On October 30-31，2023，the Communist Party of China (CPC) Central Committee convened the central financial work conference following the institutional restructuring of both the CPC Central Committee and the State Council in 2023. This conference laid out fundamental principles and action guidelines for China’s future high-quality financial development.

Key Contents of the Central Financial Work Conference

The world is currently experiencing unprecedented changes，and China is also undergoing profound changes and is striving to build itself into a modern socialist country that excels in every respect. In alignment with this vision，the CPC Central Committee convened its first central financial work conference after the institutional restructuring in 2023 on October 30-31. The conference held a defining moment when it set a goal of turning China into a leading country in finance for the first time，which required unswerving support for financial the development with Chinese characteristics. This conference had four key features compared to previous ones.

Firstly，it introduced the goal of accelerating the construction of a leading country in finance for the first time，which is an indispensable prerequisite for China's modernization and a fundamental guarantee for the great rejuvenation of the Chinese nation. The CPC Central Committee outlined in the conference the focus on enhancing the construction of a leading country in finance，emphasizing high-quality financial development，financial supply-side structural reform，and the significant contribution of building a strong nation and achieving national rejuvenation through high-quality financial development.