财政部新闻发布会点评：风向积极，值得乐观

Group 1: Fiscal Policy Measures - The Ministry of Finance plans to issue a fiscal deficit of CNY 4.06 trillion for 2024, with an additional local government special bond limit of CNY 3.9 trillion and the issuance of CNY 1 trillion in ultra-long special bonds[1] - The government aims to optimize tax and fee reduction policies to support technological innovation and manufacturing development[1] - There will be an emphasis on expanding domestic effective demand through disaster recovery funding and promoting large-scale equipment updates and consumer product exchanges[1] Group 2: Debt Management and Economic Support - The government will enhance local debt risk management by significantly increasing debt limits to help local governments address hidden debt issues[2] - Plans to issue special bonds to strengthen the capital base of state-owned banks, improving their risk resilience and credit expansion capabilities[2] - Measures will be taken to stabilize the real estate market, including the use of special bonds and tax incentives to prevent further declines in housing prices[2] Group 3: Market Impact and Outlook - The announcements from the press conference are expected to boost market sentiment and reduce the risk of significant short-term declines in the stock market[3] - The issuance of special bonds is likely to positively impact bank stocks, particularly those with stable dividends, and may provide recovery opportunities for the banking sector[4] - Support measures for the real estate market are seen as beneficial for underperforming real estate and related industry stocks, potentially providing a stabilizing effect[4]