On September 3rd, Guangzhou held a press conference on the 14th Five-Year Plan for financial development. According to Qiu Yitong, Party Secretary and Director of Guangzhou Local Financial Supervision Bureau, the 14th Five-Year Plan for Financial Development in Guangzhou (hereinafter referred to as the Plan) will be officially issued and implemented in the near future.
Experts and scholars believe that "Planning" has become a road map and navigator for Guangzhou's financial development in the next five years and even in 2035, providing a clear positioning and strategic policy for Guangzhou's financial reform and development.
Establish risk management center and strengthen the function of pricing center.
This blueprint for Guangzhou's financial development in the 14th Five-Year Plan period defines the path and direction of Guangzhou's financial reform and development, and summarizes the overall orientation of Guangzhou's financial development in the 14th Five-Year Plan period as building "three centers, one benchmark and one highland".
According to Qiu Yitong's introduction at the press conference, the "three centers" are to build the Guangzhou Futures Exchange with high standards, develop a complete futures industry chain, attract global investors and various enterprises to participate extensively, explore the formation of international standards, and build a risk management center. Accelerate the construction of high-end financial agglomeration functional areas, gather institutions, talents, businesses and funds, and build a global wealth management center and an influential international financial resource allocation center.
Why is it so important to build a risk management center with high standards? Ren Zhihong, director of the Hong Kong, Macao and Taiwan Research Center of Guangdong Academy of Social Sciences, believes that Guangzhou, as an important commodity pricing center in China and even Southeast Asia, needs financial tools as a means of value discovery. Building a risk management center based in Guangzhou, radiating from Greater Bay Area and facing the whole country is of great value and significance for promoting the high-quality development of production, processing and trade in related spot industries, strengthening the function of pricing centers and promoting industrial transformation and upgrading.
"A highland" is to take the construction of Guangzhou Green Finance Reform and Innovation Experimental Zone as the core, speed up the improvement of green financial institution system, innovate green financial service products, broaden green financing channels, and create a highland for green financial innovation and development that leads the country and affects the world.
In Ren Zhihong's view, "Planning" has become a road map and navigator for Guangzhou's financial development in the next five years and even in 2035. This "road map" shows that Guangzhou's financial development is at the same frequency as Guangzhou's economic and social development. "Focus on improving the ability of financial services to the real economy and realize the integrated development of industry, finance and technology."
Yi Xingjian, dean of the School of Finance of Guangdong University of Foreign Studies, believes that the plan provides a clear positioning and strategic policy for Guangzhou's financial reform and development.
Cultivate a licensed financial control group with national influence
According to the development orientation, the plan puts forward the main goals of Guangzhou's financial industry development during the 14 th Five-Year Plan period, including the overall goals and industry goals.
"The overall goal of Guangzhou Finance is that by 2025, the comprehensive financial strength will be significantly improved and the ability of financial services to the real economy will be continuously enhanced. The added value of the city's financial industry will account for 9.5% of GDP; The total assets of the financial industry exceed 1 1 trillion yuan. " Qiu Yitong said that during the 14 th Five-Year Plan period, the competitiveness and influence of corporate financial institutions in Guangzhou will continue to increase, and the tax revenue of the financial industry will reach 70 billion yuan; The radiation power of financial trading platforms has been significantly improved, and 1-2 national trading platforms have been created; Cultivate 1-2 licensed financial holding group companies with national influence.
Regarding the cultivation of licensed financial holding companies with national influence, Ren Zhihong believes that Guangzhou Financial Holdings is supported to apply for a license as a financial holding company because it is a local financial institution with financial assets second only to Everbright and CITIC, ranking higher than other indicators of Guangzhou's financial development. "Guangzhou Jinkong has obtained the license of a financial holding company and can become the ballast stone for the development of local finance in Guangzhou."
On this basis, the plan sets 12 indicators for four industries: banking, insurance, securities fund futures and local finance.
It is worth noting that the plan proposes to optimize the financial regional layout and enhance the comprehensive financial competitiveness. Some measures are put forward, such as Yuexiu District to promote the national industrial integration pilot city, Tianhe District to build a Guangdong-Hong Kong-Macao financial cooperation demonstration zone based on an international financial city, Huangpu District to explore the construction of Guangdong-Hong Kong-Macao Greater Bay Area Kechuang financial demonstration zone, Nansha District to build a pilot free trade zone financial innovation demonstration zone, and opening up the financial industry.
In Yi Yijian's view, 1 1 The different financial development orientations of each district are the requirements for realizing economies of scale and division of labor and cooperation. "According to the actual situation and characteristics of different regions, formulating different financial development orientations is conducive to giving full play to their respective advantages, fostering strengths and avoiding weaknesses, and dividing labor and cooperation to maximize overall economic benefits."
"The financial development orientation of 1 1 District is' one village, one product, one town and one industry' in Guangzhou Financial Edition." According to Ren Zhihong's evaluation, the financial development in 1 1 has distinctive features and a clear division of labor, which minimizes the extensive mode of internal homogeneous competition, low-level duplication and internal friction development.
Strive for the pilot project of digital RMB in Guangzhou and seize the standard discourse right of digital assets.
Closely following the orientation and development goals of Guangzhou's financial development in the Tenth Five-Year Plan, the plan puts forward 12 key tasks, which can be summarized as "enhancing ten capabilities and enhancing two influences".
"The top ten capabilities include * * * building an international financial hub in Guangdong-Hong Kong-Macao Greater Bay Area and improving the ability to allocate financial resources; Optimize the financial service system and enhance the financial supply capacity; Build a financial system for scientific and technological innovation and enhance the ability of finance to support scientific and technological innovation; Promote digital financial innovation and enhance financial technology service capabilities. " Qiu Yitong interprets this.
Digital finance has been repeatedly mentioned in planning. Yi Xingjian's analysis shows that the planning has promoted "accelerating digital development" to a new strategic height. The development of digital finance in Guangzhou will radiate and drive the traditional financial industry in the whole province and even in Greater Bay Area to transform into digitalization and intelligence. "It is conducive to reducing transaction costs, improving financial accessibility and strengthening risk management, thus promoting the consumption of residents and enterprises, as well as the investment of small and medium-sized enterprises in the real economy."
Focusing on the objectives and main tasks defined in the Plan, Guangzhou has planned a number of key financial projects and work, including 40 key projects and work, including establishing a futures industrial park with Guangzhou Futures Exchange as the core, promoting the establishment of Guangdong-Hong Kong-Macao Greater Bay Area International Commercial Bank, striving for the pilot of digital RMB in Guangzhou, promoting the establishment of insurance after-sales service centers in Hong Kong and Macao, and supporting Guangzhou Financial Holding Group to apply for the license of financial holding company.
"Futures Industry Chain" is a colorful part of the plan. Yi said that the establishment of the futures industrial park is conducive to industrial agglomeration and the formation of a complete industrial chain, including futures companies, futures warehouses, financial services institutions, law firms, accounting firms, etc., which is conducive to reducing costs and increasing efficiency and forming economies of scale.
It is not difficult to analyze that Guangzhou clearly put forward "striving for the pilot project of digital RMB in Guangzhou". Striving for the pilot project of digital RMB in Guangzhou is conducive to realizing the digitalization and convenience of Guangzhou citizens' payment, further improving the efficiency of fund management and distribution, and providing reference for promoting digital RMB in other parts of the country. Ren Zhihong further commented that this means that Guangzhou has seized the right to speak and a new highland in the formulation of digital asset standards, and it is very important to enhance Guangzhou's influence in the national and even global digital finance field.
Qiu Yitong said that through 40 key projects and work, key projects can be implemented to promote the implementation of the plan and provide important support for the high-quality development of Guangzhou Finance in the next five years or even longer.
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Strategic direction of high-quality development of Guangzhou's financial industry
The 14th Five-Year Plan for Guangzhou's financial development was officially released. This programmatic document to promote the high-quality development of Guangzhou's financial industry plans the strategic direction, action objectives, main tasks and key projects for Guangzhou to promote the high-quality development of the financial industry in the next five years.
12 key tasks
Enhance ten abilities and enhance two influences.
1 *** Build Guangdong-Hong Kong-Macao Greater Bay Area into an international financial center and enhance the ability to allocate financial resources.
2. Optimize the financial service system and enhance the financial supply capacity.
3. Build a financial system for scientific and technological innovation and enhance the ability of finance to support scientific and technological innovation.
4. Promote digital finance innovation and enhance financial technology service capabilities.
5. Develop inclusive finance and enhance the ability of small and medium-sized micro-loans.
6. Vigorously develop green finance and enhance the ability of green development.
7. Gather strength to promote the construction of the futures market and enhance the risk management capability.
8. Optimize the regional financial layout and enhance the comprehensive financial competitiveness.
9. Optimize the local financial supervision system and mechanism and enhance the ability to prevent and resolve financial risks.
10 Optimize the financial business environment and enhance the financial development capability.
1 1 Promote open financial cooperation and continuously enhance the international influence of Guangzhou Finance.
12 Promote the construction of financial talents and financial culture, and further enhance the influence of financial culture in Guangzhou.
40 key projects and work
(Some important items are as follows)
Promote the establishment and operation of key institutions to serve the construction and development of Greater Bay Area.
Establishment and operation of major institutions:
Guangzhou Futures Exchange
Guangdong-Hong Kong-Macao Greater Bay Area International Commercial Bank
Hong kong and Macao insurance after-sales service center
High-level construction of financial carrier;
Development and Construction of Guangzhou International Financial City
Guangzhou Green Finance Reform and Innovation Experimental Zone
Building a Sino-Singapore Guangzhou Knowledge City
……