Premier Li Qiang presides over meeting of Central Financial Commission

A meeting of the Central Financial Commission chaired by Premier Li Qiang on Monday reviewed and approved the division of responsibilities for key tasks related to promoting high-quality development in the financial sector, and emphasized the need to improve the quality of financial services for economic and social development.

The commission was established based on a wide-ranging plan to reform Party and State institutions, which was jointly issued by the Communist Party of China Central Committee and the State Council in March. It aims to strengthen the Party's centralized and unified leadership in financial supervision and management. Li is the director of the commission.

Participants in the meeting called for greater support of the financial sector for the nation's major strategies, key areas and weak links in socioeconomic development while maintaining a stable monetary policy.

They emphasized the need to unveil specific policies and measures to promote the steady and long-term growth of the financial sector, with a focus on the areas of technological finance, green finance, inclusive finance, pension finance and digital finance.