The Central Committee of the Communist Party of China and the State Council issued the “Opinions on Accelerating the Construction of a National Unified Market” on Sunday (10th). The article emphasizes that the supervision of the capital market will be intensified, and the safety bottom line of preventing systemic financial risks will be established.
According to the official Xinhua News Agency, the full text of the “opinions” contains eight directions and a total of 30 measures to comprehensively promote the “transition from large to strong” in China’s domestic market.
The Opinions mentioned 8 directions, in addition to the general requirements, including strengthening the unification of basic market systems and rules, promoting high-standard connectivity of market facilities, creating a unified market for factors and resources, promoting high-level unification of commodity and service markets, promoting fair and unifying market supervision, Further standardize improper market competition and market intervention, and organize and implement safeguards.
According to the “opinions”, a unified large market refers to the establishment of a market across the country with unified basic systems and rules, high-standard connectivity of market facilities, unified factor and resource markets, as well as commodity and service markets. At the same time, market supervision should be A large market that is fair and unified, and where improper market competition and market intervention are further regulated.
Local experts believe that the proposal to build a unified national market proposed this time requires “destruction and establishment”, with one hand focusing on “establishment” and clarifying the goals and tasks of establishing regulations and institutions; Practices contrary to the single market, such as competitive conduct.
The opinions pointed out that the unification of the unified market is not uniform, but on the premise of maintaining a unified national market, combined with the implementation of major regional strategies and regional coordinated development strategies, giving priority to the construction of regional market integration.
Guo Liyan, director of the Comprehensive Situation Research Office of the China Academy of Macroeconomics, believes that areas such as the integration of Beijing, Tianjin and Hebei, the Yangtze River Delta, the Greater Bay Area, and the Chengdu-Chongqing economic circle, etc., have already There are a series of accumulated experiences and practices in promoting the regional integration of the market. Through the construction of these regional models, it also provides a good and favorable support for the unified large market of the country.
