“一揽子金融政策支持稳市场稳预期”解读：三类十项政策发布多措并举稳定市场预期

Policy Overview - The report outlines a comprehensive package of three categories and ten policy measures aimed at stabilizing market expectations and enhancing liquidity[1] - Key sectors benefiting from these policies include technology and consumption, which are prioritized for support and investment[1] Quantity Policies - A reduction in the reserve requirement ratio by 0.5 percentage points is expected to release approximately 1 trillion yuan in long-term liquidity into the market[6] - The reserve requirement ratio for auto finance and financial leasing companies will be lowered from 5% to 0%, targeting the struggling automotive sector[2] Price Policies - The policy interest rate will be reduced by 0.1 percentage points, lowering the 7-day reverse repurchase rate from 1.5% to 1.4%, which is anticipated to lead to a similar decrease in the Loan Prime Rate (LPR) by about 0.1 percentage points[6] - Structural monetary policy tool rates will be cut by 0.25 percentage points, including a reduction in the re-lending rate for small and agricultural enterprises from 1.75% to 1.5%[5] Structural Policies - An increase in the quota for technology innovation and technical transformation re-lending from 500 billion yuan to 800 billion yuan, supporting key sectors[5] - A new 500 billion yuan re-lending facility for service consumption and elderly care is established to encourage banks to increase credit support in these areas[5] Risk Considerations - Potential risks include the possibility that policy effects may not meet expectations and changes in the domestic economic landscape could exceed forecasts[4]