Premier Li Qiang of the State Council presided over an executive meeting of the State Council on June 7 to study policy measures for promoting the high-quality development of venture capital, hear a report on the current real estate market situation and considerations for the next steps in building a new model for real estate development, deliberate and adopt the Guiding Opinions on Improving the Long-term Mechanism for Basic Medical Insurance Enrollment and the Provisions of the State Council on Implementing the Registered Capital Registration Management System of the Company Law of the People's Republic of China (Draft), and discuss the Public Health Emergency Response Law of the People's Republic of China (Draft).

The meeting noted that developing venture capital is an important measure for promoting a virtuous cycle among science and technology, industry, and finance. It is necessary to optimize support policies across the entire chain of "fundraising, investment, management, and exit," encourage insurance funds, social security funds, and others to make long-term investments, actively attract foreign venture capital funds, broaden exit channels, improve policies on mergers and acquisitions and restructuring, and foster a sound ecosystem that supports the development of venture capital. It is necessary to implement differentiated regulation tailored to the characteristics of venture capital, flesh out tax incentive policies, support the development of specialized institutions, and give full play to the role of venture capital in investing early, investing in small businesses, and investing in hard technology.

The meeting noted that the development of the real estate industry bears on the vital interests of the people and on the overall situation of economic operation and financial stability. It is necessary to fully recognize the new changes in the relationship between supply and demand in the real estate market, respond to the people's new expectations for quality housing, strive to ensure that already-issued policy measures are implemented and effective, and continue to study and reserve new policy measures for destocking and stabilizing the market. For work such as absorbing and revitalizing existing housing and land, it is necessary both to emancipate the mind and broaden thinking and to proceed prudently and steadily. It is necessary to accelerate the construction of a new model for real estate development, improve the "market + government-subsidized" housing supply system, and promote the steady and healthy development of the real estate market.

The meeting noted that China has built a basic medical insurance network covering the entire population, and it is necessary to continue optimizing the enrollment structure and improving enrollment quality. It is necessary to further relax and broaden household registration restrictions on enrollment, expand the scope of mutual assistance for personal accounts under employee medical insurance, establish incentive mechanisms for continuous enrollment and for zero reimbursement from the fund, set fixed waiting periods and variable waiting periods, improve medical insurance management and medical services, and effectively enhance the people's sense of gain from enrollment and the convenience of seeking medical care.

The meeting noted that improving the registered capital registration management system is necessary for implementing the requirements of the newly revised Company Law and optimizing the business environment. It is necessary to steadily advance the implementation of policies such as adjusting the capital contribution deadlines of existing companies, guide companies in standardizing shareholders' performance of capital contribution obligations in accordance with the law, optimize registration services, conduct effective policy publicity and interpretation, and continue to build a first-class business environment.

The meeting discussed and adopted in principle the Public Health Emergency Response Law of the People's Republic of China (Draft), and decided to submit the draft to the Standing Committee of the National People's Congress for deliberation.

The meeting also studied other matters.