诸策已备，待时而动：最新政策解读

Group 1: Macroeconomic Impact - The central bank's reduction of the reserve requirement ratio and interest rates is expected to provide over 1 trillion yuan in long-term liquidity to the financial market, enhancing credit demand and improving macro liquidity[1] - The policy adjustments are anticipated to support a 5% GDP growth target by facilitating social credit and financing needs[1] - The reduction in existing mortgage rates will save households over 150 billion yuan annually in interest payments, converting this into consumer spending power[1] Group 2: Stock Market Response - A-share market is expected to receive an initial influx of 800 billion yuan in new funds, significantly benefiting market liquidity and driving short-term rebounds[1] - The policy measures are designed to allow institutions to increase leverage and reduce market volatility caused by cash flow uncertainties[1] - The establishment of new policy tools signals strong support for the stock market, enhancing market expectations and risk appetite[1] Group 3: Real Estate Market Support - The down payment ratio for second homes has been lowered to 15%, stimulating demand from first-time buyers[1] - The extension of real estate financial policies and support for acquiring existing land from developers will stabilize market confidence and help halt the decline in property prices[1] - The overall risk appetite in the market has significantly improved due to clear policy signals aimed at stabilizing the financial market[1]