The "Twelfth Five-Year Plan" clarifies the tasks of the capital market: deepening the market-oriented reform of the stock review system and exploring the establishment of an international board market, etc.
On the 16th, the Outline of the Twelfth Five-Year Plan for National Economic and Social Development (hereinafter referred to as the Outline) was officially released, clarifying that the income of residents is greater than 7%, the increase exceeds GDP, and the speed of economic growth and the quality and efficiency of the structure are unified. Moreover, the outline is positive for the capital market, and proposes a number of goals such as significantly increasing the proportion of direct financing, indicating the importance attached to the fundamental role of the capital market.
The full text of the outline is about 60,000 words, which is divided into 16 sections. Considering the future development trends and conditions, the main objectives of economic and social development in the next five years are determined, including 12 expectations and 12 binding indicators.
The outline proposes that during the “Twelfth Five-Year Plan†period, China’s GDP will grow at an average annual rate of 7%, urban employment will increase by 45 million, and urban registered unemployment rate will be controlled within 5%.
The outline also proposes quantitative targets in many aspects such as structural adjustment, improvement of science and education, resource conservation, environmental protection, and continuous improvement of people's lives.
Specifically, the household consumption rate increased, the added value of the service industry accounted for 4% of the GDP, the urbanization rate increased by 4%, and the nine-year compulsory education consolidation rate reached 93%. The amount of cultivated land in the country has remained at 1.818 billion mu. The water consumption per unit of industrial added value is reduced by 30%, and the effective utilization coefficient of agricultural irrigation water is increased to 0.53. Non-fossil energy accounts for 11.4% of primary energy consumption. The energy consumption per unit of GDP is reduced by 16%, and the carbon dioxide emissions per unit of GDP are reduced by 17%. The total discharge of major pollutants was significantly reduced, chemical oxygen demand and sulfur dioxide emissions were reduced by 8%, and ammonia nitrogen and nitrogen oxide emissions were reduced by 10%.
Regarding the capital market, the outline proposes to significantly increase the proportion of direct financing. We will deepen the market-oriented reform of the stock review system, standardize the development of the main board and small and medium-sized board market, promote the construction of the GEM market, expand the pilot of the agency share transfer system, accelerate the development of the over-the-counter market, and explore the establishment of an international board market. Actively develop the bond market, improve the issuance management system, promote the innovation and diversification of bond varieties, and steadily promote asset securitization. Promote the development of futures and financial derivatives markets. Promote the healthy development of venture capital and equity investment, and standardize the development of the private equity fund market.
The outline proposes to improve the dividend distribution system of listed companies and promote the overall listing of large state-owned enterprises.
According to industry insiders, this shows that the decision-making layer attaches great importance to the fundamental role of the capital market.
High-strength chemical nuts are made of high-strength steel, or nuts that require a large preload. High-strength nuts are mostly used for the connection of bridges, rails, high-voltage and ultra-high-voltage equipment.
Chemical Nut,Chemical Nuts,Stainless Steel Welding Wire,High-Strength Chemical Nuts
Jiangsu Jiajie Special Screw Co., Ltd , https://www.jiajienuts.com