An article by Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee, outlining China’s approach to financial development and the strengthening of national financial capacity, is set to be published on Sunday, according to official announcements.
The article focuses on advancing a path of financial development with Chinese characteristics, a formulation that centres the real economy, national security, and long-term stability in monetary policy. It reiterates the CPC’s leadership over financial work and frames finance as a strategic pillar underpinning high-quality development, technological self-reliance, and social stability.
Xi’s exposition emphasises that finance must serve the real economy rather than speculative activity. This includes improving the allocation of capital to advanced manufacturing, innovation-driven sectors, small and medium-sized enterprises, and key areas linked to people’s livelihoods. The article underscores the importance of preventing systemic financial risks, strengthening regulatory coordination, and maintaining the bottom line of no major financial turmoil.
A central theme is the balance between development and security. The piece stresses enhancing the resilience of China’s financial system amid external uncertainties, including global monetary tightening, geopolitical frictions, and volatile capital flows. It highlights the need to improve macro-prudential management, refine financial supervision, and guard against risks in areas such as local government debt, real estate finance, and shadow banking, while ensuring orderly market operations.
The article also addresses institutional reform. It calls for deepening reform of the financial system to improve efficiency, transparency, and governance, while preserving China’s socialist market economy framework. This includes strengthening the modern central banking system, improving policy transmission, and fostering a diversified, multi-layered capital market that better supports innovation and long-term investment.
Another key element is opening-up on China’s own terms. The article supports steady, rules-based financial opening while insisting on alignment with national conditions and risk control. It promotes participation in global financial governance and cooperation, alongside safeguarding financial sovereignty.
Overall, the article presents a coherent policy blueprint: finance as a tool for national development, disciplined by robust regulation and guided by party leadership. For policymakers and markets alike, it signals continuity in China’s financial strategy prioritising stability, service to the real economy and incremental reform, at a time of heightened global economic uncertainty.