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on september 26, the political bureau of the cpc central committee held a meeting to deploy economic work. the meeting pointed out: "we must seize key points, take the initiative, effectively implement existing policies, and step up efforts to launch incremental policies." echoing this, the state council information office held a press conference on september 24, where a package of major financial policies was released. in the past few days, as the media’s interpretation and analysis continued, a number of good news also brought about a strong reaction from the stock market. what do you think of the introduction of these policies? what role will this play in further supporting stable economic growth? "news 1+1" focuses on this issue: to boost the economy, a package of policies is released!

01

what messages do financial and economic policies convey?

zhu ning, vice president of shanghai advanced institute of finance:i think first of all, the launch of this package of policies exceeded market expectations, both in terms of the timing and intensity of the rollout. on the one hand, this approach may take into account the entire fed's interest rate cut and open a window for our policy space. at the same time, we have also seen that during this period, the growth of domestic asset prices and consumption does require more policy care. so from this perspective, i think the policy has indeed exceeded market expectations, and has also given more vitality to the entire market, stabilizing everyone's outlook and expectations for the future market.

02

how to understand the stabilization of the real estate market?

zhu ning, vice president of shanghai advanced institute of finance:i think this issue can be viewed from two different angles. first, we can see that real estate, as a relatively special asset class, has both consumer attributes for self-occupation and financial attributes for investment or speculation. i think this proposal to stop the decline and stabilize the market is to a large extent to stabilize the long-term expectations of our entire household and society for housing prices. second, i think the key to stopping the decline and regaining stability may be"stable"in words, we still hope that the long-term mechanism of real estate canstabilize the overall housing prices in our country, allowing everyone to value the residential properties of real estate more than its investment and speculation properties. while stabilizing prices, it can also stabilize our entire society's expectations for future housing prices.

03

where will all the money go?

the meeting of the political bureau of the cpc central committee also emphasized that efforts should be made to boost the capital market, vigorously guide medium and long-term funds to enter the market, and open up the blocking points for social security, insurance, financial management and other funds to enter the market.

zhu ning, vice president of shanghai advanced institute of finance:i think there may be two major aspects. one isreal economy, one isfinancial or capital markets. so from the perspective of the real economy, the first is some major investment directions that are most beneficial to the national economy and people's livelihood, and the second may be some areas with high production efficiency that can bring higher returns to investors. we have also seen that this policy pays special attention to supporting and helping small and medium-sized enterprises and small and micro enterprises, because small and medium-sized enterprises create a large number of job opportunities. the second aspect, i think, is also an important purpose of the policy, which is to stabilize the expectations of the capital market and the property market, guide some funds to help the development of the capital market and stabilize the property market.

04

the central financial office and the china securities regulatory commission issued blockbuster documents

how to promote medium and long-term funds to enter the market?

zhu ning, vice president of shanghai advanced institute of finance:first of all, for medium and long-term funds, we often refer tocorporate annuities, pensions and retirement benefitssome of our investment plans are particularly important to the people's livelihood of the entire country. therefore, the "guiding opinions" will help chinalong-term economic high-quality sustainable development. i believe that these documents can promote the long-term development of china's capital market and help chinese households use their personal accounts to plan for their future retirement and pension. they have made important contributions in these aspects.

(source: cctv news client)