1. The regular policy meeting of the central bank in the first quarter pointed out that at present, the epidemic abroad continues, geopolitical conflicts escalate, the external environment becomes more complex, severe and uncertain, the frequency of the epidemic in China has increased, and the economic development is facing the triple pressure of shrinking demand, supply shock and weakening expectation. We should make progress while maintaining stability, strengthen cross cyclical and counter cyclical regulation, strengthen the implementation of prudent monetary policy, enhance foresight, accuracy and autonomy, give full play to the dual functions of the total amount and structure of monetary policy tools, respond actively, boost confidence, provide stronger support for the real economy and stabilize the macro-economic market. Safeguard the legitimate rights and interests of housing consumers, better meet the reasonable housing needs of home buyers, and promote the healthy development and virtuous cycle of the real estate market. Promote high-level two-way opening-up of finance, and improve the ability of economic and financial management and risk prevention and control under the conditions of opening-up.
2. The executive meeting of the State Council made arrangements to make good use of government bonds, expand effective investment, and promote the improvement of weaknesses, increase stamina and stable economic growth. The meeting pointed out that we should pay close attention to the issuance of the remaining special bonds of local governments. The amount issued in advance last year should be completed by the end of May and the amount issued this year should be completed by the end of September. Reasonably expand the use scope of special bonds and support public services and other projects with certain benefits. We will make overall arrangements for the issuance of treasury bonds and local bonds, and encourage overseas medium – and long-term funds to purchase treasury bonds. The financial system should strengthen cooperation to ensure the orderly issuance of treasury bonds. The meeting decided to start a number of water conservancy projects with mature conditions, such as the follow-up project of the South-to-North Water Transfer, which can complete about 800 billion yuan of water conservancy investment in the whole year.
