BEIJING – November 02, 2026 -- China's leadership has framed its financial-power agenda around six core elements, eight guiding principles and six institutional systems, according to an excerpt from Qiushi Journal's English edition (No. 2, 2026).
Xi's framework requires six elements to qualify as a financial power
A country strong in finance needs a strong currency, a strong central bank, strong financial institutions, international financial centers, strong financial supervision and a robust contingent of competent financial personnel. The article describes currency as a country's credit and the central pillar of a financial power. It calls the central bank the key sluice gate for money supply and the linchpin of a soundly operating financial system.
President Xi Jinping's fundamental requirements include effective monetary policy regulation and macro-prudential regulation, prompt and effective prevention and defusal of systemic risks, and a sound financial legal system. His strategic vision for China includes "global reserve currency status," the ability to attract global investors and influence international pricing systems, and a significant voice in shaping international financial rules.
Eight principles have guided China's financial path since the 2012 Party Congress
Since the 18th National Congress in 2012, the CPC Central Committee has pursued what it calls a path of financial development with Chinese characteristics. The eight principles are:
- centralized, unified Party leadership over financial endeavors
- people-centered values
- serving the real economy as the fundamental purpose
- treating risk prevention and control as an enduring task
- market- and law-based financial innovation
- supply-side structural reform in the financial sector
- ensuring both financial openness and security
- pursuing progress while ensuring stability
The article ranks Party leadership as the principle of overarching importance. It names serving the real economy as crucial to strengthening the sector's core functions, and pairing openness with security as an important methodology for building financial strength.
Six institutional pillars are meant to carry the buildout
The article lists six systems: a sound and prudent financial regulatory system; a well-structured financial market system; a system of financial institutions built on division of labor and collaboration; a comprehensive and effective financial supervision system; a diversified and specialized system of financial products and services; and a self-supporting, risk-resilient, safe and efficient financial infrastructure system.