昨天，发生了哪些财经大事？ 中国版平准基金横空出世 稳市打出组合拳 4月8日，多部委联合发布政策稳定资本市场，"中国版平准基金"发声。中央汇金投资有限 责任公司有关负责人表示，将继续发挥好资本市场"稳定器"作用，有效平抑市场异常波 动，该出手时将果断出手。下一步将坚定增持各类市场风格的ETF，加大增持力度，均衡增 持结构。汇金公司具有充分信心、足够能力，坚决维护资本市场平稳运行。 据了解，汇金公司参与维护资本市场稳定主要有三方面"底气"。一是资产实力雄厚。作为 国有金融资本受托管理机构，汇金公司经营稳健，资产负债表健康。二是现金流充足稳定。 汇金公司每年获得稳定的现金分红，可动用的自有资金规模较大。三是融资渠道畅通高效。 经过多年发展，汇金公司已建立起覆盖短中长期限、成熟稳定的市场融资渠道，还可获得中 国人民银行流动性支持。 苹果市值4天蒸发超5万亿元！ 当地时间4月8日，美股冲高回落，三大指数集体收跌，纳指收跌2.15%，盘中一度涨超 4%；道指收跌0.84%，自盘中高点狂泻超2000点；标普500指数收跌1.57%。 热门个股方面，苹果跌近5%， 市值一夜蒸发约1400亿美元，近4个交易日蒸发近7800亿 ...

// 热点聚焦 // 1、力挺资本市场，多方发声！ 中央汇金称将持续加大增持ETF规模和力度，并首次提出类"平准基金"定位。央行同步宣布，将通过再贷款向汇金提供充 足资金支持。同时，金融监管总局上调保险公司权益投资比例，加大对资本市场和实体经济的支持力度。国务院国资委亦表态称，将全力支持推动中央企 业及其控股上市公司主动作为，不断加大增持回购力度。另据全国社会保障基金理事会消息，全国社会保障基金理事会近日已主动增持国内股票，近期将 继续增持。 2、 受多重利好影响，周二A股全面反弹。农业股集体爆发，乳业、零售等消费股拉升，中字头个股走强。上证指数收涨1.58%报3145.55点，深证成指涨 0.64%，创业板指涨1.83%，北证50涨4.82%；市场全天成交1.65万亿元，上日为1.62万亿元。 港股亦强势拉升，恒生指数收涨1.51%报20127.68点，恒生 科技指数涨3.79%，恒生国企指数涨2.31%；大市成交4331.57亿港元。 3、4月7日-8日，资本市场迎来回购增持潮。 超百家上市公司密集发布回购、重要股东增持公告，提振市场信心。其中，多家公司推出数十亿元规模的回 购计划。值得注意的是，包括20 ...

每经编辑 胡玲 王晓波 ↓ 今日有2299亿元7天期逆回购到期 2 中国1至3月社会融资规模等数据1 3 欧盟成员国计划于4月9日投票表》 25%钢铝关税的反制措施 4 白宫高级官员表示，对等关税将引 12:01生效 5 中证指数公司:将于4月9日发布F 指数等3条指数 1 隔夜市场 美股冲高回落，三大指数集体收跌，纳指跌2.15%，道指跌0.84%，标普500指数跌1.57%录得四连跌，道指盘中最高涨近4%，一度从高位跌超2300点；纳 指、标普500指数盘中一度涨超4%；苹果、特斯拉跌近5%，亚马逊跌超2%，谷歌、英伟达跌超1%；芯片股走低，英特尔跌超7%，超威半导体跌超6%。纳 斯达克中国金龙指数跌5.05%，中概股普遍下挫，爱奇艺跌超12%，理想汽车跌8%，小鹏汽车跌超7%，蔚来、阿里巴巴、拼多多跌超6%，哔哩哔哩跌超 4%，百度跌超3%，京东跌超2%。 富时A50中国指数期货夜盘收跌1.59%，报12320点。 离岸人民币兑美元跌829个基点，报7.4278。 国际油价大幅下跌，美油5月合约跌4.07%，报58.23美元/桶；布油6月合约跌4.11%，报61.57美元/桶。 黄金小幅上涨，现货黄金涨 ...

Core Viewpoint - The article discusses the recent actions taken by state-owned enterprises and financial institutions in China to stabilize the stock market through stock repurchases and increased holdings, marking a significant intervention in the capital market [12][16][20]. Group 1: Actions by State-Owned Enterprises - On April 8, China Guoxin announced plans to purchase A-share stocks and ETFs through a "special loan for stock repurchase and increase," followed by similar announcements from China Chengtong and China Electronics [13][16]. - These state-owned enterprises, including China Guoxin and China Chengtong, are under the supervision of the State-owned Assets Supervision and Administration Commission (SASAC) and have significant assets, with China Guoxin's total assets reaching 980 billion yuan by the end of 2024 [15][16]. - The collective actions of these enterprises represent a new mission for the "national team" in the capital market, indicating a shift towards using special loans for broader market support [16][18]. Group 2: Central Bank and Financial Institutions' Role - The People's Bank of China (PBOC) has established a new funding channel to support the national team's market stabilization efforts, providing low-interest loans for stock repurchases [17][20]. - Central Huijin Investment Company, a key player in maintaining market stability, has committed to increasing its investments in stock market index funds, with the PBOC pledging to provide sufficient loan support as needed [20][21]. - The announcement of these measures has led to a collective response from various financial institutions, including the National Social Security Fund, which has also begun to increase its domestic stock holdings [22][23]. Group 3: Market Impact and Future Expectations - The coordinated efforts of state-owned enterprises and financial institutions are seen as a rare and significant response to stabilize the market, with nearly 30 state-owned enterprises announcing repurchase or increase plans [26][27]. - The article emphasizes the importance of maintaining market confidence, suggesting that a stable stock market can enhance household wealth and stimulate domestic consumption [28][31]. - Analysts view the recent actions as a potential precursor to a more structured "stabilization fund" that could be used to mitigate market volatility in the future [32][36].

信心比黄金更重要！ 展望后市，券商机构认为，中国股票市场具备较多有利条件，包括地缘叙事和科技叙事的变化，以及中国 资产本身的估值优势和宏观政策发力的空间，中国资产相比全球股市更具韧性。 汇金公司明确了自己是资本市场上的"国家队"，发挥着类"平准基金"作用。央行表示，必要时向汇金公司 提供充足的再贷款支持。 汇金公司有关负责人就2025年4月7日公告答记者问表示，将继续发挥好资本市场"稳定器"作用，有效平 抑市场异常波动，该出手时将果断出手；下一步，汇金公司将坚定增持各类市场风格的ETF，加大增持力 度，均衡增持结构；汇金公司具有充分信心、足够能力，坚决维护资本市场平稳运行。 重磅政策出台、类"平准基金"发力、"国家队"行动、地方国资出手、险资发声、上市公司掀起增持回购 潮……关键时刻，多方力量正在形成合力，坚决维护中国资本市场稳定运行。 受一系列利好举措刺激，4月8日A股三大指数强势反攻，截至收盘，沪指涨1.58%，深成指涨0.64%，创 业板指涨1.83%。港股亦明显回暖，恒生指数收涨1.51%，恒生科技指数收涨3.79%。 瑞银估计，在2025年期间，除了"国家队"（包括汇金公司、中国证金及国家外汇管理局 ...

来源：凤凰K说联盟 4月8日，市场一扫此前暴跌的阴霾，迎来极致的反转。 美股三大指数集体高开，道指涨3.47%，纳指涨3.72%，标普500指数涨3.26%。科技股、芯片股反弹，博通涨逾9%，英伟达涨超6%，特斯拉、亚马逊、美 光科技、Meta涨逾5%，台积电、甲骨文涨逾4%，苹果、谷歌、微软涨约3%。 纳斯达克中国金龙指数盘初上涨2.5%，台积电涨3.5%，阿里巴巴涨2.6%，京东涨近5%，百胜中国涨4.2%，百度、携程涨超2%。 在特朗普掀起的"关税风暴"之下，市场愈发担心美国经济陷入衰退，华尔街交易员们正在大幅提高对美联储降息的预期，甚至还加码押注美联储将实施紧 急降息。 互换合约显示，美联储在下周提前降息的概率达到40%。从日程表来看，美联储下一次议息会议要等到5月6日—7日进行。美联储上一次启动紧急降息还需 要追溯至新冠疫情期间美股市场全线崩盘。 随着美国总统特朗普的关税政策争议不断升级，他所在的共和党中也出现了越来越多对他的反对声音。 此外，本周在美国参议院中，一份旨在限制特朗普单方面征收关税权力的法案已经获得了七名共和党参议员的支持。同时在美国众议院中，也有共和党议 员准备出台类似法案。不过令人 ...

中国台湾平准基金决定支持股市。 ...

Core Viewpoint - The A-share market is experiencing a rebound following a significant drop, supported by various government and institutional measures aimed at stabilizing the market and boosting investor confidence [1][4][12]. Group 1: Government and Institutional Support - Multiple government agencies, including the central bank and state-owned enterprises, have expressed their commitment to maintaining market stability through increased investments in stocks and ETFs [1][4][12]. - The Central Huijin Investment Company has reaffirmed its role as a "national team" in the capital market, indicating plans to increase its holdings in ETFs to stabilize the market [3][4]. - The People's Bank of China has pledged to support the Central Huijin's efforts by providing sufficient re-lending support when necessary, further enhancing market stability [4]. Group 2: Insurance Capital Influx - The National Financial Regulatory Administration has announced an increase in the investment ratio of insurance funds in the stock market, potentially bringing in an additional 1.66 trillion yuan to the capital market [6][8]. - Major insurance companies, including China Life and China Pacific Insurance, have committed to increasing their investments in the A-share market [7][8]. Group 3: Corporate Buybacks and Investments - Over 30 listed companies announced share buyback plans on April 8, demonstrating confidence in their future prospects and aiming to bolster market sentiment [10][11]. - Notable companies like Ningde Times and Haier Smart Home have also disclosed significant buyback plans, further contributing to market stability [11]. Group 4: Market Outlook and Sentiment - Analysts from various firms, including China Galaxy Securities and CICC, have expressed a generally optimistic outlook for the A-share market, citing its relatively low valuation compared to global markets [13][14]. - Despite short-term volatility due to external factors like tariffs, the long-term potential for foreign capital inflow into the Chinese market remains strong, supported by favorable domestic policies [2][14].

Core Viewpoint - The Chinese government is actively implementing measures to stabilize the A-share market in response to the impact of "reciprocal tariffs," with the establishment of a domestic version of a stabilization fund to alleviate market concerns and boost investor confidence [1][2][3]. Group 1: Government Actions - Central Huijin Investment announced its continued support for the A-share market by increasing its holdings in exchange-traded funds (ETFs), emphasizing the long-term development prospects of China's capital market [1]. - The People's Bank of China and Central Huijin confirmed their roles in stabilizing the capital market, with the central bank ready to provide sufficient re-lending support if necessary [1][2]. - The Financial Regulatory Administration adjusted the regulatory ratios for insurance funds, increasing the upper limit for equity asset allocation and relaxing requirements for tax-deferred pension investments, thereby expanding the investment space for equity capital [1]. Group 2: Policy Measures and Economic Outlook - A macro policy analyst compared the current situation to 2022, suggesting that the government has a range of policy tools available to support the stock market, including monetary easing and fiscal measures [2][3]. - The anticipated macro policy reserves include monetary policies such as reserve requirement ratio cuts, structural interest rate reductions, and innovative monetary policy tools to support consumption and foreign trade [2]. - Fiscal policies may involve accelerating the issuance of government bonds, expanding the scope of "old for new" policies, and promoting tax reforms to stimulate economic growth [2][3]. Group 3: Market Reactions and Economic Implications - The market showed increased trading activity, with significant transaction volumes in the CSI 500 ETF and CSI 1000 ETF, indicating heightened investor engagement [1]. - The potential impact of the "reciprocal tariffs" could lead to a decline in overall demand, necessitating further fiscal measures to counteract the economic slowdown [4][6]. - Recommendations for short-term actions include enhancing counter-cyclical macroeconomic adjustments to stabilize growth and expanding consumer spending through targeted subsidies and support for the real estate market [5][6].

Market Performance - On April 8, A-shares saw a collective rise in the three major indices, with the Shanghai Composite Index up by 1.58%, the Shenzhen Component Index up by 0.64%, the ChiNext Index up by 1.83%, and the Northbound 50 Index up by 4.82% [1] - The total trading volume in the Shanghai and Shenzhen markets was approximately 1,625.643 billion yuan, an increase of about 37.844 billion yuan compared to the previous trading day [1] - Over 3,200 stocks in the market experienced gains [1] Sector Performance - Among the 31 first-level industry indices of Shenwan, 23 indices rose while 8 indices fell [1] - The top-performing sectors included Agriculture, Forestry, Animal Husbandry, and Fishery (up 7.81%), Retail (up 3.44%), Food and Beverage (up 3.37%), and Coal (up 3.31%) [1] - The sectors with the largest declines were Electronics (down 1.69%), Automotive (down 1.63%), and Communications (down 0.93%) [1] Policy Support - Multiple government departments released policies to jointly stabilize the capital market, including statements from the Central Huijin Investment Ltd. and the People's Bank of China [1] - Central Huijin emphasized its role as a "national team" in the capital market, acting similarly to a "stabilization fund" [1] - The People's Bank of China indicated it would provide sufficient re-lending support to Central Huijin when necessary [1] State-Owned Enterprises and Social Security Fund - The State-owned Assets Supervision and Administration Commission (SASAC) announced its commitment to support central enterprises and their listed companies in increasing share buybacks to enhance shareholder value [2] - The National Social Security Fund Council expressed its long-term investment strategy and commitment to increasing domestic stock holdings [2] - Major insurance companies and local state-owned platforms have also voiced their support for the capital market, with many leading listed companies announcing buyback and increase plans [2] Economic Outlook - The Chief Economist of Bank of China, Guan Tao, stated that the joint policy release by multiple ministries reflects a strong commitment to supporting the Chinese economy and capital market [3] - This initiative is seen as a significant step in the construction of a stabilization mechanism for the Chinese capital market [3]