"Broken": support to go to production capacity, inventory, deleveraging
Hunan Daily: to go to production capacity, inventory, deleveraging is a proactive reduction process, but it may be a difficult process. How can the financial sector play a guiding role and do a good job of "subtraction"?
Zheng Jianxin: In terms of production capacity, the main thing is to clean up and standardize the financial policy and financial support for the competitive field, and to stop subsidies and protection for the "zombie enterprises" that have long-term losses, high debts, and no cure. At the same time, we should accelerate the elimination of backward production capacity in the iron and steel, coal and other industries. This year, the central government will set up special funds for the steel and coal industries, "zombie enterprises" staff resettlement issues, the provincial financial will strengthen tracking and actively seek support. Combined with the actual situation in our province, the provincial financial will also study the development of fireworks enterprises to integrate and focus on the award policy, to promote the optimization of production capacity.
Dissolving real estate inventory, in the long run, to accelerate the construction of a new type of urbanization with people at the core, improve the mechanism of financial transfer payments linked to the citizenship of the agricultural transfer population, promote the equalization of public **** services, solve the social security of the agricultural transfer population, education and other issues, to guide the formation of the demand for the employment of the place to buy a house or a long-term rental housing; the short and medium term, it can be achieved through the implementation of the corresponding tax , loans, provident funds and other combinations of preferential policies, and actively promote the monetized resettlement of shantytown renovation, to support the stable development of the real estate market.
Deleveraging, mainly to strengthen government debt management, prevention and control of financial risks. In recent years, the provincial financial mapping of the province's government debt stock, the initial establishment of the debt limit management mechanism, risk early warning mechanism and stock of debt resolution incentives and constraints mechanism, in the field of provincial major transportation infrastructure construction trial compilation of the debt budget. In the next step, it will also continue to strengthen the limit management, risk management and budget management, reasonably control the debt scale, refine the risk warning level, expand the scope of debt budgeting for major infrastructure construction at the provincial level to areas such as water conservancy, energy, and guaranteed housing, and prepare a three-year rolling plan. in 2016, after actively striving for the central government, the central government initially issued a cap on the issuance of replacement bonds of about 326.3 billion yuan for the province, and the province's annual It is expected to save about 29 billion yuan of interest; after the completion of all replacement in 2017, the province is expected to save 37 billion yuan of interest per year.
"Stand": support the introduction of new models, the development of new industries
Hunan Daily: supply-side structural reform, which aims to promote economic transformation and upgrading, and to cultivate the development of new dynamic energy. How can the financial sector make an impact?
Zheng Jianxin: Supply-side structural reform is also a process of "establishment", which focuses on supporting the introduction of new models and the development of new industries to cultivate new momentum.
The introduction of new models is to support the traditional industries to utilize new production, business and marketing models with the help of tools such as big data, cloud computing and Internet+, so as to bring them closer to the effective demands of the market and realize seamless docking.
Development of new industries is to support the implementation of the "manufacturing province action plan", promote the development of traditional industries to high-end, intelligent, personalized, service-oriented, green development, and promote the growth of advanced rail transportation equipment, new energy vehicles, electronic information, biomedicine and other emerging industries on a large scale, accelerate the cultivation of 3D printing, intelligent robots, high-performance digital chips and other new growth points.
Cultivating new power means supporting scientific and technological innovation and improving total factor productivity.
Doing a good job of the above, one is to make good use of the various types of special funds to support economic development. Financial support for enterprises must be based on direct subsidies and non-reimbursable grants in the past, to more use of equity investment, fund inputs, loan subsidies, post-subsidies and other market-oriented support methods. Secondly, it is necessary to set up and operate the emerging industry development fund. In October last year, the provincial government has decided to set up "Hunan Province Emerging Industries Development Fund", the total size of the tentative 5 billion yuan, focusing on supporting the development of advanced equipment manufacturing, new materials, new energy, cultural creativity, biomedicine, information, energy saving and environmental protection and other strategic emerging industries. In the structure of the mother-sub-fund model, emerging industry development fund as the total mother fund, under the five industrial funds; these five funds and then cooperate with social capital to set up venture capital enterprises, as a sub-fund, direct investment in industrial enterprises.
"Stable": stabilize investment, expand consumption
Hunan Daily: investment and consumption are the traditional driving force of economic growth in our province. How to continue to play the role of investment and consumption in promoting economic growth?
Zheng Jianxin: In terms of stabilizing investment, the main thing is to give full play to the guiding role of financial funds and credit enhancement function, innovative investment and financing mechanisms, the comprehensive use of government bonds, special funds, the government and social capital cooperation mode (PPP) and other financial and financial tools, multi-channel financing, efforts to ensure a good transportation, energy, water conservancy, "two houses and two sheds ", "two supply and two governance" and other major infrastructure construction funding needs. At present, the work of preparing for the construction of infrastructure-type investment funds has made progress, railroad construction fund financing programs and operational methods have been recognized by the provincial government, mainly through cooperation with CDB and other banks, in the form of equity investment in the introduction of social capital, low-cost moderate use of leverage, drive long-term low-interest loans into infrastructure construction projects. In accordance with this model, the provincial finance is studying the construction of a new financing mechanism for major infrastructure construction in areas such as highways and water conservancy. Promote PPP model has also achieved milestones, has been released in two batches to the community focused on 82 provincial demonstration projects, with a total investment of 135.1 billion yuan, especially in the 41 national key ecological function zones in the county garbage collection and transportation system construction to explore a new way of environmental protection governance of the cooperation between the government and enterprises. The next step is to grasp the landing and promotion of the demonstration project, in the field of sewage and garbage disposal to support cities and counties to fully promote the PPP model, and the establishment of awards and subsidies mechanism.
In terms of expanding consumption, the main focus is to actively cultivate new consumption hotspots such as health and old-age care, culture and tourism, and to strongly support new consumption patterns such as online shopping, online trading and rural e-commerce to promote the upgrading of the consumption structure.
"Mending": mending short boards, expanding effective supply
Hunan Daily: How to "mend short boards", expanding effective supply?
Zheng Jianxin: Mending the short board is first of all to make up for the "four short boards" of economic development. Secretary of the provincial party committee, the provincial people's Congress Standing Committee Director Xu Shousheng repeatedly emphasized that the county economy, non-public economy, open economy, financial services is currently hindering the economic development of the province's "four major short boards". The financial sector must be based on their own functions, and actively seek to fill the short board of the entry point and breakthrough.
In the county economy, will continue to implement the characteristics of the county economy project, the county as a platform, industry as the center, integration of funds, focusing on inputs, highlighting the support of the county advantageous industrial development. In terms of non-public economy, the focus should be on the supportive role of employment subsidy funds, entrepreneurial guarantee loan award and subsidy funds, special funds for the development of small and medium-sized enterprises, financing subsidy funds for small and medium-sized enterprises and other related funds to promote mass entrepreneurship and innovation. In the open economy, it is necessary to strongly support the construction of important platforms, key enterprises and major projects, accelerate the cultivation of new competitive advantages in foreign trade centered on technology, brand, quality and service, and realize the balanced development of exports and imports, general trade and processing trade, and trade in goods and trade in services; at the same time, it is necessary to open up emerging markets and support enterprises to go out. In the financial services industry, we should urgently study the financial support policies, highlight the key points, focus on supporting the development of industrial investment funds, private finance, innovative finance, inclusive finance, private finance, create a financial industry chain, cultivate local financial leaders, promote the listing of local financial enterprises, cultivate the development of financial leasing companies, consumer finance companies, Internet finance and other emerging forms of business, and promote the securitization of assets.
Secondly, to make up for the social development "short board" of poverty alleviation. To comprehensively promote accurate poverty alleviation, significantly increase investment in poverty alleviation, innovative poverty alleviation mechanisms, to explore the province-based innovation to establish medical security, low-income insurance pockets "two mechanisms", county-based industrial development, employment training, relocation, infrastructure construction, ecological poverty alleviation "five platforms ". In the near future, we should focus on the work of relocation of poverty alleviation. The province has set up the poverty alleviation development investment limited company, as the provincial investment and financing main body, coordinate the province's easy land poverty alleviation relocation project funds. Requirements for counties and municipalities in accordance with the principle of market-oriented operation, the use of existing county-level financing platform companies to set up subsidiaries, as the main body of the project implementation, docking with the province, the implementation of the tasks. County-level finances are also required to pay project costs and repay loan principal and interest to the main body of the project implementation through the integration of special funds, increased budgetary arrangements and other channels of government purchase of services.
"Change": through the reform of cost reduction
Hunan Daily: the central requirements, to carry out the action to reduce the cost of the real economy enterprises, playing a "combination of punches". How to effectively reduce business costs in our province?
Zheng Jianxin: to help enterprises reduce costs, mainly through reforms, to reduce systemic transaction costs, tax burden, social security contributions, financial costs, electricity prices, logistics costs and so on. The financial sector mainly from two aspects of the force.
Vigorously promote the reform of the fiscal and taxation system. On the one hand, reduce taxes and clear fees. This year, will be in accordance with the central unified deployment of the full implementation of the camp reform, the construction industry, real estate industry, financial industry and living services into the scope of the reform. We will further clean up, cancel, integrate and standardize existing administrative fees and government funds, gradually reduce the number of items, continue to implement catalog list management, improve the public announcement system, and increase the transparency of fee policies. A "look back" has been carried out on the abolished or exempted fee items to prevent the rebound of the phenomenon of arbitrary fees and charges. On the other hand, the implementation of fiscal revenue budget flexibility control, and appropriately lower revenue growth expectations, to prevent the collection of "excessive taxes" and arbitrary fees, to enterprises and market players to leave more available funds.
Actively support and y participate in major reforms in other areas, such as decentralization, state-owned enterprise reform, financial reform, social security system reform and rural reform.