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Steady monetary policy will not change, and we will not engage in "flooding"

2019-02-21 08:26:09 Source: Beijing Youth Daily

Original title: Steady monetary policy will not change, and we will not engage in "flooding"

Yesterday, Premier Li Keqiang presided over the executive meeting of the State Council, which required that the opinions of relevant enterprises, industry associations and chambers of commerce must be listened to when formulating enterprise related laws, regulations and normative documents, so as to make government decisions more in line with reality and public opinion; Decide to cancel and delegate a number of administrative licensing matters, and comprehensively carry out the reform of the examination and approval system of construction projects nationwide; We will deploy measures to increase the supply and improve the quality of domestic services to expand domestic demand and benefit the people's livelihood.

   We will resolutely refrain from "flooding"

At the beginning of 2019, the People's Bank of China announced that the deposit reserve ratio of financial institutions would be lowered by 1 percentage point twice in January, and the medium-term lending facility (MLF) due in the first quarter of 2019 would not be renewed. "As for some monetary policies recently implemented in China, the external public opinion, especially the overall evaluation of market players, is positive, but there are also some voices questioning whether it is quantitative easing." Li Keqiang said at the executive meeting of the State Council: "I reiterate here that the prudent monetary policy has not changed, and will not change. We firmly do not engage in 'flooding'!"

Li Keqiang pointed out that the two RRR reductions within a month not only complied with the strong voice of market players, but also because China's deposit reserve ratio is higher than any major economy in the world, there is sufficient space in this regard. In addition, liquidity was properly recovered in the process of RRR reduction. "Relevant financial institutions should work together to make it easier for more loans to flow to the real economy and small and medium-sized micro enterprises, especially in the direction of medium - and long-term loans, so as to guide the stable operation and long-term improvement of the macro-economy".

Li Keqiang said: "After the signal of RRR reduction was sent out, the total scale of social financing rose significantly on the surface, but after careful analysis, it will be found that bill financing and short-term loans rose relatively quickly. This not only may cause 'arbitrage' and 'idle' of funds, but also may bring new potential risks." He requested that, Relevant departments should carefully analyze and study the changes in the real economy and the actual loans of small, medium-sized and micro enterprises since this year, take targeted measures to solve the "problems". Li Keqiang finally stressed that "the fundamental way to solve the long-term problem of China's development is to comprehensively deepen reform, promote high-quality development, and promote economic stability and progress through reform and structural adjustment."

   The approval time of engineering projects is reduced by half

The meeting pointed out that all regions and departments should formulate and implement administrative regulations, rules and administrative normative documents closely related to the production and operation of enterprises, and listen to the opinions of enterprises, industry associations and chambers of commerce throughout the whole process.

Before formulation, it is necessary to actively and timely understand the urgent needs and expectations of enterprises, and strive to make the proposed laws and policies more targeted; In the process of formulation, except for those that need to be kept confidential according to law, it is necessary to solicit public opinions or listen to the opinions of representative enterprises through various ways, and the adoption of opinions should be announced or fed back in a timely manner; During the implementation process, the buffer period should be set according to the actual situation, leaving necessary preparation time for enterprise implementation. By improving the openness and transparency of the formulation and implementation of laws and regulations and policies, it is more conducive to fair and effective implementation to prevent backdoor operations. We should strengthen the post evaluation of the implementation of laws, regulations and policies, make timely adjustments to the adjustment, and constantly improve the quality and level of government decision-making.

In accordance with the CPC Central Committee and the State Council's efforts to promote the transformation of government functions and optimize the deployment of business environment, based on more decentralization to the market and strengthening the responsibility of enterprises and government supervision, the meeting decided that, first, we should stimulate the market more vigorously, and then cancel 25 administrative licensing items such as the pre-approval of enterprise names and the preliminary review of some product registration, Six licensing authorities, including practice registration of some professions, will be delegated to provincial or lower government departments. It not only simplifies procedures and reduces transaction costs of enterprises, but also helps to focus more government regulation on safety and other important aspects.

Second, the reform of the examination and approval system for construction projects was carried out nationwide on the basis of pilot projects. In accordance with the requirements of unified specifications, each approval stage shall be led by one department, approved in parallel, and completed within a time limit. The system of informing commitment, regional assessment, joint drawing review, joint acceptance, etc. shall be implemented to achieve "one blueprint" to coordinate project implementation, "one window" to provide comprehensive services, "one form" to integrate application materials, and "one mechanism" to standardize the approval operation. In the first half of the year, the approval time of construction projects across the country was reduced by half to less than 120 working days.

   Vocational colleges and other institutions offer domestic service

The meeting pointed out that promoting the expansion and quality of domestic service is related to the well-being of thousands of families, is an important measure to adapt to the rapid development of aging and the implementation of the comprehensive two child policy, and is conducive to expanding consumption and increasing employment.

First, we should promote domestic service enterprises to enter the community, encourage chain development, and provide convenient domestic service nearby. We will vigorously develop new forms of domestic service such as e-commerce and Internet intermediaries.

Second, strengthen the training of domestic service skills to promote quality improvement. We will set up domestic service related majors in qualified universities and vocational colleges, and support qualified leading domestic service enterprises to set up domestic service vocational colleges.

Third, we should promote the standardization of domestic service and promote model contracts. Establish an integrity system and implement standardized supervision.

Fourth, we need to increase policy support. The small and micro household service enterprises will be given tax relief according to regulations. Encourage local governments to purchase services, and provide free domestic service training for employees transferred from enterprises with overcapacity in the industry, and for poor labor with registered cards. Support the construction of collective dormitories for employees in employee based domestic service enterprises. (Reporter Dong Xin)

Edit: Chen Sinan

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