Finance: A Crucial National Tool
Finance is regarded as a vital instrument of a nation, which some people might still find unfamiliar. In the eyes of the general public, it is often perceived that advanced technology and high-tech products, such as sophisticated machinery and cutting-edge weapons, are the true instruments of national strength.
Indeed, these hard technological capabilities are indeed vital instruments of a nation, but finance is equally so, primarily when considered from the perspective of "soft power." This is because finance plays an essential role in the economic development of a country and the enhancement of its international competitiveness. It is the lifeblood of economic development and the foundation of stability. Especially on the journey towards the great rejuvenation of the Chinese nation, it is necessary to promote the construction of a financial powerhouse to accelerate the high-quality development of finance, providing strong support for the comprehensive advancement of Chinese-style modernization and truly standing among the nations of the world.
Finance is the "blood activator" of China's economic and social system. Finance is closely related to our socio-economic activities and the lives of the people. Although the economy is the foundation of finance, finance can have a strong reciprocal effect on economic development. The more a modern nation is built, the more the financial industry needs to take the lead. Without modern finance, there can be no modern economy, and certainly no highly developed market economy. The more developed finance is, and the more advanced and superior its mechanisms are, the stronger the country's comprehensive economic strength becomes. In particular, the development and recovery of real enterprises and the revitalization of the national economy cannot be separated from the "nourishment" of finance for a moment. Moreover, various market economic entities are like the trunk and blood vessels of a country's economy, and finance is the blood flowing through this trunk and blood vessels. Without blood, the entire economy will stagnate and eventually "collapse." Therefore, if our country wants to improve its comprehensive economic strength and intends to surpass the United States to become the world's largest economy by the middle of this century, it is essential to solidify and excel in the grand project of building a financial powerhouse.
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Finance is the "regulator" for achieving social equity and justice. The ultimate goal of advancing the modernization of our socialist country is to achieve social equity and justice, allowing everyone to live a happy life and share the dividends of social progress and economic development. To achieve this goal, the design of social systems is fundamental and certainly very important. However, finance can also play a significant role in this process. It can leverage its role as the "nerve center" of financial regulation and resource allocation, such as requiring the development of inclusive and digital finance, vigorously promoting inclusive finance, and vigorously developing digital finance, to achieve a tilt of finance towards special industries and groups. This extends the benefits of inclusive finance to more socially disadvantaged financial groups, allowing them to receive more and greater "support" and enjoy more financial "sunshine and rain." Therefore, to fulfill the political aspirations of the ruling party—to truly reflect the political and people-oriented nature of financial development—vigorously developing China's modern finance is undoubtedly the most urgent and practical means.
Finance is a powerful "nuclear weapon" for breaking through the bottlenecks in the development of new quality productive forces. The current competition between nations is essentially a contest of technological hard power. However, the development of technological hard power cannot be separated from strong financial support. The United States' economic prosperity and robust technological strength are attributed to its financial system being the largest in the world, which has provided tremendous momentum for the United States to lead in global technology. We are currently at a critical stage where the economy is moving towards high-quality development, and at this stage, it is urgent to vigorously develop new quality productive forces and break through all the "bottlenecks" that constrain China's economic growth. To facilitate rapid breakthroughs and achievements in China's new quality productive forces, the state has called for the development of science and technology finance. The goal is to continuously adapt finance to the requirements of China's scientific and technological development and provide strong financial support for breakthroughs in key and significant production technologies. This requires the financial industry to provide "meticulous care" in promoting the construction of China's technological hard power and new quality productive forces with significant and key technologies in the future, fully releasing the "nuclear potential" of finance. At the same time, by providing adequate insurance services, it ensures the research and development and production of major technical equipment in our country, promoting the transformation of our country from a manufacturing power to a manufacturing powerhouse.
Finance is the "detector" for deeply participating in global economic competition. For China's economy to deeply integrate into the world and participate in international economic competition, it is inevitable to be inseparable from the modernization and globalization of finance. It is necessary not only to establish a complete modern financial regulation system, modern financial market system, modern financial institution system, and modern financial supervision system to promote high-quality development of finance but also to require China's financial industry to establish a modern perspective, open its eyes to the world, absorb advanced financial concepts and financial development achievements from around the world, focus on the innovation and development of the financial industry, and continuously accelerate the opening up of China's financial industry to the outside world. This provides "considerate" financial services for Chinese enterprises to go out and participate in global economic competition and creates a favorable financial atmosphere for global investors to invest and settle in China. It is clear that to win the economic competition of our country and accumulate a solid foundation for rising to become the world's largest economy, the development and strength of the financial industry are indispensable.
Finance is the "rallying call" for realizing the Chinese dream of a strong country. If our country wants to truly become a world economic powerhouse, it must accelerate the construction of a financial powerhouse. That is, the penetration, influence, and motivation of finance on China's economy must be unprecedentedly "high." This is undoubtedly a general mobilization order to all the people of China to build a strong financial country. To ensure the realization of this goal, the financial industry must urgently formulate, revise, supplement, and improve various basic systems, especially to improve various internal control foundations, solidify the fence for preventing financial risks, including credit allocation, financial operations, and team building, to avoid financial corruption and ensure that the financial industry always operates on a healthy and sustainable development track, ensuring national financial security and laying a solid "financial soil" for the recovery and takeoff of China's economy.