CCTV News: A package of financial policies launched by the central bank, the Financial Management Bureau, and the China Securities Regulatory Commission has launched a package of "combination punches" in terms of total volume and "precise drip irrigation" in terms of structure. These financial policies are strong and accurate, demonstrating the determination to stabilize markets and expectations, and will greatly boost the confidence of China's economy and capital market.
A package of financial policy measures includes lowering the reserve requirement ratio, lowering interest rates for personal housing provident fund loans. Lowering the reserve requirement ratio will help improve the ability of commercial banks to support the real economy, and commercial banks have stronger lending capabilities to support residents' home purchases, consumption and corporate investment. The reduction of provident fund interest rates can reduce the pressure on residents' mortgage interest rates, which can not only boost residents' enthusiasm for buying houses, but also improve consumption capacity by reducing the burden of mortgages.
Professor of Beijing Normal University, Economics expert Wan Zhe: The first is to stabilize market confidence and expectations. Through the reduction of reserve requirement ratio and interest rate cuts, stock market support tools, real estate market bottoming, etc., the combination of policies directly alleviates market liquidity tension, boosts investors' risk appetite, and injects a booster into the market.
Stable the stock market and stabilize the real estate market and boost consumer investment intentions
The real estate and capital markets are directly related to China's economic growth, employment and residents' wealth. In order to stabilize the stock market, financial regulatory authorities will introduce a number of specific measures to continue to support the stable and active capital markets.
Director of Shanghai Financial and Development Laboratory Zeng Gang: Real estate and stocks are the main direction of wealth allocation for residents, and are also a barometer of social expectations and market confidence. Stabilizing the stock market and the real estate market will help stabilize residents' property, boost consumer investment willingness, and consolidate the foundation for the healthy operation of the financial market, so as to achieve the goals of stabilizing growth, stabilizing expectations and confidence.
The total amount of financial policies "water-release fish farming" structure "precise drip irrigation"
The package of financial policies not only "water-release fish farming" in the total amount, but also "precise drip irrigation" in the structure, increasing the re-loan amount of scientific and technological innovation and technological transformation from 500 billion yuan to 800 billion yuan, increasing the re-loan amount of agriculture and primary schools, and establishing a 500 billion yuan service consumption and pension re-loan, which not only "transmits oxygen" to science and technology and small and medium-sized enterprises, but also "ignites" the consumer market.
Chief Researcher of the China Union for the United Nations League Dong Ximiao: These policy measures are comprehensive, clear and accurate, with strong strength and targetedness, and send strong policy signals, which will help further boost confidence, stabilize expectations, better expand domestic demand, respond to external shocks, and promote high-quality economic development.