Embracing the 'greatness of the country' and caring for the concerns of the people - A summary of the proposal for the People's Bank of China to handle the 'Two Sessions'
I respond to the call of the people
Over the past five years, the number of proposals undertaken by the People's Bank of China has increased by 11.74% annually, with a total of 3607, including 2348 proposals from the National People's Congress and deputies, and 1259 proposals from CPPCC members; For five consecutive years, it has maintained a 100% response completion rate and a 100% communication rate among representatives and members, and has been awarded the honorary title of "Advanced Undertaking Unit for Proposals" by the 13th National Committee of the Chinese People's Political Consultative Conference.
Absorbing public opinion and gathering wisdom from the people
Each proposal carries the urgent needs, thoughts, and expectations of the people, and embodies the sweat and wisdom of NPC deputies and CPPCC members. The People's Bank of China insists on treating proposal handling as an important channel for understanding the situation, promoting policies, and building consensus. It strives to solve a related problem and promote work in a certain field by handling a proposal. The relevant issues proposed by the organizer have been implemented or included in the plan.
Always concerned about the national economy and people's livelihood, fully supporting stable enterprises and employment. The sudden COVID-19 epidemic has had an impact on the economy and society, and delegates are generally concerned about it. The People's Bank of China resolutely implements the decisions and arrangements of the Party Central Committee and the State Council, adheres to the "one game" deployment of handling proposals and central work, leads relevant departments to successively release and implement more than 50 financial measures, and stages the introduction of 300 billion yuan, 500 billion yuan, and 1 trillion yuan of refinancing and discounting support for epidemic prevention and supply guarantee, resumption of work and production, innovatively launches two direct tools, the inclusive small and micro enterprise loan extension support tool and the inclusive small and micro enterprise credit loan support plan, takes the lead in designing the "three arrows" policy combination of credit, bonds, and equity, timely launches policy oriented development oriented financial support tools, creates special refinancing for transportation and logistics, scientific and technological innovation, inclusive elderly care, equipment renewal and renovation, etc., and maintains the "volume increase, scope expansion, and price reduction" of financing for small and micro enterprises. The positive trend helps stabilize the overall economic situation. At the end of 2022, the balance of inclusive small and micro loans was 23.8 trillion yuan, and the number of credit granted households exceeded 56 million, nearly three times and four times higher than at the end of 2017, respectively.
Always being concerned about enriching farmers and continuously improving financial services for agriculture, rural areas, and farmers. Consolidating the achievements of poverty alleviation, comprehensively promoting rural revitalization, and accelerating the construction of a strong agricultural country have been the focus of proposals and financial work in the past five years. The People's Bank of China regards the handling of proposal proposals as an important way to seek advice and advice from the people. Over the past five years, it has issued multiple policy documents such as the "Opinions on Consolidating and Expanding the Achievements of Poverty Alleviation through Financial Support and Comprehensively Promoting Rural Revitalization", implemented differentiated reserve requirement policies, increased support for agricultural and small loans and rediscounting, strengthened statistical monitoring and assessment of financial support for rural revitalization, promoted the construction of rural credit information service platforms, strengthened the popularization of rural financial knowledge and consumer rights protection, guided financial institutions to continuously improve their ability and level of serving rural revitalization, and supported the construction of an agricultural power.
Always practice green development and steadily promote the construction of a green financial system. "Optimize the green financial system and boost the high-quality development of the" double carbon "goal" is the key supervision proposal assigned by the National People's Congress to the People's Bank of China. On the basis of absorbing the opinions and suggestions of representatives and members, the People's Bank of China has formulated the "Green Finance Evaluation Plan for Banking and Financial Institutions" to guide financial institutions to increase their allocation of green assets. Create carbon reduction support tools and support special refinancing for clean and efficient utilization of coal, launch carbon finance products such as carbon neutral bonds and sustainable development linked bonds, promote the improvement of environmental information disclosure and carbon accounting standards for financial institutions, and promote green and low-carbon development. At present, the development of green finance markets such as green loans and green bonds in China is at an international leading level, and carbon reduction support tools will drive carbon reduction of over 100 million tons of carbon dioxide equivalent in 2022.
Always adhere to reform and opening up, and strive to promote the facilitation, quality and efficiency improvement of financial services in the Guangdong Hong Kong Macao Greater Bay Area. In recent years, the People's Bank of China has taken the lead in promoting financial reform and opening up in an orderly manner under the premise of safety and controllability. It has fully lifted restrictions on the proportion of foreign shares in banking, securities, funds, futures, personal insurance and other fields. In response to the concerns of Hong Kong and Macao representatives and members about the construction of the Guangdong Hong Kong Macao Greater Bay Area, a series of documents have been issued in conjunction with relevant departments to provide financial support for the construction of the Guangdong Hong Kong Macao Greater Bay Area, the Hengqin Guangdong Macao Deep Cooperation Zone, and the Qianhai Shenzhen Hong Kong Modern Service Industry Cooperation Zone. Multiple financial reform and innovation measures have been steadily introduced. Pilot the "Cross border Wealth Management Connect" service in the Guangdong Hong Kong Macao Greater Bay Area, expanding the channels for mainland and Hong Kong Macao residents in the Greater Bay Area to invest in each other's financial products. The Hong Kong resident agent witness account opening pilot was launched, and the Hong Kong and Macao version of "cloud flash payment", Alipay (Hong Kong) e-wallet and WeChat (Hong Kong) e-wallet were continuously expanded in Guangdong, Hong Kong and Macao, providing greater convenience for Hong Kong and Macao residents.
Concentrate our efforts, be pragmatic and diligent in our actions
The People's Bank of China has always taken the handling of proposals and suggestions as a political task and responsibility, which is highly valued by the bank's party committee, personally deployed by the bank's leaders, strictly monitored by the office, and assigned to the responsible department. Establish a sound working mechanism, standardize processing procedures through "one document, one lesson, one system", strictly review reply documents, and ensure processing quality. Strengthen inspection and supervision, establish a special ledger, and carry out full process "penetrating" supervision of reconciliation tables. Pay attention to proactive communication, adhere to the combination of "going out" and "inviting in", deeply communicate and fully consult with representatives and committee members, and achieve the transformation of handling work from "incoming and outgoing documents" to "incoming and outgoing people". Over the past five years, the People's Bank of China has had 1345 face-to-face or telephone communications with its representatives, and its open and honest attitude and practical methods have been fully recognized by the representatives.
The First Session of the 14th National People's Congress and the First Session of the 14th National Committee of the Chinese People's Political Consultative Conference are about to be held. The People's Bank of China will adhere to the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, continue to handle every proposal well, and strive to satisfy the representatives and members and reassure the people.
