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The General Office of the State Council issued the Opinions on Further Revitalizing Stock Assets and Expanding Effective Investment. The opinions put forward that, first, promote areas with heavy construction tasks, strong investment demand, large stock scale and good asset quality, actively revitalize stock assets, raise construction funds, and support new construction projects. Project construction, and firmly hold the bottom line of risk. The second is to promote areas with high local government debt ratios and greater pressure on fiscal revenue and expenditure balance to accelerate the revitalization of existing assets, steadily resolve local government debt risks, improve fiscal sustainability, and reasonably support the construction of new projects. The third is to focus on implementing major regional strategies such as the coordinated development of Beijing, Tianjin and Hebei, the development of the Yangtze River Economic Belt, the construction of the Guangdong-Hong Kong-Macao Greater Bay Area, the integrated development of the Yangtze River Delta, the ecological protection and high-quality development of the Yellow River Basin, and the promotion of the construction of the Hainan Free Trade Port. Relevant regions took the lead in increasing the vitality of stock assets, and gave full play to the role of demonstration and driving. (Securities Times)
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