the release of several important financial policies sends multiple positive signals
2024-09-25
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on september 24, the state council information office held a press conference, at which relevant officials from the people's bank of china, the state financial supervision and administration, and the china securities regulatory commission introduced the relevant situation of financial support for high-quality economic development. at the same time, a series of major policies were announced, including lowering the reserve requirement ratio and policy interest rate, lowering the interest rate on existing mortgage loans, and creating new monetary policy tools to support the stable development of the stock market.
this was a press conference of great significance. the people's bank of china, the state financial supervision and administration bureau, the china securities regulatory commission and other financial regulatory authorities jointly launched a series of important financial policies, which injected strong confidence and vitality into the market.
the people's bank of china announced a 0.5 percentage point cut in the deposit reserve ratio, which will provide about 1 trillion yuan of long-term liquidity to the financial market. this is of great significance for alleviating the current market capital shortage and promoting stable economic growth. the reduction in the deposit reserve ratio means that banks have more funds available for lending, which will help improve the activity of the financial market and financing efficiency.
in the real estate market, the people's bank of china announced five favorable policy measures. these policies have injected a warm current into the real estate market, helped ease the financial pressure of real estate companies, and promoted the stable and healthy development of the real estate market. in the context of the current adjustment pressure faced by the real estate market, the introduction of these policies has provided strong support for the market.
in order to support the stable development of the stock market, the people's bank of china will create two structural monetary policy tools. this measure aims to provide more liquidity support for the stock market, stabilize market expectations, and enhance market confidence through the innovation of monetary policy tools. this is of great significance for maintaining the stable operation of the stock market and protecting the interests of investors.
it is worth noting that the china securities regulatory commission will further remove the pain points and bottlenecks of medium- and long-term funds entering the market and promote the entry of medium- and long-term funds into the market. to this end, the china securities regulatory commission and other relevant departments have formulated the "guiding opinions on promoting the entry of medium- and long-term funds into the market", which will be issued in the near future. the introduction of this policy will provide more "long money" for the capital market and help improve the market's stability and risk resistance.
the release of this series of major financial policies has sent multiple positive signals.
this shows the government's firm determination and strong willingness to support high-quality economic development through finance. under the current economic situation, finance, as the lifeblood of the national economy, cannot be ignored. the government has introduced a series of financial policies to provide the market with strong financial support and policy guarantees, which will help promote stable economic growth.
this reflects the government's concern and support for market players. whether it is real estate companies, stock market investors or small and medium-sized enterprises, they can find support measures suitable for themselves in these policies. this will help ease the capital pressure of market players and enhance their confidence and motivation for development.
the introduction of a series of major financial policies is the government's active exploration and attempt in financial innovation. by creating new monetary policy tools and promoting the entry of medium- and long-term funds into the market, the government is constantly expanding the breadth and depth of the financial market, injecting new vitality into the healthy development of the financial market.
of course, the introduction of policies is only the first step. the key lies in implementation and execution. we hope that governments at all levels and relevant departments can strengthen coordination and cooperation to ensure that these policies can be truly implemented and effective. at the same time, we also hope that market players can actively respond to the policy call, seize opportunities and accelerate development.
(author yu minghui)
