Beijing, October 2023 — Chinese Premier Li Qiang presided over a State Council executive meeting on Friday to discuss strategies for promoting the high-quality development of venture capital and to review the current state of the property market.
The meeting emphasized the crucial role of venture capital in driving innovation and supporting emerging industries. Officials deliberated on policies aimed at fostering a conducive environment for venture capital investments, which are essential for sustaining economic growth and technological advancement in China.
Addressing concerns in the property market, the council reviewed reports on its current situation and considered measures to ensure stable and healthy development. The discussions focused on balancing market supply and demand, preventing risks, and promoting long-term sustainability in the real estate sector.
In an effort to enhance public welfare, the meeting adopted guidelines for improving the long-term mechanism of basic medical insurance participation. These guidelines aim to expand coverage and improve the quality of healthcare services for residents across the country.
The council also approved draft rules on implementing the registered capital management system as part of the company law reforms. This move is expected to simplify the business registration process, encourage entrepreneurship, and improve the overall business environment in China.
Furthermore, a draft law on public health emergency response was discussed, highlighting the government’s commitment to strengthening its ability to manage and respond to health crises effectively. The proposed law seeks to improve coordination mechanisms and enhance preparedness for future public health emergencies.
The initiatives discussed during the meeting reflect China’s ongoing efforts to boost economic resilience, support innovation, and enhance public services amid evolving domestic and global challenges.
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State Council executive meeting: Premier Li briefed on property market
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