quality development of central enterprise financial business. Zhang Yuzhuo, Secretary of the Party Committee and director of the SASAC of The State Council, presided over the meeting and delivered a speech. Members of the Party Committee of the State-owned Assets Supervision and Administration Commission of the State Council attended the meeting and made speeches in combination with the work in charge.

The meeting held that the important speech of the General secretary of Jinping Xi at the Central Financial Work Conference comprehensively summarized the financial work since the 18th National Congress of the Party, systematically analyzed the situation facing the high-quality development of finance, scientifically answered a series of major theoretical and practical problems in the development of financial undertakings, and clearly proposed for the first time the goal of accelerating the construction of a financial power, which is an important part of Jinping Xi's economic thinking. It is an important innovative achievement of Marxist political economy on financial issues, and provides a fundamental guide for promoting high-quality financial development in the new era and new journey. It is necessary to effectively improve the standing position and strengthen the responsibility, from the political height of firmly supporting the "two establishment" and resolutely achieving the "two maintenance". Comprehensively understand the new major achievements made in the development of China's financial undertakings since the 18th National Congress of the Party, the basic essentials of taking the road of financial development with Chinese characteristics, the situation and tasks faced by China's high-quality financial development, the direction and goals of optimizing financial services, the deployment requirements for strengthening financial supervision, and the major requirements for strengthening the Party's overall leadership over financial work, Earnestly unify thoughts and actions into the spirit of the important speech of the General Secretary of Jinping Xi and the decision-making and deployment of the Party Central Committee, and vigorously promote the implementation of various tasks of financial reform, development and stability in state-owned central enterprises.

The meeting stressed that the purpose of central enterprises to carry out financial business is to explore the combination of industry and finance, achieve financial promotion of production, and promote the better development of industry. In recent years, the financial business of central enterprises has played a positive role in promoting the development of the main business and revitalizing the real economy, but there are still some shortcomings and problems. State-owned central enterprises should adhere to the responsibility of developing the real economy, adhere to the problem-oriented, increase supervision, adhere to the return to the source, focus on the main business, focus on controlling the increment, effectively optimize the stock, based on the development of financial businesses that are consistent with the characteristics of the enterprise industry and the needs of the main business, increase the proportion of financial businesses that provide services for the main business, and improve the ability and level of serving the main industry. It is necessary to adhere to the policies and standardized operation of enterprises, thoroughly understand the role of enterprise financial business in different industries, the quality and efficiency of development, and the risk situation, and gather financial resources to the strategic direction, key areas and weak links of high-quality development, focusing on strategic security, industrial leadership, national economy and people's livelihood, and public services. Focusing on strategic emerging industries and future industries, scientific and technological innovation, especially breakthroughs in key core technologies, we should be good long-term capital, patient capital, and strategic capital. We should strengthen supervision and strictly prevent risks, promptly improve the stricter regulatory system and mechanism, improve the multi-tiered risk prevention and control system from central enterprise group companies to financial subsidiaries, strengthen dynamic supervision, strengthen daily monitoring, remain highly sensitive to emerging tendencies and potential problems, strengthen risk prevention and control in key areas, and strictly regulate the conduct of financial derivatives business. We will resolutely crack down on violations of laws and regulations, increase accountability, strengthen the deterrence of supervision, and establish a long-term mechanism to effectively prevent major risks and systemic risks.

Source: State-owned Assets Supervision and Administration Commission of the State Council