The senior officials of the China Finance Office explained the information of the Central Economic Work Conference
Source: Two days after the Shanghai Economic News Central Economic Work Conference ended, senior officials from the China Finance Office and the ministries and commissions appeared in the same venue today. Explaining the spirit of the conference, did they find some important information?
This morning, the 2019-2020 China Economic Annual Conference hosted by the China International Economic Exchange Center was held in Beijing.
Han Wenxiu, deputy director of the Office of the Central Finance and Economic Commission, and Ning Jizhen, deputy director of the National Development and Reform Commission, interpreted the spirit of the Central Economic Work Conference at the meeting.
Highlights of Han Wenxiu’s interpretation: 1.
Building a well-off society in an all-round way is the country’s overall goal, and each locality must complete it according to its own reality.
He said that building a well-off society in an all-round way is the overall goal of the country, and the situation varies greatly from place to place. It is necessary to complete the established goals and tasks of building a well-off society in accordance with one’s own reality.
For example, by 2020, GDP will double from 2010. This is national, and does not require every region to double.
It is necessary to keep the macro-leverage ratio basically stable and compact the responsibilities of all parties.
He said that the current budget financial system is generally stable and capable of mitigating various risks.
We need to keep the macro-leverage ratio basically stable, and we must compact the responsibilities of all parties, including the respective responsibilities of the supervisory department, the main body of the enterprise, and the local government, and resolutely keep the bottom line where systemic risks do not occur.
China’s opening to the outside world will open more candidates.
He said that the door of China’s opening to the outside world will be wider and wider, and will continue to move in a wider range and in a deeper direction, and strive to promote reform, innovation and development with openness.
To maintain a moderate economic growth, prices are basically stable.
He said that to ensure the successful completion of a well-off society in an all-round way, it is necessary to keep the economic operation in a reasonable range, including maintaining moderate economic growth, basically stable prices, sufficient employment, and basically balanced international balance of payments. The relevant quantitative targets will be in March next year.The upper level is clear.
Key points of Ning Jizhen’s interpretation: 1.
The current economy is stable and improving, and the long-term trend has not changed. Ning Jiyi said that the long-term economic stability is improving, and the long-term trend has not changed.
At present, macro accumulation has accumulated effective methods and methods. In the face of new challenges, we have the ability and conditions to continue to overcome difficulties.
He pointed out that since the reform and opening up, more material and technological foundations have gradually accumulated, there are super-large-scale market advantages and domestic demand potential, huge human capital and talent resources, and the demographic dividend still exists.
In addition, the improvement of the quality of elementary elements has potential, which is also the potential for progressive breakthrough development in the future.
To ensure the reasonable growth of the economy and the steady improvement of the quality, he pointed out that next year will be the final year to build a 南京夜网 well-off society and the 13th Five-Year Plan. It is very important to do well in economic work.
It is necessary to keep the economic operation within a reasonable range, to ensure a reasonable increase in the volume of the economy and a steady improvement in quality.
The economic operation is in a reasonable range, including efforts to achieve high-quality, high-speed growth at medium and high speeds, as well as the continuous expansion of employment, the overall stability of prices, the simultaneous increase of residents’ income, and the gradual improvement of the ecological environment.
Deputy Minister of Commerce Yu Jianhua: Deputy Minister of Commerce and Deputy Representative of International Trade Negotiator Yu Jianhua to accelerate the construction of Hainan Free Trade Port said at the meeting that it is necessary to create a new highland of open innovation and 深圳桑拿网 create an open highland with a leading and exemplary role through institutional innovation.Promote the autonomy of scale reform of the Pilot Free Trade Zone, form more achievements in institutional innovation, continue to do replication and promotion, deepen the research on policies and institutional systems, accelerate the construction of Hainan Free Trade Port, and build advanced manufacturing industries through national economic development zones.To help stabilize and enhance the industrial chain, and promote the construction of border cooperation zones and cross-border cooperation zones.
Chen Yulu, deputy governor of the central bank: steadily expand the exchange of capital projects and increase the degree of free use of the renminbiPrudent monetary policy, while maintaining the macro-leverage ratio and the overall health and stability of the financial system, solidly and continuously announced the conventional liberalization measures announced, and steadily expanding the convertibility of capital accounts, increasing the degree of free use of the renminbi, and striving to achieve further development of the financial industryOpen to the outside world at a high level.
However, he said that the degree of financial openness should keep the risk bottom line and match the financial supervision ability.
International experience shows that expanding the opening up of the financial industry must match the depth and breadth of the economy’s opening up to the outside world, adapt to the affordability of domestic financial markets, and match financial supervision and financial legal system building.
Only when supervision is in place can financial liberalization be able to implement the good role of promoting reform and development.
He also said that by dating business products of overseas financial institutions, optimizing the allocation of resources globally, increasing the effective supply of finance, he can make good use of the modern financial system with highly adaptive competition and inclusiveness, and improve the operating efficiency of the economic and financial industry.To better support the expansion of domestic demand and the development of strategic emerging industries, and to further optimize the economic structure.
More experienced and professional long-term investors who come to China to invest in China can also improve the market structure, which is dominated by indirect financing, increase the proportion of direct financing and equity financing, and optimize the structure of the financial system.
In addition, he mentioned that currently China’s A-shares, government bonds, policy financial bonds and other assets have been divided into Mingsheng, FTSE Russell, S & P Dow Jones, Bloomberg Barclays and other internationally important stock bond indexes.Investors pay more attention to the Chinese market, and international capital inflows are increasing.
In the first three quarters of 2019, foreign investors increased their net holdings of domestic bonds and stocks by about $ 90 billion.