1. The executive meeting of the State Council decided to implement the policy arrangement of large-scale value-added tax rebate, so as to provide strong support for stabilizing the macro-economic market. The meeting decided that first, the tax rebate for small and micro enterprises in all industries and individual industrial and commercial households paying taxes according to the general tax calculation method is nearly 1 trillion yuan. Among them, the amount of tax retained in stock shall be refunded in full before the end of June, and the increment shall be refunded in full on a monthly basis from April 1. Second, the remaining tax credits for enterprises in six industries including manufacturing industry will be refunded in full from July 1 and completed before the end of the year; The increment will be refunded in full on a monthly basis from April 1. Third, on the basis of bearing 50% of the tax rebate funds according to the current tax system, the central government will allocate another 1.2 trillion yuan of transfer payment funds to support the grass-roots level in implementing tax rebate, tax reduction and fee reduction, ensuring employment and ensuring basic people's livelihood.
2. The executive meeting of the State Council deployed comprehensive measures to stabilize market expectations and maintain the steady and healthy development of the capital market. The meeting listened to the report of the financial commission of the State Council and pointed out that we should attach great importance to the impact of changes in the international situation on China's capital market. Adhere to development as the top priority, strive to run our own affairs well, adhere to the principle of stability and seek progress in stability, deepen reform and opening up, keep the economy running within a reasonable range, and maintain the steady and healthy development of the capital market. First, strengthen the support of prudent monetary policy to the real economy, adhere to not engaging in "flood irrigation", and use monetary policy tools to maintain the moderate growth of social financing. Second, maintain policy stability. Third, in accordance with the principles of marketization, rule of law and internationalization, we should properly handle the problems in the operation of the capital market. Fourth, closely follow the situation outside China. Fifth, stabilize foreign trade and foreign investment, and maintain the basic stability of the RMB exchange rate and the basic balance of international payments.
