BEIJING, Sept. 10 — China has issued a plan to strengthen its financial sector during 2026-2030, focusing on preventing financial risks, strengthening financial supervision, and promoting high-quality development.
The office of the Central Financial Commission formulated the plan in coordination with relevant financial authorities, said Lu Lei, deputy governor of the People’s Bank of China, at a press conference on Thursday.
By 2030, China aims to put in place the overall framework of a modern financial system with Chinese characteristics, ensure that financial regulation policies are well coordinated and effective, optimize the structure of the financial system, ensure rigorous and effective financial supervision, and make financial risk prevention and control targeted and efficient, according to the plan.
Other goals for 2030 include continued improvements in the quality and effectiveness of financial support for economic and social development, a comprehensive legal framework for the financial sector, steady expansion of high-standard financial opening up, and continued increases in the sector’s international influence and competitiveness.
The plan aims to largely establish a highly adaptive, competitive, and inclusive modern financial system with Chinese characteristics by 2035, laying a solid foundation for further boosting China’s strength in finance.
Key tasks outlined in the plan include improving the financial macro-regulation system, strengthening financial supervision, effectively preventing and defusing financial risks, serving the real economy more proactively and effectively, promoting high-quality development of the financial sector, and expanding high-standard financial opening up.
(Namibia Daily News/Xinhua)
