The State Administration for Financial Supervision and Administration will continue to improve the policy system of the "Five Major Articles", formulate relevant implementation plans, and establish a sound statistical system. Regulatory departments at all levels should strengthen supervision and guidance, conduct timely evaluations and inspections, and correct issues such as inadequate policy implementation and implementation deviation. The State Administration for Financial Regulation will timely supervise and evaluate the work of various regulatory agencies and banking and insurance institutions in carrying out the "Five Major Articles", and promote the effectiveness of related work. In order to thoroughly implement the spirit of the Central Financial Work Conference, we will effectively implement the five major articles of technology finance, green finance, inclusive finance, pension finance, and digital finance, and improve the quality and level of financial services for the real economy. Recently, the State Administration for Financial Supervision and Administration of China issued the "Guiding Opinions on Five Major Articles for Banking and Insurance Industry to Do a Good Job in Finance" (hereinafter referred to as the "Guiding Opinions"). The Guiding Opinions have a total of 20 articles, which respectively put forward clear requirements and systematic deployment for the five major financial articles from five aspects: overall requirements, optimization of financial products and services, leveraging the functional advantages of banking and insurance institutions, improving the organizational management system of banking and insurance institutions, and providing regulatory support. In the past five years, a basic service system has been formed, and the "Five Major Articles" in finance have accurately grasped the phased characteristics of China's economic and social development and the laws of financial development in the new era. They have clarified the key tasks and implementation paths of financial support for high-quality development, fully reflecting the value orientation centered on the people and the inherent requirements for developing new quality productivity. This has pointed out the direction for improving the quality and efficiency of financial services for the real economy, and using high-quality financial development to support the construction of a strong country and the great cause of national rejuvenation. In response to the background of the "Guiding Opinions", the relevant department heads of the State Administration of Financial Supervision have introduced it. From the perspective of main goals, the Guiding Opinions propose that in the next five years, a multi-level, wide coverage, diversified, and sustainable "five major articles" service system for the banking and insurance industry will be basically formed. The relevant work mechanisms will be more perfect, the products will be richer, and the accessibility, coverage, and satisfaction of services will be greatly improved, effectively promoting the development of new quality productivity. The relevant regulatory system and supporting mechanisms have been further improved, the evaluation system has become more sound and effective, and policy synergy has been continuously enhanced. In the view of Bu Xiangrui, Director of the Financial Arbitration Special Committee of the China Arbitration Law Research Association and Co Director of the Financial Committee of the Beijing Credit Association, for a long time, some financial institutions have been pursuing business scale unilaterally, excessively granting credit to certain industries or enterprises, and forming a negative impact on loan safety. The blind expansion of the number of small and medium-sized financial institutions has to some extent also contributed to excessive competition among the financial industry and increased financing costs for enterprises. Some financial institutions have deviated from their duty to serve the real economy, excessively pursuing profits, and excessively providing services that do not meet the quality and efficiency standards, which have been criticized. Bu Xiangrui told the Legal Daily reporter, "The Guiding Opinions have addressed the problems in the development process of the financial industry, adhered to a problem oriented approach, and provided targeted guidance, which has practical guiding significance for the stable development of the banking and insurance industry in the future." Liu Chunyan, associate professor at the Law School of Tongji University, also believes that the Guiding Opinions are aimed at implementing the Central Financial Work Conference