Zhang Gaoli, vice premier of State Council of the People's Republic of China, said to well implement the financial system reform, promoting financial institutions to enhance the service on real economy. Preventing and controlling financial risks should be put into a more important position. A number of risk points including bank non-performing assets, bond default, real estate bubble and internet finance needs to be properly handled, ensuring that there is no systemic financial risks.
Commissioner of National Development and Reform Commission (NDRC), He Lifeng, said that previously there were a large number of funds entering the real estate market, driving the housing prices to rise in the first and second-tier cities, pushing up the cost of real economic development, so we need to control the excessive flow of credit funds to the real estate sector. In addition, seizing the nose of disposing zombie enterprises, making full use of market-oriented and legal measures, we need to resolve the excess capacity.
Securities Times news, the governor of THE PEOPLE’S BANK OF CHINA (PBC), Zhou Xiaochuan, said that China is currently focusing on economic restructuring and the promotion of supply-side structural reform. A proactive fiscal policy will continue to be implemented, monetary policy emphasizes "stable and neutral". In addition, China's financial system as a whole is healthy, but there are also risks such as high overall leverage, risks in the bond market and real estate market, active shadow banking across the market and so on.
China Securities Journal online news, Lou Jiwei, chairman of National Council for Social Security Fund of the People's Republic of China (SSF), said that scientific and technological progress will accelerate the reshaping of economic and social structure. The development of information technology makes intelligent manufacturing more and more common, and even because of the application of artificial intelligence, big data and cloud computing, intelligence investment consulting in the open market investment even can win the market with a probability of 85%, and it may not be very far in the future.
Miao Wei, Minister of Ministry of Industry and Information Technology of the People's Republic of China, said that there is a lot of capital in society that can not find the direction of investment. A lot of bank capital has not been put into the real economy, but is circulating out of the system. To bring money with money, this mode of operation is very dangerous. In addition, private capital investment in some fields has bigger barriers than foreign investment.
Securities Times quoted informed sources saying that CHINA BANKING REGULATORY COMMISSION (CBRC) and relevant associations are studying the matters including coal enterprises deleverage, marketized debt-for-equity swap cases of ten enterprises will probably be introduced in the coal industry. In addition, the 276 production limit measure will certainly not be implemented in a wide range this year, because it will not be implemented as long as the coal price is above the historical range, now it is far above the historical range.
People's Daily News, the new real economy with Alibaba as the representative is rapidly rising, the total tax of the Ali Group last year was 23.8 billion yuan, driving the platform to pay tax of at least 200 billion yuan, equivalent to 4,000 large shopping malls’ sales volume, creating more than 30 million job opportunities. Through the "combination punches" of transformation and upgrading, Zhejiang’s real economy is achieving its "Phoenix Nirvana", shifting from "low-end, small and scattered" to "high-end, sophisticated and cutting edge", replacing the high-growth GDP with the high-quality GDP.
China Business Network Co., Ltd. (CBN) news, from March 15th to 18th, 18 inspection teams formed by Ministry of Environmental Protection of the People’s Republic of China and environmental protection departments of Beijing, Tianjin, Hebei, Shanxi, Shandong, and Henan continued to carry out the special inspections on the air pollution control work of 2 +16 key cities. It was found by the inspection that the main problems include the "scattered polluting" enterprises or enterprise clusters resumed production illegally and the plant dust pollution control in some of the enterprises is not in place.
Xinhua News Agency reported, as China's only provincial cooperation pilot zone cross the east and west, Guangdong and Guangxi Cooperation Zone (GGCZ) is taking industrial landing and agglomeration development as the core this year, vigorously promoting the construction of a large number of basic supporting projects, and in 2017, it is striving to achieve 20 billion yuan in industrial output value, 10 billion yuan in fixed assets investment, 10 billion yuan capital investment in place, and growth rate of all indicators above 17% .
FOUNDER SECURITIES Ren Zeping believes that China and the United States are entering a new round of interest rate hike cycle at the same time, but the domestic increase in open market interest rates aims at stabilizing the exchange rate, preventing risks and deleveraging, it encourages the funds to be off the virtual economy to the real economy, and its impact on the loan interest rate and the real economy is limited, this is fundamentally different from the background and purpose of the reverse-cycle regulation of the Fed.
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