Monetary Policy Measures - The People's Bank of China has implemented a 0.5 percentage point reserve requirement ratio (RRR) cut, expected to inject approximately 1 trillion yuan into the market[2] - The 7-day reverse repurchase rate has been lowered by 0.1 percentage points, likely leading to a similar decrease in the Loan Prime Rate (LPR) by about 0.1 percentage points[2] - The personal housing provident fund loan interest rate has been reduced by 0.25 percentage points[2] Support for Capital Markets - A series of measures have been deployed to stabilize and activate capital markets, including enhancing the role of the Central Huijin Investment Ltd. as a stabilizing fund[2] - Efforts are being made to increase the scale and proportion of long-term funds entering the market, including the implementation of a high-quality development action plan for public funds[2] Technology Innovation Support - The government is enhancing support for technology innovation, including reforms to the Sci-Tech Innovation Board and the Growth Enterprise Market to improve institutional adaptability[3] - The issuance process for technology innovation bonds will be optimized, and banks are encouraged to establish specialized technology finance institutions[4] Real Estate Market Stability - New financing regulations will be introduced to support the real estate market, including measures for real estate development and personal housing loans[4] - Financial institutions are guided to maintain stable real estate financing to meet housing demand effectively[4] Trade and Export Support - Measures are being taken to assist enterprises affected by U.S. tariffs, including optimizing regulatory arrangements for equity pledges and refinancing[5] - Export credit insurance policies are being improved to enhance underwriting capacity and provide favorable rates to stabilize export confidence[5]
“一揽子金融政策支持稳市场稳预期”新闻发布会点评:降准降息落地,政策协同加强
Shanxi Securities·2025-05-07 13:35