We will continue to ensure greater security through high-quality development and promote high-quality development with a greater degree of security. We will defuse risks in real estate, local government debt, and small and medium financial institutions by addressing both symptoms and root causes. By doing so, we will safeguard overall economic and financial stability.
We will take prudent and well-ordered steps to address risks and hidden dangers.
We will improve the coordination mechanisms for addressing major risks and ensure that all relevant responsibilities are fulfilled, including the primary responsibilities of enterprises, the oversight responsibilities of competent government departments, and the jurisdictional responsibilities of local governments. We must boost our capacity for addressing major risks to see that no systemic risks arise.
We will refine real estate policies and meet justified financing demands of real estate enterprises under various forms of ownership on an equal basis, so as to promote the steady and healthy development of the real estate market.
We will make concerted efforts to defuse local government debt risks while ensuring stable development. We will implement a package of measures to defuse risks caused by existing debts and guard against risks arising from new debts.
We will take prudent steps to defuse risks in small and medium financial institutions in some localities and take tough measures against illegal financial activities.
We will improve the long-term mechanisms for preventing and controlling risks.
We will, in response to the trend of new urbanization and supply and demand changes in the housing market, move faster to foster a new development model for real estate. We will scale up the building and supply of government-subsidized housing and improve the basic systems for commodity housing to meet people’s essential need for a home to live in and their different demands for better housing.
We will develop government debt management mechanisms that meet the needs of high-quality development, improve monitoring and oversight systems for the unified management of local government debts, and transform local financing platforms on a categorized basis.
We will improve the system of financial regulation and raise our capacity for preventing and controlling financial risks.
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