Building a diversified financing system and a multi-level capital market

　　Supreme Leader: We should continue to focus on infrastructure interconnection. It is necessary to deepen cooperation in frontier areas such as intelligent manufacturing and digital economy and implement an innovation-driven development strategy. It is necessary to expand market opening, improve the degree of trade and investment facilitation, and achieve a smooth flow of things. It is necessary to build a diversified financing system and a multi-level capital market. It is necessary to carry out extensive cultural exchanges with rich content and various forms, and implement more people’s livelihood cooperation projects. In short, we should build all-round interconnection and promote the comprehensive effects of infrastructure leading, industrial agglomeration, economic development and improvement of people’s livelihood.

　　This passage comes from the opening speech of the Supreme Leader at the Roundtable Summit of the Second Belt and Road International Cooperation Summit Forum on April 27, 2019.

　　China proposed the "One Belt, One Road" initiative, aiming at inheriting the spirit of the Silk Road, adhering to the principle of cooperation, openness, green, honesty and cooperation, and working with other countries to create an open cooperation platform to achieve high standards, benefit people’s livelihood and sustainability.

　　Human beings are a community of destiny in the same boat. Since the "One Belt, One Road" initiative was put forward, policy communication, facility connectivity, smooth trade, financial intermediation and popular support have been further promoted, and many countries have participated in it, building an all-round and compound partnership, which has promoted regional economic and social development cooperation on a larger scale, at a higher level and at a deeper level, provided new impetus for the cooperative development of all countries, helped relevant countries achieve their development goals better, and opened up new space for global development.

　　Financing is an important support for the construction of the "Belt and Road". With the new journey of building a socialist modern country in an all-round way, we will build a new open economic system at a higher level, create a more attractive business environment, and build the "Belt and Road" with more measures and high quality.

　　Focusing on strengthening support, it is necessary to further expand the participants in investment and financing, develop diversified financing methods, open up financing channels, innovate investment and financing models, build diversified financing systems and multi-level capital markets, and better promote the construction of the "Belt and Road" service in the capital market, so as to make it stable and far-reaching, and bring more benefits to the community of human destiny.

　　Special Expert in this issue: School of Marxism, Lanzhou University, Wang Yongxiang.