Good commercial credit economy can effectively promote the optimal allocation of credit market

As an important cornerstone of market economy, commercial credit plays an irreplaceable role in speeding up the construction of the national unified large market. In order to build an efficient and orderly market system, we must formulate national unified large market construction standards and guidelines to clarify the direction and goal of market development. In this process, it is particularly important to promote the unification of institutional rules in such aspects as property rights protection, market access, fair competition and social credit. In particular, the construction of commercial credit can not only enhance mutual trust between enterprises, reduce transaction costs, but also effectively promote the optimal allocation of market resources.
We will deepen trials for comprehensive reform of market-based allocation of factors of production. We will introduce administrative regulations on fair competition review, and improve regulations on key areas, emerging areas, and foreign-related fields. We will specifically address prominent problems such as local protection, market segmentation, and improper competition in attracting investment, and strengthen the regulation and management of the bidding market. Adhere to the law of supervision, strictly implement the responsibility of supervision, improve the accuracy and effectiveness of supervision, and resolutely maintain the market order of fair competition.
In order to further deepen the construction of the commercial credit system, we need to deepen the pilot reform of the comprehensive market-oriented allocation of factors, and explore a development path that is more in line with the laws of the market economy. By improving the publicity and sharing mechanism of commercial credit information, strengthening credit supervision and punishment for dishonesty, we can create a market environment based on integrity and fair competition. This will help enhance the overall competitiveness of the Chinese market and promote sustained and healthy economic development.