Commentary Department of this newspaper.
Innovation is the driving force to promote the financial industry, but innovation must be based on the premise of integrity, not fake innovation, chaotic innovation, and focus on better serving the real economy and facilitating the people to promote innovation.
Adhere to the fundamental purpose of financial services for the real economy, and use more financial resources to promote scientific and technological innovation, advanced manufacturing, green development and micro, small and medium-sized enterprises, and dredge the channels for capital to enter the real economy.
Zhang Hua, a rubber farmer, will check *** and trend charts in his spare time. Rubber, sugar and other agricultural products fluctuate greatly, which is easy to have a greater impact on farmers' income. Since March 2017, the Shanghai ** Stock Exchange has launched the rubber "insurance + ** business. This business innovation has helped Zhang Hua to obtain effective protection in the event of severe market fluctuations, and also provided assistance for the development of the natural rubber industry.
Shortly after the first financial work conference was held last year, the general secretary went to Shanghai for inspection, and the first stop was to come to the Shanghai ** exchange, encouraging "to speed up the construction of a world-class exchange, and make greater contributions to exploring the first regulatory system and business model with Chinese characteristics and building an international financial center". In recent years, China's first-class market has steadily expanded, the variety system has been continuously enriched, serving the needs of entities with professional directors, supporting the national strategy with innovative development, and guarding the bottom line of risks with characteristic supervision, which vividly reflects the practical requirements of "integrity and innovation" of financial culture with Chinese characteristics.
Innovation is the driving force to promote the financial industry, but innovation must be based on the premise of integrity, not fake innovation, chaotic innovation, and focus on better serving the real economy and facilitating the people to promote innovation. At the opening ceremony of the seminar on promoting high-quality financial development for major leading cadres at the provincial and ministerial levels, the general secretary emphasized "actively cultivating a financial culture with Chinese characteristics", one of the important aspects of which is "keeping integrity and innovation, and not detaching from reality to virtuality". Since the beginning of the new era, China's financial reform and development has made new and significant achievements, and financial innovation has injected "living water" into the thriving growth of business entities, "contributed to the development of people's livelihood", strongly supported the high-quality development of the economy and society, and continuously confirmed the importance of "keeping integrity and innovation, not detaching from reality to virtuality".
Integrity-based, innovation-oriented. **The general secretary pointed out: "The Chinese nation is a nation of integrity and innovation. "Keeping the right means abiding by the right path and grasping the fundamentals. Innovation means having the courage to explore and break new ground. Our ancestors have long proposed, "Although Zhou is an old state, its life is renewed" and "Gou is new, every day is new, and every day is new". History tells us that those who know how to change win, and those who keep integrity and innovate advance. Only by combining integrity and innovation can we develop and grow in a strong foundation. In the new era and new journey, we must absorb the essence and wisdom of China's excellent traditional culture, and lay the foundation for the high-quality development of finance with the power of integrity and innovation.
Only by keeping integrity can we not lose ourselves and not lose our way. **The general secretary stressed that "Chinese-style modernization cannot deviate from the path of reality to virtuality". The real economy is the foundation of finance, and finance is the blood of the real economy. The key to financial innovation is to solve the problem of who to serve and for whom to innovate, and we cannot blindly pave the way in the name of innovation, and engage in internal circulation of funds and the transformation from real to virtual. In Xiapu, Fujian Province, B&B owners obtained credit loans for expansion with the support of the bank's green channel; In Anji, Zhejiang, local financial institutions have separately listed special fund ...... to support the high-quality development of the manufacturing industryAdhere to the fundamental purpose of financial services for the real economy, use more financial resources to promote scientific and technological innovation, advanced manufacturing, green development and micro, small and medium-sized enterprises, dredge the channels for funds to enter the real economy, and solve the problems of financial institutions not adapting to the development of the real economy in terms of internal control management, asset quality, service level, competitiveness, etc., so as to truly empower the high-quality development of the real economy.
Only by innovation can we grasp the times and lead the times. The special lubricating materials developed by a company in Qingdao, Shandong Province have broad market prospects, but due to asset-light operation, the traditional bank credit mechanism is difficult to meet its capital needs. A financial institution increased the weight of the company's R&D capabilities, technological advantages, patent quality and other factors in the approval model, and provided the company with a credit line of 10 million yuan, which took care of the "seeds of scientific and technological innovation" with the "financial innovation factor". In recent years, from serving high-risk and high-growth technology-based enterprises to supporting rural industrial projects with long cycles and slow returns, the majority of financial institutions have adhered to integrity and innovation, and done a good job in product and service development, which has injected strong impetus into opening up new fields and new tracks for development and shaping new development momentum and new advantages. Facing the future, we will continue to promote financial innovation and development on the track of marketization and rule of law, and the road of financial development with Chinese characteristics will surely become more and more broad.
Historically, Chinese civilization has not only emphasized "consolidating the foundation and cultivating the yuan", but also advocated "reform and innovation". By forging ahead on a new journey, innovating in financial products and services, persevering in supporting the real economy to become better and stronger, and actively cultivating a financial culture with Chinese characteristics, we will be able to write a new chapter in the high-quality development of finance in the new era with the righteousness and vigor of integrity and innovation.
People** 2024-02-23 05 Edition).