城市高质量内涵式发展

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政策双周报(202507第1期):城市发展加快转向高质量内涵式发展-20250722
Yin He Zheng Quan· 2025-07-22 12:57
Policy Dynamics - The Central Urban Work Conference emphasized a shift from rapid urbanization to high-quality, inclusive development, focusing on five transformations and five areas of increased attention[22] - The Central Financial Committee's sixth meeting highlighted the deepening of the national unified market construction and high-quality development of the marine economy, with a focus on eliminating "involution" competition[8][9] Fiscal Policy - The adjustment of the long-cycle assessment mechanism for state-owned insurance companies aims to enhance their role as stabilizers in the market, with total commercial insurance fund utilization reaching approximately CNY 34.9 trillion by March 2025[44][45] - The management of special bond project revenues will be strengthened to improve the efficiency of fund usage and ensure sustainable fiscal operations[46] Monetary Policy - The monetary policy remains moderately loose, with June 2025 financial data showing M1 growth at 4.6% and M2 at 8.3%, indicating a recovery in liquidity and credit support for the economy[54][55] - New social financing in June 2025 reached CNY 4.2 trillion, with a year-on-year growth rate of 8.9%, supported mainly by government bonds and loans[54] Regional Policy - The experience from the Shanghai Free Trade Zone will be further promoted to other regions, with 77 tasks outlined for enhancing trade and investment environments[59] - The Yangtze River Delta region is collaborating to build a national unified market pilot area, focusing on optimizing the business environment and maintaining fair competition[63]
政策双周报(202507第1期):城市发展加快转向高质量内涵式发展-20250721
Yin He Zheng Quan· 2025-07-21 12:29
Policy Dynamics - The Central Urban Work Conference emphasized a shift from rapid urbanization to high-quality, inclusive development, focusing on five transformations and five areas of increased attention[22] - The Central Financial Committee's sixth meeting highlighted the need for a unified national market and high-quality marine economic development, with a focus on eliminating "involution" competition[8][9] Fiscal Policy - The adjustment of the long-term assessment mechanism for state-owned insurance companies aims to enhance their role as stable long-term capital providers, with total insurance fund utilization reaching approximately CNY 34.9 trillion by March 2025[44][45] - The government is enhancing the management of special bond project revenues and asset management to improve the efficiency of fiscal policy implementation[46] Monetary Policy - The People's Bank of China continues to maintain a moderately loose monetary policy, with M2 growth at 8.3% and M1 growth at 4.6% in June 2025, indicating a recovery in liquidity[54] - New social financing reached CNY 4.2 trillion in June, with a year-on-year growth rate of 8.9%, supported mainly by government bonds and loans[54] Regional Policy - The experience from the Shanghai Free Trade Zone is being promoted nationwide, with 77 tasks outlined to enhance trade and investment environments across various sectors[59] - The Yangtze River Delta region is collaborating to create a unified national market, focusing on optimizing the business environment and maintaining fair competition[63] Industry Policy - Policies addressing "involution" are set to accelerate, with a focus on technological innovation and high-end development in the construction sector, as indicated by a joint initiative from 33 construction companies[5][6]