926政治局会议点评：“稳了”系列之政策稳了：更多增量政策确立“中国时刻”

Group 1: Economic Policy Insights - The Politburo meeting on September 26, 2024, was held earlier than usual, indicating a proactive approach to address economic challenges, with a focus on stabilizing the real estate market and boosting capital markets[1][3]. - The meeting emphasized the need for a comprehensive policy package to enhance residents' property income, with a strong focus on promoting consumption and improving livelihoods[1][3]. - The meeting highlighted the importance of fiscal policy over monetary policy, advocating for increased fiscal spending and a reduction in the reserve requirement ratio[1][3]. Group 2: Real Estate and Market Stability - For the first time, the meeting explicitly called for stabilizing the real estate market, suggesting adjustments to housing purchase policies and lowering existing mortgage rates[1][4]. - The focus on stabilizing the real estate sector reflects the government's commitment to economic stability, with a clear directive to enhance policy measures in this area[1][4]. - The shift from "boosting investor confidence" to "boosting the capital market" underscores the growing importance of the A-share market, with plans to facilitate long-term capital inflows[1][4]. Group 3: Consumer and Livelihood Support - The meeting prioritized stimulating consumption and improving living standards, proposing to enhance consumption structure and support new consumption models[1][5]. - Specific measures include improving employment support for low-income populations and ensuring the supply and price stability of essential goods[1][5]. - The emphasis on fiscal spending to support grassroots "three guarantees" (employment, basic living, and education) indicates a commitment to social welfare[1][5].