[ad_1]
To comprehensively promote reform and opening up and accelerate the establishment of a new development pattern.
Our reporter Zhang Pei
The Central Economic Work Conference held from December 16 to 18, 2020 stressed that “we must pay more attention to deepening reform and openness to enhance the endogenous driving force of development,” and listed “comprehensively promote reform and openness “as one of the eight key tasks next year, noting” To build a new pattern of development, we must build a high-level socialist market economy system, implement a high-level openness and promote mutual promotion of reform and opening up “.
Lian Ping, chief economist and dean of the Zhixin Investment Research Institute, said the meeting called for reform and openness to promote each other, thus forming a strengthening of the national governance system and modernization of governance capacities, removing institutional barriers and institutions that restrict high-quality development and high-quality living. Improve the efficiency of resource allocation, mobilize the continuous power and vitality of the enthusiasm of the whole society, and then upgrade the level of the socialist market economy system and build a new pattern of development.
Promote deeper reforms
In September 2020, Secretary General Xi Jinping emphasized at the fifteenth meeting of the Central Committee for the Comprehensive Deepening of the Reform to promote deeper reforms and implement a higher level of openness to provide a strong impetus to build a new pattern of development.
Experts say that reform is the key to the liberation and development of the social productive forces and the fundamental engine for national development. To build a new pattern of development, we must make good use of the important magic weapon of reform and openness, seek the motivation of reform, promote development through openness, continue to accelerate reform and openness, and create a new development situation.
To build a new pattern of development, we must deepen reforms to stimulate vitality and unlock potential. For example, it is necessary to accelerate the reforms that lead to improving the efficiency of resource allocation, reforms that lead to improve the quality and efficiency of development, reforms that lead to mobilize the polarities of all parties, strengthen the systemic and synergy of reforms and stimulate general effects; The development pattern is related to the implementation of the coordinated regional national development strategy and the construction of pilot free trade zones. It is the first to explore the formation of a new pattern of development in regions where conditions permit, and to create a new highland for reform and opening up.
To build a new pattern of development, it is also necessary to implement a higher level of openness and create new advantages in international cooperation and competition. For example, it is necessary to implement new development concepts, take supply-side structural reforms as the main line, deepen technological innovation, institutional innovation, business format and model innovation, accelerate the improvement of the quality of the trade, stabilize the industrial chain supply chain, promote the innovative development of foreign trade, and strengthen the domestic and international economy. Linkage effect; it is necessary to coordinate development and security, focus on improving their own competitiveness, open supervision capabilities, risk prevention and control capabilities, and comprehensively prevent risks; It is necessary to continuously promote trade facilitation, continue to optimize the business environment and foreign trade development environment, and promote the formation of a diversified and multi-level Open Cooperation Pattern.
Deepening structural reform on the financial supply side
Building a new development pattern is an important task for China’s economic development in the future, and it is also the focus of financial reform and opening up during the “XIV Five-Year Plan” period.
On December 18, 2020, the Party Committee of the People’s Bank of China held an expanded meeting to convey and study the spirit of the Central Economic Work Conference and to study, implement and implement the work. The meeting emphasized that in 2021 four tasks should be focused. On the fourth aspect of deepening structural reform on the financial supply side, the meeting indicated that it will do a good job in preparing the “XIV Five-Year Plan” for reform and development of the financial industry. Support small and medium-sized banks to replenish capital through multiple channels and steadily advance reform of rural credit cooperatives. Deepen bond market reform, improve bond market legal system, consolidate credit foundations, enforce market discipline, and crack down on all types of debt evasion. Continue to strengthen the protection of financial consumer rights and interests to enhance people’s sense of profit and happiness. We will constantly expand the two-way financial openness, promote the effective implementation of the announced financial openness measures, and steadily and cautiously promote the internationalization of the RMB. Improve financial supervision capabilities under open conditions.
To adapt to the new pattern of development, how can the financial industry better serve high-quality economic and social development? Chen Yulu, deputy governor of the People’s Bank of China, previously wrote that accelerating the construction of a new development pattern poses higher requirements for high-quality financial development. The core of financial development is taking people at the center and serving the real economy as the foundation, and unwaveringly promoting structural reform on the financial supply side. Industry experts suggest that improvements can be made from various aspects, such as building high-quality independent financial infrastructure; the construction of a financial support system for the development of new energies and the strategic adjustment of the energy supply system; vigorous development of inclusive finance and focus on easing financing for small and micro and private enterprises Difficult financing and costly problems; development of industry chain financing that adapts to the new development pattern; continue to promote the high-level opening of the financial industry to the outside world; comprehensively improve systemic risk management capabilities
Optimize the business environment through reforms
How to understand the mutual promotion of reform and openness?Bank of ChinaZhou Jingtong, a senior economist at the Institute, said that in the context of accelerating the construction of a new development pattern, China will focus on deepening reforms to create a market-oriented, legalized and internationalized business environment for openness. At the same time, we will use the Deepening reforms on new issues, achieve a high-level openness to the outside world, and enhance the modernization of the national governance system and governance capabilities.
Zhou Jingtong analyzed in detail, on the one hand, comprehensively deepen reforms and optimize the business environment. Break down institutional barriers, reduce institutional costs, and build a level playing field; fully implement the three-year reform of state enterprises to optimize the environment for private economic development; and pay more attention to the standardization of the financial market order. On the other hand, promote high-level openness. Consider the Regional Comprehensive Economic Partnership Agreement (RCEP) as a high-level opening platform to promote China’s deeper participation in economic globalization; play the role of pilot free trade zones and free trade ports, implement relevant laws and negative list systems; attach importance to the opening context Security issues in.
“In the past two years, China’s opening to the outside world has accelerated significantly, especially in the financial services sector and capital markets. The meeting called for further relaxation of market access, promoting fair competition, the strengthening of international macro policy coordination and the active consideration of joining the CPTPP. ” Wang Tao, head of economic research at Bank Asia and China’s chief economist, predicts that China can further reduce the negative list of access to foreign investment, lower import tariffs and non-tariff barriers, and encourage foreign investment to to enter more industries and national markets.
Massive information, accurate interpretation, all in the Sina Finance APP
Editor in charge: Qi Qiqi
