□ Increase support for the main body of entrepreneurial innovation.
□ Cancel the industry restrictions on insurance funds to carry out financial equity investment.
Make good use of local government special bonds, strengthen the docking of funds and projects, and improve the efficiency of fund use.
The the State Council executive meeting held on the 15th deployed to further promote mass entrepreneurship and innovation, focusing on supporting employment and entrepreneurship of college graduates and other groups; It is required to make good use of local government special bonds, strengthen the docking of funds and projects, and improve the efficiency of fund use; Adopted the Regulations on the Implementation of the Budget Law of the People’s Republic of China (Revised Draft).
Deepen the promotion of mass entrepreneurship and innovation
The meeting pointed out that in response to the impact of the epidemic and changes in the development environment, it is necessary to implement the innovation-driven development strategy, further promote mass entrepreneurship and innovation, stimulate market vitality and social creativity, and support the main players in the employment insurance market with new kinetic energy, especially supporting key groups such as college graduates and returning migrant workers to start businesses.
First, we must increase support for the main body of entrepreneurial innovation. The central budget will invest and arrange special funds to support the construction of dual-innovation demonstration bases. Revitalize idle factories, inefficient use of land, etc., and strengthen support for key projects of dual innovation. Incubation bases invested by the government should provide a certain proportion of venues to college graduates and migrant workers free of charge. For entrepreneurs who have started their business for the first time and have been operating normally for more than one year, they can be given a one-time business start-up subsidy.
Second, we must encourage the dual-innovation demonstration base to build a platform for the development of large, medium and small enterprises and cross-regional integration. Build a professional service platform for the transformation of scientific and technological achievements.
Third, financial institutions should be encouraged to carry out equipment financing leasing and insurance business related to entrepreneurship. Cancel the restrictions on insurance funds to carry out financial equity investment, and carry out pilot projects for equity investment and venture capital share transfer in regional equity markets.
Fourth, we should implement the demonstration action of entrepreneurship to promote employment, promote enterprises, dual-innovation demonstration bases and internet platforms to jointly carry out entrepreneurship training such as nursery, pension, housekeeping, tourism and e-commerce, guide the concept of career choice, and expand employment space.
Previously, the Opinions on Strengthening Financial Services for Private Enterprises issued by the General Offices of the General Office of the Central Committee of the CPC and the State Council mentioned that it would study the abolition of the industry scope restriction of insurance funds to carry out financial equity investment and standardize the implementation of strategic equity investment. The industry believes that this will better serve the real economy, provide long-term capital for the development of the real economy in the form of equity, and promote the development of direct financing.
Xu Zhengzhong, deputy director of the Economics Department of the Central Party School, believes that "double-innovation" enterprises will become an important force to absorb employment. Starting a business by one person can drive 9-13 people to find jobs on average. Under the current situation, promoting employment through "double innovation" is one of the important means to stabilize employment.
Accelerate the issuance and use of special bonds.
The meeting pointed out that as of mid-July, 3.75 trillion yuan of new local government special bonds approved by the National People’s Congress had issued 2.24 trillion yuan and spent 1.9 trillion yuan, all of which were used to make up for major construction, which played a positive role in affecting the epidemic, expanding effective investment and stabilizing the basic economic development.
Zhang Yiqun, deputy director of the China Budget Performance Committee, told the shanghai securities news that 1 trillion yuan of special national debt and 1 trillion yuan of new fiscal deficit have been allocated to local governments, focusing on alleviating the financial shortage of grassroots finances in cities and counties. This time, the the State Council executive meeting mentioned the local government’s special debt again, which is to ensure that all new funds and policies come into effect as soon as possible, so as to actively cope with the epidemic situation and the impact of various uncertain and unstable factors at home and abroad.
The meeting requested that all localities should speed up the issuance and use of special bonds, support the construction of "two new and one heavy" and public health facilities, which can be used to strengthen disaster prevention and mitigation in time as needed, form a physical workload as soon as possible, and ensure the quality of the project. If it is difficult to implement the project in a short period of time and it is really necessary to adjust the use of funds, in principle, it should be completed before the end of September and reported according to the procedures. The meeting stressed that it is necessary to optimize the investment of bond funds, and it is strictly forbidden to replace existing debts, and it is absolutely not allowed to engage in image projects and face projects.
It is reported that a few days ago, the Ministry of Finance has issued a new batch of new local special debt quotas to the provincial financial departments, which may be around one trillion yuan.
Make clear provisions on the disclosure of fiscal expenditure to the public.
The meeting adopted the Regulations for the Implementation of the Budget Law of the People’s Republic of China (Revised Draft). The draft refines the relevant provisions of the Budget Law, and fixes the achievements of fiscal and taxation system reform and budget management practice in recent years in the form of laws and regulations. In particular, in order to ensure that public finances are used sparingly to enrich the people, it clearly stipulates that fiscal expenditures should be made public, requiring general transfer payments to be made public in regions, special transfer payments to be made public in regions and projects, unit budget and final accounts expenditures to be made public, and basic expenditures to be made public in accordance with regulations. In order to improve the efficiency of the use of financial funds, governments at or above the county level are required to issue the transfer payment for the next year to the government at the next level in advance according to a certain proportion.
In Zhang Yiqun’s view, the adoption of the draft means that China’s budget law has taken a crucial step from legal formulation to concrete implementation. It can not only fix the policies and measures of fiscal and taxation system reform this year in the form of laws and regulations, but also greatly enhance the legal effect of fiscal and taxation reform and management policies, and can effectively ensure the stable development and operation of the current tax-sharing fiscal system, strengthen the financial affairs and expenditure responsibilities of the central and local governments, departments and units, and promote the overall improvement of financial fund management performance.
Zhang Yiqun said that the highlight of the draft is that the government’s budget, debt, procurement, transfer payment and other policies and management will be fully open and transparent, and the specific types of funds that need to be disclosed will be made clear, so that every expenditure of the government and departmental units must be voluntarily disclosed to the public and accept social supervision, and provide more accurate sources of financial funds for local governments and departmental units to rationally arrange the next year’s budget, and promote the transformation and upgrading of government management services through budget refinement and full openness and transparency. (Reporter Li Yuan)
关于作者