The General Secretary of the Communist Party of China (CPC) delivered a report on behalf of the 19th Central Committee to the 20th CPC National Congress at 10 am on Oct 16, 2022 in Beijing. Wang Tao-yu, International Union Construction Group Party Secretary and president, presided over a special meeting on learning and implementing the spirit of the 20th CPC National Congress. All the staff watched the opening meeting carefully and listened to the report of the General Secretary carefully, which set off an upsurge of learning new ideas, new conclusions and new thoughts in the group.

All the party members and cadres have said, general secretary of the important speech sound, thoughtful, connotation is rich, declare the solemn mission of the new era, new journey, to the whole party to the direction and lead, gives people a confidence and strength, is holding the great banner of socialism with Chinese characteristics political manifesto, is to realize the national rejuvenation of great guide. In accordance with the important requirements of "Five Firm grasp", International Union Construction Group staff conscientiously study and deeply understand the spirit of the report, and strive to convert the learning results into financial work results, and convert the enthusiasm and enterprising spirit aroused into a powerful driving force to overcome difficulties and do business.

"High-quality development is the primary task in comprehensively building a modern socialist country," the general secretary said in his report. To achieve high-quality development, China needs high-quality financial development. To realize socialist modernization, China needs its financial industry to meet the basic requirements of the new development pattern.

The report to the 20th National Congress of the Communist Party of China lays out clear guidelines for high-quality development: "We need to adhere to the development of high quality as the theme, to implement the strategy of expanding domestic demand to deepen the supply side of the organic combination of structural reforms, enhance the endogenous dynamic of domestic circulation and the reliability, improve the quality and level of international circulation, speed up the construction of modern economic system, strive to improve the total factor productivity, to improve the industrial chain supply chain resilience and security level, We will strive to promote urban-rural integration and coordinated regional development, and promote effective qualitative and quantitative economic growth." In the face of new arrangements and requirements, International Union Construction Group has comprehensively strengthened its financial responsibility, given full play to the leading role of Party building, earnestly implemented the Spirit of the Party's 20th National Congress into the whole process and all aspects of its practical work, and followed the path of financial development with Chinese characteristics.

To "enhance the internal power and reliability of the domestic great circulation, and improve the quality and level of the international circulation", the key is to achieve unimpeded economic circulation and industrial linkages. This requires fundamentally enhancing the innovation and relevance of market entities, and solving various "bottlenecks" and bottlenecks. To achieve this, we must ensure the stability of enterprise capital chains. As a state-owned joint-stock investment group, International Union Construction Group is actively engaged in the new development pattern of double circulation, giving full play to the advantages of resource aggregation of state-owned enterprises, and helping enterprises solve the financing problems faced in the process of operation through debt investment and equity investment. In order to resolve the debt risk of state-owned enterprises, International Union Construction Group carried out a debt reduction financing (DRF) asset management plan with a total scale of 50 billion yuan in the field of debt investment, and realized the dual effect of low-cost financing and reducing the asset-liability ratio through industrial funds and debt-to-equity swaps (DES). Aiming at domestic high-quality enterprises with high growth and innovation ability, International Union Construction Group focuses on the high-quality development of national health in the new era, and meets the equity financing needs of enterprises in various development stages through industrial investment and securities investment. In the face of financial reform and market changes in the new era, International Union Construction Group has continuously strengthened the quantification and segmentation of enterprises' financing needs, promoted the coordinated development of innovation chain, industrial chain and value chain, accelerated the construction of a double-cycle new development pattern, and injected continuous strong momentum for high-quality development.

Under the new circumstances, the balance and coordination of development are also an important intrinsic factor for achieving high-quality development. During the 14th Five-Year Plan period, the state promoted the formation of a unified factor market through the coordinated development of "city + rural town". The rise of thousands of villages has promoted the integrated development of urban and rural areas, and local governments have actively sought the national fund for integrated Urban-Rural development to build ecological industrial clusters. International Union Construction Group helps to integrate urban and rural areas, focuses on exploring potential and valuable urban and rural enterprises in key industries supported by the state, closely follows the development of emerging industries vigorously promoted by the state, makes scientific guidance for the industrial layout of enterprises in the future planning, and provides reliable industrial resources for enterprises. In view of the development gap between urban and rural areas, regions and industries, International Union Construction Group will comprehensively comb through, fill up the weak points and build strong and weak areas, realize the optimal development of urban and rural industries, build a more competitive urban and rural industrial pattern, and then drive the coordinated development of regions, and continue to stride forward to the comprehensive construction of a modern socialist country.

The 20th National Congress of the Communist Party of China is a very important congress held at a critical moment in the new journey of comprehensively building a modern socialist country and marching toward the second centenary goal. International Union Construction Group will earnestly study and implement the Party's 20 National Principles, focus on investing in key national areas and industries, provide precise services to weak links and various market entities, promote high-quality economic and social development, and make greater achievements and contributions in comprehensively promoting the great rejuvenation of the Chinese nation through Chinese-style modernization.