China News Agency, Beijing, April 9th ​​China's official media released the "Opinions of the Central Committee of the Communist Party of China on Constructing a More Perfect Factor Market Allocation System and Mechanism" on the 9th, which proposed to deepen the reform of the household registration system and promote the adjustment and improvement of points in mega- and mega-city Settle down policies, relax the restrictions on city settlement except for some megacities, and try to implement the system of registering permanent residence as a place of residence.

Opinions require the promotion of market-based allocation of land elements. Encourage the revitalization of the stock of construction land, make full use of the market mechanism to revitalize the stock land and low-efficiency land, and study and improve the tax and fee system to promote the revitalization of the stock construction land. Promote the active use of the stock of state-owned enterprises in various ways. Deepen the reform of the rural homestead system, deepen the construction land consolidation, improve the urban-rural construction land increase and decrease linkage policy, and provide land element guarantee for rural revitalization and urban-rural integration.

Opinions suggest deepening the reform of the household registration system. Promote the adjustment and improvement of the points settlement policy for mega- and mega-cities, and explore and promote the first mutual recognition of the same urbanization in the urban clusters in the Yangtze River Delta and the Pearl River Delta. The restrictions on city settlement except for some mega-cities should be liberalized, and the system of registering household registration with the place of frequent residence should be tried out. Establish a mechanism for linking basic public services such as urban education, employment and entrepreneurship, medical and health services to the permanent population, and promote the allocation of public resources according to the size of the permanent population.

Opinions require the promotion of market-based allocation of capital elements. To formulate opinions on improving the basic system of the stock market. Adhere to the direction of marketization and rule of law reform, reform and improve the stock market issuance, trading, delisting and other systems. Encourage and guide cash dividends of listed companies. Improve the investor protection system and promote the perfection of the securities civil litigation system with Chinese characteristics. Improve the market construction of the main board, the science and technology board, the small and medium-sized enterprise board, the growth enterprise board and the national small and medium-sized enterprise share transfer system (new third board).

Opinions suggest speeding up the development of the bond market. We will steadily expand the scale of the bond market, enrich the variety of the bond market, and promote the interconnection of the bond market. Unify corporate credit bond information disclosure standards and improve the bond default settlement mechanism. Explore the implementation of the issuance registration management system for corporate credit bonds. Strengthen the unified access management of bond market rating agencies and regulate the development of the credit rating industry. Actively and orderly expand the opening of the financial industry to the outside world. Steadily promote RMB internationalization and RMB capital account convertibility. Gradually promote the two-way opening of the securities and fund industries to the outside world, and orderly promote the opening of the futures market to the outside world. Gradually relax the access conditions for foreign-funded financial institutions, and promote domestic financial institutions to participate in international financial market transactions.

The opinion pointed out that deepening the reform of the right to use, disposal, and income rights of scientific and technological achievements, and carrying out pilot projects to endow scientific research personnel with title or long-term right to use scientific and technological achievements. Strengthen the protection and application of intellectual property rights, and support the independent intellectual property rights market-oriented operations in major technical equipment and key new materials.

Opinions call for accelerating the cultivation of the data element market, giving play to the role of industry associations and chambers of commerce, and promoting the standardization of data collection in areas such as artificial intelligence, wearable devices, Internet of Vehicles, and the Internet of Things.

Opinions suggest that the benchmark interest rate of deposits and loans should be steadily integrated with the market interest rate, improve the pricing efficiency of the bond market, improve the Treasury yield curve that reflects market supply and demand, and better play the benchmark role of the Treasury yield curve pricing. Enhance the flexibility of the RMB exchange rate and maintain the basic stability of the RMB exchange rate at a reasonable and balanced level. (Finish)