会议提出要创设新的结构性货币政策工具，重点支持科技创新、扩大消费、稳定外贸等领域，设立服务 消费和养老再贷款。在上述重点支持领域，部分已有结构性货币政策工具覆盖，有些领域尚需创设新工 具。已有的科技创新再贷款、科技创新和技术改造再贷款、普惠养老专项再贷款均属于阶段性工具，预 计央行会通过展期、扩大额度、降低利率、优化再贷款发放条件等方式加大对金融机构的资金支持力 度。 结构性货币政策工具以正向激励的市场化方式，引导金融机构将信贷资源更多投向经济重点领域和薄弱 环节。相比之下，政策性金融工具既属于货币金融政策的组成，也兼具财政政策特征。此次会议强调要 加强超常规逆周期调节，而政策性金融工具有望发挥逆周期调节的作用，进一步强化财政、货币政策在 科技创新、稳定外贸等领域的协调配合。 千磨万击还坚劲，任尔东西南北风。面对外部环境的不确定性，我国将以"咬定青山不放松"的战略定力 聚焦高质量发展，通过逆周期调节与深化改革"组合拳"，共同稳定经济大盘。货币政策将在其中做出新 探索更好支持实体经济转型。 （文章来源：证券时报） 证券时报记者孙璐璐 在外部冲击影响加大的背景下，日前召开的中央政治局会议指出，要以高质量发展的确定 ...

Group 1 - The political bureau meeting emphasized the "Four Stabilities" to stabilize the economy, indicating a strong signal for new employment stabilization and enterprise relief policies to be accelerated [1][2][8] - In the first quarter, profits of industrial enterprises above designated size turned from a year-on-year decline of 3.3% to a growth of 0.8%, marking a recovery from the continuous decline since the third quarter of the previous year [1][3] - The revenue of industrial enterprises above designated size increased by 3.4% year-on-year in the first quarter, with a faster growth rate compared to the previous months [3][4] Group 2 - The profit situation among different ownership enterprises showed reduced disparity, with state-controlled enterprises' profits totaling 559.95 billion yuan, a decline of 1.4%, while foreign and Hong Kong, Macao, and Taiwan-invested enterprises saw a profit increase of 2.8% to 388.35 billion yuan [4][5] - Manufacturing profits improved significantly, with a growth rate of 7.6% in the first quarter, an acceleration of 2.8 percentage points compared to the previous months [4][5] - The equipment manufacturing industry became a key support for profit growth, with profits increasing by 6.4% year-on-year, contributing 2.0 percentage points to the overall profit growth of industrial enterprises [5][6] Group 3 - High-tech manufacturing profits turned from a decline of 5.8% to a growth of 3.5% in the first quarter, indicating a strong recovery in this sector [5][6] - The aerospace industry saw a profit increase of 23.9%, while sectors related to artificial intelligence and medical devices also experienced significant profit growth [6][7] - Policies promoting equipment updates and consumption upgrades positively impacted profits in various sectors, with wearable smart devices and kitchen appliances seeing profit increases of 78.8% and 21.7%, respectively [7][8]

Group 1 - The central political bureau meeting indicates a positive trend in the economy, but emphasizes the need to solidify the recovery amidst increasing external shocks [1] - The meeting introduces the concept of "coordinating domestic economic work and international trade struggles," addressing unilateralism and bullying tactics from the U.S. [2] - The focus shifts from the "six stabilizations" to "four stabilizations," prioritizing employment while also emphasizing the resilience of enterprises [3] Group 2 - The macroeconomic policy maintains a proactive stance, with new requirements for accelerated implementation and effective utilization of policies [3] - Fiscal policy will expedite the issuance and use of local government special bonds and ultra-long-term special treasury bonds, while monetary policy may include timely reserve requirement ratio cuts and interest rate reductions [3] - The meeting outlines a new policy toolkit to support key areas such as technological innovation, consumption expansion, and foreign trade stability [3] Group 3 - The meeting conveys a strong confidence in China's economic resilience, asserting that high-quality development will navigate uncertainties from external environments [4]