On August 31, 2022, the State Council will hold an executive meeting to further promote the effectiveness of the package of policies to stabilize the economy. The detailed policy rules should be released in early September, focusing on expanding effective demand and consolidating the foundation for economic recovery. mainly include:

First, on the basis of making good use of the newly added policy-based development financial instruments of more than 300 billion yuan, meet the capital needs for eligible projects and avoid the emergence of projects and other funds; add new support for projects started in the first half of the year, so as to form a more stable development in the third quarter. Multiple physical workloads.

The second is to expand the support areas of policy-based development financial instruments, including the renovation of old communities and provincial highways, so as to attract private investment as much as possible.

The third is to introduce policies to support the upgrading of manufacturing enterprises, vocational colleges and other equipment.

Fourth, guide commercial banks to provide medium and long-term loans for key project construction and equipment renovation. Relevant departments and banks should improve assessment methods and form incentive mechanisms.

Fifth, continue to adopt centralized office and other methods for key projects to improve the efficiency of examination and approval. Local governments can make commitments according to their powers, and go through the formalities after the project is completed.

Sixth, to support rigid and improved housing needs, local governments should make good use of the policy toolbox for “one city, one policy”, and flexibly use phased credit policies and special loans to guarantee the delivery of buildings. Promote large-scale consumption such as automobiles.

Seventh, the State Council sent another group of supervision and service working groups to several provinces to promote policy implementation.

Eighth, all localities should also establish supervision and service mechanisms. The project should be advanced without losing any time in accordance with the principles of return, guarantee of non-embezzlement of funds and project quality. Editor / Xu Shengpeng