TechFlow, October 24 — According to Jinshi Data, the Party Committee of the People's Bank of China convened a meeting to convey and study the spirit of the Fourth Plenary Session of the 20th Central Committee. The meeting emphasized the need to continuously deepen structural reform in financial supply. It called for advancing the "five major initiatives" in financial services:科技金融 (technology finance), green finance, inclusive finance, pension finance, and digital finance, enhancing the alignment of financial services with the real economy, and supporting key and vulnerable areas of the national economy. The meeting stressed improving the policy framework for technology finance and strengthening the capacity, intensity, and level of financial support for technological innovation. It urged promoting more rational scale, structure, and regional distribution across all types of financial institutions. Building a standardized, transparent, open, dynamic, and resilient financial market system was highlighted, along with constructing a safe and efficient financial infrastructure system. Steady progress in the research, development, and application of the digital RMB was also emphasized.
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