博时市场点评1月23日：两市横盘拉锯，三大指数收涨

Group 1: Economic Policy and Market Impact - The Ministry of Civil Affairs and the Ministry of Finance announced a new subsidy program for elderly individuals with moderate to severe disabilities, effective from January 1, 2026, aimed at boosting consumption in the elderly care sector [1] - The People's Bank of China (PBOC) will continue to implement a moderately loose monetary policy, indicating that there is still room for interest rate cuts and reserve requirement ratio reductions [2][8] - The PBOC announced a 900 billion yuan medium-term lending facility (MLF) operation to maintain liquidity in the banking system, resulting in a net injection of 700 billion yuan [2][9] Group 2: Investment and Sectoral Focus - The first batch of 936 billion yuan in special long-term bonds has been allocated to support large-scale equipment upgrades across various sectors, expected to drive total investment exceeding 460 billion yuan [9] - The focus on "two new" sectors (new technologies and new industries) aims to stabilize investment and promote industrial upgrades and improvements in people's livelihoods [9] Group 3: Market Performance - On January 23, the A-share market saw all three major indices rise, with the Shanghai Composite Index closing at 4136.16 points, up 0.33% [10] - The market turnover reached 31,183.59 billion yuan, indicating increased trading activity compared to the previous day [11] - The balance of margin financing and securities lending rose to 27,249.13 billion yuan, reflecting a positive sentiment in the market [11]