According to Xinhua News Agency, June 1, Premier Li Keqiang presided over the State Council executive meeting, deployed to accelerate the stabilization of the economy package of policies and measures to take effect, so that the market players and the people should be aware of, should enjoy; arrangements to further increase the efforts to help the people in need of relief and support, firmly the bottom line of the basic people's livelihood.

The meeting pointed out that, in accordance with the Central Economic Work Conference and the "Government Work Report" general idea, policy orientation to launch a package of stable economic policies and measures, mainly on the implementation of the policy to speed up and increase efficiency. This is both timely and increased efforts to stabilize the economy an important initiative, but also adhere to the implementation of macroeconomic policy around the main body of the market, the implementation of precision control, improve efficiency, not overdraft the future. The implementation of the CPC Central Committee and the State Council deployment, the departments acted quickly, 6 aspects of the 33 policy measures to implement the rules and regulations formulated and introduced to make positive progress.

Look at the key expressions of this meeting:

1, more than 140 billion yuan of new tax rebates, to be returned in July basic in place.

2, on financial support for infrastructure construction, to increase the policy banks 800 billion yuan credit line, and the establishment of key projects list docking mechanism.

3, for eligible unemployed migrant workers, regardless of whether they participate in unemployment insurance, should be issued temporary subsidies or assistance, and to clarify the main body of the issuance.

4. For the 90 billion yuan of commercial truck loans issued by central automobile enterprises to defer debt repayment, enterprises should be guided to inform of the processing method through online announcements and cell phone text messages.

5, to open the logistics channel and micro-circulation, promote the resumption of production, to identify the blockage, improve the initiative, strengthen the key enterprises "point to point" help.

6, the implementation of the platform to support the legal compliance of enterprises listed on the domestic and international markets, and relaxation of automobile purchase restrictions and other initiatives.

7. The State Council's inspection teams in 12 provinces should form a report as soon as possible on the basis of on-site inspections, and report on outstanding issues in the implementation of policies.

8, the second quarter of regional gross domestic product, urban survey unemployment rate, after deducting the factor of tax rebates, fiscal revenue, prices and other major indicators, by the statistics will be financial, human resources and social security, taxation and other departments in accordance with the law and regulations, factual and provincial announcements.

9, to ensure that pensions are paid in full and on time, this year to raise the standard increase in basic pensions for retirees before the end of July to be issued in place, to raise the minimum standard of basic pensions for urban and rural residents.

10, localities can be adapted to the local conditions, the low-income objects, special hardship case of a one-time increase in living subsidies.

New retained tax rebates in place in July

A few days ago, the State Council issued a "solid stabilization of the economy of the package of policies and measures," clear in the manufacturing industry that has been introduced, scientific research and technology services, electric power, heat and gas and water production and supply, software and information technology services, ecological protection and environmental management industry, civil aviation The full refund of the stock of tax credits is expected to add 142 billion yuan to the scope of the policy.

From the point of view of the impact of tax rebates on fiscal revenue, Luo Zhiheng, chief economist of Guangdong Securities and director of the research institute, told the China Securities Journal reporter that the VAT tax rebates mainly occurred in April and May, and the amount in June and July was relatively small, because under the impact of the epidemic, enterprises are more motivated to reduce the occupation of funds in the early stage, and get a rebate to increase cash flow. And by June and July, China's economy is expected to come out of the bottom, the growth rate of fiscal revenue is also in the direction of good, at this time 140 billion yuan of tax rebates on fiscal revenue impact is much smaller than in April.

The package of policies to stabilize the economy and then make a comprehensive screening, refinement of the actual

Recently, around the State Council, "solid stabilization of the economy package of policies and measures", the country introduced a number of places to follow up on the implementation of the details. This regular meeting of the State Council also pointed out that the development and introduction of the implementation details of 33 policies and measures in six areas has made positive progress.

At the same time, around the policy landing effect, the meeting on the deployment of the next step requirements.

One should make a comprehensive screening of the policy again, refinement of the actualization, so that market players and the people should know and enjoy.

The new more than 140 billion yuan of tax rebates, to be returned in July basically in place.

For financial support for infrastructure construction, the policy banks should increase their credit lines by 800 billion yuan and establish a docking mechanism for the list of key projects.

Temporary grants or assistance should be issued to eligible unemployed migrant workers, regardless of whether they participate in unemployment insurance, and the main body of issuance should be clarified.

The extension of principal and interest repayment for 90 billion yuan of commercial truck loans issued by central automobile enterprises should be guided by informing enterprises of the way to handle the process through online announcements and cell phone text messages.

Every other policy should be refined to be operable and implementable. Closely track the implementation of the policy, the improvement of the timely improvement.

The second to adhere to the reform initiatives, market-oriented approach to solve the problem, and deepen the "administrative services" reform. Vigorously promote the policy of "non-application that is to enjoy", online office. To open the logistics channel and micro-circulation, promote the resumption of production, to identify the blockage, improve the initiative, strengthen the key enterprises "point to point" help. Investment projects, all relevant departments around the establishment of accounts, through the optimization of approval, strengthen the land and other guarantees to promote as soon as possible to start. Ensure the free and smooth passage of agricultural machinery for the summer harvest. The implementation of support platform enterprises legally compliant domestic and foreign listing, relaxation of automobile purchase restrictions and other initiatives.

Three to strengthen the policy implementation supervision. The State Council sent to the 12 provinces of the inspection team should be based on the field inspection as soon as possible to form a report on the implementation of the policy of the outstanding issues to be informed. Around the second quarter of regional gross domestic product, urban survey unemployment rate, after deducting the factor of tax rebates, fiscal revenues, prices and other major indicators, by the statistics will be financial, human resources and social security, taxation and other departments in accordance with the law and regulations and factual published in the provinces.

Increase the minimum standard of basic pensions for urban and rural residents

The meeting pointed out that the current part of the population's employment and income is affected, the basic life is facing difficulties. To targeted increase policy to help, the basic livelihood of the bottom line to pocket firmly. Specifically:

One should ensure that pensions are paid in full and on time, this year to increase the standard of basic pensions for retirees before the end of July to be issued in place to increase the minimum standard of basic pensions for urban and rural residents.

The second is to increase the low insurance and other assistance. Strengthen dynamic monitoring, focusing on mapping the unemployed and flexible employment, easy to return to poverty and poverty and low income marginal population, etc., the difficult people timely assistance or into the low income. Localities can, according to local conditions, the low income object, the special hardship case of a one-time increase in living allowance.

Three to maintain the medical insurance reimbursement rate and drug varieties stable, play a good role in the basic medical insurance, major medical insurance, medical assistance triple comprehensive protection, eligible for temporary hardship can not pay the basic medical insurance premiums to give temporary participation in the subsidy.

Fourth, to promote more people's livelihood protection services across the province, convenient processing.

Fifth, we need to strengthen the supervision of livelihood protection funds, and seriously investigate and deal with the interception and appropriation of funds, false claims and other behaviors.

In the pocket of people's livelihood, the recently held national financial support to stabilize the economic work video conference emphasized that in the current critical moment of the epidemic prevention and control and economic and social development, adhere to the "three guarantees" expenditure as the focus of budgetary expenditure, first of all, to ensure that teachers and other key groups of wages, pensions, etc. issued on time.

The National Development and Reform Commission (NDRC) recently pointed out that some places have recently launched a linkage mechanism between social assistance and security standards and price increases, and are in the process of issuing temporary price subsidies to people in need. At the same time, the NDRC also encourages places with conditions to issue one-time subsidies to people in need.

VAT tax rebate implementation efforts to ramp up

State Administration of Taxation party committee members, deputy director Wang Daoshu in recent days, pointed out that this year, the CPC Central Committee and the State Council made the implementation of a large-scale VAT tax rebate policy major decision-making and deployment of the key measures to deal with the downward pressure on the economy, stabilizing the macro-economic broader.

According to Wang Daoshu's introduction on May 17, since the beginning of this year, it has reduced the tax burden and increased cash flow for enterprises by more than 1.6 trillion yuan, of which more than 110 million yuan of tax refunds have been returned to taxpayers' accounts.

And the first measure of the State Council's package of policies to stabilize the economy is to further increase the VAT tax credit refund policy. The study will include more industries into the full refund of the incremental tax credit on a monthly basis, and a one-time full refund of the stock of tax credit policy scope. It is expected that the new tax credit refund will amount to RMB 142 billion. The total amount of new tax refunds from the various tax credit refund policies introduced this year has reached about 1.64 trillion yuan.

The regular session of the National People's Congress in a package of measures to increase the policy, and then the implementation of VAT tax credits and refunds to increase. The meeting pointed out that the new more than 140 billion yuan of tax rebates, to be returned in July in place.

It is worth noting that the Ministry of Finance in a few days ago has made it clear that it will accelerate the progress of the tax rebate to ensure that the first half of the year basically complete the small enterprises, as well as manufacturing and other industries, medium-sized and large enterprises stock of tax credits centralized refunds.

To increase the policy banks 800 billion credit line to support infrastructure

In terms of financial policy, the meeting also put forward further requirements. The meeting pointed out that the financial support for infrastructure construction, to increase the policy banks 800 billion yuan credit line.

In the first half of this year, the positive fiscal policy leaning forward, the special debt funds issued and used to speed up the progress of the growth rate of infrastructure investment since the beginning of the year to provide strong support. At the same time, there are some recent voices that the second half of the infrastructure investment or difficult to maintain the momentum.

To this end, the stabilization of the economy package of policies put forward, in accordance with the law, risk-controllable premise, the Ministry of Finance, in conjunction with the People's Bank of China, the China Banking and Insurance Regulatory Commission, to guide the commercial banks to meet the conditions of the special bond project construction body to provide supporting financing support, and to do a good job in the effective convergence of the credit funds and special bond funds.

Wu Chaoming, vice president of the Institute of Finance and Information Technology, said in a recent interview with reporters that the currency with the financial support for infrastructure projects to provide supporting medium- and long-term funds, which is expected to continue to pick up the size of the funds. This year's special debt before the end of August basic use in place, coupled with the guidance of banks for infrastructure projects to provide scale long-term loans, is expected in the second quarter of the infrastructure investment sources of funds are relatively abundant, the growth rate of infrastructure investment to form a strong support.

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