Building a more resilient financial system is critical to doing that successfully, with the aim that the financial system helps to smooth the peaks and troughs rather than accentuate them. It is important to look at why this is relevant for the economy and society.
Green finance should be developed to secure effective financial support in achieving carbon-neutrality as committed. The development of technology-empowered finance should be promoted to support independent innovation and technological self-reliance. The most prominent task now is to further increase the share of direct financing. Bond and equity financing contributed 37 per cent to the growth of aggregate social financing last year.