The Financial Committee of the State Council held a meeting to study the current situation to stabilize growth, stabilize the market, and stabilize confidence!
Source:Changling Hydraulic  Time:2022-04-29  Visit:56
On March 16, the Financial Stability and Development Committee of the State Council held a special meeting to study the current economic situation and capital market issues. The meeting was chaired by Liu He, Member of the Political Bureau of the CPC Central Committee, Vice Premier of the State Council, and Director of the Finance Committee. Responsible comrades from relevant departments attended the meeting.

The meeting pointed out that under the current complex situation, the key is to insist that development is the first priority of the party to govern and rejuvenate the country, adhere to economic construction as the center, adhere to deepening reform and expand opening up, adhere to the principles of marketization and the rule of law, and adhere to the "two Unswervingly”, earnestly protect property rights, fully implement the spirit of the Central Economic Work Conference and the deployment of the National “Two Sessions”, coordinate epidemic prevention and control and economic and social development, keep the economy operating within a reasonable range, and maintain the stable operation of the capital market.

The conference examined related issues. Regarding macroeconomic operation, we must implement the decisions and arrangements of the CPC Central Committee, effectively invigorate the economy in the first quarter, proactively respond to monetary policy, and maintain moderate growth in new loans. Regarding real estate enterprises, it is necessary to timely research and propose effective and effective response plans for preventing and resolving risks, and propose supporting measures for the transition to a new development model. Regarding China Concept Stock, the regulatory agencies of China and the United States have maintained good communication, and have made positive progress, and are working on forming a specific cooperation plan. The Chinese government continues to support various types of companies to list overseas. Regarding platform economic governance, relevant departments should improve the established plans in accordance with the principles of marketization, legalization, and internationalization, adhere to seeking progress while maintaining stability, and steadily advance and complete the rectification work of large platform companies through standardized, transparent, and predictable supervision. Both red and green lights must be set up to promote the stable and healthy development of the platform economy and improve international competitiveness. Regarding the stability of Hong Kong's financial market, the regulators of the Mainland and Hong Kong should strengthen communication and cooperation.

The meeting emphasized that the relevant departments should earnestly undertake their own responsibilities, actively introduce policies that are beneficial to the market, and prudently introduce contractionary policies. Respond in a timely manner to hot issues that the market is concerned about. Any policy that has a significant impact on the capital market should be coordinated with the financial management department in advance to maintain the stability and consistency of policy expectations. The Finance Committee of the State Council will, in accordance with the requirements of the Party Central Committee and the State Council, step up coordination and communication, and conduct accountability when necessary. Financial institutions must proceed from the overall situation and firmly support the development of the real economy. Long-term institutional investors are welcome to increase their shareholdings. All parties must deeply understand the significance of the "two establishments", resolutely implement the "two maintenances", maintain the long-term trend of the healthy development of China's economy, and jointly maintain the stable development of the capital market.