Liu Yuanchun: Need for unconventional innovation policy tools to support enterprise development in the short term

Liu Yuanchun: Need for unconventional innovation policy tools to support enterprise development in the short term
On May 22, Sauna Night held two sessions of economic strategies, invited economists to be a guest in the live room of Sauna Night, Peng Sen, former deputy director of the National Development and Reform Commission, former director of the Institute of Finance of the Ministry of Finance, and Jia Kang, director of the China Academy of New Supply Economics,Liu Yuanchun, vice president of Renmin University of China, and Cao Yuanzheng, chairman of BOC International Research Co., Ltd., etc., jointly interpreted the government work report released this morning.Liu Yuanchun said that in the past few years, the budget target should serve the real economy, create conditions for solving the financing difficulties of SMEs, and carry out a series of reforms. During the epidemic, it was actually well tested from late January to the present.There are already seven or eight types of monetary aid policies, and four major types of financial aid policies. The assistance funds of small and medium-sized enterprises involved have reached several trillions, but you will see that many small and micro enterprises are particularlyIt is not a strong sense of gain for individual industrial and commercial households.The reason is that under the impact of the super epidemic, it is difficult for us to use traditional rescue tools to penetrate the marginal population. Therefore, to complete the staged rescue tasks, we must have super-conventional rescue tools, so this government work report, Repeatedly two very special things.The first is to increase the fiscal deficit of 1 trillion US dollars and issue 1 trillion of special anti-epidemic bonds for a total of 2 trillion of funds directly to the cities and counties for the operation of the grassroots, for the protection of the livelihood of the grassroots, for the small and medium-sized primaryThe operation of the enterprise is very important, that is, we must cross the traditional bureaucracy system, and the traditional rules and regulations make some of our financial funds rescue methods more timely and more direct.Second, we must encourage the innovation of financial and monetary policy tools that directly reach the real economy. At present, many policy tools have not yet had a direct effect. Therefore, I feel that in this government work report, a special transfer payment in finance has a direct effect. Second,Financial innovation has a direct effect, and it provides space and platform for innovation through two blocks of future phased policy tools.In addition, we must also see that in terms of the mechanism and system, not only to solve the problem of survival, but also to solve the problem of the current deterioration of private enterprises ‘expectations and low confidence through the solution of development problems. This problem is precisely our economic cycle.The normalized concentration is also the key point that various capillaries can be broken through. Therefore, in the short term, we need some super-conventional innovative policy tools, and in the medium term, we need to reform the mechanism and system, which will create a good adjustment for future confidence and expectations.basis.Sauna, Ye Wang Pan Yichun Editor Chen Li proofreading Li Xiangling