1. The executive meeting of the State Council deployed the timely use of monetary policy tools to more effectively support the development of the real economy. The meeting pointed out that we should strengthen the implementation of prudent monetary policy; To study and adopt financial measures to support consumption and effective investment, improve the level of financial services for new citizens, optimize affordable housing financial services, and ensure the construction and financing of key projects; Two special re loans for scientific and technological innovation and inclusive pension were established, and the central bank provided re loan support for the loan principal respectively. The meeting decided to suspend the payment of endowment insurance premiums in the second quarter for industries with special difficulties such as catering, retail, tourism, civil aviation, highway, waterway and railway transportation; We will continue to implement the policy of expanding the scope of unemployment insurance, increase the proportion of job stabilization return of unemployment insurance in small, medium-sized and micro enterprises, and increase the support of unemployment insurance benefits for vocational skills training.
2. The Chinese version of the financial stability law will be issued soon. The central bank and other departments solicited opinions on the draft financial stability law. For the first time, the document made it clear that the national financial stability and development coordination mechanism is responsible for coordinating financial stability, reform and development, studying major policies to maintain financial stability, and directing the prevention, resolution and disposal of major financial risks. It is proposed to establish a disposal fund pool and a financial stability guarantee fund. We will continue to strengthen the source control of financial risks and bring financial activities into full supervision. No unit or individual may establish a financial institution or engage in financial business activities in a disguised form without approval.
