Recently, China's capital market has been adjusted due to various factors. On March 16, the financial stability and Development Commission of the State Council held a special meeting to study the current economic situation and capital market problems. The meeting gave a clear response to the problems generally concerned by the market, such as macroeconomic operation, real estate enterprises, zhonggai shares, platform economic governance and the stability of Hong Kong's financial market, releasing a bright signal of "maintaining the economic operation within a reasonable range and the stable operation of the capital market". Face market concerns and answer hot issues one by one Insiders pointed out that the meeting directly faced the concerns of the market, and the five major issues studied were the hot topics most concerned by the market in the near future. Relevant responses will guide all parties to correctly understand and grasp the current situation we are facing, which is very important to restore market confidence. The meeting pointed out that with regard to macroeconomic operation, we must implement the decision-making and deployment of the Party Central Committee, earnestly invigorate the economy in the first quarter, actively respond to monetary policies, and maintain a moderate growth in new loans. What should we think and do about the problems faced by real estate enterprises? The meeting made it clear that we should timely study and put forward effective risk prevention and resolution response plans, and put forward supporting measures for the transformation to a new development model. Recently, China concept stocks have continued to decline, and there are many concerns in the market. "The Chinese government continues to support all kinds of enterprises to list abroad." While clarifying our attitude, the meeting also revealed the relevant progress of regulatory cooperation. "At present, the regulatory authorities of China and the United States have maintained good communication, have made positive progress, and are working to form a specific cooperation plan." Platform economic governance is also a matter of great concern to all parties. This meeting focused a lot on this topic and revealed many new trends worthy of attention: "relevant departments should improve the established plans in accordance with the principles of marketization, legalization and internationalization, adhere to seeking progress while maintaining stability, steadily promote and complete the rectification of large platform companies as soon as possible through standardized, transparent and predictable supervision, and set red and green lights to promote the steady and healthy development of platform economy and improve international competitiveness." With regard to the stability of Hong Kong's financial market, the meeting stressed that the regulatory authorities of the mainland and Hong Kong should strengthen communication and cooperation. "The meeting's response to issues related to platform economic governance, China concept shares and the stability of Hong Kong's financial market cleared up investors' Misunderstandings and concerns about Chinese stocks at home and abroad." Pang Ming, chief strategic analyst of Huaxing capital, said. Re emphasize the clear orientation of "adhering to economic construction as the center" China's economy is the foundation and foundation for the steady and healthy development of the capital market. In the face of the fact that the task of economic development is heavy, the challenges are severe and complex, how can we concentrate on running our own affairs? Following the central economic work conference in December last year, it was once again emphasized to "adhere to economic construction as the center". This special meeting of the financial committee once again clarified the focus and orientation of the current economic work and sent a signal of stabilizing market expectations and confidence. The meeting pointed out that under the current complex situation, the most critical thing is to adhere to development as the party's top priority in governing and rejuvenating the country, focus on economic construction, deepen reform and expand opening-up, adhere to the principles of marketization and rule of law, adhere to the "two unwavering", earnestly protect property rights, fully implement the spirit of the central economic work conference and the deployment of the national "two sessions", and coordinate epidemic prevention and control and economic and social development, Keep the economy running within a reasonable range and keep the capital market running smoothly. Since the beginning of the year, China's economy has continued to recover, the main indicators have remained within a reasonable range, and the quality of development has been steadily improved. However, there are many unstable and uncertain factors in the external environment, the recovery of the domestic economy is still uneven, and the production and operation of enterprises are more difficult. Efforts need to be made to consolidate the foundation for economic stabilization and improvement. Li Geping, general manager of CSC securities, believes that the special meeting of the financial committee once again emphasizes the importance of development principles such as "adhering to economic construction as the center", which helps to strengthen the market's expectations of stable growth policies and gather the consensus of focusing on economic development. "The central economic work conference held in December last year deployed a series of measures to stabilize growth. This year's government work report put forward the expected target of GDP growth of about 5.5%, which further requires macro policies to adhere to the principle of stability, seek progress while maintaining stability, maintain continuity and enhance effectiveness." Wen bin, chief researcher of China Minsheng Bank, said. The coordination of responsibility policies of all parties is expected to be further enhanced Economy and finance are closely linked and interact with each other. Corporate, industrial, regional and social governance issues may affect expectations, and then affect the financial system and capital market. How to form a virtuous circle of society, economy and finance is inseparable from the policy resultant force formed by relevant departments. For policies that may have a significant impact on the economic and financial field in the future, this special meeting of the finance committee gave a very clear direction. —— Relevant departments should earnestly assume their responsibilities, actively introduce policies conducive to the market and carefully introduce contractionary policies. —— We should respond to the hot issues concerned by the market in a timely manner. —— All policies that have a significant impact on the capital market should be coordinated with the financial management department in advance to maintain the stability and consistency of policy expectations. —— The financial commission of the State Council will strengthen coordination and communication according to the requirements of the Party Central Committee and the State Council, and hold accountable when necessary. …… According to Zhao Qingming, vice president of China Foreign Exchange Investment Research Institute, in the face of complex and changeable internal and external situations, it is very important for market players and investors to maintain stable and consistent policy expectations. The special meeting of the finance committee will face the key issues directly, give reassurance to all parties, and the policy coordination is expected to be further enhanced. It is noteworthy that after the special meeting of the financial commission was held, the people's Bank of China, China Banking and Insurance Regulatory Commission, China Securities Regulatory Commission, the State Administration of foreign exchange and other financial management departments successively issued a voice, saying that they would resolutely implement the spirit of the special meeting and stabilize market expectations. "Vigorously support small, medium-sized and micro enterprises, firmly support the development of the real economy, and keep the economy running within a reasonable range", "meet the reasonable financing needs of market subjects, increase financing supply, and maintain a moderate growth of new loans", "step up the implementation of new regulations on the supervision of overseas listing of enterprises, support all kinds of qualified enterprises to list abroad, and maintain smooth overseas listing channels"... Behind the intense policy signals, It is a firm determination to maintain the long-term trend of healthy economic development and jointly maintain the stable development of capital market. (Xinhua News Agency)