General Office of the State Council, Guiding Opinions on Financial Support for Adjusting, Transitioning and Upgrading the Economic Structure

2. Guiding and promoting the transition and adjustment of key sectors and industries. With respect to enterprises that rationally transfer their production capacity offshore, actively supporting and strengthening their cross-border investment and operational capabilities through means such as providing domestic security for foreign loans, foreign exchange and renminbi loans, bond financing and equity financing.

3. Integrating financial resources to support the development of micro and small enterprises.

4. Further developing consumer financing to promote improvements in consumption. Expanding the scope of the use of bank cards by urban and rural residents. Actively satisfying reasonable credit demand of resident households for the purchase of the first residential premises in which they will live themselves, large consumer durables and new consumer goods as well as reasonable credit demand of education, tourism and other such service consumption sectors. Gradually expanding the scope of pilot cities for consumer financing companies.

5. Accelerating the development of a multi-level capital market.

6. Further leveraging the security function of insurance.

7. Expanding the access of private capital into the financial industry.

8. Stringently guarding against financial risks.

Issued: July 1 2013

Main contents: The State Council's new opinions guide the orientation of China's financial markets:

(1) Continuing to implement stable and sound monetary policy, and reasonably maintaining the total money and credit supply. Comprehensively applying various monetary policy instrument combinations, such as quantity and price, fully leveraging the guiding function of the re-lending, rediscounting and differential deposit reserve dynamic adjustment mechanism and putting existing funds to better use and duly using incremental funds so as to accelerate the speed of fund turnover and enhance the efficiency of the use of funds.

2. Guiding and promoting the transition and adjustment of key sectors and industries. With respect to enterprises that rationally transfer their production capacity offshore, actively supporting and strengthening their cross-border investment and operational capabilities through means such as providing domestic security for foreign loans, foreign exchange and renminbi loans, bond financing and equity financing.

3. Integrating financial resources to support the development of micro and small enterprises.

4. Further developing consumer financing to promote improvements in consumption. Expanding the scope of the use of bank cards by urban and rural residents. Actively satisfying reasonable credit demand of resident households for the purchase of the first residential premises in which they will live themselves, large consumer durables and new consumer goods as well as reasonable credit demand of education, tourism and other such service consumption sectors. Gradually expanding the scope of pilot cities for consumer financing companies.

5. Accelerating the development of a multi-level capital market.

6. Further leveraging the security function of insurance.

7. Expanding the access of private capital into the financial industry.

8. Stringently guarding against financial risks.