Five Takeaways From China’s Central Financial Work Conference

The meeting agreed to establish a long-term mechanism to handle local government debt, along with a plan for the timely resolution of risks in small and midsize financial institutions

Earlier this week, China’s twice-a-decade Central Financial Work Conference (previously known as the National Financial Work Conference) took place in Beijing, where officials discussed the country’s priorities for the financial sphere over the next five years. There are five topics from the meeting to focus on.

Real economy

The conference emphasized that “high-quality development is the primary task in comprehensively building a modern socialist country, and the financial sector must provide high-quality services for economic and social development.” This entails:

- Creating a favorable monetary policy environment