1. The individual pension system is officially implemented. The individual pension is subject to the individual account system. The payment is fully borne by the participants and fully accumulated. The upper limit of individual payment is 12000 yuan per year and enjoys preferential tax policies. Individual pension fund accounts are closed and can be invested in bank financial management, savings deposits, commercial endowment insurance, public funds, etc. Individual pension can only be withdrawn after retirement and shall not be withdrawn in advance. The CSRC said that it would speed up the formulation and introduction of supporting rules and systems for individual pension investment in public funds, improve the construction of infrastructure platforms, and optimize the market environment for medium and long-term funds.
2. Yi Gang, governor of the central bank, said at the G20 finance ministers' and central bank governors' meeting that China's prudent monetary policy is flexible and appropriate, and the policy force is appropriately advanced to support the development of the real economy. The central bank will flexibly use a variety of monetary policy tools, give full play to the dual functions of the total amount and structure of monetary policy tools, and increase its support for the real economy.
According to the Ministry of Commerce, China's foreign direct investment was 217.5 billion yuan in the first quarter, a year-on-year increase of 217.6%; Among them, foreign non-financial direct investment was 170.95 billion yuan, a year-on-year increase of 6.3%. The turnover of foreign contracted projects was 184.16 billion yuan, a year-on-year decrease of 5.7%, and the newly signed contract amount was 300.94 billion yuan, a year-on-year decrease of 13.3%.
