Financial Reform Is The First Topic Of The Two Sessions

With the gradual deepening of reform into the deep water area, the financial problems are more and more widely concerned by all sectors of society.

As a matter of fact, whether it is a steady growth in price control, structural adjustment or reform, or promoting people's livelihood to promote harmony, it is inseparable from the coordination and support of the financial system to achieve the "Eighteen character policy".

Therefore, in the two sessions this year, finance and taxation

Stabilize the money supply

The main release of important signals (attached shares) funds flow has changed dramatically.

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After intensive control of last year's package tightening policy, the battle against inflation has won a stage victory.

The effect of deflation is also beginning to show, GDP growth declines, the real estate market shrinks, corporate earnings deteriorate, private lending crisis, capital outflow and PMI warning.

Almost all phenomena point to the end of tight monetary policy.

As a result, in 2012, the primary goal of economic work was changed from "controlling prices" to "steady growth", and monetary policy was also adjusted to directional easing.

But the real operation, leaving the market to the 2012 is more complex and difficult inside and outside the environment, on the one hand, the economy first in the recession of inflation, on the other hand, the external market's import inflationary pressure, the slight adjustment of the policy is likely to cause inflation to rise again.

At this point, in 2012, when the country adjusted its structure and emphasized steady progress, the future of the country's money supply would be the focus of attention from all sectors of society.

Guo Qingping, deputy to the National People's Congress and assistant governor of the central bank, said that the central bank will strengthen interest rate monitoring this year to stabilize the growth rate of money supply.

He said that from January this year, the amount of new loans, compared with the same period last year is down.

In a sense, the effect of interest rate adjustment on price stability and inflation has emerged.

It believes that the central bank will speed up macroeconomic regulation and control in the year.

The central bank will adjust its stability by making use of all kinds of monetary policy tools, such as deposit reserve ratio, open market operation and interest rate, according to the changes.

Financial reform urgently needs to be promoted

From SME financing to bank profits, from the debt crisis to the Wu Ying case, then to the capital market IPO system reform, in this year's multi-party proposal,

The overactive private capital and the private financial activities showing more risks have been concerned by the market.

Where is the way out for private capital?

Wang Qishan, member of the Political Bureau of the CPC Central Committee and vice premier of the State Council, once again pointed out that private capital should be encouraged, guided and regulated to enter the financial field.

Gu Shengzu, vice chairman of the Standing Committee of the National People's Congress and deputy director of the Central Committee of the people's Republic of China, and the vice chairman of the Central Committee of the people's Republic of China, also said in a media interview that the sunshine of private finance is a tough battle for the current financial system reform.

For private finance, it is not to crack down on banning but to regulate management. It should be sparse and blocked, take advantage of the situation, guide private finance into formal financial channels, prevent the marginalization of private finance and reduce systemic financial risks.

At the same time, the problem of financing for SMEs is appealed every year, but there has been no more thorough solution.

In order to bridge the financing of SMEs, Zong Qinghou, chairman and general manager of the National People's Congress and Hangzhou Wahaha Group Co., Ltd. proposed to encourage the development of private banks serving SMEs, making them an important link between private capital and private enterprises.

This proposal is also reflected in several proposals of the Central People's Government of the people's Republic of China, the Central Committee of the Kuomintang and the Central Committee of the Democratic League.

In order to improve the financial market and speed up the construction of the financial system, the central government of the people's Republic of China submitted the proposal on further development of private banks this year, the proposal on financial services to better serve the real economy, the proposal to increase financial reform and optimize the environment for public borrowing and lending.

Among them, the proposal for further development of private banks pointed out that the development of private banks is not only a need to break state-owned capital's financial monopoly, but also to harden the budgetary constraints of commercial banks. It is also a need to alleviate the financing difficulties of small and medium-sized enterprises and small and micro enterprises. It is also the need to guide the development of private lending and curb the impulse of borrowing.

In view of the current hot spot in the capital market, such as "IPO trial without trial" and "hot new shares", Li Jiange, chairman of the CPPCC National Committee and chairman of the China International Finance Corporation, called for the release of the rhythm of stock issuance and the suppression of "new shares fever" through stock issuance, so as to improve and strictly implement the existing delisting system and effectively and effectively promote market-oriented reforms.

Li Jiange said in the proposal that it may take some time to make a decision on the issue of IPO approval. However, we should take the lead in releasing the rhythm control and enhancing the flexibility of the issuance window.

Structural tax cuts and innovations

More active fiscal and tax policy reform has also become the focus of attention of many delegates and members.

China's tax reform is speeding up, and structural tax cuts will be intensified.

Xie Xuren, Minister of finance, said in 2012 that tax system reform will be promoted in the future.

In combing the proposals of all parties, the market's general concern is still focused on the four major tax reform directions of business tax reform, value-added tax, resource tax, real estate tax and personal tax.

In another proposal by Li Jiange, entitled "tax reduction is the most urgent task in structural reform, structural pformation and clean government construction", it is pointed out that in the past ten years, the actual revenue of the government has exceeded the budget of the beginning of the year year by year.

For this reason, he suggested that the budget law should be revised and implemented as soon as possible to rectify the tendency to generalize the use of taxation as a means to restrict and prohibit certain economic and social behavior.

The specific measures, including the increase in tax after deducting CPI, can not be regarded as a political achievement, but should be questioned and accountability.

At the same time, Li Jiange also suggested that through the comprehensive levy of personal income tax, we should further raise the threshold of personal income tax and reduce the tax burden of residents.

The vast majority of taxes and charges for small taxpayers should be exempted as soon as possible, and enterprises or industries that meet the criteria of economic pformation and industrial upgrading should be reduced or exempted from taxes and fees.

In this regard, the Central Committee of the Labour Party also suggests drawing on the experience of developed countries and starting from the laver curve to adopt a comprehensive tax reduction policy.

It is worth noting that in the process of implementing tax reduction, the pace of optimizing the tax structure should also be accelerated.

During the "12th Five-Year" period, the Central Committee of the Kuomintang suggested that tax structure should be optimized to achieve tax reductions with priority and selectivity.

The implementation of property tax in developed areas will help to get rid of land financial dependence. In resource rich western regions, the promotion of resource tax can provide a strong source of income and benefit.