On the morning of April 27, the Information Office of the Municipal Government held the third press conference series of "Creating a first-class business environment and building a new development pattern". Zhou Xiaoquan, director of the Municipal Local Financial Supervision Bureau, introduced the city's optimization of the financial business environment and improvement of financial service levels. Liu Xingya, deputy director of the Shanghai Headquarters of the People's Bank of China, Cao Guangqun, deputy director of the Shanghai Banking and Insurance Regulatory Bureau, and Wang Dengyong, deputy director of the Shanghai Securities Regulatory Bureau, attended the press conference press conference and answer questions from reporters.
In recent years, focusing on the needs of market entities, Shanghai has forged ahead and actively explored to create a first-class financial business environment that is market-oriented, ruled by law, and internationalized. The financial development ecology has been continuously optimized, the level of financial services has continued to improve, and the vitality of the financial market has fully burst out. The results are mainly reflected in five aspects:
First, continue to enhance the service capabilities for key areas and weak links, and create a good business environment for the high-quality development of the real economy. There are mainly two aspects. One is to build an investment and financing chain that serves science and technology innovation enterprises. Give full play to the "first mile" role of venture capital, and actively support the accelerated development of start-up scientific and technological innovation enterprises. Giving full play to the role of bank credit, technology-specific credit products such as "Technology Performance Loan" and "Science and Technology Innovation Assistance Loan" continued to improve. At the end of 2022, the loan balance of Shanghai technology-based enterprises will increase by 52% compared with the beginning of the year. Give full play to the demonstration and leading role of the Science and Technology Innovation Board, and become the first choice for "hard technology" companies to go public. As of the end of March, there were a total of 510 companies listed on the Science and Technology Innovation Board, with a cumulative IPO fundraising of 771.7 billion yuan and a total market value of 6.6 trillion yuan. Implement the "Light of Pujiang" action and build an important investment and financing center serving science and technology innovation enterprises across the country. The Science and Technology Innovation Financial Reform Pilot Zone and the Science and Technology Insurance Innovation Leading Zone have landed in Shanghai. The second is to escort the growth of small, medium and micro enterprises. Start the inclusive financial advisory system. Inclusive finance realizes "incremental expansion, quality improvement and price reduction". Deepen the application of big data inclusive finance, accumulatively serve 550,000 enterprises, and support the issuance of loans of 380 billion yuan. The scale of government financing guarantees has exceeded 200 billion yuan. According to the assessment report on the development environment of small and medium-sized enterprises issued by the Ministry of Industry and Information Technology, Shanghai's financing environment for small and medium-sized enterprises ranked first for three consecutive years.
Second, continue to expand high-level financial reform and opening up, and create a good business environment for the agglomeration and development of Chinese and foreign financial institutions. It is mainly reflected in three aspects. First, the status of the financial opening hub is more prominent. The Shanghai Pilot Free Trade Zone and the Lingang New Area have had a significant first-run trial effect. Free trade accounts have been created, cross-border two-way RMB capital pools have been launched, and pilot reforms of high-level open foreign exchange management for cross-border trade and investment have been carried out. "Shanghai-Hong Kong Connect", "Bond Connect" and "Shanghai-London Connect" have been launched one after another, and the "Swap Connect" will be launched soon. important progress has been made in the interconnection of financial markets. The international influence of "Shanghai Price" such as "Shanghai Gold", "Shanghai Oil" and "Shanghai Copper" is increasing day by day. The payment and settlement system has been continuously improved, and the RMB Cross-border Payment System (CIPS) business has basically covered the world's major economies. Started the construction of international reinsurance business platform. Second, the brand awareness of financial center cities is increasing day by day. Lujiazui Financial City took the lead in implementing the public governance structure of "industry co-governance + statutory institutions" in the country, and the carrying capacity of the financial agglomeration belt along the Huangpu River has been continuously improved. The Lujiazui Forum has been successfully held for 13 sessions and has become an internationally renowned high-end dialogue platform, and the 14th session will be held soon. The selection of the Shanghai Financial Innovation Award was carried out, and a large number of outstanding achievements with strong innovation and good demonstration emerged. The third is to speed up the gathering of Chinese and foreign financial institutions. The total number of licensed financial institutions in Shanghai reached 1,736, including 539 foreign-funded financial institutions. A series of the country's "first" and "first batch" of foreign-funded financial institutions have successively settled in Shanghai, and the types of institutions cover most of the latest business fields opened to foreign capital.
Third, continue to promote the digital transformation of the financial sector and create a good business environment for the empowerment of financial services. There are three main aspects. First, financial technology data resources are gradually enriched, supporting the establishment of the Shanghai Data Exchange and the construction of a local financial regulatory information platform. The second is the initial construction of the financial technology ecosystem, attracting and cultivating a large number of high-quality financial technology companies, and establishing the financial technology industry alliance and intelligent investment research technology alliance. The third is to advance major pilot projects in an orderly manner, and carry out pilot projects such as financial technology innovation regulatory tools of the People's Bank of China and financial technology innovation in the capital market. The implementation of digital renminbi pilots, key innovative scenarios such as digital renminbi cross-regional payments in the Yangtze River Delta have landed in Shanghai, and the construction of a financial technology center has achieved initial results.
Fourth, continue to form a financial rule system that is in line with international standards, and create a good business environment for better participation in international cooperation and competition. Mainly in three aspects. First, the construction of financial rule of law has been further advanced. It took the lead in establishing financial courts and financial arbitration courts nationwide. The Municipal People's Congress promulgated the "Regulations of Shanghai Municipality on Local Financial Supervision and Administration" and "Several Regulations on the Development of Green Finance in Shanghai Pudong New Area". Second, the construction of the credit and consumer protection system has been continuously improved. The Credit Information Center of the People's Bank of China was established in Shanghai, and the China Securities Small and Medium Investor Service Center, China Securities Capital Market Legal Service Center, Shanghai Financial Consumer Dispute Resolution Center, and Shanghai Banking and Insurance Industry Dispute Resolution Center were established. Third, the level of urban governance has been continuously improved. The "one-network service" and "one-network unified management" were further promoted. Financial risks are generally controllable and showing a trend of convergence. important phased results have been achieved in the battle to prevent and resolve major financial risks, and have been commended by the State Council for maintaining financial order and defusing financial risks.
Fifth, continue to build an international highland for financial talents, and create a good business environment for financial talents to take root. In-depth implementation of the "Shanghai Golden Talents" project, increased efforts to introduce overseas high-level financial talents, and continuously improve financial talent service policies to ensure that financial talents take root in Shanghai and work with peace of mind. There are more than 470,000 financial employees in Shanghai, and the quality of talents has been further improved.
Next, Shanghai will adhere to the general tone of the work of seeking progress while maintaining stability, benchmark the new requirements for high-quality development, benchmark the world's highest standards and best levels, improve the level of financial service convenience, strengthen the global resource allocation function, strengthen the prevention and resolution of financial risks, and maintain The safe operation of finance has created a financial and business environment that is near and far away, laying a solid foundation for Shanghai to further become a pioneer of Chinese-style modernization.
The first is to speed up the implementation of the national strategy and create an "upgraded version" of the international financial center. Implement the "Pudong Leading District Opinions", give full play to the advantages of Shanghai International Financial Center based on RMB assets, and enhance the core functions of the financial center. Taking the opportunity of establishing an international financial asset trading platform, we will innovate mechanism arrangements and use it as an institutional "transfer interface" for domestic and foreign financial markets to facilitate domestic and foreign investors to participate in my country's financial markets. Focusing on the development of RMB offshore transactions, through the supply of high-level systems, open up new development space in terms of rules, regulations, management, standards and other institutional openings, build an offshore RMB transaction center, and better coordinate the development of onshore business and offshore business. At the same time, we will further innovate international renminbi financial products and promote the pilot program of renminbi foreign exchange futures trading. Deepen the construction of a global asset management center and enhance the attractiveness of RMB assets.
The second is to deepen financial reform and opening up and build a global resource allocation function highland. Improve the financial market system, product system, institutional system, and infrastructure system to further increase the level of internationalization. Build an open and efficient financial market system, cooperate with the implementation of the reform of the stock issuance registration system in an all-round way, and improve the financing function of the capital market. In-depth exploration of high-level institutional opening up of finance, intensified risk stress testing in the Pilot Free Trade Zone and the Lingang New Area, and accelerated standardization of economic and trade rules. Cultivate a full range of financial product systems, increase the supply of financial derivatives, and enrich the varieties of commodities and financial futures and options. Improve the multi-level, wide-coverage, and high-level financial institution system, accelerate institutional agglomeration, and continue to promote the implementation of opening-up projects. Create an interconnected financial infrastructure system, promote the interconnection and unified opening of the inter-bank and exchange bond markets at a high level, and enhance domestic and international service capabilities.
The third is to provide high-quality financial supply, and strive to improve financing efficiency and reduce financing costs. Taking serving the real economy as the starting point and end point, improve the quality and efficiency of financial services for the real economy. Strengthen the coordination and cooperation of financial policies, fully serve the development of "3+6" key industrial clusters, especially science and technology innovation, small and medium-sized enterprises, and private enterprises, strengthen the linkage between financial centers and economic, science and technology innovation, trade, and shipping centers, and form a joint promotion of high economic growth. Quality development synergy. Improve the green investment and financing service system, and build an international green financial hub brand. Keep the bottom line of people's livelihood firmly in place, increase financial support for industries such as pensions, medical care, and health, and ensure key areas of people's livelihood.
The fourth is to maintain financial security and stability, and comprehensively improve financial governance and service levels. Deepen the construction of the rule of law and revise the regulations on the construction of an international financial center. Strengthen local financial supervision and support the healthy development of local financial organizations. Strengthen financial risk monitoring, early warning, prevention and resolution, and firmly hold the bottom line of preventing regional and systemic financial risks. Build a financial market transaction report database to improve the monitoring level of the financial market. Create a complete closed loop for the introduction and retention of financial talents, and introduce and retain financial talents with an international perspective and familiarity with international rules. Explore the pilot project of safe and orderly cross-border flow of financial data, and support the construction of an international data port in the Lingang New Area.