The meeting pointed out that appropriately reducing the social insurance premium rate is an important measure to reduce the burden on enterprises by directional regulation, which is conducive to steady growth and employment promotion. The meeting decided to reduce the average rate of industrial injury insurance from 1% to 0.75% on the basis of reducing the unemployment insurance rate, refine the benchmark rate level according to the industry risk level, and appropriately increase or decrease the rate for the unit (enterprise) according to the incidence of industrial injury; Reduce the maternity insurance rate from no more than 1% to no more than 0.5%; Where the industrial injury insurance and maternity insurance funds exceed the reasonable stock, the rates shall be reduced. The implementation of the above policies is expected to reduce the burden on enterprises by about 27 billion yuan every year.
The meeting held that reforming the use of commercial insurance funds to meet the major national strategies and market demand is conducive to innovation and efficiency improvement in the insurance industry, and can also drive effective social investment and support the development of the real economy. The meeting decided to set up China Insurance Investment Fund in accordance with the principles of market-oriented professional operation and sustainable business. The fund adopts a limited partnership system with a scale of 300 billion yuan, mainly from insurance institutions. It directly invests in various investment funds at home and abroad in the form of equity and creditor's rights or as a parent fund, mainly investing in major projects such as shantytown renovation, urban infrastructure, major water conservancy projects, transportation facilities in the central and western regions, "Belt and Road" and international capacity cooperation. Through long-term and stable financial support, we will create a new economic engine for public goods and services.
The meeting adopted the Amendment (Draft) of People's Republic of China (PRC) Commercial Bank Law. Drawing lessons from international experience, the draft cancels the stipulation that the ratio of loan balance to deposit balance should not exceed 75%, and changes the loan-to-deposit ratio from legal supervision index to liquidity monitoring index. This is conducive to improving the financial transmission mechanism and enhancing the ability of financial institutions to expand loans to agriculture, rural areas and small and micro enterprises. The meeting decided to submit the draft to the National People's Congress Standing Committee (NPCSC) for consideration.