China News Service, August 3 (Chief Financial Reporter Li Jinlei) Recently, a group of two parties and other departments held a meeting to deploy key tasks in the second half of the year. Some important formulations and signals are worthy of attention.

Real estate: "guaranteed handover"

  According to data from the National Bureau of Statistics, in the first half of the year, the sales area of ​​commercial housing nationwide was 689.23 million square meters, a decrease of 22.2%; the sales volume of commercial housing was 6,607.2 billion yuan, a decrease of 28.9%.

In the past month, the "loan suspension" of unfinished real estate projects in many places has also attracted attention.

Real estate has become one of the key deployment tasks in the second half of the year.

  On August 1, the central bank held a work conference for the second half of 2022.

The meeting called

for the implementation of differentiated housing credit policies based on city-specific policies.

Maintain the stability of financing channels such as real estate credit and bonds, and accelerate the exploration of new development models for real estate.

  On July 25, the China Banking and Insurance Regulatory Commission held a system-wide 2022 mid-year work symposium and a disciplinary inspection and supervision work (television and telephone) symposium.

The meeting pointed out that

local governments should be supported to do a good job in "guaranteeing the delivery of buildings" to promote the stable and healthy development of the real estate market.

  The recently held Politburo meeting also first mentioned "guaranteing the handover of buildings", demanding that the responsibilities of the local government be consolidated to ensure the handover of buildings and stabilize people's livelihood.

  "The current policy on guaranteeing the handover of buildings is relatively clear. Local governments, commercial banks and other institutions are closely cooperating, and real estate companies are actively participating in the resumption of work. It is not ruled out that there will be a new round of policies for guaranteeing the handover of buildings in the second half of the year." Research Director of the Think Tank Center of E-House Research Institute Yan Yuejin believes that there will be positive progress and performance especially in promoting the construction of housing enterprises, resolving the debt pressure of housing enterprises, and safeguarding the legitimate rights and interests of home buyers.

  Dong Ximiao, chief researcher of China Merchants Union Finance, told Zhongxin Finance that there is still a lot of room for optimization and adjustment of real estate policies in the next step.

"Policies based on cities" can be further refined into "Policies based on districts" and "Policies based on needs".

At the same time, we should adhere to the principle of “simultaneous development of rental and purchase”, vigorously develop the long-term rental market, promote the construction of affordable housing, and accelerate the exploration and development of new development models for real estate.

Data map: Real estate real estate.

Photo by China News Agency reporter Zhang Bin

Infrastructure: Increase financial support

  Infrastructure projects are the focus of financial policy care and support.

  The central bank meeting called for

making good use of policy development financial tools and focusing on supporting the construction of infrastructure.

The China Banking and Insurance Regulatory Commission requested to

guide and increase financial support for infrastructure construction projects.

  Dong Yu, executive vice president of the China Development Planning Institute of Tsinghua University, pointed out that infrastructure is a long-term issue, but at present it also plays a key role in mobilizing the whole body, which can play a positive role in stabilizing the current national economic situation and stabilizing market expectations.

  The "Analysis of China's Economic Situation in Mid-2022" recently released by the Macroeconomic Research Think Tank Research Group of the Chinese Academy of Social Sciences suggests that in terms of spatial layout, infrastructure construction and real estate investment should be guided towards urban agglomerations and metropolitan areas, which are closely related to population flow and industrial agglomeration. A benign interaction mechanism will be formed to improve the return on macro capital.

Small and Micro Enterprises: Strengthening Small and Micro Financial Services

  Greater support for small and micro enterprises is also a key direction for the second half of the year.

  The central bank meeting demanded to

increase credit support for enterprises.

Increase financial support for private small and micro enterprises and other key areas.

  The meeting of the China Banking and Insurance Regulatory Commission called for

strengthening the stabilization and relief of enterprises, and taking the initiative to make continuous financing arrangements for enterprises in the catering, accommodation, cultural tourism, transportation and other industries.

Strengthen small and micro financial services.

Carry out special rectification of enterprise-related indiscriminate charges.

  On July 29, the China Securities Regulatory Commission held the 2022 mid-year system supervision work meeting and the regular and long-term mobilization and deployment meeting for inspection and rectification

. Focus on key areas and weak links, and research and introduce more and more powerful support measures.

  Dong Ximiao said that in the second half of the year, there are still huge challenges to achieve the annual economic growth target. Macroeconomic policies must continue to exert sufficient force, stay ahead of the market curve, help market players solve difficulties and restore the real economy steadily, enhance the confidence of market players, stimulate Effective financing needs.

Financial institutions should further enhance their social responsibilities, properly optimize the allocation of financial resources, innovate products and services, and better meet the needs of the real economy, especially regions and industries that have been greatly affected by the epidemic, while adhering to business sustainability and overall risk control. To meet the needs of the market, we will increase support services for market players, especially manufacturing, small and micro enterprises, individual industrial and commercial households, and new citizen groups.

Platform economy: urge platform enterprises to complete rectification in an all-round way

  The central bank meeting requested that

platform companies be urged to complete rectification in an all-round way, implement standardized, transparent, and predictable normalized supervision, and give full play to the role of the platform economy in creating jobs and promoting consumption.

  The meeting of the China Securities Regulatory Commission required to promote the implementation of the overseas listing filing system, and actively support the overseas listing of eligible companies.

  Feng Xuming, director of the Macroeconomic Think Tank Research Office of the Chinese Academy of Social Sciences, told Zhongxin Finance that the platform economy field represented by large Internet companies has experienced rapid development in the past two decades, but some related systems have not kept up. It is very necessary to strengthen the annual supervision measures, which is equivalent to "make-up lessons".

After two years of non-normal supervision, supervision concepts and policies have been gradually improved. After entering the normal supervision stage, the relationship between development and supervision will be more balanced, supervision policies will become more stable and transparent, legislation and system construction will be accelerate.

These are all conducive to guiding and stabilizing the expectations of market players, which is a positive signal.

(Finish)

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