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Deepen Reform
updated on::2017-05-01 12:27

Deepen the reform by “3 Removals, 1 Reduction and 1 Enhancement”. Start by speeding up the process of removing existing "zombie companies" and banning illegal production to ensure the reduction of excess production capacity. Followed by removing useless inventory and combining efforts in promoting the urbanization of the population, stabilizing the development of the real estate industry and scientific supply and land development with focus on how to deal with “four imbalances”. Thirdly, promote greater reform and standardization of enterprises, start a plan for the implementation of the hundred listed enterprises, support the marketization of enterprise and the legalization of debt-to-equity swap, make the proportion of directly financing for non-financial enterprises increases to 28%. Continue to reduce the cost of real economy enterprises with a target of 4 billion in reductions for the whole year. Enhance focus on the infrastructure, livelihood security, ecological environment, integrity, coordination and other weak areas in order to maintain effective investment development. Accelerate fundamental key reforms. Promote the reform of the administrative system with strict implementation of the list of powers and responsibilities, and carry out a relatively centralized administrative licensing reform pilot project in order to start running of the municipal approval authority department.Speed up the "one net" construction of government services, strive to achieve the target of the approval authority such as: online execution of centralized joint approval and regional evaluation by using agent. Fully implement the “Double Randoms, One Open”, support the city (District) in upholding comprehensive laws concerning the different departments. Promote financial reform to support innovation and pilot area construction by industrial transformation and upgrade reform. Build and operate the "1+10" industrial investment fund and country one class level new medicine investment fund. Build a large health fund equity investment and financing platform, financial asset trading platform and financial holding group. Promote the reform of state-owned enterprises, gradually implement the overall management of state owned assets resource, standardize the operation, and strive to improve the operational efficiency and management level of state-owned capital. Promote the reform of the fiscal and taxation system, enhance the administration of government debt, and improve the overall budget management system and financial management system.

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