2024年10月12日国新办新闻发布会学习体会：一揽子财政举措，多管齐下，助经济企稳回升

Group 1: Fiscal Policy Measures - The government plans to increase the annual issuance of government bonds by approximately CNY 2 trillion for three consecutive years[1] - A one-time debt relief scale is expected to exceed CNY 5 trillion, aimed at alleviating local government debt pressures[1] - The deficit rate for 2025 may be raised to around 4%[1] Group 2: Economic Support and Stability - The fiscal measures include issuing special government bonds to support state-owned banks in replenishing their core tier one capital, enhancing their risk resistance and lending capacity[1] - The government will utilize local government special bonds and tax policies to stabilize the real estate market[1] - There will be increased support for key groups to ensure basic living standards[1] Group 3: Economic Indicators and Trends - Public fiscal revenue fell by 2.6% year-on-year in the first eight months of 2024, indicating a potential shortfall of CNY 130 billion against budget targets[1] - Government fund revenue dropped by 21.1% year-on-year in the same period, suggesting a shortfall of approximately CNY 150 billion[1] - The core tier one capital adequacy ratio of major banks was reported at 10.74%, with some banks like Postal Savings Bank being close to regulatory limits[1] Group 4: Market Outlook - The policy environment is expected to support the stock market, with a focus on cyclical sectors and core technology growth stocks[1] - The upcoming economic data releases and quarterly reports are anticipated to influence market sentiment and risk appetite[1]