Central Economic Work Conference: Advancing Quality Improvement in Small and Medium Financial Institutions and Deepening Capital Market Reforms

Deep News12-11

The Central Economic Work Conference was held in Beijing from December 10 to 11. The conference outlined key tasks for next year's economic work, emphasizing reform-driven initiatives to enhance high-quality development.

Key measures include formulating regulations for a unified national market to address excessive internal competition, implementing further reforms for state-owned enterprises, and refining supportive policies for the private economy. Efforts will also focus on clearing overdue payments to businesses and fostering win-win development among platform companies, their operators, and workers.

Additionally, the conference highlighted expanding pilot reforms for market-oriented resource allocation and improving the local taxation system. Notably, it called for advancing the reduction in quantity and quality improvement of small and medium Financial Institutions (金融机构) while deepening comprehensive reforms in capital market financing and investment.

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