On December 6, 2021, the Political Bureau of the CPC Central Committee held a meeting to analyze and study the economic work in 2022. Ten policy signals released:
1. We fully affirmed this year's economic and social achievements. At the same time, we should re mention the "six stabilities", "six guarantees" and "stability", and stabilize growth back to the primary goal of the policy.
2. This year's policy breaks through the combination of macro, micro and social policies in previous years, is more detailed and systematic, and clearly refers to the six policies, indicating that the regulation ability and accuracy are improving, and targeted and accurate measures are taken in different fields.
3. Maintain the continuity and stability of policies. Fiscal policies focus on accuracy, efficiency improvement and sustainability, which is an inevitable measure under the situation of tight fiscal balance. The focus of active fiscal policies has shifted from "quantity" to "quality"; The policy considers not only the present but also the future.
4. The prudent monetary policy should be flexible and appropriate, and the "broad currency" has been implemented. It is expected that there is still room for monetary policy relaxation in the first half of 2022.
5. It emphasizes promoting consumption and expanding effective investment, with the intention of achieving a steady switch in growth momentum
6. Confidence is more important than gold. Micro policies should stimulate the vitality of market subjects and mobilize the enthusiasm of local governments, residents and entrepreneurs.
7. Significant changes have taken place in the expression of real estate. At the meeting level of the Political Bureau, it was proposed for the first time to "promote the healthy development and virtuous cycle of the real estate industry", while the previous formulation was "promote the stable and healthy development of the real estate market". The "policy bottom" has been realized, and the regulation has changed from "restraining demand" to "stabilizing supply".
8. In the past, China's economy had a lot of real estate and financial cycles. In the future, we should create a virtuous cycle of science and technology, industry and finance.
9. "Social policies should cover the bottom line of people's livelihood, implement the employment priority policy, and promote the implementation of the new fertility policy to bear fruit"; In the medium and long term, we should balance the relationship between fertility policy and employment gender implicit discrimination, reduce women's employment cost and improve their fertility will through system design.
10. "Promote the national overall planning of basic old-age insurance and improve the system of providing basic public services in permanent residence". In the future, there will be major changes in finance and social security, the citizenization of the floating population will be promoted rapidly, and the transfer payment may flow with the population flow, that is, the transfer payment will be subsidized wherever the population flows.
Risk tip: the change of epidemic situation exceeded expectations, and the tightening of Federal Reserve Policy exceeded expectations
