Li Keqiang: Actively Cultivate An Open, Pparent And Long-Term Stable Capital Market.

Since the beginning of this year, market-oriented reforms in areas such as finance, taxation, investment, financing and price have been deepened. Measures to eliminate market access restrictions and promote fair competition have been launched in succession, and the reform of structural adjustment has been intensified.

The reform in the financial sector will continue to advance in the direction of marketization and rule by law, and actively cultivate the capital market that is open, pparent and long-term stable and healthy development. At the same time, it will continue to strengthen and improve risk management and firmly defend the bottom line of regional systemic financial risks.

China will never advocate a "currency war". We are talking about international cooperation in production capacity. Competition is inevitable. But if we cooperate and cooperate more than competition, our common interests will far outweigh the competition between us.

On the one hand, China's economy has great potential and inherent resilience.

China's new industrialization, informatization, urbanization and agricultural modernization are in the stage of further development, which implies strong demand for expanding domestic demand.

China has a vast territory and a wide variety of industries. The East is not bright and the west is bright.

The support of China's economy is not a single tree, but a "four beams and eight pillars", which has strong impact resistance and toughness.

On the other hand, China's structural reforms are steadily releasing reform dividends.

We are deepening the reform in an all-round way, speeding up the structural reform, implementing the strategy of innovation driven development, and trying to fully exploit the potential growth rate of the economy, maintaining the high speed growth in the economy and moving towards the medium and high end level.

We have adopted a series of reform measures in the process of reducing interest rates and lowering the accuracy. Next we will continue to relax restrictions on private capital entering the financial field, and actively develop private banks, financing guarantees and financial leasing.

It is our fixed goal to steadily expand financial opening to the outside world.

We improve the exchange rate of RMB against the US dollar.

The purpose of quotation mechanism is to make RMB exchange rate more market-oriented.

At the same time, we will continue to maintain a basically stable exchange rate at a reasonable and balanced level.

We will steadily realize convertibility under capital account.

Not long ago, we liberalized foreign central bank institutions' investment interbank bond market, and the next step will allow foreign central bank institutions to enter the interbank foreign exchange market directly.

Before the end of the year, the RMB cross-border payment system will also be built to facilitate the better development of the offshore RMB market.

The "double creation" of mass entrepreneurship and innovation is a powerful driving force for development.

Human creativity is the biggest cost of development. China has more than 900 million labor force. Every year, about 7000000 college graduates, more and more people devote themselves to entrepreneurship and innovation, and give birth to new supply and new demand, and become an important force for steady growth.

"Double innovation" is still a powerful support for expanding employment.

The slowdown in economic growth and the increase in employment are mainly due to the rapid growth of new market players.

Through decentralization and reform of the commercial system, we still have more than 10 thousand new businesses registered every day. This phenomenon has lasted for more than a year and a half.

This creates a lot.

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"Double innovation" is an important promoter of developing and sharing the economy.

Carrying out international capacity cooperation is a way to win at one stroke and win the three sides. It is the response of more and more developed countries and developing countries. We are willing to play a bridge and link role between them.

We are willing to purchase advanced technology and high-end equipment from developed countries. We are willing to combine it with China's mid end equipment to meet the needs of developing countries with cost-effective advantages and provide reasonable financing support.

It is hoped that entrepreneurs will seize opportunities and actively seek opportunities for cooperation and innovate cooperation models.

International capacity cooperation involves a wide range and requires strong support from governments, international organizations and financial institutions. It is suggested that all parties should incorporate international capacity cooperation into the framework of bilateral multilateral cooperation mechanisms, and strengthen coordination and joint promotion.

China will give full play to its advantages and facilitate the financing of Chinese and foreign enterprises participating in international capacity cooperation. As long as all parties work together, international capacity cooperation will surely leave a rich and colorful chapter in the history of world economic development.

This is also "depiction".

The new blueprint for growth.

The process of China's reform is also a process of constantly expanding the process of opening up and constantly integrating into the world. The door of China's opening will be bigger and bigger. Our general policy of utilizing foreign investment will not change, and specific policies will change to attract more foreign investment and widen the wider field.

For example, this year we continue to expand the field of foreign investment. The restricted entries have been abolished by 50%. In order to facilitate the convenience of foreign investment, we have basically changed the approval system to the filing system. We will continue to make China the most attractive investment destination in the world.