The reporter learned from Chongqing local financial supervision and administration that recently, the people’s Bank of China, the national development and Reform Commission and other departments jointly issued the plan for Chengdu and Chongqing to jointly build a western financial center, which puts forward the goal of initially building a western financial center by 2025.
The plan is divided into three parts: “overall requirements”, “main tasks” and “safeguard measures”. It is proposed that by 2025, the western financial center will be preliminarily completed. The financial system and mechanism have been further optimized, the innovation vitality of financial institutions has been continuously enhanced, the degree of financial openness has been significantly improved, the financial ecological environment has been significantly optimized, and the financial business environment ranks in the forefront of the country.
By 2035, the position of the western financial center will be more consolidated. One belt, one road and one more channel, will be established to support the development of regional industry, lead the whole country’s high quality development, the western land trade and China’s international double circulation. The financial services will be more perfect and the international influence of western financial centers will be enhanced.
The plan defines seven main tasks: accelerating the formation of a competitive organizational system of financial institutions and enhancing the vitality of financial innovation and comprehensive service capacity; Build a financial market system with regional radiation and enhance the ability and influence of financial resource allocation; Build a modern financial service system to support high-quality development and promote the implementation of major national development strategies; Build a financial innovation system serving high-quality development and create a new engine of innovation driven development; Build an inland financial open system that supports global capital allocation and improve the ability to serve China’s international double cycle; Build a transparent and efficient financial ecosystem ruled by law and create a safe and stable financial development environment; Promote the interconnection of financial infrastructure and consolidate the foundation for the construction of western financial center.
In addition, the plan also refined various safeguard measures from the aspects of strengthening organization and coordination, optimizing policy support, strengthening talent team construction and strengthening supervision and management.
