On October 30, the State Council’s report on financial work was submitted to the 37th meeting of the Standing Committee of the 13th National People’s Congress for review on the 28th.
The report was reviewed by Guan Guan New Media. The implementation of monetary policy shows that my country has increased the implementation of prudent monetary policy, lowered the reserve requirement ratio by 0.25 percentage points, reasonably increased liquidity, and enhanced the stability of total credit growth; The comprehensive financing costs of enterprises have been promoted to be stable and declining. From January to September, the weighted average interest rate of newly issued enterprise loans was 4.24%, down 0.29 percentage points from the same period last year and at a historically low level; giving full play to the role of structural monetary policy tools, Arrange special loans of 200 billion yuan to ensure the delivery of housing and stabilize people's livelihood; maintain the basic stability of the RMB exchange rate at a reasonable and balanced level, and make good use of the central bank's balance profits to support stable growth.
The operation and supervision and management of the financial industry show that supervision and law enforcement should be strengthened and supervision rules in various industries should be improved. The China Banking and Insurance Regulatory Commission punished 3,200 banking and insurance institutions, punished 5,400 responsible personnel, and fined and confiscated a total of 2 billion yuan. At the same time, we will strengthen the construction of financial rule of law and severely punish financial corruption. On the one hand, we will speed up the drafting and promulgation of corporate bond management regulations and listed company supervision regulations, and on the other hand, we will severely punish regulatory failures and illegal and criminal behaviors behind financial risks.
Financial support for the real economy shows that the total amount of financing should be maintained at a reasonable and sufficient level and support for key areas should be increased. On the Shanghai Stock Exchange and Shenzhen Stock Exchange, 265 companies launched initial public offerings (IPOs), raising 479.1 billion yuan, ranking first in the world in both quantity and financing amount. Inclusive finance has made positive progress and the level of basic financial services has been improved. The pilot testing of digital renminbi has been steadily and steadily promoted, and the pilot areas have been expanded to 23 regions in 15 provinces and cities.
In terms of financial system reform and opening up to the outside world, deepen the reform of financial institutions, develop multi-level financial markets, and expand high-level financial opening up to the outside world. Coordinate and promote the reform of small and medium-sized banks to reduce risks, make preparations for the full implementation of the registration system for stock issuance, expand the scope of Shanghai-Shenzhen-Hong Kong Stock Connect, and officially launch trading of open-ended funds (ETFs) under the interconnection.
In terms of preventing and resolving hidden financial risks, we will continue to resolve risks in financial institutions and deal with high-risk enterprise groups in an orderly manner. Properly resolve real estate financial risks, severely crack down on illegal financial activities, and build a long-term mechanism to prevent and resolve financial risks.
Among them, in terms of properly resolving real estate financial risks, it is necessary to promote risk disposal of real estate enterprises and provide financial support to ensure the delivery of buildings. Guide financial institutions to support the reasonable financing needs of the real estate industry, correct excessive risk aversion, promote a downward trend in personal housing loan interest rates, and better meet rigid and improved housing needs.