The role of finance in economy

1, financial support for urbanization

Accelerate the construction of local financial holding groups and improve the basic financial system. The strength of financial institutions is generally not strong, so it is of great significance to build local financial holding groups, which will help promote the integration of financial resources in the region and greatly enhance the comprehensive support ability for urbanization.

2. Financial support for agricultural modernization.

Accelerate the development of agricultural land mortgage loan financing system. Agricultural land mortgage loan is the core of agricultural land finance and an important measure to expand agricultural financing channels and optimize the allocation of agricultural resources. To this end, it is necessary to further promote the work of land confirmation in the province, seize the opportunity, ensure that the registration and certification of land confirmation is basically completed before the end of the year, and clarify the ownership of land property rights according to law.

3. Financial support for airport construction.

Develop aviation logistics financial services with supply chain financing as the core. Supply chain financing has increasingly become an extension of airport logistics and an important part of aviation finance. We can consider building a supply chain financing platform at the airport to realize the effective docking between financial institutions such as banks and supply chain enterprises.

4. Financial support for the reform of local state-owned enterprises

First, make use of domestic and foreign markets to speed up the overall listing process of provincial state-owned enterprises through asset injection, absorption and merger, and initial listing. Promote the transformation of state-owned assets management system to "manage capital", build a new type of state-owned assets management subject, and create Singapore's "Temasek" model.

Second, actively use the capital market, promote the merger and reorganization of high-quality characteristic resources, guide the state-owned capital in the province to concentrate on important infrastructure, public services, local characteristic industries and strategic emerging industries that need government investment guidance, and constantly withdraw from general competitive fields that do not have advantages.

Extended data

The core of finance is the exchange of value across time and space. All transactions involving the distribution of value or income between different times and different spaces are financial transactions. Finance is to study why the value exchange across time and space appears, how it happens and how it develops.

Key points of financial reform:

First, the marketization of interest rates should be broken through. In particular, he suggested giving full play to the role of the Shanghai interbank market, hoping to allow more financial institutions to participate, more varieties and more transactions.

It is suggested that the central bank can gradually narrow the spread of benchmark deposit and loan interest rates and promote commercial banks to develop other financial services. It is suggested to expand the floating range of interest rates of small and medium-sized financial institutions and set up deposit insurance companies to provide guarantee for interest rate marketization and commercial banks to strengthen competition.

Second, improve the financial organization system. He advocated the establishment of a bank insurance securities holding company based on China's national conditions. For example, the bank holding company, the bank itself can directly operate the main business, and at the same time can invest in the establishment of affiliated or holding insurance companies and securities companies.

In this way, they can provide better services for enterprise groups or multinational companies. It is necessary to continue to establish and improve various types of small and medium-sized financial enterprises, so as to form differences in their functions.

Third, there must be a breakthrough in expanding the ability to form social capital. He said that the loan growth rate is 5 percentage points higher than the capital growth rate, which means that the asset-liability ratio of enterprises remains high, and in fact, it is still rising in some places, which makes the risks of China's financial industry constantly gather, which is very dangerous.

Therefore, we should continue to standardize the development of the securities market, especially to guide institutional investors to invest in stocks. The conditions and procedures for the issuance of bonds (commercial bills) by the National Development and Reform Commission, the China Securities Regulatory Commission and the central bank should be standardized and gradually enter the unified market. The development of bond market can promote interest rate marketization and RMB internationalization.

Fourth, there must be a breakthrough in promoting capital account convertibility, that is, there must be a breakthrough in the internationalization of the RMB. He believes that there are conditions to speed up the reform in this area and more qualified foreign institutional investors and more investment quotas can be approved. At the same time, it is necessary to promote domestic capital to invest abroad.

References:

Xinhuanet: Give full play to the role of finance in economic transformation and development? Baidu Encyclopedia: Finance