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Li Keqiang presided over an executive meeting of the State Council to determine measures for policy-based development financial instruments to support major project construction, etc. – Guangzhou Municipal People’s Government Portal

Li Keqiang presided over an executive meeting of the State Council
Identify policy-based development financial instruments to support major project construction initiatives Expand effective investment to promote employment and consumption
Deploy and increase key projects, expand employment positions through food-for-work efforts, and increase the income of migrant workers.
Decided to carry out a pilot program to improve the clinical research and achievement transformation capabilities of high-level hospitals to improve the level of medical and health services

Xinhua News Agency, Beijing, June 30. Premier Li Keqiang of the State Council chaired an executive meeting of the State Council on June 29 to determine policy and development financial tools to support major project construction measures, expand effective investment, promote employment and consumption; deploy and increase key projects With work-for-relief efforts, we will expand employment positions and drive the income of migrant workers to increase; it is decided to launch a pilot program to improve the clinical research and achievement transformation capabilities of high-level hospitals to promote the improvement of medical and health services.

The meeting pointed out that it is necessary to implement the deployment of the Party Central Committee and the State Council, implement a prudent monetary policy, make good use of structural monetary policy tools, enhance the ability of financial services to serve the real economy, and effectively help stabilize the economic market, stabilize employment and protect people’s livelihood. Increasing the financing support for major projects through policy and development financial tools is conducive to better playing a guiding role, dredging the transmission mechanism of monetary policy, and promoting the scale of bank deposits and loans under the conditions of not flooding the water and not over-issuing money. It should be better matched with the structure, and realize the comprehensive effect of expanding effective investment, driving employment, and promoting consumption. The meeting decided to use policy and development financial tools to raise 300 billion yuan through the issuance of financial bonds to supplement the capital of major projects including new infrastructure, but not more than 50% of the total capital, or for special projects. Debt project capital bridge. Fiscal and monetary policies are linked, and the central government will give appropriate discounts based on the actual equity investment, and the discount period will be 2 years. Guide financial institutions to increase supporting financing support, attract private capital to participate, and promptly create more physical workloads.

The meeting pointed out that food-for-work has a large benefit and strong driving effect, and can provide large-scale employment positions for the masses, especially migrant workers and people who have been lifted out of poverty, and support them to increase their income through labor, thereby stimulating consumption, especially county consumption, and is a way to stabilize employment. Important measures to protect people’s livelihood need to be stepped up. First, the key projects invested by the government must be able to be used up for work-for-work under the premise of ensuring quality and safety. Second, in the construction of supporting facilities for key projects, a number of investment projects within the central budget will be implemented with cash-for-work, and the proportion of labor remuneration in central funds will be increased from the original 15% to more than 30%. The third is to clarify the task requirements of food-for-work in all aspects of project preparation and construction, and urge the timely and full payment of labor remuneration. The meeting emphasized that my country’s transportation development has made remarkable achievements, but the per capita density of the transportation network is still low. It is necessary to increase investment to make up for shortcomings, drive employment and consumption increase, and enhance the support capacity of economic and social development. During the year, a batch of projects to connect national expressways, smooth bottleneck sections of inter-provincial highways, build inland waterway channels, and improve port functions will be started. Guide financial institutions to provide long-term low-interest-rate loans.

The meeting pointed out that in the efficient coordination of epidemic prevention and control and economic and social development, we must rely on reform and innovation to improve the level of medical and health services and better protect the health of the people. The meeting decided to select some high-level hospitals to carry out pilot projects to improve clinical research and achievement transformation capabilities, and to adopt and support universities and research institutes in the implementation of scientific research autonomy, salary incentives, ownership of scientific and technological achievements and distribution of profits, and procurement of scientific research instruments and equipment. The innovative equivalent policies, especially the increase of clinical and translational research funding, and the simplification of scientific research and funding management approval, reporting, etc. At the same time, support the construction of research platform bases. It is necessary to ensure the basic needs of the masses for medical treatment, and medical institutions for critically ill and other patients shall not prevaricate and refuse. Protect the legitimate rights and interests of the masses, protect personal information in accordance with the law, and seriously investigate and punish those who abuse codes according to laws and regulations. High-level hospitals should aim at the international advanced level to improve their service levels, and use their advantages to drive the improvement of grass-roots hospitals and overall medical service capabilities, so as to benefit more people.