Policy Changes - The People's Bank of China (PBOC) announced a reduction in the reserve requirement ratio by 0.5 percentage points, bringing the weighted average to approximately 6.6%[5] - The PBOC lowered the 7-day reverse repurchase rate from 1.70% to 1.50%, a decrease of 20 basis points[5] - A new monetary policy tool was introduced to support the stability of the stock market[5] Economic Indicators - From January to August 2023, profits of large-scale industrial enterprises totaled 4.65 trillion yuan, a year-on-year increase of 0.5%, but down 15.79% compared to the same period in 2022[14][16] - The inventory of finished goods in large-scale industrial enterprises rose by 5.2% year-on-year as of the end of August 2023, indicating a continued trend of replenishment[14] Market Reactions - Major A-share indices saw significant increases, with the Shanghai Composite Index rising by 12.81% and the Shenzhen Component Index increasing by 17.83%[40] - The 2-year government bond futures fell by 0.09%, while the 30-year futures dropped by 3.85%[40] International Developments - The central banks of Sweden and Switzerland both reduced their policy rates by 25 basis points, with Sweden's rate now at 3.25% and Switzerland's at 1.00%[8][18] Commodity Prices - The wholesale price of pork decreased to 26.13 yuan/kg, while vegetable prices increased slightly to 6.46 yuan/kg[24] - The Baltic Dry Index (BDI) rose to 2110 points, indicating an upward trend in shipping costs[32]
宏观周报：国内多项重大利好政策落地 市场交易回暖物价有望回升
Guo Xin Qi Huo·2024-09-30 01:30