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CDB Conveys and Studies the Spirit of the Fifth Plenary Session of the 19th CPC Central Committee

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Time:2020-10-30  Source:CDB

On October 30, 2020, CDB held a bank-wide Party member meeting to promptly convey and study the spirit of the Fifth Plenary Session of the 19th CPC Central Committee (the “Plenary Session”) as well as mobilize all bank employees and develop plans for them to learn and put into practice the spirit of the Plenary Session. Zhao Huan, Secretary of the CPC Committee of CDB and Chairman of CDB, delivered a speech at the meeting, which was chaired by Ouyang Weimin, Deputy Secretary of the CPC Committee of CDB and President of CDB. Zhou Qingyu and He Xingxiang, Members of the CPC Committee of CDB and Executive Vice Presidents of CDB, attended the meeting.

It was pointed out at the meeting that the Plenary Session is of milestone significance, which was held during the historical intersection of achieving China’s Two Centenary Goals and the critical period when the world is undergoing profound changes unseen in a century. The Plenary Session, in light of the basic conditions for constructing a moderately prosperous society in all respects, formulated long-range objectives for the first fifteen years of the “two fifteen years” strategic development plan proposed at the 19th CPC National Congress, and launched the first Five-Year Plan of China’s new journey to build itself into a modern socialist country over the next 30 years. The Plenary Session, which has identified the direction for and injected new and strong impetus to China’s economic and social development, will definitely exert massive and far-reaching impacts on achieving the great rejuvenation of the Chinese nation and socialist modernization of China.

It was stressed at the meeting that in the face of a complicated international environment, arduous tasks involved with domestic reform, development and stability, and the sudden outbreak of COVID-19, the CPC Central Committee with Xi Jinping at its core has united and led all Chinese people to guide China to accomplish historical achievements in all aspects of economic and social development, laying a solid foundation for the country to embark on a new journey to build itself into a thoroughly modern socialist country. These achievements, more than anything else, are attributable to General Secretary Xi Jinping who acts as the navigator and helmsman of the entire Party, the strong leadership of the CPC Central Committee with Xi Jinping at its core, and the rational guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era.

It was pointed out at the meeting that studying and putting into practice the spirit of the Plenary Session are major political tasks at present and for the near future. CDB should focus on studying and putting into practice the spirit of the Plenary Session with a strong sense of political responsibility and historical mission, align the thinking and actions of all cadres and employees with the spirit of the Plenary Session, and ensure that wisdom and strength are directed toward fulfilling the objectives and tasks set by the Plenary Session, so as to better serve economic and social development through development finance.

The meeting made arrangements for CDB’s future work on studying and putting into practice the spirit of the Plenary Session. Firstly, CDB should learn and publicize the spirit of the Plenary Session to constantly solidify the ideological foundation for the bank to put into practice the spirit of the Plenary Session. CDB should carry out extensive and in-depth study and publicity of the spirit of the Plenary Session, promptly organize employees to convey the spirit of the Plenary Session, earnestly conduct education and training, strengthen transformation of learning achievements, and implement the strategic plans of the Plenary Session through CDB’s specific work in serving national strategies. Secondly, CDB should draw up brilliant strategic plans in accordance with national development blueprints. CDB should strengthen research and analysis of the situation, align its work with the 14th Five-Year Plan and the long-range objectives through 2035, strengthen coordination and cooperation, clarify the general guidelines, principal objectives and specific measures for CDB’s future development, and incorporate relevant national requirements into its strategies. Thirdly, CDB should improve the effectiveness of development finance policies with a focus on the key tasks of economic and social development during the 14th Five-Year Plan period. It is imperative for CDB to accurately identify service priorities, deepen cooperation between CDB and governments, give play to the advantages of development finance, and increase development finance’s support for areas of priority and weakness, so as to help promote economic development and social harmony as well as to enable the people to enjoy a stronger sense of fulfillment, happiness, and security. Fourthly, CDB should make coordinated efforts to foster development while ensuring security and persistently tighten risk prevention and control. It is essential for CDB to take serving the real economy as the fundamental measure to prevent financial risks, constantly improve risk management systems, and enhance abilities to deal with emergencies. On the basis of ensuring the completion of the three-year tasks of preventing and resolving major risks, CDB should be well prepared to handle new risks and challenges, and continuously enhance the initiative to prevent and tackle financial risks. Fifthly, CDB should deepen reform and innovation and enhance development finance’s capacities to stimulate economic and social development. It is vital for CDB to focus on its major responsibilities and business areas, give play to the role of strategic tools and policy tools, reform its internal systems and mechanisms, improve its governance systems, facilitate innovation of financing models, support market-oriented reforms of investment and financing systems in key areas, give better play to the role of development finance as a bridge between governments and markets, and contribute to better coordination between effective markets and promising governments. Sixthly, CDB should strengthen Party building to provide strong underpinnings for advancing reform and development as well as serving national strategies. It is necessary for CDB to uphold the centralized and unified leadership of the CPC Central Committee, improve capabilities of guiding reform and development through Party building, create a clean and upright atmosphere in which people earnestly conduct their work, fully exercise Party leadership, and keep on improving the quality of Party building.

The meeting called on all CDB cadres and employees to unite more closely around the CPC Central Committee with Xi Jinping at its core to (1) strengthen consciousness of the need to maintain political integrity, think in big-picture terms, follow the leadership core, and keep in alignment with the central Party leadership; (2) stay confident in the path, theory, system, and culture of socialism with Chinese characteristics; and (3) uphold General Secretary Xi Jinping’s core position in the CPC Central Committee and in the Party as a whole, and uphold the CPC Central Committee’s authority and its centralized, unified leadership. CDB should conscientiously fulfill responsibilities and missions of development finance, better serve national strategies, realize high-quality development, and make greater contributions to completing targets and tasks listed in the 13th Five-Year Plan as well as to laying a concrete foundation for carrying out the 14th Five-Year Plan.