招商基金研究部首席经济学家李湛：增量财政政策空间有望在三季度打开

Core Viewpoint - The chief economist of China Merchants Fund, Li Zhan, indicates that the incremental fiscal policy space is expected to open up in the third quarter, following a series of macroeconomic policies aimed at stabilizing the market and economy after the Politburo meeting in April [1] Group 1 - The recent press conference by the State Council Information Office marks the beginning of a series of macroeconomic policies to stabilize the market and economy [1] - The initial market reaction to the press conference was focused on the unexpected "double cut" by the central bank [1] - Li Zhan emphasizes that the true stability of the economy and market relies on the coordination of monetary and fiscal policies, especially in light of the emerging tariff impacts [1] Group 2 - It is anticipated that a comprehensive financial policy package will continue to be implemented in the second quarter [1] - The opening of incremental fiscal space in the third quarter is expected to follow the ongoing implementation of these financial policies [1]