How Much Policy Signals Did Li Keqiang Release When The Shanghai And Hong Kong Stock Exchanges Interacted?

The opening session of the 2014 annual meeting of the Boao forum for Asia will be held in Boao, Hainan. The keynote speech entitled "a href=" http://www.91se91.com "Li Keqiang" /a "was invited to attend the opening ceremony of the annual forum of the Asian forum of Asia (P).

In his speech, Li Keqiang released many policy signals.

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< p > he mentioned in his speech that the interconnection between Shanghai and Hong Kong stock market immediately produced a market reaction. According to media reports, the Hong Kong Stock Exchange stopped trading at 10:40 a.m. on the 10 th and announced the announcement of the possibility of establishing interoperability between the markets.

Ceng Junhua, the financial secretary, said that he welcomed the establishment of the relevant mechanism and believed that the move was positive and important, which helped to enhance the participation of mainland investors and promote the gradual opening of capital account.

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< p > < strong > signal 1: emphasizing that China's economic growth target is about 7.5% < /strong > /p >

< p > Li Keqiang said that keeping the economic operation in a reasonable range is the basic requirement of China's current macroeconomic regulation and control, as well as the medium and long term policy orientation.

China's economic growth target is around 7.5% this year. Since it is around, it shows that there is an upward and downward trend, no matter whether the economic growth rate is higher than 7.5%, or lower, as long as we can ensure relatively sufficient employment and do not appear bigger fluctuations, we all belong to a reasonable range.

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< p > < strong > signal two: expand the service industry including the opening of the capital market < /strong > < /p >

< p > Li Keqiang said that opening up is also a reform and opening up can promote reform.

We will focus on promoting a new round of high level opening to the outside world. A very important aspect is to expand the service sector, including the opening up of the capital market.

For example, we will actively create conditions to establish a mechanism for trading interoperability between Shanghai and Hongkong stock markets, and further promote the two-way opening and healthy development of mainland China and Hongkong capital "a href=" http://www.91se91.com/news/index_s.asp "market" /a.

We will continue to enhance the level and level of opening up in the deeper integration with the international market.

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< p > < strong > signal three: development is the first priority in Asia.

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In his keynote speech at the opening session of the Boao forum, Li Keqiang P said that most of Asia is a developing country with a low per capita GDP, a very uneven level of regional development, and more than 700 million people living below the international poverty line. The task of developing the economy and improving people's livelihood is still arduous.

In the final analysis, the solution to Asian problems depends on development.

Development and change of the world, development and creation of the future.

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< p > < strong > signal four: will actively support RCEP negotiations and study the start of FTAAP < /strong > /p >

< p > Li Keqiang said that the regional comprehensive economic partnership agreement (RCEP) is the largest and largest trade agreement negotiation in East Asia, and it is the integration of the mature FTA.

RCEP has a strong tolerance and is in line with the Asian industrial structure, economic mode and social traditional reality. It adopts a gradual approach, taking into account the different development levels of member countries, and does not exclude other regional trade arrangements.

China is willing to work with all parties to actively promote the negotiation process.

At the same time, it is possible to consider the feasibility study of the Asia Pacific Free Trade Area (FTAAP) in order to maximize the benefits of trade and investment in the Asia Pacific region.

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< p > < strong > signal five: promoting cross border infrastructure construction < /strong > /p >

< p > Li Keqiang said that infrastructure interconnection is the basic condition for the integration and development.

All countries in the region should join hands to speed up the construction of infrastructures such as railways, highways, aviation and waterways.

China is willing to work together with the relevant countries to plan the construction of the economic corridor of Bangladesh, China, India and Burma, the economic corridor of China and Pakistan, and build an upgraded version of China ASEAN Free Trade Area. This year, we also need to promote the important project of the "Silk Road Economic belt" and the "twenty-first Century Maritime Silk Road" construction.

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< p > strong > signal six: preparation of "Asian infrastructure investment bank" < /strong > /p >

< p > Li Keqiang said that China is ready to consult closely with the relevant parties within and outside the Asia infrastructure investment bank for early establishment.

Industrial mutual complement is the main content of integrated development.

Each country should make use of the geographical advantages that are adjacent to each other to promote the deep cooperation between the whole industry chain of the upper, middle and lower reaches, and form an industrial network and economic system with complementary advantages.

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< p > strong > signal seven: do not take short-term strong stimulus policy < /strong > < /p >

< p > Li Keqiang said that in the past year, we have innovating macro-control ideas and ways in practice, and accumulated new experience in regulation and control.

We will not adopt short-term strong stimulus policies for economic fluctuations, but pay more attention to healthy development in the medium and long term, and strive to achieve sustained and healthy development of China's economy.

The policies we have established and the policy reserves we have have been able to deal with all possible risks and challenges. China's development has strong resilience.

We have the ability and confidence to keep the economy running in a reasonable range.

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< p > < strong > signal eight: use tax to cultivate service industry and increase service supply with social capital < /strong > < /p >

< p > Li Keqiang said that structural adjustment should be taken to promote structural adjustment around narrowing the gap between urban and rural areas and solving the problem of irrational industrial structure.

We should speed up the "short board" of the service industry, expand the "camp to increase" pilot project to more service areas such as post and telecommunications, and use tax levers to foster productive and life service industries, and make more use of social capital to increase the provision of life services such as pension, health, tourism and sports.

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< p > < strong > signal nine: cultivate new economic supporting belt < /strong > /p >

< p > Li Keqiang said, we will promote the gradient development of the coastal areas to the mainland, and rely on the Yangtze River golden waterway and important land traffic arteries to cultivate the new economic support belt.

Efforts should be made to promote the construction of pportation infrastructure such as railways and highways in the central and western regions, so as to create favorable conditions for industrial pfer.

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< p > < strong > < a > href= > http://www.91se91.com > > signal > /a > ten: tax reduction of small and micro enterprises < /strong > /p >

< p > Li Keqiang said, we have increased the upper limit of the scope of the small and micro enterprises that enjoy half of the enterprise income tax policy to a higher level from 60 thousand yuan of annual taxable income to 100 thousand yuan, and will further implement some policies to reduce or eliminate some taxes for individual businesses and enterprises to absorb jobs.

We will promote the improvement of the social security system, improve the public service system and eliminate the worries of the masses.

We should adopt comprehensive policies to encourage residents' consumption, improve their consumption ability, expand consumption of goods and services, reduce circulation costs, and better play the supporting role of consumption in economic development.

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