稳楼市、稳股市、护航外贸发展……金融监管总局“出招”！

Core Viewpoint - The Chinese government is implementing a comprehensive financial policy package to stabilize the market and manage expectations, focusing on real estate, stock markets, small and micro enterprises, and foreign trade support [1]. Group 1: Real Estate Market Support - The financial regulatory authority is enhancing the real estate financing coordination mechanism, with commercial banks approving loans amounting to 6.7 trillion yuan, supporting over 16 million housing units [2]. - In Q1, the real estate loan balance increased by over 750 billion yuan, with new personal housing loans reaching the largest quarterly increase since 2022, and housing rental loans growing by 28% year-on-year [2]. - Future efforts will include improving financing systems to match new real estate development models and ensuring stable financing for high-quality housing [2]. Group 2: Stock Market Stabilization - The financial regulatory authority is leveraging insurance funds as long-term capital to stabilize the stock market, having increased the investment limit for insurance funds in equity assets [3]. - Upcoming measures include expanding the long-term investment pilot for insurance funds by an additional 60 billion yuan and adjusting solvency regulations to encourage more stock market investments [3]. - A long-term assessment mechanism will be promoted to incentivize institutions for sustained investments [3]. Group 3: Support for Small and Micro Enterprises - A comprehensive policy package will be introduced to support financing for small and micro enterprises, focusing on increasing supply, reducing costs, improving efficiency, and creating a favorable environment [4]. - Efforts will include enhancing financing coordination, increasing the issuance of first loans and credit loans, and simplifying internal processes for faster loan approvals [4]. - The aim is to ensure that the growth rate of loans to small and micro enterprises exceeds the average growth rate of all loans [4]. Group 4: Foreign Trade Development Support - The financial regulatory authority plans to implement policies to support foreign trade development, expanding financing coordination to all foreign trade enterprises [5][6]. - Measures will include optimizing export credit insurance policies, enhancing export stability, and providing financing guarantees for foreign trade enterprises transitioning to domestic sales [6]. - The goal is to boost consumption and expand domestic demand while supporting the integration of domestic and foreign trade [6].