It is reported that the key to steady growth lies in steady investment. In terms of investment, the first thing we can expect is that the Ministry of Finance will soon release the second batch of PPP demonstration projects. Thirdly, the Opinions on Comprehensively Deepening the Reform of Investment and Financing System is expected to be promulgated as soon as this year, and the focus of the reform is to open up channels for financial funds to flow to the real economy.
In addition, the stable investment policy may also include: adjusting the investment mode of financial funds, from directly supporting projects to adopting more market-oriented methods such as equity investment to support specific links with market failures in competitive industries; Introduce government investment regulations, study and formulate regulations on government approval and filing of investment projects, and gradually bring investment management into the rule of law; Promote the transformation and restructuring of local financing platforms to market-oriented financing; Study and improve the calculation method of R&D expenses and expand the scope of R&D expenses deduction for enterprises; Expand the scale of supplementary mortgage loans, extend the scope of issuance to The Export-Import Bank of China and China Agricultural Development Bank, and appropriately increase the annual credit plan.
In terms of monetary policy, we can still expect to cut interest rates again and reduce RRR, even more than once.
In terms of export, improving government services and creating new competitive advantages are the next policy priorities. Specific measures include: implementing various policies and measures to stabilize foreign trade development; Speed up the progress of export tax rebate, promote national integrated customs clearance, and reduce the export inspection rate by 1 percentage point; Strengthen the construction of export product quality, brand and marketing channels, guide the processing trade to extend to the middle and high end of the industrial chain, and improve the added value and international competitiveness of products; Accelerate the development of new modes such as cross-border electronic commerce, market procurement trade and comprehensive foreign trade services. In addition, in terms of trade facilitation and financial support, there is still room for introducing new policies to increase export stability, including studying the reduction of policy export credit insurance rates.
Regional policies may become another starting point for steady growth in the fourth quarter. The overall economic downturn in Northeast China urgently needs policy support. In addition to the Opinions on Several Major Policies and Measures to Support the Revitalization of Northeast China in the Near Future issued last year, it is likely that the Opinions on Comprehensively Revitalizing the Old Industrial Bases in Northeast China will be issued, and a three-year action plan for cultivating and developing emerging industries in Northeast China will be issued. The coordinated development of Beijing-Tianjin-Hebei will also implement a number of major projects in key areas such as transportation integration, ecological and environmental protection, industrial upgrading and transfer, and orderly implement a number of pioneering projects to ease the functions of Beijing's non-capital, and actively promote pilot demonstrations of reform and innovation.
Policies to promote consumption will mainly rely on the implementation of local governments. On August 25th, "Several Opinions of Shaanxi Provincial People's Government on Promoting Stable Consumption Growth" was released. In the second half of the year, Beijing, Guangdong, Zhejiang, Guizhou, Hainan, Anhui, Shaanxi and other places are actively promoting consumption. The policy covers many aspects, such as strengthening the construction of consumption-related infrastructure, optimizing the consumer market environment, and cultivating new consumption growth points. Some places are planning to introduce consumer subsidy policies.
There is still room for real estate policy. On the one hand, the transformation of shanty towns, learning from the experience of shantytown transformation, and supporting the urbanization of suburbs and the renewal of old urban communities will be the important direction of local investment in the future; On the other hand, urbanization is still the focus of future investment. On September 22nd, Hefei reviewed and approved in principle the Implementation Plan of New Urbanization Pilot in Hefei.
(The above answers were published on 20 15-09-30. Please refer to the actual situation for the current purchase policy. )
Click to view more real estate information.