The meeting pointed out that 20 17 is the implementation? Thirteenth Five-Year Plan? The important planning year is the deepening year of supply-side structural reform. Some experts said that the supply-side reform will affect the direction of modern agriculture, the direction of agricultural logistics informationization and the direction of land transfer. For the secondary market, online sales of agricultural products, logistics and transportation of agricultural products with symmetrical information, pesticides and fertilizers, and seed industry cultivation will benefit a lot.
We will continue to implement a proactive fiscal policy and a prudent monetary policy.
We will continue to implement a proactive fiscal policy and a prudent monetary policy. The fiscal policy should be more active and effective, and the budget arrangement should meet the needs of promoting supply-side structural reform, reducing the tax burden of enterprises and ensuring people's livelihood. Monetary policy should remain stable and neutral, adapt to the new changes in the mode of money supply, adjust the monetary gate, try to dredge the transmission channels and mechanisms of monetary policy, and maintain the basic stability of liquidity. In this regard, Wu Ge, chief economist of Huarong Securities, said: It can be seen from this statement that monetary policy will be more neutral while being stable, especially the prevention and control of asset bubbles will be placed in a more prominent position, and the overall monetary environment next year will not be too loose. ?
For the meeting? Adapt to the new changes in the way of money supply? Wu Ge said that this means the negative growth of foreign exchange holdings in recent years. In the past, the way the central bank invested in the base currency through foreign exchange holdings has changed. At present, it relies more on open market operations and new monetary policy tools. Before the exchange rate has not stabilized and the asset bubble has not been contained, it is hard to say that monetary policy will be greatly relaxed, and it is more difficult to reduce RRR and cut interest rates.
Preventing and controlling financial risks
While enhancing exchange rate flexibility, we should keep the RMB exchange rate basically stable at a reasonable and balanced level. It is necessary to put the prevention and control of financial risks in a more important position, make up our minds to control a number of risk points, focus on preventing and controlling asset bubbles, improve and enhance the supervision ability, and ensure that systematic financial risks do not occur.
Wu Ge said? In recent years, risks rotate in the fields of stock market, bond market, real estate and cross-border capital flow, so it is difficult to identify risk points in specific fields. However, one of the risks that may be exposed in the future is direct financing, which is reflected in the risk of default in the bond market and bankruptcy of enterprises, and the other is indirect financing, which is reflected in the rise of non-performing loans of banks. ?
Financial risks are just appearances, and behind them are problems encountered by entities. Therefore, the key to treating the symptoms is to let the entity enterprises have better profit growth points and create a better business environment, especially private enterprises. Otherwise, if the enterprise encounters substantial difficulties, financial risks are inevitable.
? The house is for living, not for speculation.
Hang in there? The house is for living, not for speculation. Positioning, comprehensive use of finance, land, finance, taxation, investment, legislation and other means, accelerate the study and establishment of basic systems and long-term mechanisms that conform to national conditions and adapt to market rules, so as to curb the real estate bubble and prevent ups and downs. In order to macro-control the currency, micro-credit policy should support reasonable self-occupied housing purchase and strictly limit the flow of credit to investment speculative housing purchase.
To implement the main responsibility of local governments, cities with high pressure of rising housing prices should reasonably increase land supply, increase the proportion of residential land and revitalize idle and inefficient land in cities. Megacities should speed up the dismantling of some urban functions and promote the development of surrounding small and medium-sized cities.
It is necessary to speed up the legislation of the housing leasing market and accelerate the development of institutionalized and large-scale leasing enterprises. Strengthen the supervision and rectification of the housing market and standardize development, sales and intermediary activities.
Experts believe that the current real estate income in first-tier cities far exceeds the income from the main business, accelerating the flow of funds to the non-real economy.
The key to the stable development of the real estate market is to stabilize market expectations and reduce the irrational behavior of market participants. To completely solve the contradiction in the property market, the most fundamental thing is to promote the establishment of a long-term mechanism for real estate regulation and control, and truly stabilize market expectations, that is, stabilize supply and demand, stabilize supply and demand, stabilize housing prices, and stabilize housing prices.
This meeting of the Political Bureau once again showed the thinking of decision-makers on real estate regulation, that is, from relying on administrative instructions to focusing on the long-term mechanism of the market. It can be predicted that a series of systems such as land supply system, housing finance system and real estate tax will enter the fast lane, and the long-term mechanism will guide the market to stabilize expectations, which undoubtedly captures the true meaning of property market regulation.
However, it should be noted that the introduction and establishment of a long-term mechanism will not happen overnight, and its establishment must have a process. So, should give priority to with the central? De-stocking and de-leveraging? The overall goal is to strengthen the main responsibility of local governments, and on the basis of adhering to classified regulation and city-specific policies, further refine the policies into? One city and one policy? Even? One district, one policy? Provide a good space for the healthy development of the real estate market, thus winning time and space for the establishment of a long-term mechanism.
In the next step, the housing system that combines real estate tax with rent and purchase will be an important point of view. The establishment of a long-term mechanism will effectively prevent the recurrence of the property market and truly promote the return of housing to the essential attributes of living.
Mixed ownership reform is an important breakthrough in the reform of state-owned enterprises.
Mixed ownership reform is an important breakthrough in the reform of state-owned enterprises. In accordance with the requirements of improving governance, strengthening incentives, highlighting the main business and improving efficiency, substantial steps have been taken in the fields of electric power, oil, natural gas, railways, civil aviation, telecommunications and military industry.
Xiang Anbo, Enterprise Research Institute of the State Council Development Research Center, believes that in the new year, there will probably be a new breakthrough in the reform of mixed ownership. For the reform of mixed ownership, the documents have been prepared, and the next step is to combine the industrial system reform in important fields. How to promote the reform of mixed ownership? New substantive progress is needed in this regard. For example, can state-owned enterprises with mixed ownership of science and technology carry out some pilot projects of employee stock ownership? Because the policy is clear and priority is given to support, there should be some work. ?
Xiang Anbo said that after the 20 16 pilot, if the reform of state-owned enterprises can be further promoted and broadened in the direction of marketization, such as market-oriented selection and appointment of managers, the vitality of state-owned enterprises will be further enhanced, thus releasing more dividends.
Strengthen the construction of property rights protection system
It is necessary to strengthen the construction of property rights protection system, promptly compile the civil code, and strengthen the protection of property rights of various ownership organizations and natural persons. Insist on correcting mistakes, and identify and correct a number of misjudged cases that infringe on enterprise property rights.
In this regard, Liang Haiming, dean of Silk Road Zhigu Research Institute, believes that this is an old problem and property owners have perseverance. The establishment of property rights protection system can make people have more expectations for the future and dare to invest and consume, which is very important. Only when everyone invests and consumes can we promote the vitality and development of the economy. However, the difficulty is that the old problems have not been solved and new problems have emerged. Government officials ignore old things, which leads to more and more problems. The more you accumulate, the more difficult it is to solve, forming a vicious circle. If this policy can be implemented, it will have a very positive impact on the economy next year and contribute to economic development.