At present, overall, systemic risks are under control. But we must be fully alert to the buildup of risks, including risks related to non-performing assets, bond defaults, shadow banking, and Internet finance. We will take active and steady steps to advance the reform of the financial regulatory system, and work systematically to defuse major potential risks. We will ensure order in the financial sector and build a firewall against financial risks.

The fundamentals of the Chinese economy remain sound, the capital adequacy ratio and provision coverage of commercial banks remain high, and we have many financial tools and instruments that can be used. We have the confidence, the ability, and the means to forestall systemic risks.

深入推进国企国资改革。要以提高核心竞争力和资源配置效率为目标，形成有效制衡的公司法人治理结构、灵活高效的市场化经营机制。今年要基本完成公司制改革。深化混合所有制改革，在电力、石油、天然气、铁路、民航、电信、军工等领域迈出实质性步伐。抓好电力和石油天然气体制改革，开放竞争性业务。持续推进国有企业瘦身健体、提质增效，抓紧剥离办社会职能，解决历史遗留问题。推进国有资本投资、运营公司改革试点。改善和加强国有资产监管，确保资产保值增值，把人民的共同财富切实守护好、发展好。

We will deepen the reform of SOEs and state capital.We should develop a corporate governance structure (represented by legal person) that is under effective check and a flexible and efficient market-based operating system, with a view to increasing core competitiveness and making resource allocation more effective. This year we will basically complete the introduction of corporate systems into SOEs. We will deepen reform to establish mixed ownership systems, and make substantive progress in industries including electric power, petroleum, natural gas, railways, civil aviation, telecommunications, and defense.

We will advance structural reform in the power, oil and gas sectors and open their competitive operations to the private sector. We will do more to make SOEs leaner and healthier, and perform better; and we will redouble efforts to relieve SOEs of their obligations to operate social programs and help them resolve other longstanding issues. We will make progress in work on piloting reforms in state capital investment and management companies.

We will improve and strengthen regulation of state assets, and ensure that state assets maintain and increase their value, as we are duty bound to see that the common wealth of the people is well protected and grows.

更好激发非公有制经济活力。深入落实支持非公有制经济发展的政策措施。积极构建新型政商关系。鼓励非公有制企业参与国有企业改革。坚持权利平等、机会平等、规则平等，进一步放宽非公有制经济市场准入。凡法律法规未明确禁入的行业和领域，都要允许各类市场主体平等进入；凡向外资开放的行业和领域，都要向民间资本开放；凡影响市场公平竞争的不合理行为，都要坚决制止。

We will do more to energize the non-public sector.We will thoroughly implement the policies and measures for supporting the development of the non-public sector. We will work actively to develop a new relationship between government and business. We will encourage non-public enterprises to participate in SOE reforms. We must ensure equal rights, equal opportunities, and fair rules, and further expand market access to the non-public sector. All industries and sectors for which entry is not explicitly prohibited by laws or regulations should be open to different types of market entities; all industries and sectors that are open to overseas investment should be open to Chinese private capital; and all unjustified activities that impede fair market competition should be stopped.

加强产权保护制度建设。保护产权就是保护劳动、保护发明创造、保护和发展生产力。要加快完善产权保护制度，依法保障各种所有制经济组织和公民财产权，激励人们创业创新创富，激发和保护企业家精神，使企业家安心经营、放心投资。对于侵害企业和公民产权的行为，必须严肃查处、有错必纠。

We will improve the property rights protection system.Protecting property rights means protecting labor, protecting invention and innovation, and protecting and developing productive forces. We will work faster to improve the property rights protection system and protect in accordance with law the property rights of economic entities under all forms of ownership and the property rights of citizens. We will encourage people to start businesses, make innovations, and create wealth, and we will inspire and protect entrepreneurship, and ensure that entrepreneurs can run their businesses and make investments with peace of mind. Activities that infringe on the property rights of businesses and citizens must be investigated and dealt with severely; anything that has been done wrong must be corrected.

大力推进社会体制改革。深化收入分配制度配套改革。稳步推动养老保险制度改革，划转部分国有资本充实社保基金。深化医疗、医保、医药联动改革。全面推开公立医院综合改革，全部取消药品加成，协调推进医疗价格、人事薪酬、药品流通、医保支付方式等改革。深入推进教育、文化和事业单位等改革，把社会领域的巨大发展潜力充分释放出来。