China Banking and Insurance Regulatory Commission: Continuing to optimize real estate finance policies to promote the stabilization of the real estate market.

date
27/09/2024
avatar
GMT Eight
On September 27, the Financial Regulatory Bureau held a system-wide teleconference meeting. The meeting emphasized the need to act swiftly to promote the effective implementation of key work tasks, and to support and ensure the completion of the annual economic and social development goals with tangible results. It called for further efforts to enhance the effectiveness of the coordination mechanism for urban real estate financing, optimize real estate financial policies continuously, and effectively stabilize the real estate market. It also urged for the implementation and refinement of the coordination mechanism for supporting financing for small and micro-enterprises, the orderly implementation of the policy of interest-free loans for repayment, and assistance to help small and micro-enterprises overcome difficulties. Additionally, it advocated for a prudent and orderly expansion of the pilot equity investment in financial asset management companies, aiming to develop replicable and scalable practical experiences and institutional achievements. For other key tasks, it called for proactive cooperation with relevant departments to strengthen policy coordination and ensure concerted efforts to achieve common goals. The original text is as follows: The Financial Regulatory Bureau held a meeting to convey and implement the spirit of the Political Bureau meeting Accelerate the implementation of policies and measures to support high-quality economic development On the afternoon of September 27, the Financial Regulatory Bureau held a system-wide teleconference meeting to convey and study the spirit of the Political Bureau meeting on September 26, and to discuss the implementation measures to accelerate the implementation of policies and measures to support high-quality economic development. Li Yunze, the Secretary of the Party Committee and Director of the Bureau, attended the meeting and delivered a speech. Party Committee members and Deputy Directors Zhou Liang, Xiao Yuanqi, Cong Lin, and Fu Wanjun attended the meeting. The meeting pointed out that the Political Bureau meeting made a profound analysis of the current economic situation and put forward clear requirements for the next steps of work. The system of the Bureau must resolutely unify thoughts and actions with the Party Central Committee's judgment on the current situation and decision-making arrangements, adopt a comprehensive and objective view of the situation, strengthen confidence and motivation, plan regulatory work from the overall situation, serve the overall situation with regulation, and resolutely implement the principle of "The General Secretary issues orders, the Party Central Committee deploys, regulation takes action, and finance delivers results". The meeting emphasized the need to act swiftly to promote the effective implementation of key work tasks, with tangible results, and to fully support the completion of the annual economic and social development goals. It called for further efforts to enhance the effectiveness of the coordination mechanism for urban real estate financing, continuously optimize real estate financial policies, and effectively promote the stabilization of the real estate market. It urged for the implementation and refinement of the coordination mechanism for supporting financing for small and micro-enterprises, the orderly implementation of the policy of interest-free loans for repayment, and assistance to help small and micro-enterprises overcome difficulties. It also called for a prudent and orderly expansion of the pilot equity investment in financial asset management companies, aiming to develop replicable and scalable practical experiences and institutional achievements. For other key tasks, it called for proactive cooperation with relevant departments to strengthen policy coordination and ensure concerted efforts. The meeting required to adhere to the principle of taking action, shoulder responsibilities resolutely, seize the opportunity windows, dare to take responsibilities, be proactive, plan and implement measures quickly, and take rapid actions to promote work. It emphasized the importance of conducting investigations and research, making policy reserves, improving the targeting and effectiveness of regulatory policies. It called for compliance with the requirements of precision law enforcement, standardizing law enforcement behavior, optimizing law enforcement methods, and striving to achieve the unity of policy effects, legal effects, and social effects. By deepening the implementation of the "Four New" projects, it aimed to guide party members and cadres to enhance their capabilities and achieve results in overcoming challenges, and fully stimulate the enthusiasm of all staff in the system to work hard and innovate. The disciplinary inspection and supervision team stationed at the Bureau, the departments and bureaus of the Bureau, all directly affiliated units, and the financial trade union cadres at the bureau level and above attended the main meeting venue. The members of the Party Committee of various financial regulatory bureaus attended the branch venue. This article was selected from the "Official Website of the National Financial Regulatory Bureau", edited by GMTEight: Jiang Yuanhua.

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