周报：重磅会议接连召开，增强市场信心

Group 1: Market Confidence and Policy Measures - Recent high-level meetings have enhanced market confidence, with significant discussions on implementing a package of incremental policies to boost economic growth[2] - The National Development and Reform Commission (NDRC) announced plans to advance a central budget investment plan of 100 billion yuan for next year, aimed at supporting infrastructure in the fourth quarter[2] - The Ministry of Finance indicated that it will increase the debt limit significantly to help local governments manage hidden debt risks, which is expected to be the largest support measure in recent years[5] Group 2: Economic Indicators and Market Reactions - As of October 12, the Shanghai Composite Index stood at 3217.7377, while the Shenzhen Component Index was at 10060.7393, reflecting market movements following policy announcements[2] - The 10-year government bond yield was reported at 2.14%, showing a slight decrease of 1 basis point since the end of September, indicating a stable bond market amid policy expectations[8] - The U.S. September CPI rose by 2.4%, slightly above expectations, which has tempered market expectations for rapid interest rate cuts by the Federal Reserve[8] Group 3: Future Outlook and Risks - The anticipated increase in government bond issuance is likely to create volatility in liquidity during the fourth quarter, with a potential for further reserve requirement ratio cuts to support liquidity[6] - The market is closely monitoring the implementation of incremental fiscal policies, which could significantly impact credit expansion and economic recovery[9] - Risks include potential geopolitical tensions and slower-than-expected domestic demand recovery, which could undermine the effectiveness of the proposed fiscal measures[9]