news

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

the amount of information is "overflowing". on september 24, the state council information office held a press conference on the financial support for high-quality economic development. pan gongsheng, governor of the people's bank of china, li yunze, director of the state financial regulatory administration, and wu qing, chairman of the china securities regulatory commission, made important statements, and more than ten major policies were announced.

this includes lowering the reserve requirement ratio, interest rates, existing mortgage rates and down payment ratios; creating new monetary policy tools to support the capital market; increasing core tier 1 capital for six large commercial banks; appropriately relaxing restrictions on the amount and ratio of equity investments in financial asset investment companies; supporting other qualified insurance institutions in setting up private securities investment funds; and issuing the "guiding opinions on promoting the entry of medium- and long-term funds into the market" and the "study and formulate six measures to promote mergers, acquisitions and restructuring".

after the policy was released, due to the favorable effects of the reduction of reserve requirement ratio, interest rate and existing mortgage rate, the bond market interest rate rose overall, the stock market rose actively, the real estate chain strengthened across the board, and the rmb exchange rate rose steadily. the policy played a significant role in boosting market confidence and stabilizing market expectations. according to comprehensive market analysis, with the gradual implementation of the policy and the continuous release of its effects, it is expected to effectively stimulate domestic demand and stabilize credit levels, and help the economy to recover steadily.

supporting a-shares, the policy impact is immediate

an unexpected reduction in reserve requirement ratio and interest rate is imminent, structural monetary policy tools will be created for the first time to support the capital market, existing mortgage loans will be reduced, and six measures will be introduced to promote mergers and acquisitions and restructuring. a package of policy combinations will be launched in an all-out effort to stabilize growth, boost confidence, and strongly support a-shares.

on the 24th, the three major a-share indices rose sharply. as of the close, the shanghai composite index rose 4.15%, the shenzhen component index rose 4.36%, and the chinext index rose 5.54%. the total market turnover was 974.4 billion yuan.