National Convention: Identify New Measures To Deal With The Impact Of The Epidemic, Stabilize Foreign Trade And Stabilize Foreign Investment.

Li Keqiang chaired the executive session of the State Council.

New measures to stabilize the foreign trade and stabilize foreign investment

Deploying further unimpeded industrial chain capital chain to promote synergy and rehabilitation in all sectors

We need to better play the role of special reloan policy and support the development of epidemic prevention, control and supply and enterprise rescue.

Premier Li Keqiang chaired a State Council executive meeting on March 10th to identify new measures to deal with the impact of the epidemic, stabilize foreign trade and stabilize foreign investment, deploy the capital chain of the industrial chain further, promote the coordinated rehabilitation of all sectors, and give better play to the policy of rediscount of special reloans, and support the development of epidemic prevention, control and supply and enterprise rescue.

The meeting pointed out that in accordance with the deployment of the CPC Central Committee and the State Council to promote the prevention and control of disease and economic and social development as a whole, we must persist in opening wider to the outside world and take measures to stabilize foreign trade and stabilize foreign investment. First, the tax refund for all export products that are not fully refunded except for "two high one capital". The two is to guide financial institutions to increase foreign trade credit, implement loan repayment, debt repayment and other policies, and delay the extension of small and medium-sized foreign trade enterprises with great influence and good prospects. The three is to support Business insurance company in developing short-term export credit insurance business and reducing rates. Four, we should make preparations for the spring fair and vigorously promote foreign trade cooperation. Five, we should speed up the reduction of the negative list of foreign investment admittance. We should expand the list of industries to encourage foreign investment so that foreign investment in more fields can enjoy preferential policies such as taxation. The six is the recent policy of reducing taxes and reducing fees to help enterprises, so as to ensure that domestic and foreign enterprises enjoy the same benefits.

The meeting pointed out that all localities and departments should implement precise prevention and control in different districts, and orderly promote the whole industry chain to resume work and resume production. First, according to the epidemic situation, we should improve the guidelines for resuming work and reproducing and preventing and controlling, giving full play to the role of the State Council in promoting the work of resuming work and resuming production, establishing an inter departmental work special class, strengthening overall guidance and coordination services, and opening up the industrial chain and supply chain plugging points. Leading enterprises to drive supporting enterprises to enhance synergy and resumption of production momentum. Two, we should increase international coordination and cooperation, and increase international freight flights and other measures to maintain an unimpeded international supply chain. Three, we should guide financial institutions to actively link up the core enterprises of the industrial chain, increase the support of liquidity loans, and give reasonable credit lines. Support core enterprises through credit, bonds and other means of financing, in the form of advance payment to the upstream and downstream enterprises to pay cash, reduce the upstream and downstream SMEs cash flow pressure and financing costs. Support enterprises to finance accounts receivable, warehouse receipts and inventory pledge. We should appropriately reduce the bank's margin of acceptance of good money to good credit companies.

The meeting pointed out that in recent years, the relevant departments, in accordance with the requirements of the State Council, have guided financial institutions to implement the 300 billion yuan special reloan and the 500 billion yuan reloan and rediscount policy. The preferential interest rate funds strongly support the epidemic prevention and control of material supply and protection, and agriculture and enterprises, especially small and micro enterprises, resume work and resume production. We should further put the policy in place, speed up the progress of loan delivery, better protect the demand for funds for the supply of epidemic prevention materials, spring ploughing and preparation, production of international supply chains, labor-intensive industries, and small and medium-sized enterprises. Appropriate decentralization of credit loan approval authority. We should strengthen auditing and supervision to prevent "dripping" and improve the effectiveness of supporting the real economy. We should pay close attention to the introduction of inclusive financial targeted reduction measures and increase the reduction of shareholding banks' efforts so as to promote commercial banks to lend more support to small and micro enterprises and individual businesses, help to resume work and resume production, and reduce financing costs.

At the same time, we emphasized that we should promptly study the measures to further deepen reform and open wider to the outside world in order to effectively stimulate market vitality, expand domestic demand and increase momentum. We need to further promote the reform of the "discharge service", "Internet +" and "double innovation", so as to provide more opportunities for entrepreneurship, employment and flexible employment, and stabilize the overall employment situation.