In view of the economic impact of the current COVID-19 epidemic, China has implemented a proactive fiscal policy and a prudent monetary policy at this stage. A proactive fiscal policy and a prudent monetary policy can be regarded as the "optimal" policy combination at present. At present, the government needs to properly control the credit supply and currency issuance, especially the inflow of hot money, through a "prudent monetary policy". The so-called proactive fiscal policy is an expansionary fiscal policy, that is, expanding the total social demand by increasing government expenditure. Including increasing government procurement, increasing government transfer payments and reducing tax rates. The so-called prudent monetary policy refers to adjusting the policy orientation according to the signs of economic changes. When the economy shows signs of recession, monetary policy tends to expand; When the economy is overheated, monetary policy tends to tighten. This policy-oriented adjustment is ultimately reflected in the price, which is to maintain the basic stability of the price.

In order to support the epidemic prevention and control work, the state has issued the following personal income tax preferential policies:

First, the temporary work subsidies and bonuses obtained by medical personnel and epidemic prevention personnel participating in epidemic prevention and control work according to the standards set by the government are exempt from personal income tax. The standards set by the government include subsidies and bonuses set by governments at all levels. Temporary work subsidies and bonuses for personnel involved in epidemic prevention and control stipulated by the people's governments at or above the provincial level shall be implemented mutatis mutandis.

Second, the drugs, medical supplies, protective supplies and other physical objects (excluding cash) issued by the unit to individuals to prevent COVID-19 are not included in wages and salaries, and are exempt from personal income tax.

Workers affected by the epidemic can enjoy the phased support policy of housing provident fund.

Workers affected by the epidemic, before June 30, 2020, housing provident fund loans can not be repaid normally, not overdue, not as overdue records submitted to the credit department, has been submitted to be adjusted. For employees who are under great pressure to pay rent, the amount of rent withdrawal can be reasonably increased and the time for rent withdrawal can be flexibly arranged.

Relevant policies have also been introduced in terms of giving financial interest subsidies to loans from key enterprises for epidemic prevention and control.

On the basis of the special refinancing of the People's Bank of China to support financial institutions to provide preferential interest rate credit, the central government will give discount support to the loans of new key enterprises for epidemic prevention and control in 2020, and the discount period will not exceed 1 year.

Requirements for the use of preferential loans: loan enterprises enjoying discount support shall not misappropriate credit funds to repay other debts of enterprises; Do not use funds for arbitrage activities such as financial investment and wealth management; The funds shall not be used for production and business activities unrelated to epidemic prevention and control; We must obey the unified distribution of the means of production by the state.

The credit line of financial institutions shall not exceed the scale of relevant production and business activities required for epidemic prevention and control of enterprises in the list; The loan funds issued by special refinancing shall not be used for the general capital needs of enterprises in the list; It is not allowed to recover existing loans in advance and continue to do so to obtain refinancing funds.