降息降准！稳市场稳预期都有哪些增量政策？央行、金融监管总局、证监会这么说

Core Viewpoint - The Chinese government is implementing a comprehensive set of financial policies to stabilize the market and manage expectations amid global economic uncertainties, focusing on monetary easing and structural support for various sectors [2][4]. Monetary Policy Measures - The People's Bank of China (PBOC) has introduced ten specific monetary policy measures, including a 0.5 percentage point reduction in the reserve requirement ratio, expected to provide approximately 1 trillion yuan in long-term liquidity [5]. - The PBOC will lower the policy interest rate by 0.1 percentage points, which is anticipated to lead to a similar decrease in the Loan Prime Rate (LPR) [6]. - A total of 8,000 billion yuan will be allocated for technology innovation and consumption support through various refinancing tools [6][7]. Financial Market Stability - The financial system remains robust, with a decrease in the non-performing loan ratio by approximately 0.1 percentage points and an increase in the provision coverage ratio by about 10 percentage points [8]. - The real estate market is showing signs of recovery, with a significant increase in housing loans, reflecting a growing confidence among international investors in China's real estate sector [9]. Capital Market Support - The China Securities Regulatory Commission (CSRC) emphasizes the importance of stabilizing the capital market while enhancing its vitality, with plans to introduce measures to support long-term investments [19][20]. - The CSRC will implement reforms to improve the adaptability of the capital market, including the introduction of new policies for the Science and Technology Innovation Board and the Growth Enterprise Market [20]. Investor Confidence - The current market conditions are supported by strong government leadership and a comprehensive policy framework, which enhances investor confidence in the stability and growth potential of the Chinese economy [21][22]. - The valuation levels of the A-share market are considered relatively low compared to global indices, increasing the attractiveness of Chinese assets amid global uncertainties [21].