Xinhua News Agency, Beijing, March 5th. In order to implement the decisions and deployments of the CPC Central Committee and the State Council, promote the "five major articles" of science and technology finance, green finance, inclusive finance, pension finance, and digital finance, and accelerate the construction of a financial power, the General Office of the State Council recently issued the "Guiding Opinions on Doing the "five major articles" of finance" (hereinafter referred to as the "Guiding Opinions"), and put forward relevant opinions.

The Guiding Opinions are guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, adhere to and strengthen the Party’s overall leadership over financial work, adhere to the fundamental purpose of financial services to serve the real economy, adapt to the strategic needs, stage characteristics and structural characteristics of high-quality economic and social development, deepen financial supply-side structural reform, strengthen the coordination and cooperation between financial policies and science and technology, industry, finance and taxation and other policies, effectively strengthen high-quality financial services for major strategies, key areas and weak links, and support the development of new quality productivity according to local conditions.

The "Guiding Opinions" clarify the key areas and main focus points of the "five major articles" in finance. Science and technology finance strengthens financial support for major national scientific and technological tasks and technology-based small and medium-sized enterprises, and strives to invest early, small, long-term, and hard technology. Green finance insists on "establishing first and then breaking", and coordinates support for green development and low-carbon transformation. Inclusive finance improves a multi-level, wide-coverage and sustainable system, and optimizes the supply of products and services in key areas such as small and medium-sized enterprises, private enterprises, rural revitalization, and social livelihood. Pension finance strengthens financial support for the silver economy and serves the development of a multi-level and multi-pillar pension insurance system. Digital finance accelerates the digital transformation of financial institutions and improves the digital financial governance system.

The "Guiding Opinions" proposes policy measures to do a good job in the "five major articles" of finance from three aspects. First, improve the service capabilities and support intensity of financial institutions. Guide all types of financial institutions and equity investment institutions to base themselves on their functional positioning and provide financing support for major national strategies and key areas. Improve and perfect the organizational management system, product service system, digital-driven financial business operation system and risk management system. The second is to strengthen the financial market and infrastructure service functions. Support bonds, equity, foreign exchange and other financial markets to enrich product spectrum and risk management tools, and optimize basic institutional mechanisms. Cultivate a financial market ecology in which financial institutions interact circularly with professional intermediary service institutions, and strengthen the construction of relevant supporting facilities. The third is to strengthen policy guidance and supporting support. Give full play to the dual functions of total monetary and credit policies and structure, strengthen the joint efforts of fiscal, monetary and regulatory policies, and strengthen incentives and guidance for financial institutions. Establish and improve the standard system and support mechanism, and promote relevant reform pilot projects in a safe and orderly manner.