宏观动态点评：央行宣布重磅政策，释放稳增长积极信号

Policy Changes - The central bank announced a reduction in the reserve requirement ratio by 0.5 percentage points, providing approximately 1 trillion yuan in long-term liquidity to the market[2] - Existing mortgage rates will be lowered by an average of 0.5 percentage points, aimed at alleviating the financial burden on homeowners and boosting market confidence[2] - New monetary policy tools will be created to support the stability of the stock market, enhancing the ability of securities, funds, and insurance companies to access capital[2] Market Context - The timing of the reserve requirement cut aligns with the recent 50 basis point rate cut by the Federal Reserve, easing pressure on the RMB/USD exchange rate[2] - The reduction in mortgage rates is a response to the widening interest rate gap between existing and new loans, as well as the narrowing net interest margins for banks[2] - The new policy measures are expected to channel more funds into key sectors such as technology innovation, advanced manufacturing, and green development[2]