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 was presided over by Liu He, member of the Political Bureau of the CPC Central Committee, vice premier of the State Council and director of the finance committee, and comrades in charge of relevant departments attended the meeting. The meeting pointed out that under the current complex situation, the most critical thing is to adhere to the principle that development is the first priority for the party to govern and revitalize 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, and fully implement the spirit of the central economic work conference and the deployment of the national "two sessions", We will 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. Relevant issues were studied at the meeting. 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. With regard to real estate enterprises, we should timely study and put forward effective risk prevention and resolution solutions, and put forward supporting measures for the transformation to a new development model. With regard to China concept shares, 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. The Chinese government continues to support all kinds of enterprises to list abroad. With regard to the governance of platform economy, relevant departments should improve the established plan in accordance with the principles of marketization, legalization and internationalization, adhere to seeking progress in stability, steadily promote and complete the rectification of large platform companies as soon as possible through standardized, transparent and predictable supervision, and set up red and green lights to promote the steady and healthy development of platform economy and improve international competitiveness. We should strengthen cooperation between Hong Kong and the mainland on financial market stability. The meeting stressed that relevant departments should earnestly assume their responsibilities, actively introduce policies conducive to the market and prudently 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. Financial institutions must proceed from the overall situation and firmly support the development of the real economy. Long term institutional investors are welcome to increase their shareholding ratio. All parties must deeply understand the great significance of the "two establishment", resolutely achieve the "two maintenance", maintain the long-term trend of China's healthy economic development, and jointly maintain the stable development of the capital market. (Xinhua News Agency)