CBN丨Shanghai “reboots” as production and life fully resume n

您的浏览器不支持音频播放。

Hi everyone. I’m Stephanie LI.

大家好，我是主持人李莹亮。

重点提要 

Shanghai resumes normal production and life today; 

A closer look at the details of China’s 33-measure stimulus package announced on Tuesday.

中国经济要闻

China has mounted a full-fledged battle to stabilise its economy, as all levels of governments - from the State Council, the cabinet to ministries to local governments - raced to implement a sweeping set of 33 measures aimed at tackling specific challenges and keep economic operations within in reasonable range, according to an official notice on Tuesday.

The intensifying efforts from Chinese authorities to boost economic growth come as the COVID-19 epidemic situations in Beijing and Shanghai continued to improve, reflecting officials' confidence in keeping the virus under effective control, while shifting focus on economic stabilisation.

The new policy includes six areas, including fiscal support, investment, consumption, food and energy security, and supply chain stability in an effort to stabilise the economy while maintaining effective epidemic control. Small and medium-sized enterprises (SMEs), a prime contributor to the economy, are the focus of the government's supportive policies.

In terms of fiscal policy, China will speed up the issuance and use of the 3.45 trillion yuan special bond quota issued this year. It has targeted to complete the issuance by the end of June, and work to complete use of the fund by the end of August. 

Apart from the nine sectors included on the support list, new infrastructure and new energy projects should be given priority to be supported, the State Council said. In an apparent answer to the calls, the Shanghai and Shenzhen stock exchanges published rules on Tuesday to allow listed real estate investment trusts (REITs) to raise fresh money to fund acquisition of infrastructure projects.

In terms of monetary and financial policies, China will boost financing efficiency via capital markets, by supporting domestic firms to list in Hong Kong, and promote offshore listings by qualified platform companies.

To boost investment and consumption, China will support the healthy development of the platform economy and utilise the development of platform enterprises to drive relief for small, medium and micro-enterprises. The State Council also acknowledged the role of the sector in stabilising employment. 

In a bit to boost car sales, the circular said no new vehicle purchase restrictions shall be issued, and the Ministry of Finance also said on Tuesday that it would halve the purchase tax for small-engined cars.  

5月31日，国务院对外印发《扎实稳住经济一揽子政策措施》，提出财政政策、货币金融政策、稳投资促消费等政策、保粮食能源安全政策、保产业链供应链稳定政策和保基本民生政策等六方面33项具体措施，要求加快构建新发展格局，推动高质量发展，高效统筹疫情防控和经济社会发展，最大程度保护人民生命安全和身体健康，最大限度减少疫情对经济社会发展的影响，统筹发展和安全，努力实现全年经济社会发展预期目标等。

国务院通知明确指出，要推动一揽子政策措施尽快落地见效，确保及时落实到位，尽早对稳住经济和助企纾困等产生更大政策效应。需要出台配套实施细则的，应于5月底前全部完成。

其中，财政政策包括进一步加大增值税留抵退税政策力度、加快财政支出进度、加快地方政府专项债券发行使用并扩大支持范围、用好政府性融资担保等政策、加大政府采购支持中小企业力度、扩大实施社保费缓缴政策、加大稳岗支持力度等具体举措。而货币金融政策方面，提出提高资本市场融资效率。科学合理把握首次公开发行股票并上市（IPO）和再融资常态化。支持内地企业在香港上市，依法依规推进符合条件的平台企业赴境外上市。

值得关注的是，基础设施投资成为此次稳投资的重要抓手。文件指出，加快推进一批论证成熟的水利工程项目、加快推动交通基础设施投资等。31日，证监会指导证券交易所制定发布了《新购入基础设施项目(试行)》，支持上市REITs通过扩募等方式收购资产，加大REITs市场建设力度。

此外，一揽子政策中还包含多条关于增加汽车消费的措施。除了对一定排量以下乘用车减征购置税之外，还包括放宽车辆限购、全面取消二手车限迁、支持汽车平行进口业务、取消皮卡进城限制等。

疫情简报