Defuyi property

The Central Committee of the Communist Party of China's Decision on Several Issues of Perfecting the Socialist Market Economic System

(Adopted at the Third Plenary Session of the 16th Central Committee of the Communist Party of China (CPC) on 200314 October)

In order to implement the strategic plan of establishing and improving the socialist market economic system and a more dynamic and open economic system put forward by the 16th National Congress of the Communist Party of China, deepen the reform of the economic system and promote the all-round development of the economy and society, the Third Plenary Session of the 16th Central Committee discussed several major issues of perfecting the socialist market economic system and made the following decisions.

First, the situation and tasks faced by China's economic system reform

(1) The importance and urgency of deepening economic system reform. Since the Third Plenary Session of the Eleventh Central Committee began the reform and opening up, the 14th National Congress has set the goal of the reform of the socialist market economic system and the relevant decisions made by the Third Plenary Session of the 14th Central Committee, and China's economic system reform has made great progress in theory and practice. The socialist market economic system has been initially established, the basic economic system with public ownership as the mainstay and multiple ownership economies developing together has been established, and an all-round, wide-ranging and multi-level opening-up pattern has basically taken shape. The deepening of reform has greatly promoted the improvement of social productive forces, comprehensive national strength and people's living standards, and enabled China to withstand severe tests such as international economic and financial turmoil, serious domestic natural disasters and major epidemics. At the same time, there are also problems such as unreasonable economic structure, unreasonable distribution relationship, slow growth of farmers' income, prominent employment contradiction, increased pressure on resources and environment, and weak overall economic competitiveness. The important reason is that China is in the primary stage of socialism, the economic system is not perfect, and the development of productive forces still faces many institutional obstacles. In order to adapt to the international environment of economic globalization and accelerated scientific and technological progress and the new situation of building a well-off society in an all-round way, we must speed up reform, further emancipate and develop productive forces, and inject strong impetus into economic development and all-round social progress.

(2) the goal and task of perfecting the socialist market economic system. In accordance with the requirements of coordinating urban and rural development, regional development, economic and social development, harmonious development between man and nature, domestic development and opening to the outside world, we will give greater play to the basic role of the market in resource allocation, enhance the vitality and competitiveness of enterprises, improve national macro-control, improve the government's social management and public service functions, and provide a strong institutional guarantee for building a well-off society in an all-round way. The main tasks are: to improve the basic economic system with public ownership as the main body and multiple ownership economies developing together; Establish a system conducive to gradually changing the dual economic structure between urban and rural areas; Form a mechanism to promote the coordinated development of regional economy; Build a unified, open, competitive and orderly modern market system; Improve the macro-control system, administrative management system and economic and legal system; Improve the employment, income distribution and social security system; Establish a mechanism to promote sustainable economic and social development.

(3) the guiding ideology and principles of deepening economic system reform. Under the guidance of Deng Xiaoping Theory and Theory of Three Represents, we should implement the Party's basic line, program and experience, fully implement the spirit of the 16th National Congress, emancipate our minds, seek truth from facts and keep pace with the times. Adhere to the reform direction of socialist market economy and pay attention to system construction and system innovation. Adhere to respect for the initiative of the masses and give full play to the enthusiasm of the central and local governments. Insist on correctly handling the relationship between reform, development and stability, and promote reform in a focused and step-by-step manner. Adhere to overall consideration and coordinate various interests in the process of reform. Adhere to people-oriented, establish a comprehensive, coordinated and sustainable development concept, and promote the all-round development of economy, society and people.

Second, further consolidate and develop the public sector of the economy and encourage, support and guide the development of the non-public sector of the economy.

(4) Various effective forms to realize public ownership. Adhere to the dominant position of public ownership and give play to the leading role of state-owned economy. Actively promote various effective forms of public ownership and accelerate the layout and structural adjustment of the state-owned economy. It is necessary to adapt to the trend of economic marketization, further enhance the vitality of the public ownership economy, vigorously develop the mixed ownership economy of state capital, collective capital and non-public capital, realize the diversification of investment subjects, and make the shareholding system the main form of public ownership. Enterprises that need state-owned capital holding should implement absolute holding or relative holding according to different situations. Improve the rational flow mechanism of state-owned capital, further promote more state-owned capital to invest in important industries and key areas related to national security and the lifeline of the national economy, and enhance the control of the state-owned economy. State-owned enterprises in other industries and fields, through asset reorganization and structural adjustment, survive the fittest in fair competition in the market. Develop large companies and enterprise groups with international competitiveness. Continue to liberalize and invigorate state-owned small and medium-sized enterprises. Deepen the reform of collective enterprises focusing on clarifying property rights and develop various forms of collective economy.

(5) Vigorously develop and actively guide the non-public economy. Non-public economy such as individual and private enterprises is an important force to promote the development of social productive forces in China. Clean up and revise laws, regulations and policies that restrict the development of the non-public economy and eliminate institutional obstacles. Relax market access and allow non-public capital to enter industries and fields that are not prohibited by laws and regulations such as infrastructure and public utilities. Non-public enterprises enjoy the same treatment as other enterprises in investment and financing, taxation, land use and foreign trade. Support the development of small and medium-sized non-public enterprises and encourage qualified enterprises to become stronger and bigger. Non-public enterprises should operate according to law, pay taxes according to regulations, and protect the legitimate rights and interests of employees. Improve the service and supervision of non-public enterprises.

(6) Establish and improve the modern property right system. Property right is the core and main content of ownership, including property right, creditor's right, stock right and intellectual property right. Establishing a modern property right system with clear ownership, clear rights and responsibilities, strict protection and smooth circulation is conducive to maintaining public property rights and consolidating the dominant position of the public economy; Conducive to protecting private property rights and promoting the development of non-public economy; It is conducive to the flow and reorganization of all kinds of capital and promotes the development of mixed ownership economy; It is conducive to enhancing the motivation of enterprises and the public for entrepreneurial innovation and forming a good credit foundation and market order. This is an inherent requirement for perfecting the basic economic system and an important foundation for building a modern enterprise system. It is necessary to protect all kinds of property rights in accordance with the law, improve the rules and supervision system of property rights transactions, promote the orderly circulation of property rights, and ensure the equal legal status and development rights of various market entities.

Third, improve the management system of state-owned assets and deepen the reform of state-owned enterprises.

(seven) establish and improve the management and supervision system of state-owned assets. Adhere to the separation between the government's public management function and the state-owned assets investor function. State-owned assets management institutions shall perform the investor's duties on the state-owned capital authorized to be supervised according to law, safeguard the owner's rights and interests, safeguard the rights enjoyed by enterprises as market entities according to law, urge enterprises to maintain and increase the value of state-owned capital, and prevent the loss of state-owned assets. Establish a state-owned capital operating budget system and an enterprise operating performance evaluation system. Actively explore effective forms of supervision and management of state-owned assets and improve the authorized management system. Establish and improve the supervision system for state-owned financial assets, non-operating assets and natural resources assets.

(8) Improve the corporate governance structure. According to the requirements of modern enterprise system, standardize the rights and responsibilities of shareholders' meeting, board of directors, board of supervisors and managers, and improve the appointment system of enterprise leaders. The shareholders' meeting decides the members of the board of directors and the board of supervisors, and the board of directors chooses the managers, who use human rights to form a check and balance mechanism among the power institutions, decision-making institutions, supervision institutions and managers. Party organizations in enterprises should play a political core role, adapt to the requirements of corporate governance structure, improve the way of playing their roles, support the shareholders' meeting, the board of directors, the board of supervisors and managers to exercise their functions and powers according to law, and participate in the decision-making on major issues of enterprises. It is necessary to adhere to the principle of the party managing cadres and combine it with the market-oriented mechanism of selecting and appointing enterprise managers. The central and local party committees should strengthen and improve the management of leading bodies of important state-owned key enterprises. Rely on the masses of workers wholeheartedly, explore effective ways of democratic management of workers under the modern enterprise system, and safeguard the legitimate rights and interests of workers. Continue to promote the transformation of enterprise management mechanism, deepen the reform of labor, employment, personnel and income distribution system, divert surplus personnel, separate government from enterprise, and create a good environment for enterprise reform and development.

(9) Accelerate and improve the reform of monopoly industries. We should relax the market access of monopoly industries and introduce competition mechanism. Conditional enterprises should actively promote the diversification of investment subjects. We will continue to promote and improve the reform and restructuring of telecommunications, electric power, civil aviation and other industries. Accelerate the reform of railways, postal services and urban public utilities, and separate government from enterprise, government from capital, and government from enterprise. Natural monopoly business should be effectively supervised.

Fourth, deepen rural reform and improve the rural economic system.

(10) Improve the rural land system. Household contract management of land is the core of rural basic management system. Stabilize and constantly improve the two-tier management system based on household contract management and combining unification and separation, and protect farmers' land contract management rights according to law. During the contract period, farmers can transfer the contracted management right of land legally, voluntarily and with compensation, improve the transfer mode, and gradually develop moderate scale operation. Implement the strictest farmland protection system to ensure national food security. According to the principle of protecting farmers' rights and controlling the scale of land acquisition, we will reform the land acquisition system and improve the land acquisition procedures. Strictly define public welfare and operational construction land, and land requisition must conform to the overall land use planning and use control, and give farmers reasonable compensation in time.

(1 1) Improve agricultural socialized services, agricultural products markets and agricultural support and protection systems. Rural collective economic organizations should promote institutional innovation and enhance their service functions. Support farmers to develop various forms of rural professional cooperative organizations in accordance with the principles of voluntariness and democracy. Encourage industrial and commercial enterprises to invest in the development of agricultural products processing and marketing, actively promote agricultural industrialization, and form an industrial chain integrating scientific research, production, processing and sales. Deepen the reform of agricultural science and technology extension system and supply and marketing cooperatives, and form an agricultural socialized service system with extensive participation of social forces. Improve the market system of agricultural products, liberalize the grain purchase market, and change the indirect subsidies in the circulation link into a direct subsidy to farmers, so as to effectively protect the interests of grain farmers. We will increase the state's support and protection for agriculture and increase financial input at all levels in agriculture and rural areas. Strengthen the construction of comprehensive grain production capacity. Improve the poverty alleviation and development mechanism. The newly-increased public expenditure on education, health and culture is mainly used in rural areas. Explore the establishment of a policy-based agricultural insurance system.

(12) Deepen the reform of rural taxes and fees. Rural tax and fee reform is an important measure to reduce farmers' burden and deepen rural reform. We will improve the pilot policy of rural tax and fee reform, abolish taxes on special agricultural products, and accelerate the comprehensive reform of county and township institutions and the rural compulsory education system. On the basis of completing the pilot work, gradually reduce the agricultural tax rate and effectively reduce the burden on farmers.

(13) Improve the employment environment of rural surplus labor. The two-way flow of rural surplus labor force between urban and rural areas is an important way to increase farmers' income and promote urbanization. Establish and improve the rural labor force training mechanism, promote the reform and adjustment of township enterprises, vigorously develop the county economy, actively expand rural employment space, cancel the restrictive regulations on farmers' employment in cities, and create more employment opportunities for farmers. Gradually unify the urban and rural labor market, strengthen guidance and management, and form a system of equal employment for urban and rural workers. Deepen the reform of the household registration system, improve the management of floating population, and guide the smooth and orderly transfer of rural surplus labor. Accelerate the process of urbanization, and the agricultural population with stable jobs and residences in cities can register their household registration in their places of employment or residence according to local regulations, and enjoy the rights and obligations of local residents according to law.

Five, improve the market system, standardize the market order

(14) Accelerate the construction of a unified national market. Strengthening the unity of the market is an important task in building a modern market system. Vigorously promote the market opening to the outside world, accelerate the marketization of factor prices, develop modern circulation methods such as e-commerce, chain operation, logistics and distribution, and promote the free flow and full competition of goods and various factors throughout the country. Abolish all kinds of market segmentation regulations that hinder fair competition, set up administrative barriers and exclude foreign products and services, and break industry monopoly and regional blockade. Actively develop independent, fair and standardized professional market intermediary service institutions, and standardize and develop various self-regulatory organizations such as industry associations and chambers of commerce in accordance with the principle of marketization. Improve the market supervision system combining administrative law enforcement, industry self-discipline, public opinion supervision and mass participation, improve the product quality supervision mechanism, crack down on illegal acts such as counterfeiting and commercial fraud, and maintain and improve the market order.

(15) Vigorously develop factor markets such as capital. Actively promote the reform, opening up and stable development of the capital market and expand direct financing. Establish a multi-level capital market system, improve the capital market structure, and enrich the capital market products. Standardize and develop the main board market, and promote venture capital and growth enterprise market construction. Actively expand the bond market, improve and standardize the issuance procedures, and expand the scale of corporate bond issuance. Vigorously develop institutional investors and broaden the channels for compliance funds to enter the market. Establish a unified and interconnected securities market and improve the trading, registration and settlement systems. Accelerate the development of factor markets such as land, technology and labor. Standardize the development of property rights transactions. Actively develop the property, life insurance and reinsurance markets. Develop the futures market steadily.

(16) Establish and improve the social credit system. The formation of a social credit system supported by morality, based on property rights and guaranteed by law is a necessary condition for building a modern market system and a fundamental solution for standardizing the market economic order. To enhance the credit awareness of the whole society, the government, enterprises, institutions and individuals should take honesty and trustworthiness as the basic code of conduct. In accordance with the direction of improving laws and regulations, franchising, commercial operation and professional service, we will speed up the construction of credit service system for enterprises and individuals. Establish credit supervision and disciplinary system for dishonesty. Gradually open the credit service market.

Intransitive verbs continue to improve macro-control and accelerate the transformation of government functions.

(17) Improve the national macro-control system. We will further improve the macro-control system in which the state plans, fiscal policies and monetary policies cooperate with each other. The clear macro-control objectives and overall requirements of the state plan are the main basis for formulating fiscal and monetary policies. Fiscal policy should play an important role in promoting economic growth, optimizing structure and adjusting income, and improve the effective implementation mode of fiscal policy. Monetary policy should play an important role in maintaining the stability of currency value and the balance of total amount, and improve the transmission mechanism of monetary policy. Pay attention to the influence of aging population and other factors on social supply and demand. Improve the statistical system, improve the economic operation monitoring system, strengthen the functional complementarity and information sharing of various macro-control departments, and improve the level of macro-control.

(18) Transform the government's economic management functions. Deepen the reform of the administrative examination and approval system, and effectively transfer the government's economic management function to mainly serve the market players and create a good development environment. Strengthen the research and formulation of medium-and long-term plans for national economic and social development, put forward major strategies, basic tasks and industrial policies for development, promote the all-round development of national economy and society, and realize the coordination between economic growth and population, resources and environment. Strengthen the coordination and guidance of regional development, actively promote the development of the western region, give play to the comprehensive advantages of the central region, support the central and western regions to accelerate reform and development, revitalize the old industrial bases such as the northeast region, and encourage the eastern regions with conditions to take the lead in basically realizing modernization. Improve the scientific, democratic and standardized decision-making procedures for major economic and social issues of the government, make full use of social intellectual resources and modern information technology, and enhance transparency and public participation.

(19) Deepen the reform of the investment system. Further establish the status of enterprises as the main investors, and implement the principle of who invests, who makes decisions, who benefits and who bears risks. The state only examines and approves major projects, government investment projects and restricted projects that are related to economic security, affect environmental resources and involve the overall layout. Other projects are changed from the examination and approval system to the filing system, and investors make their own decisions and go through the licensing procedures for land use, resources, environmental protection and safety according to law. For projects that must be examined and approved, it is necessary to rationally divide the central and local authorities, expand the investment decision-making power of large enterprise groups, improve the consultation and demonstration system, reduce links and improve efficiency. Improve the government's investment decision-making and project legal person restraint mechanism. The state mainly guides the direction of social investment through planning and policy guidance, information release and standardized market access, and suppresses disorderly competition and blind duplication of construction.

Seven, improve the fiscal and taxation system, deepen financial reform.

(20) implement tax reform step by step. In accordance with the principles of simple tax system, broad tax base, low tax rate and strict collection and management, the tax system reform will be steadily promoted. Reform the export tax rebate system. Unify the tax system of various enterprises. Value-added tax is changed from production to consumption, and equipment investment is included in the scope of value-added tax deduction. Improve the consumption tax and appropriately expand the tax base. Improve personal income tax and implement a personal income tax system that combines comprehensiveness and classification. We will implement the reform of taxes and fees for urban construction, levy a unified and standardized property tax on real estate when conditions permit, and cancel relevant fees accordingly. Under the premise of unified tax administration, local governments should be given appropriate tax administration power. Create conditions to gradually realize the unification of urban and rural tax systems.

(2 1) Promote the reform of the financial management system. Improve the public financial system and clarify the financial expenditure responsibilities of governments at all levels. Further improve the transfer payment system and increase financial support for the central and western regions and ethnic minority areas. Deepen the reform of departmental budgets, centralized treasury receipts and payments, government procurement and revenue and expenditure management. Clean up and standardize administrative fees, and whatever can be included in the budget should be included in the budget management. Reform the budget preparation system, improve the balance mechanism between budget preparation and implementation, and strengthen audit supervision. Establish a budget performance evaluation system. Implement comprehensive budget management and effective monitoring of contingent liabilities. Strengthen the examination and supervision of people's congresses at all levels on the government budget at the corresponding level.

(22) Deepen the reform of financial enterprises. Commercial banks, securities companies, insurance companies and trust and investment companies should become modern financial enterprises with sufficient capital, strict internal control, safe operation, good service and good benefits. Select qualified state-owned commercial banks to implement shareholding system reform, speed up the disposal of non-performing assets, enrich capital and create conditions for listing. Deepen the reform of policy banks. Improve the operating mechanism of financial asset management companies. Encourage social funds to participate in the restructuring and transformation of small and medium-sized financial institutions. On the premise of strengthening supervision and maintaining sufficient capital, we will steadily develop financial enterprises of various ownership systems. Improve the rural financial service system, and the state gives appropriate policy support. Through the pilot experience, rural credit cooperatives will be gradually transformed into local financial enterprises serving rural communities.

(23) Improve the financial control mechanism. Steadily promote the marketization of interest rates, establish and improve the interest rate formation mechanism determined by market supply and demand, and the central bank uses monetary policy tools to guide market interest rates. Improve the RMB exchange rate formation mechanism and keep the RMB exchange rate basically stable at a reasonable and balanced level. On the premise of effectively preventing risks, we will selectively and step by step relax the restrictions on cross-border capital transactions and gradually realize capital account convertibility. Establish and improve a unified, efficient and safe payment and settlement system. Improve the financial supervision of the central bank, establish and improve the mechanism of organic combination and coordinated development of money market, capital market and insurance market, maintain the overall stability of financial operation and financial market, and prevent systemic risks.

(24) Improve the financial supervision system. Maintain open, fair and orderly competition in the financial market according to law, effectively prevent and resolve financial risks, and protect the legitimate rights and interests of depositors, investors and the insured. Improve the financial risk monitoring, early warning and disposal mechanism, and strictly implement the market withdrawal system according to law. Strengthening financial supervision is a means to prevent and combat financial crimes. Enhance the transparency of regulatory information and accept social supervision. Handle the relationship between supervision and support for financial innovation, and encourage financial enterprises to explore effective financial management methods. Establish and improve the coordination mechanism among banking, securities and insurance regulatory agencies and with the central bank and financial departments to improve the level of financial supervision.

8. Deepen the reform of the foreign-related economic system and comprehensively improve the level of opening up.

(twenty-five) improve the institutional guarantee for opening up. In accordance with the requirements of market economy and WTO rules, accelerate the process of domestic and foreign trade integration. Form a stable and transparent foreign-related economic management system, create a fair and predictable legal environment, and ensure the autonomy and equal status of all kinds of enterprises in foreign economic and trade activities. Manage foreign-related economic activities according to law, strengthen service and supervision functions, and further improve the freedom and convenience of trade and investment. Establish and improve the foreign trade operation monitoring system and the international balance of payments early warning mechanism to safeguard national economic security.

(26) Give full play to the role of foreign investment. Seize the great opportunity of the new round of global optimization and reorganization of production factors and industrial transfer, expand the scale of foreign capital utilization and improve the level of foreign capital utilization. Combine the adjustment and upgrading of domestic industrial structure, introduce more advanced technologies, management experience and high-quality talents, and pay attention to the digestion, absorption and innovation of imported technologies. Continue to develop processing trade, strive to attract multinational companies to transfer processing and manufacturing links and R&D institutions with higher technical level and greater added value to China, and guide the transformation and upgrading of processing trade. We will further improve the investment environment, broaden the investment fields, attract foreign investment and accelerate the expansion to areas that are qualified and in line with national industrial policies, and strive to form a number of economic growth zones with intensive foreign investment, integration of domestic and foreign investment and strong driving force.

Others, too many words, allowed by the system department. Go to the website of Xinhua News Agency.