The top priority of the financial sector is to support the development of the real economy, Shanghai Securities Journal quoted industrial insiders as saying recently.
Enterprises need financial support and at the same time, financial support for the real economy should be put into practice, said Wu Xiaohui, chairman of Anbang Insurance Group.
Wu also pointed out that insurance industry should spare no efforts to uphold the real economy and provide financial support for good companies in a bid to become a long-term value investor and make a greater contribution to the real economy.
Finance is the core of modern economy, said Lv Jiajin, president of the Postal Savings Bank of China (PSBC), adding that as China's economy was in a critical period of transformation and upgrading, financial industry should bravely step forward to support the development of the real economy.
Financial writer Wu Xiaobo said that though the year 2016 witnessed a cluster of "black swan" events in both domestic and international markets, new business models and new leaders appeared after the transformation of the real economy and the new middle class is becoming the main force of economic growth in China.
The main business model of China Minsheng Investment (CMI) is to integrate the industrial layout with financial concept, CMI's chairman of the board Dong Wenbiao noted.
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