China has introduced new guidelines aimed at accelerating the growth of its financial sector, with a particular emphasis on technology, green development, and pension services. The guidelines were reported by Xinhua News Agency, outlining the government’s strategy to strengthen the financial services sector in five key areas: technology finance, green finance, inclusive finance, pension finance, and digital finance.
According to the General Office of the State Council, the new guidelines are designed to enhance financial support for the real economy, ensuring that financial policies are closely aligned with advancements in technology, industry, taxation, and fiscal measures.
One of the key focuses of the guidelines is to boost financial support for major national scientific and technological projects, as well as for small and medium-sized enterprises (SMEs) in the tech sector. Financial resources will also be directed toward promoting green development and supporting low-carbon transition efforts.
In addition, the government plans to create a comprehensive, multi-tiered financial system that offers tailored products and services for micro, small, and medium enterprises (MSMEs), private businesses, rural development, and social welfare sectors.
A critical component of the guidelines also addresses China’s aging population. The government aims to expand financial services in the pension sector, focusing on strengthening the development of a multi-tiered old-age insurance system to support the growing silver economy.
Related topics
