Business News Agency March 21st (1-15 March 2012)
First, the overall reform of the deployment
The five session of the eleven National People’s Congress voted through the “government work report” proposed in 2012 the main task, to further promote the reform of key areas. The “report” pointed out that the reform and opening up is the right choice decided the destiny of Chinese. We must respect the people’s creativity; boldly explore new ways; continue to promote all reforms, including the reform of China’s economic and political systems, with greater resolve and courage; and solve complex issues in development in line with the requirements of the Scientific Outlook on Development. We will advance reform of the fiscal and taxation systems, better balance the distribution of fiscal resources between the central and local governments and between all levels of local governments, and better arouse the initiative of both the central and loc。 The key task of this reform is:
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Deepen fiscal and financial reforms. We will improve the revenue-sharing system, improve the system of transfer payments, and increase the scale and proportion of general transfer payments. Improve the basic financial guarantee mechanism. Steadily promote the disclosure of local budgets and final accounts. We will deepen reform of the systems for treasury’s centralized revenue collection and expenditure payments, government procurement, and central government debt management. Improve the consumption tax system. To deepen the reform of resource tax, to expand the range of ad valorem. We will thoroughly carry out reform of large financial institutions in which the state holds the controlling stake, ensure orderly development of small financial institutions, and improve the systems and mechanisms that serve small and micro businesses as well as agriculture, rural areas and farmers. We will implement new oversight and supervision standards for the banking industry, work toward establishing a deposit insurance system, and deepen the refor。 To promote the implementation of the new banking regulatory standards. To promote the establishment of deposit insurance system. To deepen the reform of policy based financial institutions. Perfect the system of issuing new shares and delisting system, strengthen the protection of rights and interests of investors. The positive development of the bond market. To promote the reform and development of the insurance industry. To deepen the reform of interest rate marketization. Steadily promote capital account convertibility, expand the use of RMB in cross-border trade and investment.
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To promote the joint development of diversified forms of ownership. We will unwaveringly consolidate and develop the public sector and encourage, support and guide the development of the non-public sector. We will thoroughly carry out strategic adjustment of the state sector, and improve the mechanism for increasing investment of state capital in some sectors while reducing it in others to ensure its sound flow. We will promote reform of the railway and power industries. We will improve and implement policies and measures for developing the non-public sector; break up monopolies and relax restrictions on market access; encourage nongovernmental investment in railways, public utilities, finance, energy, telecommunications, education, and medical care; and create a fair environment in which economic entities under all forms of ownership can compete and develop together.
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Deepen the price reform. We will prudently carry out reform of electricity prices by implementing progressive pricing for household electricity consumption and improving pricing mechanisms for nuclear power, hydropower, and power generated from other renewable energy sources. We will make the price of electricity better reflect the price of coal. We will reform the prices of refined oil products and proceed with the price reform of natural gas. We will impose the strictest control over water resources, rationally set and adjust water resource fees in different localities, and carry out integrated price reform of water used for agricultural purposes. Develop carbon Emissions and emissions trading pilot.
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Deepen the reform of income distribution system. Pay close attention to the development of the overall income distribution reform plan. To improve the residents’ income distribution in the proportion of national income, increase the proportion of labor remuneration in primary distribution. We will improve the salary system, put in place a mechanism for regular salary increases, and steadily raise the minimum wage. We will create conditions to increase people’s income from property. We will establish a mechanism whereby the public share the proceeds from the sale of public resources. We will take further steps to adjust taxes for high-income groups, strictly standardize supervision of pay and bonuses for senior management in state-owned enterprises and financial institutions, expand the proportion of middle-income groups, raise the incomes of low-income groups, and promote equal opportunity. We will ensure that income distribution is governed by proper standards, effectively protect lawful income, and resolutely ban illegal income. We will quickly reverse the trend of a widening income gap.。
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Actively and steadily push forward the reform of institutions. We will classify public institutions scientifically, provide targeted guidance to each class, and phase in reforms sector by sector, level by level, and step by step to deepen reform of the systems of management, personnel, income distribution, and social security for public institutions.
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To accelerate the reform of the government. We will expand socialist democracy; conduct democratic election, decision making, administration and oversight in accordance with the law; and protect people’s rights to stay informed about, participate in, express views on, and oversee government affairs. We will implement the basic strategy of enforcing the law in both letter and spirit, respect and uphold the sanctity of the Constitution and laws, and govern in strict accordance with the law. We will resolutely rectify the problems of laws not being abided by or fully enforced, lawbreakers not being prosecuted, uncivilized law enforcement, dereliction and neglect of duty, and corrupt practices in law enforcement. We will work harder。 To do so, we will fight corruption, effectively carry out the long-term and basic work needed to improve the system of preventing and punishing corruption, and give high priority to solving serious problems that the people are resentful about. We will identify, handle, review and standardize matters subject to administrative approval in strict accordance with the law. Leading officials are strictly forbidden to interfere in economic activities such as government procurement, project tendering and the auctioning of land-use and mining rights. We will strictly implement all regulations which require leading officials to uphold integrity in the performance of their official duties. To strengthen the administrative supervision and democratic supervision, supervision of public opinion. Resolutely investigate and deal with all kinds of discipline violations, and severely punish corruption.
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Two, the postal service system reform
Improve the provincial postal regulatory system implementation to start work. The transportation department, the central office and the State Postal Bureau recently jointly held a teleconference on the implementation of work mobilization. The meeting pointed out that to improve the provincial postal regulatory system, the State Council clearly, according to the Department of transportation system reform, to adapt to the postal industry and transportation industry is more closely linked, deepening integration practice, strengthen cooperation of postal management departments and local transportation departments, the overall efficiency of integrated transportation system. In the process of implementation, in accordance with the overall arrangements of the State Council, adhere to the pilot first, step by step, focused, step by step, the working principle of the first building, after the start, carefully complete the preparatory investigations, and promote the implementation of the work of summing up phase of the mission, and strive to complete the implementation of the current government term of office work. The meeting clearly, the implementation of the central and provincial postal two vertical management system adjustment for superior postal administrative departments of local people’s governments and the dual leadership, clear central and local relations in configuration, operation mechanism, work cohesion, cadre management, is the key to improve provincial postal regulatory system, in order to understand and to accurately grasp and implement.
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Three, the medical and health system reform
Four ministries jointly carry out the deployment of major diseases medical assistance pilot work. Recently, the Ministry of civil affairs and other four departments jointly issued “on the major diseases medical assistance pilot work of opinions”, clear objectives and measures of major disease medical relief work. From the beginning of 2012, the provinces (autonomous regions and municipalities) will select the part of the county (city, district) to carry out pilot medical assistance of major diseases. The pilot of the local urban and rural medical rescue fund will be based on the local scale, the level of economic and social development to formulate reasonable implementation plan, expanding and improving disease relief of major diseases and the level of assistance. Through the pilot, sum up experience and improve the relief program, to explore practical medical assistance of major diseases, promote major diseases assistance work, efforts to alleviate the difficulties of the masses of the medical burden.
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Four, the reform of state-owned enterprises
The Ministry of industry and information technology approved by Shougang and Tonghua mergers and restructuring plan. In March 1, 2012, the Ministry of industry and information technology approved by Shougang and Tonghua merger and reorganization scheme of Jilin Provincial Department reported. The approval requirements to accelerate the substantial restructuring of Shougang and tisco. After the reorganization of the companies to improve the corporate governance structure in accordance with the relevant requirements of the construction of modern enterprise system. Shougang to TISCO into the group’s overall planning, to play their respective advantages of recombination and synergies in the allocation of resources, technology development, market development and other aspects of resource sharing, mutual support, strengthen the Tonghua iron and steel industry, optimize the product structure. To eliminate the existing backward steel production capacity, without increasing capacity, make full use of the existing steel foundation, accelerate the transformation and upgrading of enterprises.
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Five, the reform of the cultural system
The Ministry of culture held a meeting to make comprehensive arrangements for cultural system reform of the cultural system work in 2012. The meeting pointed out that the culture system to complete the reform of state-owned art troupes as the key to bigger and stronger or state-owned cultural enterprises as the focal point, to improve the scientific level of organization reform and development of the cultural leadership work to ensure the full completion of the 2012, the cultural system reform and development priorities. At the same time, the stage of the task and long-term goals together, to complete the task of reform and consolidate and develop the reform achievements combined with solid and fruitful work, for the cultural industry and comprehensive coordinated and sustainable development and lay a solid foundation. The first half of this year will focus on promoting the work are: first, according to the “group of five” the path of reform, achieve the reform of state-owned art troupes should be transformed to the task, groups all norms of restructuring, should be revoked, transferred to all designated group standards in place. The two is to consolidate the cultural market comprehensive law enforcement reform achievements, strengthen team construction, improve the effectiveness of law enforcement. The three is to vigorously promote the cultural system reform of non political newspapers and publishing units, and actively guide the reform units into enterprises and the integration of resources, optimize the structure of the combination, to extend the industrial chain. The four is to focus on the development of reforms, to research and launch system of the Ministry of culture 5 group joint-stock company work, as a leader, to promote the cultural system of the backbone of enterprise training.
Six, foreign institutional reform
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The Ministry of Commerce and other ten departments jointly issued the “guiding opinions on accelerating the transformation of foreign trade development mode”. “Opinions” clear, the objective of China’s foreign trade development in the future for a period of time is to consolidate trade power, promote trade power process, six coordinated development, adhere to the principle of import and export trade in goods and services trade, foreign trade and foreign investment and foreign trade and domestic trade, various kinds of ownership subject, the eastern and western regions, to to improve China’s export commodities and the international competitiveness of enterprises, improve the ability to formulate industry coordination and the government to participate in international trade rules, and further optimize the structure of foreign trade structure, commodity structure, market structure and trade mode. “Opinions” stressed that the main task of accelerating the transformation of the mode of foreign trade development is the optimization of foreign trade international market and domestic regional two layout, accelerate the transformation of foreign trade base, international trade platform and marketing network construction of three, improve the quality of export commodities, improve processing trade, accelerate the “go out” to promote the development of trade, border trade and service trade. To promote trade balance, improve the level of trade facilitation. “Opinions” put forward a series of policies and measures to improve fiscal policies, strengthen financial services, improve trade and supporting policy and system security, the reform of the management system, improve the trade friction response mechanism, working mechanism.
The people’s Bank and other departments to improve the export of goods trade in RMB clearing pilot enterprise management system. Recently, China people’s Bank and other six departments jointly issued the “notice on export goods trade in RMB clearing business management related issues”. According to the “notice”, has the qualification of import and export business in accordance with the “cross-border RMB trade settlement pilot management approach” to carry out RMB trade settlement business of export goods. “Notice” clearly, the main export goods in Renminbi trade settlement is no longer included in the pilot enterprises, all has the qualification of import and export enterprises can carry out RMB trade settlement business of export goods. At this point, can be engaged in import and export trade in goods, trade in services and other projects of the enterprises in China often choose for pricing, settlement and payment in rmb.
Since 2012 QFII approved investment quota of $2 billion 910 million. Recently, the State Administration of foreign exchange held qualified institutional investors investment quota review, review by 12 qualified foreign institutional investors (QFII) investment totaling $1 billion 860 million. Since 2012, the State Administration of foreign exchange has approved 23 QFII investment quota totaling $2 billion 910 million. As of March 9th, the State Administration of foreign exchange has approved 129 QFII institutions (2 excluding the quota has been canceled a total of $24 billion 550 million investment institutions). So far, has been to the State Administration of foreign exchange complete application materials submitted new QFII approved qualifications have been approved amount, and the Commission QFII qualification approval consistent.
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Seven, reform
Hunan province held a meeting of the deployment of non political newspapers publishing system reform. Informed the meeting of the implementation of the “non political newspapers published in Hunan province unit reform program”. Non political newspapers Hunan first into enterprises published a total of 23 units, including: the Hunan daily newspaper group 6; the Changsha evening news group 3; sports weekly series of publications of 8 units; the Hunan Publishing Investment Holding Group 4; non political newspapers belong the service center of Hunan province and Hunan Province, the flow of talent post publication units 1. The first conversion unit, in May this year will be completed before the end of the accounting, financial audit, asset valuation, property right alteration, adjustment of personnel placement and the cause of legal cancellation, corporate registration and other work to complete the transformation stage, before the end of June acceptance. At the same time, the preparatory plan, the second batch of non political newspapers and publishing unit of the restructuring work.
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