Only when the economy is good, finance can be good
January 4, 2019 20:10 Source: Chinese Government Network
Li Keqiang inspects Bank of China, Industrial and Commercial Bank of China, China Construction Bank
And held a symposium hosted by the China Insurance Regulatory Commission to emphasize
Improve the economic level of financial services entities and effectively alleviate the problem of financing difficult financing for enterprises
On January 4th, Li Keqiang, member of the Standing Committee of the Political Bureau of the CPC Central Committee and Premier of the State Council, visited the Bank of China, Industrial and Commercial Bank of China, and China Construction Bank, and held a symposium at the China Insurance Regulatory Commission.
Li Keqiang has successively visited the Bank of China Business Office and ICBC and CCB's Pratt & Whitney Finance Division to understand the scale, cost and convenience of small and micro enterprises, and to target small and micro enterprises' financing difficulties, use "Internet +" and other innovative models, and increase small Micro-enterprise loans and cost reductions are affirmed. Li Keqiang said that the steady employment is mainly dependent on thousands of small and micro enterprises, and the development of small and micro enterprises is inseparable from inclusive financial support. Inclusive finance is a great cause for the benefit of the country and the people, and the prospects are infinite. He encouraged several large state-owned banks to take the lead in providing meticulous and considerate services to private and small and micro enterprises.
Drawing on international experience, they will create universal financial signboards to promote the general enhancement of the vitality of market players and boost the confidence of enterprise development.
At the symposium, the main person in charge of the People's Bank of China and the Banking Regulatory Commission made a report. Li Keqiang fully affirmed the fruitful work done by the employees of the financial system in implementing the Party Central Committee and the State Council. He said that since the beginning of last year, in the face of complex and grim conditions, under the strong leadership of the Party Central Committee with Comrade Xi Jinping as the core, we have insisted on implementing a prudent monetary policy, not engaging in "big flood irrigation" and using various tools such as targeted reduction. Timely pre-adjustment and fine-tuning, especially the introduction of a series of targeted measures, focusing on solving the problems of financing difficulties for small and micro enterprises, strengthening the supervision and prevention of risk, and achieving macro-level leverage. This year's economic development faces new downward pressures and many challenges. We must adhere to the guidance of Xi Jinping's new era of socialism with Chinese characteristics, follow the deployment of the Central Economic Work Conference, adhere to the general tone of steady progress, maintain the continuity of macroeconomic policies, focus on strengthening the countercyclical adjustment of macroeconomic policies, and implement universal benefits. Sex tax reductions and structural tax reductions, timely use of policy tools such as comprehensive RRR cuts, targeted RRR cuts and refinancing, rediscounting, etc., to increase support for the real economy, especially private and small and micro enterprises, in order to maintain stable and healthy economic development. Provide support.
Li Keqiang pointed out that the key to financial services to the real economy is to adapt to the need to maintain a reasonable range of economic operations and stabilize employment. Only when the economy is good can finance be stable and develop. We must maintain a sound monetary policy with a moderate degree of liquidity and reasonable liquidity, focus on unblocking transmission channels, optimize the credit structure, and open up funds to reach the “last mile” of the real economy. It is necessary to solve the problem of financing difficult financing with greater efforts, and strive to reduce the volume of small and micro enterprise loans, and state-owned large banks must take the lead. We must also give reasonable support to good enterprises that encounter temporary difficulties, and we must not blindly lend money. Resolutely stop unreasonable behavior such as deposits and loans. Actively develop direct financing and promote the healthy development of the capital market. It is necessary to grasp the balance between financial services and the real economy and prevent and resolve risks, improve the overall supervision efficiency, and resolutely hold the bottom line of systemic and regional risks.
Li Keqiang said that it is necessary to ensure the implementation of relevant policies to support the development of inclusive finance, improve the bank small and micro enterprise loan assessment methods, refine the due diligence provisions, and establish an effective incentive mechanism for banks to develop inclusive finance. Strengthen the coordination of finance and other macro-policies, support the expansion of effective investment, promote domestic consumption, and improve the economic level of financial services.
Liu He, Xiao Jie and He Lifeng participated in the above activities.