Core Viewpoint - The article discusses the key strategies and policies outlined in the recently published guide on the 15th Five-Year Plan, emphasizing the importance of effective investment, income distribution, and financial stability in driving economic growth. Investment and Economic Growth - The government aims to optimize the use of special bonds and long-term treasury bonds to encourage private capital participation in major project construction, thereby expanding effective investment [2] - A comprehensive debt management plan will be implemented to address local government hidden debts and establish a long-term regulatory system for local government debt [4] Income Distribution and Consumption - The government plans to enhance income distribution through tax adjustments, social security, and transfer payments to increase residents' income and stimulate consumption [3] Technological Innovation and Industry Development - There will be a focus on supporting high-level technological self-reliance and innovation, improving the allocation and management of central financial science and technology funds to enhance the effectiveness of innovation investments [5] Fiscal Policy and Financial Stability - The article highlights the need to optimize the fiscal relationship between central and local governments, improve the transfer payment system, and increase local financial autonomy to ensure basic public service coverage [6] - The central bank will enhance the role of policy interest rates and narrow the width of the short-term interest rate corridor to improve the transmission of monetary policy [8][10] Capital Market Reforms - The capital market will undergo reforms to enhance inclusivity and adaptability, focusing on supporting technological innovation and meeting diverse investor needs [10][11] - Measures will be taken to improve the flexibility and convenience of refinancing mechanisms for listed companies, promoting their transformation and growth [13] Real Estate Market Development - The government will implement a system for selling existing homes to mitigate delivery risks and enhance consumer protection [16] - A multi-level housing security system will be established to meet the basic housing needs of urban workers and disadvantaged families [17][18]