(Two Sessions Express) Li Keqiang: Financial institutions must uphold their duty of serving the real economy
China News Agency, Beijing, March 5th. On the 5th, Premier Li Keqiang of the State Council delivered a government work report to the Fourth Session of the 13th National People's Congress, stating that financial institutions must stick to their duty of serving the real economy.
When talking about deepening reforms in key areas and stimulating the vitality of market players, Li Keqiang mentioned the need to promote the common development of multiple ownership economies.
Uphold and improve the basic socialist economic system.
Unswervingly consolidate and develop the public ownership economy, and unswervingly encourage, support, and guide the development of the non-public ownership economy.
All types of market players are the builders of national modernization and must be treated equally and equally.
Li Keqiang said that in-depth implementation of the three-year reform of state-owned enterprises, to strengthen and improve state-owned capital and state-owned enterprises.
Deepen the reform of mixed ownership of state-owned enterprises.
Build a pro-Qing political and business relationship and break down various barriers restricting the development of private enterprises.
Promote entrepreneurship.
The state supports the innovation and development of platform enterprises and enhances their international competitiveness, while at the same time regulating development in accordance with the law.
Strengthen anti-monopoly and prevent the disorderly expansion of capital, and resolutely maintain a fair competitive market environment.
"Deepen the reform of the fiscal, taxation and financial system." Li Keqiang pointed out that the budget constraint and performance management should be strengthened, budget disclosure should be increased, and the procedures and procedures for enjoying preferential tax and fee policies should be streamlined.
Implement the reform plan for the division of fiscal power and expenditure responsibilities between the central and local governments.
Li Keqiang said, continue to replenish the capital of small and medium-sized banks through multiple channels, strengthen corporate governance, promote the reform of the sub-ledger of policy banks, and improve insurance protection and service functions.
Steadily advance the reform of the registration system, improve the normalized delisting mechanism, strengthen the construction of the bond market, better play the role of the multi-level capital market, and expand the financing channels for market entities.
Li Keqiang pointed out that the supervision of financial holding companies and financial technology should be strengthened to ensure that financial innovation is carried out under the premise of prudential supervision.
Improve the financial risk handling mechanism, consolidate the responsibilities of all parties, and resolutely maintain the bottom line of avoiding systemic risks.
Financial institutions must uphold their duty of serving the real economy.
(Finish)