Wang Jiang: Promote policy-based financial institutions to further focus on serving national strategies, mainly doing businesses that commercial financial institutions cannot do or do not do well.

Wang Jiang, Deputy Director in charge of daily work of the Office of the Central Financial Committee, and Deputy Secretary in charge of daily work of the Central Financial Work Committee, recently published a signed article titled "Accelerating the Construction of a Financial Power" in the "Guidance Reader on the Suggestions of the Central Committee of the Communist Party of China on Formulating the Fifteenth Five-Year Plan for National Economic and Social Development." The article pointed out that during the "Fifteenth Five-Year Plan" period, it is necessary to further optimize the financial institutions and financial infrastructure system, promote various financial institutions to focus on their main businesses, improve governance, develop in a differentiated way, complement each other's advantages in effectively serving the real economy, and give full play to their strengths. Support large state-owned financial institutions to continue to serve as the main force in serving the real economy and maintaining financial stability, constantly improving and strengthening. Steadily and orderly promote the merger and reorganization, reduction and improvement of small and medium-sized financial institutions, and carry out characteristic operations rooted in the local area. Promote policy-based financial institutions to further focus on serving national strategies, mainly conducting business that commercial financial institutions cannot or cannot do well. Enhance the role of the insurance industry as an economic shock absorber and social stabilizer, and improve the national catastrophic insurance coverage system. Trust, securities, and other financial institutions should also adhere to their main businesses and develop in a standardized manner. Accelerate the construction of a safe and efficient financial infrastructure system, strengthen overall planning, improve market access, regulatory standards, and operational requirements, and provide a more solid foundation for the stable and efficient operation of the financial industry.