This afternoon, the fifth session of the 13th CPPCC National Committee was held in Beijing, and the two sessions officially opened. All parties in the market are looking forward to the “good voice” of the two sessions this year. In fact, since the end of last year, many ministries and commissions have made intensive voices and deployed a series of measures from the central to local governments, from stabilizing investment and promoting consumption, to stabilizing industrial operation and bailing out small and medium-sized enterprises. “Keeping stability at the head and seeking progress while maintaining stability” will be the main tone of economic work in 2022 throughout the year.
To ensure the sustained development of the steady growth policy, representatives and members have also made suggestions and suggestions. Zeng Qinghong, deputy to the National People’s Congress and Guangzhou Automobile Group Co.Ltd(601238) chairman, put forward suggestions on promoting consumption: delaying new energy subsidies. He said that delaying subsidies for one to two years can ease the pressure on enterprises and encourage construction; Inclining the subsidy policy to the consumer side can boost consumption.
Now the younger generation has gradually grown into the main force of consumption. You know, this generation of young people are also very interested in investing, managing and buying funds. However, many people buy funds, but few really make money. Xie Wei, member of the National Committee of the Chinese people’s Political Consultative Conference and general manager of Bank of communications Schroeder, brought a proposal: strive to solve the development dilemma of “funds make money, but basic people don’t make money”. He believes that public funds cannot pursue disorderly expansion of scale at the expense of performance, and the market needs more products with recognition and high cost performance.
In addition to financial management, this generation of young people also pay special attention to pension issues. Sun Jie, member of the National Committee of the Chinese people’s Political Consultative Conference and researcher of the National Institute of opening up of the University of foreign economic relations and trade, said that only 105000 enterprises in China have established enterprise annuities, and there is still a lot of room for development. Therefore, the proposal she brought is to improve the mandatory of enterprise annuity, at the same time, increase the preferential policies for tax extension of endowment insurance, and further reduce the complexity of the policy.
Zhou Yanli, member of the National Committee of the Chinese people’s Political Consultative Conference and former vice chairman of the China Insurance Regulatory Commission, also brought a proposal: to help the healthy China strategy, the insurance industry has great prospects. In 2021, the premium income of China’s health insurance was 880.36 billion yuan, a year-on-year increase of 7.72%, and the compensation expenditure was 408.53 billion yuan, a year-on-year increase of 39.85%. He believes that promoting the integration of commercial health insurance and health management can help the implementation of China’s health strategy.
In addition to what has just been said, the capital market is also the focus of attention of all parties in the market. The representatives and members also brought their own suggestions and proposals in promoting the healthy development of the capital market. Jiang Yang, member of the National Committee of the Chinese people’s Political Consultative Conference and former vice chairman of the CSRC, said that there was a problem that the variety structure of the Treasury bond futures market did not adapt. Therefore, he brought proposals to further strengthen the improvement of the Treasury bond futures variety system, actively study the introduction of overseas traders, and promote the high-quality development of the Treasury bond futures spot market.
Liu Lei, deputy to the National People’s Congress and executive vice president of China Shanghai Association, suggested to further improve the low-carbon development planning and policy guidance of listed companies and provide institutional guarantee for the implementation of equity incentive by listed companies. Listed companies are the cornerstone of the development of the capital market. He believes that equity incentive is a long-term incentive mechanism for enterprises to attract, retain and motivate core talents, which helps to stimulate the innovation vitality of enterprises and improve the incentive and restraint mechanism.
Li Dongsheng, deputy to the National People’s Congress and chairman of TCL, put forward suggestions from the perspective of enterprise operators: promote the upgrading of China’s manufacturing industry and help build a new development pattern of “double cycle”. He said that China’s industrial output has accounted for nearly 30% of the world. The huge industrial capacity needs to be digested by the global market, so it is necessary to change from exporting products to exporting industrial capacity. In terms of supporting the capital financing of China Hi-Tech Group Co.Ltd(600730) technology manufacturing enterprises, he suggested to further strengthen the support for the capital financing of China Hi-Tech Group Co.Ltd(600730) technology manufacturing enterprises and build a multi-level capital market support system.
Looking around the world, the world economy is facing great uncertainty, while China’s economy can still grow against the trend and show strong resilience. We believe that as long as we adhere to the main tone of “taking the lead in stability and seeking progress while maintaining stability” and focus on a series of steady growth measures after the two sessions, China’s economy will surely produce a brighter report card.
