Economic Indicators - The Loan Prime Rate (LPR) has been reduced for the first time this year, with the 1-year LPR now at 3.0% (down from 3.1%) and the 5-year LPR at 3.5% (down from 3.6%) [8] - The People's Bank of China will conduct a 500 billion yuan Medium-term Lending Facility (MLF) operation on May 23, with a net injection of 375 billion yuan for the month [9] Real Estate Market - In April 2025, new residential sales prices in major cities remained stable or slightly decreased, with first-tier cities showing a mixed trend: Beijing and Shanghai increased by 0.1% and 0.5%, while Guangzhou and Shenzhen decreased by 0.2% and 0.1% respectively [10] - The second-hand residential sales prices in first-tier cities decreased by 0.2% in April, with notable declines in Beijing and Shenzhen [10] Market Performance - Major domestic indices experienced declines: Shanghai Composite Index down by 0.6%, Shenzhen Component Index down by 0.5%, and ChiNext Index down by 0.9% over the past week [22] - The year-to-date performance shows the Shenzhen Component Index down by 2.7% and the ChiNext Index down by 5.6% [23] Investment Opportunities - Key areas for investment in technology services include research and development, technology transfer, and enterprise incubation, which are expected to grow as the sector develops [17] - The demand for software development and application is increasing due to accelerated digital transformation across industries [20]
宏观策略周报：LPR迎来年内首降，央行开展5000亿元MLF操作
Yuan Da Xin Xi·2025-05-23 08:23