Wang Jiang on How to Build China into a Financial Powerhouse - China-Russia Strategic Security Consultation in Moscow
In today’s paper, there’s an article by Wang Jiang, the executive deputy director of the Office of the Central Financial Commission. Wang writes about accelerating the construction of financial power.
“Accelerating the construction of a financially strong nation is an inevitable requirement for comprehensively building a modern socialist strong country. The realisation of socialist modernisation is an overall goal formed by the coupling of various sub-goals across different sectors. The relationship between building a strong financial nation and building a modernised socialist country in all respects is one of partial subordination to the whole, with sub-goals serving the overall goal. On the one hand, a modern and powerful nation is inevitably a strong financial nation. Finance is the lifeblood of the national economy, a crucial component of a nation’s core competitiveness, and a battleground for great power competition. The building of a modern socialist great power cannot be separated from the key support of a strong financial system. On the other hand, building a strong financial nation cannot be an isolated task. Finance must always be rooted in and serve a high-level socialist market economy, always coexisting and prospering with the real economy, in order to realise this magnificent goal in the great process of advancing Chinese-style modernisation.” 加快建设金融强国是全面建成社会主义现代化强国的必然要求。实现社会主义现代化是由各领域分目标耦合而形成的整体目标，建设金融强国与全面建成社会主义现代化强国之间是局部服从整体、分目标服务于整体目标的关系。一方面，现代化强国必然是金融强国，金融是国民经济的血脉，是国家核心竞争力的重要组成部分，是大国博弈的必争之地，社会主义现代化强国建设离不开强大金融体系的关键支撑。另一方面，金融强国建设又不是孤立的，金融必须始终扎根和服务于高水平社会主义市场经济，始终做到与实体经济共生共荣，才能在推进中国式现代化的伟大进程中实现这一宏伟目标.
Accelerating the construction of a strong financial nation is an inevitable requirement for promoting high-quality development. High-quality development is the primary task of building a modernised socialist country in all respects and is also the theme of economic and social development during the 15th FYP period. To successfully achieve the key strategic tasks outlined in the plenary session and promote new achievements in high-quality development during the 15th Five-Year Plan period, it is essential to accelerate the construction of a strong financial nation, focus on creating a sound monetary and financial environment, and effectively strengthen high-quality financial services for major strategies, key areas, and weak links. For example, to accelerate high-level technological self-reliance, it is necessary to accelerate the construction of a science and technology finance system to provide full-lifecycle and full-chain financial services for technological innovation. Furthermore, to solidly promote common prosperity for all the people, it is necessary to introduce more solid and effective financial support measures in areas such as optimizing the regional economic layout, promoting coordinated regional development, consolidating and expanding the achievements of poverty alleviation, and promoting comprehensive rural revitalisation. 加快建设金融强国是推动高质量发展的必然要求。高质量发展是全面建设社会主义现代化国家的首要任务，也是“十五五”时期经济社会发展的主题。要顺利实现全会明确的各项重点战略任务，推动“十五五”时期高质量发展取得新成效，必须加快建设金融强国，着力营造良好的货币金融环境，切实加强对重大战略、重点领域和薄弱环节的优质金融服务。例如，为加快高水平科技自立自强，必须加快构建科技金融体制，为科技创新提供全生命周期、全链条的金融服务。再如，为扎实推进全体人民共同富裕，必须在优化区域经济布局、促进区域协调发展、巩固拓展脱贫攻坚成果、推进乡村全面振兴等方面出台更多扎实有效的金融支持措施.
Accelerating the construction of a strong financial nation is an inevitable requirement for coordinating development and security. Financial security is an important component of national security and is crucial to the long-term stability of the country. For over four decades since the reform and opening up, China has not experienced a financial crisis, a unique achievement among major world powers, playing a vital role in China’s miracle of rapid economic development and long-term social stability. However, we must also be soberly aware that the risks and challenges facing China’s financial sector during the 15th FYP period remain complex and severe, particularly external suppression and containment that may escalate at any time. To continue writing a new chapter in the miracles of rapid economic development and long-term social stability in the new era and on the new journey, we must firmly adhere to the principle of managing our own affairs well; accelerate the construction of a strong financial nation; effectively enhance the overall strength, international competitiveness, and risk resistance of the financial sector; prevent and resolve major financial risks in a forceful, orderly and effective manner, comprehensively strengthen financial supervision, firmly safeguard the bottom line of preventing systemic risks, and continuously promote the positive interaction between high-quality financial development and high-level security. 加快建设金融强国是统筹发展和安全的必然要求。金融安全是国家安全的重要组成部分，关系国家长治久安。改革开放四十多年来，我国没有发生过金融危机，这在世界大国中独一无二，对于我国创造经济快速发展、社会长期稳定的奇迹发挥了重要作用。但也要清醒看到，“十五五”时期我国金融领域面临的风险挑战仍然复杂严峻，特别是来自外部的打压遏制随时可能升级。要在新时代新征程续写经济快速发展和社会长期稳定两大奇迹新篇章，必须牢牢立足坚定不移办好自己的事，加快建设金融强国，切实增强金融整体实力、国际竞争力和抗风险能力，有力有序有效防范化解重大金融风险，全面加强金融监管，牢牢守住不发生系统性风险的底线，不断促进金融高质量发展和高水平安全良性互动.
Theoretical connotation and practical requirements of accelerating the construction of a financial power. In this, Wang makes four points:
First, there are six key and core financial elements that are the main characteristics of a financial powerhouse/strong nation. A strong financial nation should be based on a strong economic foundation, possess world-leading economic strength, technological strength, and comprehensive national power, while simultaneously possessing a series of key and core financial elements, namely: having a strong currency, a strong central bank, strong financial institutions, strong international financial centers, strong financial supervision, and a strong financial talent workforce. Currently, China is already a leading financial power, with banking scale, stock and bond market size, and foreign exchange reserves ranking among the world’s top. But overall, it is large but not strong. To achieve the transformation of finance from large to strong, we still need, on the basis of continuously advancing high-quality development, to make long-term arduous efforts in alignment with the construction goals of each key and core financial element.”（一）六大关键核心金融要素是金融强国的主要特征。金融强国应当基于强大的经济基础，具备领先世界的经济实力、科技实力和综合国力，同时具备一系列关键核心金融要素，即拥有强大的货币、强大的中央银行、强大的金融机构、强大的国际金融中心、强大的金融监管、强大的金融人才队伍。当前我国已经是金融大国，银行体量、股市债市规模、外汇储备名列世界前茅，但总体上大而不强，实现金融由大到强的转变，还需要在不断推进高质量发展的基础上，对照各项关键核心金融要素的建设目标，付出长期艰苦努力.
Second, the path of financial development with Chinese characteristics is the only way to build a strong financial nation. The strong financial nation we are building is a socialist financial power led by the Communist Party of China, and it must follow the path of financial development with Chinese characteristics. Since the 18th Party Congress, the Party Central Committee with Comrade Xi Jinping at its core has actively explored the laws of financial development in the new era, continuously deepened understanding of the essence of socialism with Chinese characteristics finance, continuously advanced financial practice innovation, theoretical innovation, and institutional innovation, accumulated valuable experience, and gradually carved out a path of financial development with Chinese characteristics, which is centrally embodied in the ‘eight persistences’. The path of financial development with Chinese characteristics not only follows the objective laws of modern financial development but also has distinct characteristics suitable for China’s national conditions, and is fundamentally different from Western financial models. It is the ‘road’ and ‘bridge’ for building a strong financial nation. We must continue to explore and improve it in practice, making this path ever wider. （二）中国特色金融发展之路是建设金融强国的必由之路。我们建设的金融强国，是中国共产党领导的社会主义金融强国，必须走中国特色金融发展之路。党的十八大以来，以习近平同志为核心的党中央积极探索新时代金融发展规律，不断加深对中国特色社会主义金融本质的认识，不断推进金融实践创新、理论创新、制度创新，积累了宝贵经验，逐步走出一条中国特色金融发展之路，集中体现为“八个坚持”。中国特色金融发展之路既遵循现代金融发展的客观规律，更具有适合我国国情的鲜明特色，与西方金融模式有本质区别，是建设金融强国的“路”和“桥”。要在实践中继续探索完善，使这条路越走越宽广.
Third, building a modern financial system with Chinese characteristics is a key task in building a strong financial nation. Building a strong financial nation is a complex systemic project, involving multiple aspects, such as financial regulation, financial markets, financial institutions, financial supervision, financial products and services, and financial infrastructure. Accelerating the construction of a strong financial nation requires adhering to systemic thinking, comprehensively strengthening key tasks in various fields, and accelerating the construction of a scientific and sound financial regulation system, a rationally structured financial market system, a collaborative financial institution system, a complete and effective financial supervision system, a diversified and professional financial product and service system, and an independent, controllable, safe, and efficient financial infrastructure system. Attention must also be paid to the balance and connection between these systems to form an organic whole. Once these ‘six major pillars’ are established, the edifice of a strong financial nation will have a solid foundation. 构建中国特色现代金融体系是建设金融强国的重点任务。建设金融强国是复杂的系统工程，涉及金融调控、金融市场、金融机构、金融监管、金融产品和服务、金融基础设施等多方面任务。加快建设金融强国，必须坚持系统思维，统筹加强各领域重点工作，加快构建科学稳健的金融调控体系、结构合理的金融市场体系、分工协作的金融机构体系、完备有效的金融监管体系、多样化专业性的金融产品和服务体系，以及自主可控安全高效的金融基础设施体系，并注重各体系之间的平衡和衔接，形成一个有机整体。这“六大支柱”建好了，金融强国的大厦就有了坚强支撑.
“Fourth, a financial culture with Chinese characteristics is the foundation for building a strong financial nation. An excellent financial culture can shape the value orientation of the financial industry, generate intrinsic incentives and constraints, and provide a social and ethical basis for law and regulation. To accelerate building a financial great power, we must uphold the integration of rule of law and rule of virtue; vigorously promote excellent traditional Chinese culture and cultivate a financial culture with Chinese characteristics that is honest and trustworthy and does not cross the bottom line, seeks profit through righteousness and not profit for profit’s sake, is prudent and cautious and not impatient for quick success and short-term gains, upholds integrity and innovation and does not depart from the real to the virtual economy, acts according to law and compliance and does not behave recklessly, strengthens the whole industry’s moral conduct and spiritual outlook. We must fully manifest modern financial elements, financial concepts, and financial spirit with Chinese characteristics, use profound financial culture to continuously nourish industry development, and guard well the ‘root’ and ‘soul’ of the modern financial system with Chinese characteristics.”（四）中国特色金融文化是建设金融强国的底蕴支撑。优秀的金融文化能够塑造金融行业的价值取向，产生内在的激励和约束作用，并为法律和监管提供社会伦理基础。加快建设金融强国，必须坚持法治和德治相结合，大力弘扬中华优秀传统文化，培育诚实守信、不逾越底线，以义取利、不唯利是图，稳健审慎、不急功近利，守正创新、不脱实向虚，依法合规、不胡作非为的中国特色金融文化，强化全行业道德操守和文明素养，塑造良好精神风貌，充分彰显中国特色现代金融元素、金融理念、金融精神，以厚重金融文化持续滋养行业发展，守好中国特色现代金融体系的“根”和“魂”.
In the final section of the article, Wang outlines 7 main tasks and measures for the 15th FYP period. These are:
Continuously perfect the central bank system.Improve the ‘dual-pillar’ regulatory framework of monetary policy and macro-prudential policy, and build a scientific and sound monetary policy system and a comprehensive macro-prudential management system. Comprehensively use multiple monetary policy tools, maintain abundant liquidity, promote alignment of total social financing and money supply with the expected targets for economic growth and the overall price level, and strengthen cross-cyclical and counter-cyclical adjustments. Smoothen the monetary-policy transmission mechanism, improve the mechanisms for market-based interest-rate formation, regulation, and transmission. Maintain the RMB exchange rate basically stable at a reasonable and balanced level. Advance RMB internationalization, elevate the opening level of the capital account, build an independently controllable RMB cross-border payment system. Actively participate in and advance global financial governance reform. （一）持续完善中央银行制度。健全货币政策和宏观审慎政策“双支柱”调控框架，构建科学稳健的货币政策体系和覆盖全面的宏观审慎管理体系。综合运用多种货币政策工具，保持流动性充裕，促进社会融资规模、货币供应量同经济增长、价格总水平预期目标相匹配，强化跨周期和逆周期调节。畅通货币政策传导机制，健全市场化利率形成、调控和传导机制。保持人民币汇率在合理均衡水平上基本稳定。推进人民币国际化，提升资本项目开放水平，建设自主可控的人民币跨境支付体系。积极参与和推进全球金融治理改革。
Deepen the implementation of the ‘five major articles’ in finance. Adapting to the strategic needs, stage characteristics, and structural features of high-quality development during the 15th FYP period, effectively strengthen high-quality financial services for major strategies, key areas, and weak links. Increase efforts to support high-level technological self-reliance and self-strengthening and the construction of a technologically strong nation; raise the quality of financial supply for the comprehensive green transition of economic and social development and for building a Beautiful China; improve a multi-level, broad-coverage, sustainable inclusive-finance system; accelerate improving the pension-finance system for responding to population ageing; promote high-quality development of digital finance; and steadily advance the research, development, and application of the digital RMB. Exert the combined force of fiscal, monetary, supervisory and other policies, incentivize and guide financial institutions to do well the financial ‘five major articles’. Establish and improve standard systems such as statistics and evaluation, strengthen the construction of related supporting facilities such as service platforms and databases. Support eligible regions to carry out relevant reform pilots according to law and regulations, prudently and in an orderly manner, centered on doing well the ‘five major articles’ of finance.”（二）深入做好金融“五篇大文章”。顺应“十五五”时期高质量发展的战略需要、阶段特征和结构特点，切实加强对重大战略、重点领域和薄弱环节的优质金融服务。加力支持高水平科技自立自强和科技强国建设，提高对经济社会发展全面绿色转型和美丽中国建设的金融供给质量，完善多层次、广覆盖、可持续的普惠金融体系，加快健全应对人口老龄化的养老金融体系，推动数字金融高质量发展，稳步推进数字人民币研发和应用。发挥财政、货币、监管等政策合力，激励引导金融机构做好金融“五篇大文章”。建立健全统计、评价等标准体系，加强服务平台、数据库等相关配套设施建设。支持符合条件的地区围绕做好金融“五篇大文章”依法依规、稳妥有序开展相关改革试点.
Promote the healthy and stable development of the capital market. Enhance the inclusiveness and adaptability of capital-market systems, focus on enhancing inclusiveness toward new industries, new business models, and new technologies, proactively adapt to the development needs of sci-tech innovation and the growth needs of sci-tech enterprises, effectively promote the deep integration of sci-tech innovation and industrial innovation, and promote the development of new-quality productive forces. Improve the capital market functions that coordinate investment and financing, build and cultivate a capital market ecosystem that encourages long-term investment, improve policies such as assessment and evaluation to support and encourage the entry of medium- and long-term funds into the market, and establish a long-term mechanism to enhance the inherent stability of the capital market. Enhance the stability, sustainability, and predictability of listed companies’ dividends, strengthen the whole-chain supervision of listed companies from entry to exit, and accelerate the construction of a comprehensive system for preventing and combating fraud in the capital market. Actively develop diversified equity financing, expand bond financing, and increase support for equity and debt financing for enterprises that conform to national industrial guidance and break through key core technologies. Under the premise of controllable risks, steadily develop futures, derivatives, and asset securitisation.（三）促进资本市场健康稳定发展。提高资本市场制度包容性、适应性，着力提升对新产业新业态新技术的包容性，主动适应科技创新发展需要和科技型企业成长需求，有效推动科技创新和产业创新深度融合，促进发展新质生产力。健全投资和融资相协调的资本市场功能，建设培育鼓励长期投资的资本市场生态，完善支持鼓励中长期资金入市的考核评价等配套政策，建立增强资本市场内在稳定性长效机制；增强上市公司分红稳定性、持续性和可预期性，加强上市公司从准入到退出全链条监管，加快构建资本市场防假打假综合惩防体系。积极发展多元化股权融资，扩大债券融资，加大对符合国家产业导向、突破关键核心技术企业的股债融资支持力度。在风险可控的前提下，稳步发展期货、衍生品和资产证券化.
Further optimize financial institutions and the financial infrastructure system. Continuously optimize the financial institutions system, encouraging various types of financial institutions to focus on their core businesses, improve governance, and develop in a differentiated manner, complementing each other’s strengths and leveraging their respective advantages in effectively serving the real economy. Deepen the organic integration of Party building and corporate governance within financial institutions, ensuring Party leadership is implemented in all aspects of decision-making, execution, and supervision. Strengthen internal management and risk control, and enhance oversight of the performance of duties by the board of directors and senior management. Support large state-owned financial institutions in further serving as the main force in serving the real economy and the ballast stone for maintaining financial stability, continuously improving and strengthening themselves. Promote the mergers and acquisitions of small and medium-sized financial institutions in a steady and orderly manner, reducing their size while improving their quality, and encouraging them to establish themselves locally and develop specialized operations. Promote policy-oriented financial institutions to further focus on serving national strategies, primarily engaging in businesses that commercial financial institutions cannot or cannot do well. Leverage the economic shock absorber and social stabilizer functions of the insurance industry, and improve the national catastrophic insurance protection system. Trust, securities, and other financial institutions should also adhere to their core businesses and develop in a standardized manner. Accelerate the construction of a safe and efficient financial infrastructure system, strengthen overall planning, improve market access, regulatory standards, and operational requirements, providing a more solid foundation for the sound and efficient operation of the financial sector. （四）进一步优化金融机构和金融基础设施体系。持续优化金融机构体系，推动各类金融机构专注主业、完善治理、错位发展，在有效服务实体经济上优势互补、各展所长。深化金融机构党建与公司治理有机融合，把党的领导落实到决策、执行、监督各环节。加强内部管理和风险控制，强化董事会、高级管理层履职行为监督。支持国有大型金融机构进一步当好服务实体经济的主力军和维护金融稳定的压舱石，不断做优做强。稳步有序推动中小金融机构兼并重组、减量提质，扎根当地开展特色化经营。推动政策性金融机构进一步聚焦服务国家战略，主要做商业性金融机构干不了、干不好的业务。发挥保险业的经济减震器和社会稳定器功能，健全国家巨灾保险保障体系。信托、证券等其他金融机构也要坚守主业、规范发展。加快建设安全高效的金融基础设施体系，加强统筹规划，完善市场准入、监管标准和运营要求，为金融稳健高效运行提供更加坚实的基础保障.
Accelerate construction of an international financial center. Continuously promote the development of the equity, bond, currency, foreign-exchange, and other markets, and enhance the price-setting influence of Shanghai’s financial markets. Promote more financial institutions and international financial organizations to concentrate and settle in Shanghai, enhancing the global competitiveness of financial institutions. Support Shanghai in strengthening the construction of RMB cross-border payment and clearing systems, and improve gold-market infrastructure. Guide and support Shanghai to steadily expand institutional opening in the financial field. Support Shanghai in using blockchain, big data, AI and other technologies to strengthen forward-looking research and timely research-judgment of financial risks. Give full play to the role of the coordination and promotion mechanism for the construction of Shanghai’s international financial center. Support Hong Kong in consolidating and enhancing its status as an international financial center and strengthening its function as a hub for offshore RMB business.（五）加快建设国际金融中心。持续推动股权、债券、货币、外汇等市场发展，提高上海金融市场价格影响力。推动更多金融机构、国际金融组织集聚落户上海，提升金融机构全球竞争力。支持在上海加强人民币跨境支付清算体系建设，完善黄金市场基础设施。指导支持上海稳步扩大金融领域制度型开放。支持上海运用区块链、大数据、人工智能等技术加强对金融风险的前瞻性研究和及时研判。加强国际金融中心建设法治保障。发挥好上海国际金融中心建设协调推进机制作用。支持香港巩固提升国际金融中心地位，强化离岸人民币业务枢纽功能.
Comprehensively enhance financial regulatory capabilities. Uphold that when supervising the legal one must even more supervise the illegal, and that when supervising the industry one must supervise the risks. Improve the comprehensive regulatory mechanism, legally include all financial activities under regulation, and strengthen full-process and full-chain regulation from entry to exit. Comprehensively strengthen institutional supervision, behavioral supervision, functional supervision, penetrating supervision, and continuous supervision, strengthen central-local supervisory coordination, strengthen the application of supervisory technology and construction of supervisory talent workforce, genuinely raise supervision’s forward-looking nature, continuity, coordination, and effectiveness. Improve the early correction mechanism for financial risks with hard constraints, ensuring early detection, early warning, early exposure, and early handling of risks. Strengthen the supervision and management of the financial stability fund, optimizing its collection, expenditure, and investment. Severely crack down on all kinds of illegal financial activities, improve the monitoring and early warning system, move the risk prevention line forward, and strengthen publicity and education on preventing illegal activities. Strengthen regulatory accountability and force the implementation of responsibilities. 全面提高金融监管能力。坚持管合法更要管非法、管行业就要管风险，健全兜底监管机制，依法将所有金融活动纳入监管，强化从准入到退出全过程全链条监管。全面加强机构监管、行为监管、功能监管、穿透式监管、持续监管，强化央地监管协同，加强监管科技运用和监管人才队伍建设，切实提高监管前瞻性、持续性、协同性、有效性。健全具有硬约束的金融风险早期纠正机制，做到风险早发现、早预警、早暴露、早处置。加强金融稳定性基金监督管理，优化收入筹集、支出使用和投资运用。严厉打击各类非法金融活动，健全监测预警体系，前移风险防范关口，加强防非宣传教育。强化监管问责，倒逼责任落实.
Focus on strengthening the rule of law in the financial sector. Complete the Financial Law legislation, fully leveraging its guiding and leading role, and coordinate the advancement of the enactment, amendment, repeal, and interpretation of other major financial laws and regulations. Based on the needs of financial development, promptly promote legislation in key and emerging areas, and establish and improve a system for regular legislative amendments. Coordinate efforts to improve the legal liability system for financial violations, and increase the pursuit of civil, administrative, and criminal liability against violators. Improve the legal toolkit for safeguarding national financial security. Intensify financial law enforcement and maintain zero tolerance for all types of illegal and irregular activities.着力加强金融法治建设。完成金融法立法，充分发挥金融法立法导向和牵引作用，统筹推进其他主要金融法律法规立改废释。根据金融事业发展需要，及时推动重点和新兴领域立法，建立健全定期修法制度。统筹推动完善金融违法行为法律责任体系，加大对违法主体的民事、行政、刑事责任追究力度。健全维护国家金融安全的法律工具箱。加大金融执法力度，对各类违法违规行为零容忍.
Another important report (Chinese readout) in the paper today is the one on the 20th round of China-Russia strategic security consultation in Moscow. Wang Yi met with Sergei Shoigu, secretary of the Security Council of the Russian Federation.
The readout says that the two sides “carried out comprehensive and in-depth communication on major issues involving the strategic security interests of the two countries, reached new consensus, and enhanced strategic mutual trust. Both sides unanimously agreed to make every effort to implement the important consensus of the two heads of state in the field of strategic security, and to push the strategic coordination of the two sides toward higher quality.” 当地时间2025年12月2日，中共中央政治局委员、中央外办主任王毅在莫斯科同俄罗斯联邦安全会议秘书绍伊古共同主持中俄第二十轮战略安全磋商，就涉及两国战略安全利益的重大问题全面、深入沟通，达成新的共识，增进了战略互信。双方一致同意全力落实两国元首在战略安全领域重要共识，推动双方战略协作向更高质量迈进.
“Wang Yi said that China-Russia relations achieved high-level development this year, with both sides conducting a series of important high-level exchanges around the main theme of commemorating the 80th anniversary of the victory of the Chinese People’s War of Resistance Against Japanese Aggression and the World Anti-Fascist War. In particular, President Xi Jinping and President Putin met twice in Moscow and Beijing, guiding China–Russia relations to develop steadily amid complex changes, and to advance calmly in an uncertain world. Next year marks the 30th anniversary of the establishment of the China–Russia strategic cooperative partnership and the 25th anniversary of the signing of the Treaty of Good-Neighborliness and Friendly Cooperation between the two countries, and is an important juncture in the development of China-Russia relations in the new era. The two sides should consolidate strategic mutual trust, deepen good-neighbourliness and friendship, expand mutually beneficial cooperation, serve the economic development and national rejuvenation of each of the two countries, jointly respond to ever-emerging new threats and new challenges, and better safeguard world fairness and justice and peace and stability.” 王毅表示，今年中俄关系实现高水平发展，双方围绕纪念中国人民抗日战争暨世界反法西斯战争胜利80周年这条主线，共同开展一系列重要高层交往。特别是习近平主席和普京总统在莫斯科和北京两度会晤，指引中俄关系在复杂变局中稳步发展，在不确定的世界中从容前行。明年是中俄战略协作伙伴关系建立30周年和两国睦邻友好合作条约缔结25周年，是新时代中俄关系发展进程中的重要节点。双方要巩固战略互信，深化睦邻友好，扩大互利合作，服务两国各自经济发展和民族振兴，共同应对层出不穷的新威胁与新挑战，更好维护世界公平正义与和平稳定.
Wang Yi said that the China-Russia strategic security consultation mechanism is an important channel for in-depth communication between the two countries on major issues concerning international security and strategic stability, and also a crucial platform for strategic coordination to safeguard the core interests of China and Russia. Over the past 20 years since its establishment, the mechanism has played a vital role in implementing the important consensus reached by the two heads of state, serving the strategic decision-making of both countries, and enhancing mutual political trust. Under the current circumstances, the value and significance of this mechanism are even more prominent. Both sides should continue to leverage the mechanism’s role, strengthen strategic communication and cooperation, and jointly address external challenges. 王毅说，中俄战略安全磋商机制是两国就事关国际安全和战略稳定的重大问题深入沟通的重要渠道，也是为维护中俄核心利益开展战略协调的重要平台。机制成立20年来，为落实两国元首重要共识、服务两国战略决策、增进双方政治互信作出积极努力，发挥了重要作用。当前形势下这一机制的价值和意义更加凸显，双方要继续发挥好机制作用，加强战略沟通协作，共同应对外部挑战.
Shoigu said that the current international geopolitical situation is undergoing complex evolution, challenges in the global security field are increasing, and Russia and China, as comprehensive strategic coordination partners, need to strengthen strategic alignment. The two heads of state met twice this year, pointing out the direction for the development of Russia–China relations and providing impetus. Russia–China strategic coordination is at an unprecedentedly high level, which accords with the national interests of the two countries and is conducive to peace in the region and the world. Russia and China are developing bilateral relations on the basis of mutual respect, free from external interference. The Russian side firmly abides by the one-China principle, resolutely supports the Chinese side’s positions on issues related to Taiwan, Tibet, Xinjiang, and Hong Kong, and is willing to work with the Chinese side to implement the consensuses of the two heads of state, to closely coordinate bilateral cooperation, and jointly promote the establishment of a more fair and reasonable multipolar world. 绍伊古表示，当前国际地缘政治复杂演变，全球安全领域挑战增多，俄中作为全面战略协作伙伴有必要加强战略对表。两国元首今年两次会晤，为俄中关系发展指明方向，提供动力。俄中战略协作处于史无前例的高水平，这符合两国国家利益，有利地区和世界和平。俄中在相互尊重基础上发展双边关系，不受外界干扰。俄方坚定恪守一个中国原则，坚决支持中方在台湾、涉藏、涉疆及香港等问题上的立场，愿同中方一道落实两国元首共识，密切双边合作，共同推动建立更加公平合理的多极化世界.
The two sides conducted strategic alignment on issues related to Japan, reaching a high degree of consensus. They unanimously believed that it is necessary to firmly safeguard the achievements of the victory of World War II, which were obtained with life and blood; resolutely resist any erroneous words or actions attempting to rewrite the history of colonial aggression; firmly counter any attempts to revive fascism or Japanese militarism; and shoulder the shared responsibility of China and Russia as major countries and permanent members of the UN Security Council to safeguard world peace and security, and to defend historical truth and international justice. 双方就涉日本问题进行战略对表，达成高度共识，一致认为要坚定维护用生命和鲜血换来的二战胜利成果，坚决抵制任何为殖民侵略历史翻案的错误言行，坚决反击法西斯主义、日本军国主义卷土重来的图谋，承担起中俄作为大国和联合国安理会常任理事国的共同责任，维护世界和平与安全，维护历史真相和国际正义.
The two sides also held in-depth exchanges on the Ukraine crisis. Shoigu explained Russia’s positions and considerations, and expressed appreciation for China’s efforts in support of peace. He said Russia has the full capability and strong determination to achieve its strategic objectives and eliminate the root causes of the crisis. Wang explained China’s consistent stance, stating that China supports all efforts conducive to achieving peace, supports reaching a comprehensive and lasting peace agreement, and will continue to maintain strategic communication with the Russian side on this matter.双方就乌克兰危机深入交换意见。绍伊古介绍了俄方立场考虑，赞赏中方支持和平的努力，表示俄方有充分能力和坚定意志，致力于实现俄方的战略目标，消除危机产生的根源。王毅阐述中方一贯立场，表示中方支持一切有利于争取和平的努力，支持达成全面、持久的和平协议，将继续就此同俄方保持战略沟通.
The two sides also carried out in-depth communication and coordination of positions on international and regional issues of common concern, including maintaining global strategic stability, major-country relations, and the situation in the Asia-Pacific and peripheral regions, and reached broad consensus.双方还围绕维护全球战略稳定、大国关系、亚太及周边地区形势等共同关心的国际和地区问题深入沟通、协调立场，达成广泛共识.
Wang also met with Sergei Lavrov. Xinhua’s report on that says:
Wang said that:
“The two heads of state held in-depth exchanges twice this year on occasions commemorating the 80th anniversary of the victory of WWII, charting the course and shaping the future of bilateral relations, while also providing stability and certainty to the world. Wang noted that the two sides agreed to firmly uphold the outcomes of WWII victory, resolutely oppose any retrogressive acts attempting to whitewash colonial aggression, and call for upholding justice and fairness. As permanent members of the UN Security Council and comprehensive strategic partners of coordination for a new era, China and Russia should continue to coordinate and cooperate to resolutely curb the provocative acts of Japan’s far-right forces that undermine regional peace and stability and attempt to remilitarize, Wang said. Russia’s visa-free policy for Chinese citizens is a vivid manifestation of the China-Russia comprehensive strategic partnership of coordination for a new era, and will further facilitate personnel exchanges between the two countries and promote exchanges and cooperation in various fields, Wang said. Noting that next year marks the 30th anniversary of the establishment of the China-Russia strategic partnership of coordination, as well as the 25th anniversary of the signing of the China-Russia Treaty of Good-Neighborliness and Friendly Cooperation, Wang said that the development of China-Russia relations will usher in new historical opportunities.”
It adds:
“Lavrov said the two heads of state exchanged visits this year, injecting new impetus into further consolidating the Russia-China comprehensive strategic partnership of coordination. He reaffirmed that Russia abides by the one-China principle and firmly supports China’s position on the Taiwan question. Russia is ready to take the 25th anniversary of the signing of the Russia-China Treaty of Good-Neighborliness and Friendly Cooperation next year as an opportunity to intensify high-level exchanges, deepen practical cooperation, enhance personnel exchanges, and achieve win-win results, Lavrov said. The two sides also held an in-depth exchange of views on other international and regional issues of mutual concern.”
Finally, although I am not breaking it down, it’s worth noting that today’s paper has an article by Jiangxi Party Secretary Yin Hong on ideological and political work in the province. He talks extensively about how studying, learning and utilising Xi’s thought. This is part of a series. So it’s worthwhile to note, which provincial leaders are being featured in the paper.