(Yicai) March 12 — The heads of China’s financial regulator, customs authority, and intellectual property regulator along with its culture and tourism minister have elaborated on crucial topics at the country’s two key annual policy-setting meetings.
How finance will serve the real economy, foreign trade, recovery in culture and tourism, and intellectual property protection were all discussed by the heads of ministries and administrations during a press conference yesterday.
China has solid foundations to withstand financial risk, noted Li Yunze, head of the National Administration of Financial Regulation.
The country is reviewing cutting the percentage of downpayment for passenger car loans, improving the pricing mechanism for new energy vehicle insurances, having more equity investment pilots by using financial asset investment firms as a platform to hike support for high-tech companies, raising investment in major national projects and facilities, promoting the implementation of…
