事关降息降准、结构性政策工具！潘功胜发布三大类共10项政策

Core Viewpoint - The People's Bank of China announced a series of macro monetary policies aimed at enhancing liquidity and supporting economic growth through interest rate cuts and structural monetary policies [1][2]. Group 1: Quantity Policies - The first category includes quantity-type policies, such as a 0.5 percentage point reduction in the reserve requirement ratio, which is expected to provide approximately 1 trillion yuan in long-term liquidity to the market [3]. - The reserve requirement ratio for auto finance companies and financial leasing companies will be reduced from 5% to 0% [3]. Group 2: Price Policies - The policy interest rate will be lowered by 0.1 percentage points, reducing the 7-day reverse repurchase rate from 1.5% to 1.4%, which is anticipated to lead to a similar decrease in the Loan Prime Rate (LPR) [3]. - The structural monetary policy interest rate will be reduced by 0.25 percentage points, bringing it down from 1.75% to 1.5% [3]. - The personal housing provident fund loan interest rate will be lowered by 0.25 percentage points, with the rate for first-time homebuyers on loans over five years decreasing from 2.85% to 2.6% [3]. Group 3: Structural Policies - An additional 300 billion yuan will be allocated for technology innovation and technological transformation re-loans, increasing the total from 500 billion yuan to 800 billion yuan [3]. - A new 500 billion yuan re-loan for service consumption and elderly care will be established to encourage banks to increase credit support in these areas [4]. - The re-loan quota for agricultural and small enterprises will be increased by 300 billion yuan, complementing the reduction in re-loan rates to support lending to these sectors [4]. - The optimization of two capital market support monetary policy tools will merge the quotas for securities fund insurance company swaps and stock repurchase loans, resulting in a total quota of 800 billion yuan [4]. - A risk-sharing tool for technology innovation bonds will be created, allowing the central bank to provide low-cost re-loan funds to purchase these bonds, thereby supporting technology innovation enterprises and equity investment institutions [4].