三部委联合发声，国防军工领涨A股

Core Viewpoint - The Chinese government is implementing a series of financial policies to stabilize the market and support companies affected by tariff policies, enhancing regulatory flexibility in areas such as equity pledges and refinancing [2][5]. Group 1: Financial Policies Announced - The central bank announced ten policies, including a 0.5 percentage point reduction in the reserve requirement ratio, expected to provide approximately 1 trillion yuan in long-term liquidity [7]. - Additional measures include lowering policy rates by 0.1 percentage points and increasing the re-lending quota for technology innovation and technical transformation from 500 billion yuan to 800 billion yuan [7]. - The financial regulatory authority will introduce eight policies aimed at stabilizing the real estate market and supporting small and micro enterprises, including optimizing regulatory rules and expanding long-term investment by insurance funds [8]. Group 2: Market Reactions - Following the announcement of these policies, the A-share market opened significantly higher, with the Shanghai Composite Index rising by over 1% at the start [3]. - By midday, the Shanghai Composite Index closed at 3337 points, up 0.64%, with notable gains in sectors such as military, real estate, and banking [3]. - The Hong Kong market also showed positive movement, with the Hang Seng Index up 0.48% [4]. Group 3: Economic Resilience - The resilience of A-share listed companies is highlighted, with nearly 90% of their revenue coming from domestic sources, and a reported net profit growth of 3.6% in the first quarter [5]. - The central bank and regulatory authorities emphasize the importance of reliable economic development and macro policies to inject certainty into the market amid uncertainties [6].