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on the evening of september 26, the research department of citic securities published an article on the company’s official weibo that swept the screen. the title only had one word: qian. citic securities said in a report that china red once again exaggerated the entire market. on september 26, the september politburo meeting rarely analyzed the economic situation, the lifeline of the country, involving policies in many fields such as finance, currency, capital market, employment, and private economy. at the opening in the afternoon, the market rose across the board. all 30 citic first-level industries rose, almost all individual stocks rose, and the daily limit of 100 stocks was exceeded! it is confidence and the return of xinqi'er. the shanghai composite index broke through 3,000 points from more than 2,700 points in just 3 trading days. trading volume once again exceeded one trillion yuan, hitting a new high in the past five months. the major a-share market indexes all rose by more than 6% this week, with the shanghai composite 50 index rising by 11.86% this week.

the research department of citic securities also interpreted the key points of this political bureau meeting. the main points are as follows:

according to previous policy rules, the september politburo meeting usually rarely discusses the economy, but this meeting focuses on analyzing the economic situation, which may reflect the importance of decision-makers on increasing macro-control and strengthening counter-cyclical adjustments.

the focus of subsequent fiscal policies may be tilted towards benefiting people's livelihood and promoting consumption at the margin. helping low- and middle-income groups and boosting the trend of consumption upgrading may be the focus. the shift in the focus of fiscal expenditures will help improve the efficiency of fiscal stabilization of growth.

the meeting proposed that "the deposit reserve ratio must be lowered and an aggressive interest rate cut be implemented," and monetary policy easing may be stepped up.

the meeting called for promoting the real estate market to stop falling and stabilize, which will logically help reduce the drag on residents' consumption willingness by factors such as falling housing prices and existing mortgage loans. however, considering that the adjustment of the real estate market has a certain inertia, it remains to be seen when the policy will take effect.

the meeting emphasized efforts to boost the capital market. in addition to the six m&a and market value management guidelines that have been implemented before, it is recommended to continue to pay attention to the upcoming "guiding opinions on promoting medium and long-term funds to enter the market" and other documents, and continue to improve the "1+n" policy of the capital market. .

"overcoming difficulties" in the short term resonates with "promoting development" in the long term, and the development environment for private enterprises is expected to be further optimized.

in terms of employment stabilization policies, it is expected that the employment public service system and the employment support system for key groups such as college graduates will be further improved to better respond to the challenges facing the current job market.

we must work hard and unite as one to fully stimulate the enthusiasm, initiative and creativity of the whole society to promote high-quality development.