Purpose: The executive meeting will study policies to attract foreign investment, prevent and resolve local debt risks, optimize payment services and improve payment convenience.
How to make better use of foreign capital? How to effectively prevent and resolve local debt risks? How to optimize payment services to improve payment convenience?
Recently, the first executive meeting was held to study the attraction of foreign investment, the prevention and resolution of local debt risks, and the optimization of payment services to improve the convenience of payment. The meeting proposed that greater efforts should be made to attract and utilize foreign investment, stabilize the confidence of foreign investment in China, and improve the quality and level of investment cooperation. At the same time, it is necessary to strengthen governance at the source, combine near and far, block and sparse at the same time, treat both the symptoms and the root causes, and accelerate the establishment of a first-class debt management mechanism that is compatible with high-quality development. In addition, it is also necessary to focus on the inconvenience of payment for the elderly, foreign personnel and other groups, strengthen coordination and cooperation, take multiple measures to break through service blockages, and promote the parallel development and complementarity of mobile payment, bank cards, cash and other payment methods.
On attracting foreign investment. The meeting pointed out that foreign investment is an important force for promoting the common prosperity and development of China's economy and the world economy. It is necessary to take the stabilization of foreign investment as an important force to do a good job in this year's economic work, strengthen service guarantees in expanding market access, optimizing the fair competition environment, and smoothing the flow of innovative factors, and continue to create a market-oriented, law-based, and international business environment. According to preliminary estimates, China** investment has also shown a net inflow in the past few years, with the quarterly net inflow reaching a nearly two-year high, and the cumulative net increase in domestic bonds by foreign investors has exceeded US$100 million in the past month. The above shows that more foreign investors are investing in China and allocating RMB assets.
Regarding the prevention and resolution of local debt risks. The meeting emphasized that in accordance with the requirements of the first deployment, through the concerted efforts of all parties, the local debt risk has been alleviated as a whole, laying a solid foundation for the next stage of work. This is mainly due to the implementation of special refinancing debt-based debt and financialization debt measures. Last year, the issuance of special refinancing bonds was restarted to replace arrears, non-standard and urban investment bonds included in hidden debts, and trillions of yuan have been issued. At the same time, the financial system, especially the banks, has also started to support local debt resolution. The meeting proposed that it is necessary to adhere to reform and innovation, strengthen supporting policy support, persistently advance the tackling of tough problems, and make progress to promote the implementation of the package debt plan.
Finally, on optimizing payment services to improve payment convenience. The meeting deliberated and adopted the "Opinions on Improving and Optimizing Payment Services and Improving Payment Convenience", emphasizing the need to focus on the inconvenience of payment for the elderly, foreign visitors to China and other groups, strengthen coordination and cooperation, take multiple measures to break through service blockages, and promote the parallel development and complementarity of mobile payment, bank cards, cash and other payment methods. The People's Bank of China (PBoC) has made it clear that it will work with relevant departments to launch more measures to facilitate payments for foreigners.
The meeting put forward a series of important measures, aiming to improve the attraction of foreign investment, prevent and resolve local debt risks, and optimize payment services to improve payment convenience. These measures will help promote the common prosperity and development of China's economy and the world economy and achieve the goal of high-quality development.