中国宏观：政治局释放强劲增长信号，港股有望趁势而上

Economic Policy Signals - The Central Political Bureau emphasized the need for targeted and effective policies to achieve annual economic and social development goals[1] - The focus is on boosting domestic demand and consumption, with a particular emphasis on increasing residents' income and expectations[1] Monetary and Fiscal Policy Measures - The new monetary policy includes unprecedented measures such as reserve requirement ratio cuts and interest rate reductions to lower costs and increase income[2] - Fiscal policies will complement monetary measures, ensuring necessary government spending and issuing special bonds to stimulate consumption[2] Real Estate and Employment Stability - Policies will be implemented to stabilize the real estate market by controlling supply and optimizing existing resources[3] - Employment promotion has been elevated as a priority, focusing on key demographics such as recent graduates and migrant workers[5] Support for Private Enterprises - The government aims to support private enterprises to enhance job creation and economic stability[6] - New consumption models and foreign investment will be encouraged to expand employment opportunities[6] Market Outlook - The Hong Kong stock market is expected to benefit from improved liquidity and a series of supportive monetary policies, potentially leading to a rebound[7] - Historical data indicates that emerging markets, including Hong Kong, typically show greater resilience following the Federal Reserve's initial rate cuts[7]