Zheng Quan Shi Bao Wang·2025-05-13 06:55Group 1 - The People's Bank of China has lowered the interest rate of structural monetary policy tools by 0.25 percentage points, bringing the rate down to 1.5% [1] - Financial institutions are currently offering stock repurchase and increase loans at around 2%, which is below the average dividend yield of listed companies [1] - As of April 2025, listed companies have disclosed plans to apply for stock repurchase and increase loans amounting to over 110 billion yuan, with contracts signed for approximately 200 billion yuan [1] Group 2 - The central bank announced the merger of 500 billion yuan for securities, funds, and insurance company swap facilities with 300 billion yuan for stock repurchase and increase re-loans, totaling 800 billion yuan [2] - The reduction in the interest rate for structural monetary policy tools is expected to stimulate market participants to utilize loans for repurchase and increase, enhancing market capitalization management among listed companies [2] - The combined use of these two capital market tools is aimed at improving convenience and flexibility, better meeting the needs of different market participants, and increasing the efficiency of policy fund utilization [2]