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“一揽子金融政策”稳信心 恒友汇《全球指引》看好中国资产长期价值
Cai Fu Zai Xian·2025-05-09 00:14

Group 1 - The global economy is facing uncertainty, with fragmentation and trade tensions disrupting supply chains and weakening growth momentum [1][2] - China's financial decision-makers have introduced a comprehensive "10+8+3" financial policy package to stabilize the market and provide clear guidance for investors [1][4] - The policy aims to inject liquidity into the capital market and support the allocation of Chinese assets, reflecting a strong commitment to counter market uncertainties [1][4] Group 2 - The People's Bank of China has lowered the reserve requirement ratio by 0.5 percentage points, releasing approximately 1 trillion yuan in long-term liquidity to ensure reasonable liquidity levels [2][3] - Interest rate cuts are expected to alleviate financing burdens for the real economy, with the five-year mortgage rate dropping to 2.6% [2][3] - Structural policies are directing financial resources to key sectors, including an increase in re-lending quotas for technology innovation and support for agriculture and small enterprises [3][7] Group 3 - The macroeconomic data since 2025 shows positive trends, with stable growth in social financing and loans, and a low financing cost environment [3][6] - The capital market is exhibiting resilience, with the stock market performing steadily and the RMB appreciating slightly [3][6] - The recent financial policies are expected to boost investor confidence and support the long-term value of Chinese assets, particularly in the A-share market [5][8] Group 4 - The "Global Guide" report emphasizes the importance of aligning with market trends and highlights the favorable conditions for re-evaluating and allocating Chinese assets [4][6] - The report suggests a priority allocation strategy favoring equities (mainly Chinese A-shares), followed by gold and bonds, indicating a shift in investment focus [6][7] - The combination of policy support and market dynamics is reshaping the growth logic of Chinese assets, making them increasingly attractive to investors [7][8]