First, we will continue to deepen the reform of state-owned commercial banks and policy banks. Continue to improve the corporate governance of listed banks, clarify the responsibilities of shareholders' meeting, board of directors, board of supervisors and senior management, improve the performance of directors, supervisors and senior management, and truly establish a corporate governance mechanism with scientific decision-making, strong implementation and effective supervision. Effectively promote the transformation of business development model and profit model. Strengthen internal control and establish a long-term risk management mechanism. Strengthen the reform of system of human resource management, establish a market-oriented human resource management system, and explore the reform of the salary system and incentive mechanism of commercial banks. Increase the information disclosure of listed banks. Vigorously strengthen the reform of grass-roots branches. We will continue to promote the reform of the Agricultural Bank and the preparation for listing, and strive to promote the construction of the "three rural" business division system. We will continue to deepen the reform of China Development Bank and Postal Savings Bank, and constantly promote the reform of Export-Import Bank and Agricultural Development Bank. Through deepening reform, we will accelerate the formation of a number of modern banks with sufficient capital, strict internal control, safe operation, high quality service, good efficiency, strong innovation ability and strong competitiveness.
Second, vigorously promote rural financial reform. In recent years, despite the continuous development of rural finance in China, due to various reasons, rural finance is still the weakest link in the whole financial system. To this end, it is necessary to speed up the cultivation of village banks, loan companies and rural mutual funds cooperatives, develop microfinance organizations in an orderly manner, and guide social funds to invest in the establishment of various new financial organizations that meet the needs of agriculture, rural areas and farmers. We will increase the support of policy finance for key areas and weak links in rural reform and development, and expand the field of agricultural development to support agriculture. Comprehensively deepen the reform of rural credit cooperatives. Comprehensively improve the quality and efficiency of rural financial operation, significantly improve the "three rural" financial services, and provide effective financial support for the construction of a new socialist countryside.
Third, vigorously promote the reform of financial services for small enterprises. Increase the supply of financial services for small enterprises through reform. Further encourage all kinds of banking financial institutions to set up different forms of small business credit franchise service institutions or small business service centers. Increase the number of outlets and expand the coverage of financial services for small enterprises. Strengthen the innovation of credit mechanism, improve the efficiency of loan approval, and innovate financial products and services. Take movable property, accounts receivable, warehouse receipts, equity and intellectual property pledge to alleviate the contradiction of insufficient mortgage and pledge of loans for small and medium-sized enterprises. We will implement support policies such as financing guarantee and interest subsidy for small and medium-sized enterprises, and establish multi-level loan guarantee funds and guarantee institutions for small and medium-sized enterprises. Increase the proportion of small and medium-sized enterprise loans in financial institutions, and ensure that the growth rate of credit supply for small enterprises in the whole year is higher than that of all loans, and the increase in credit supply is higher than that of the previous year. Commercial banks should implement differentiated supervision policies in developing SME credit business.
Fourth, continue to promote capital market reform. Steadily promote the pilot of margin financing and securities lending business, improve business rules in a timely manner according to the pilot situation, and gradually and orderly expand the scope of the pilot. Pay close attention to the preparatory work before the launch of stock index futures and launch stock index futures in a timely manner. Promote the overall listing of some restructured listed companies, and eliminate related transactions and horizontal competition problems left over from the restructuring and listing. We will steadily push forward the pace of reform in key areas and important links such as the construction of the Growth Enterprise Market (GEM) and the issuance system of new shares, introduce new varieties of securities and futures in an orderly manner to meet the needs of economic development, and continuously improve the vitality and efficiency of market operation. Vigorously promote the development of China's bond market, actively develop corporate bonds, corporate bonds, short-term financing bonds and medium-term notes, and standardize the development of credit rating agencies, so that China's bond market will gradually develop in a healthy, mature, perfect and open direction.
Fifth, continue to deepen the reform of the insurance industry and promote the sound and rapid development of the insurance industry. Consolidate and develop the results of reorganization and listing of insurance companies, and promote the overall reorganization of China PICC Group, the listing of China Pacific Insurance Group in Hong Kong and the reform of export credit insurance companies. Steadily promote the pilot project of commercial banks investing in the equity of insurance companies. Improve the governance and supervision of insurance companies. Actively and steadily promote the pilot reform of the insurance marketing system, encourage insurance companies to explore and improve the marketing model in light of their own reality, maintain the stability of the marketing team, and improve the quality of the marketing team. Improve service capabilities and continuously expand insurance coverage. Encourage all localities to carry out agricultural insurance pilots with local characteristics, explore and innovate the forms of "three rural" insurance organizations, and promote rural mutual insurance and village insurance pilots. Gradually expand the pilot scope of microfinance guarantee insurance. Promote the innovation of endowment insurance business. Guide the development and business transformation of professional health insurance companies. On the basis of the pilot, expand the coverage of liability insurance. Establish and improve the catastrophe insurance system. Promote the construction of internal control system, take internal control supervision as the starting point, plug the management loopholes of insurance companies and improve the management level. Improve the endogenous mechanism of independent development of the industry by cultivating the market; Straighten out the system and mechanism of industry development through the reform of company system; By perfecting the system, we will create a good environment for the development of the industry.
Sixth, deepen the reform of the foreign exchange management system. Further promote the reform of the verification system of import and export receipts and payments, and simplify the registration and management of trade credit. Enterprises are allowed to export foreign exchange and deposit it abroad, which further facilitates the flexible use of foreign exchange funds by enterprises. Promote the pilot project of RMB settlement of cross-border trade. We will continue to focus on expanding capital outflow channels and steadily promote the convertibility of RMB capital projects. Expand the foreign debt pilot of Chinese-funded enterprises and unify the foreign debt management policies of Chinese and foreign-funded enterprises. Improve the comprehensive foreign exchange creditor's rights and debts system.
Seventh, improve the coordination mechanism of financial supervision and actively participate in the formulation of international financial rules. Strengthen the coordination and cooperation between the People's Bank of China and institutions such as the China Banking Regulatory Commission, the China Securities Regulatory Commission and the China Insurance Regulatory Commission, and improve the ability to monitor and control systemic financial risks. Strengthen macro-prudential and micro-prudential supervision, explore counter-cyclical supervision, and constantly improve the forward-looking supervision mechanism. Strengthen capital supervision and liquidity risk supervision. Promote the establishment of a deposit insurance system. Promote the reform of the international monetary system and actively promote the reform of the IMF's share and governance structure. Actively participate in the discussion and formulation of international financial supervision standards. Strengthen the tracking and evaluation of the international financial situation to prevent cross-border financial risk contagion. Severely crack down on all kinds of illegal acts. Strive to guard against various financial risks and ensure the stability and security of the financial system.