On June 29, Premier Li Keqiang chaired an executive meeting of the State Council to determine measures to support the construction of major projects with policy and developmental financial instruments, expand effective investment, and promote employment and consumption; We will increase the work relief efforts for key projects, expand employment opportunities, and drive the income of migrant workers< Br>
the meeting pointed out that we should implement sound monetary policy, make good use of structural monetary policy tools, enhance the ability of financial services to the real economy, and effectively help stabilize the economic market, stabilize employment and ensure people’s livelihood. Increasing financing support for major projects through policy oriented and development oriented financial instruments is conducive to playing a guiding role under the condition of not engaging in flood irrigation and not issuing excess money, dredging the transmission mechanism of monetary policy, and realizing the comprehensive effect of expanding investment, bringing employment and promoting consumption< Br>
the meeting decided to use policy oriented and development oriented financial instruments to raise 300billion yuan by issuing financial bonds to supplement the capital of major projects or bridge the capital of special bond projects. The central government will give appropriate discount interest< Br>
zhonghuiyong, associate professor of the school of Finance and deputy director of the Institute of financial development of Shanghai University of international business and economics, told the news that supporting major project construction through policy oriented and developmental financial tools can be achieved without flooding, over issuing money and increasing government debt, It is used to supplement the capital of national major projects or provide support for the capital of local government special bond projects, promote the landing of effective investment as soon as possible, and then promote employment and consumption by stabilizing the economy< Br>
zhoumaohua, macro researcher of financial market department of Everbright Bank, told the news that this move is to issue financial bonds through policy banks. On the one hand, policy banks have national credit and relatively low financing costs; On the other hand, supplementing project capital with financial bond funds helps to leverage more social funds and ensure the financing of key projects< Br > < div class= "contheight" > < / div > the meeting also pointed out that work for relief benefits a lot and has a strong driving effect. It can provide migrant workers, especially migrant workers, people out of poverty and other large-scale jobs, support them to increase their labor income, and then stimulate consumption, which is an important measure to stabilize employment and ensure people’s livelihood< Br>
first, the key projects invested by the government should be used up for work relief< Br>
second, a number of investment projects in the central budget for work relief were implemented, and the proportion of labor remuneration in the central fund increased from more than 15% in the original provisions to more than 30%< Br>
thirdly, specify the task requirements of work relief in all links of the project, and urge the timely and full payment of remuneration< Br > < div class= "contheight" > < / div > the meeting stressed the need to increase investment in transportation to make up for weaknesses, and to start a number of projects such as national highway connectivity and inland water transport channel construction within the year< Br>
zhoumaohua said that water conservancy and other projects have a long industrial chain, which can significantly stimulate employment, help promote employment and income, and accelerate the recovery of domestic demand< Br>
zhonghuiyong said that as work relief plays an important role in expanding employment and increasing the income of migrant workers, it can also ensure the smooth implementation of key projects invested by the government. Therefore, the national Standing Committee has significantly increased the proportion of labor remuneration in central funds, which can better implement work for relief. In addition, the national standing committee also stressed the need to ensure the timely and full payment of migrant workers’ remuneration and avoid the occurrence of arrears of migrant workers’ wages when implementing the task of work for relief.