一揽子金融政策支持稳市场稳预期会议点评：降息降准落地，金融全方位发力

Monetary Policy Actions - The central bank has implemented a 50 basis points (BP) reserve requirement ratio (RRR) cut, releasing approximately 1 trillion yuan in long-term liquidity, reducing the average RRR from 6.6% to 6.2%[4] - The central bank has lowered the 7-day reverse repurchase rate by 10 BP, with expectations for subsequent reductions in the Loan Prime Rate (LPR) and deposit rates[4] - Structural monetary policy tools' rates and personal housing provident fund loan rates have been reduced by 25 BP, potentially saving banks 15-20 billion yuan annually and reducing residents' provident fund loan interest payments by over 20 billion yuan[4] Support for Key Sectors - The central bank has increased the re-lending quotas for agricultural and small business support by 300 billion yuan each, and established a 500 billion yuan re-lending quota for service consumption and elderly care sectors[4] - New financial policies aim to stabilize the real estate market by improving financing systems for real estate development and personal housing loans[5] - The China Securities Regulatory Commission (CSRC) is promoting long-term capital market investments and enhancing support for companies affected by tariffs, including optimizing regulatory arrangements for equity pledges and refinancing[8] Risk Considerations - There are concerns that U.S. tariff actions may elevate inflation expectations and increase the probability of an economic recession in the U.S.[9] - Domestic growth stabilization policies may fall short of expectations, posing risks to market stability[9]