Home >

The Pilot Of Financial Reform And Innovation Is Proceeding In An Orderly Way.

2015/12/3 19:04:00 21

FinanceReform And InnovationPilot Projects

Li Keqiang, premier of the State Council, chaired the executive session of the State Council on December 2nd to hear about the RMB's introduction of the special drawing rights and the next financial reform and opening up related work report. The pilot program for financial reform and opening up was carried out to improve the financial services capacity of the real economy; the implementation of ultra low emission and energy saving pformation of coal-fired power plants was carried out, and coal consumption and pollution emissions were greatly reduced. The draft decision on the People's Republic of China population and family planning law (Draft) and the State Council standing committee authorized the State Council to temporarily adjust the relevant legal provisions in some administrative regions.

The meeting pointed out that recently, the International Monetary Fund decided to include Renminbi in the basket of SDR currencies. This is the recognition of the international community on the achievements of China's reform and opening up, and the Chinese government welcomes it.

This will help boost.

RMB

The gradual internationalization process will promote China's participation in global economic governance in a deeper and wider field and achieve win-win cooperation.

We should take this as an opportunity to further deepen the reform and opening up of the finance, perfect the macro Prudential Management, and adhere to the management.

Floating exchange rate system

We should keep the RMB exchange rate basically stable at a reasonable and balanced level, properly defuse risks, improve matching systems, and achieve the convertibility of Renminbi capital items in an orderly manner.

The conference adopted the amendment to the draft law on population and family planning of the People's Republic of China (Draft).

The draft clearly defined the implementation of a comprehensive two child policy in the whole country, and adjusted and improved the supporting system such as reward and guarantee.

The meeting also adopted a draft decision to authorize the State Council to temporarily adjust the relevant provisions of the property law and guarantee law in the pilot counties (cities and districts) of Daxing District, Tianjin and Jixian County, Beijing, so as to provide legal protection for the pilot projects of rural contracted land management rights and farmers' housing property rights mortgage loans.

The meeting decided to submit the draft to the Standing Committee of the National People's Congress for consideration.

The meeting held that we should stick to outstanding features and focus on promoting the development of financial reform and innovation by selecting a batch of regions with mature conditions, which can accumulate experience for deepening financial reform and opening up and enhance the capability of serving the real economy.

The meeting decided that one is to build a pilot area for financial services reform of small and micro enterprises in Taizhou, Zhejiang province. Through exploring the new mode of specialized financial institutions and Internet financial services, supporting small and micro enterprises in direct financing within and outside the country, and improving the credit system, we will explore ways to ease the financing difficulties of small and micro enterprises.

The two is to carry out the comprehensive reform experiment of rural finance in Jilin. We should explore the risk of expanding the scale of modern agriculture, revitalize the rural property rights, explore the rural financial organizations, supply chain financial services, expand the scope of agricultural loans to pledge collateral, and optimize agricultural insurance products.

The three is to support the Guangdong, Tianjin and Fujian free trade pilot areas, focusing on deepening Guangdong, Hong Kong and Macao cooperation, developing financial leasing and promoting cross-strait financial cooperation.

Cross border investment and financing

We will carry out pilot projects of financial opening and innovation, mature and promote one.

Relevant departments and pilot regions should report to the State Council on the pilot work of thematic reports.

The meeting pointed out that in accordance with the requirements of green development, the implementation of the action plan of the State Council's air pollution prevention and control, through speeding up the upgrading and upgrading of coal-fired power plants, and comprehensively promoting the ultra-low emission and world-class energy consumption standards across the country, is an important measure to promote the clean energy of fossil fuels, improve air quality and ease resource constraints.

The meeting decided that before 2020, the implementation of ultra low emission and energy saving retrofit for coal-fired generating units would reduce the average coal consumption per kilowatt hour of all active power plants below 310 grams, and the average coal consumption of newly built power plants was below 300 grams. The East and central regions should advance to 2017 and 2018 to meet the requirements of resolutely scouring and shutting down the backward production capacity and the requirements that do not meet the relevant mandatory standards.

After the pformation is completed, it can save about 1 billion tons of raw coal per year, reduce carbon dioxide emissions by 1.8 million tons, and the total emissions of the main pollutants in the power industry can be reduced by about 60%.

The meeting calls for greater policy incentives for ultra low emissions and energy saving pformation, mainly for enterprises, and central and local governments for policy support.

The special funds for air pollution prevention and control of the central government are moderately tilted to provinces with good energy saving and emission reduction effects.

At the same time, we must combine the "13th Five-Year plan" to introduce the unit energy consumption minimum standard for all coal and electric generating units.


  • Related reading

RMB'S Influence On SDR Is Too Great.

Macro economy
|
2015/12/2 19:55:00
19

China'S Capital Market Development Strategy

Macro economy
|
2015/12/1 21:23:00
29

RMB's Accession To SDR Is Not Necessarily Related To Exchange Rate.

Macro economy
|
2015/11/30 21:37:00
51

The Renminbi Has Always Been Facing Strong Devaluation Pressure.

Macro economy
|
2015/11/29 9:30:00
41

RMB Is Included In The SDR, The European Central Bank Is Overweight And Relaxed.

Macro economy
|
2015/11/29 9:28:00
21
Read the next article

It Is Not Just Political Storms That Plagued Emerging Markets.

Emerging markets will face a Brazil style debt dilemma. Brazil's challenge is partly a reflection of the rapid growth and high level of private sector debt, and also highlights the downside risks faced by other countries.