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政策高频 | 部署实施财政金融协同促内需一揽子政策(申万宏观·赵伟团队)
赵伟宏观探索· 2026-01-21 19:18
Group 1 - The core viewpoint of the article emphasizes the implementation of a package policy for fiscal and financial coordination to promote domestic demand, which is a significant measure to expand effective demand and innovate macro-control [1][2][18] - The State Council meeting proposed optimizing the implementation of service industry loans and personal consumption loan interest subsidies to enhance residents' consumption capacity [1][2] - Support for private investment includes implementing interest subsidies for loans to small and micro enterprises, establishing special guarantee plans for private investment, and optimizing equipment renewal loan interest subsidy policies [1][2][18] Group 2 - The announcement from three departments extends the personal income tax policy supporting residents' housing purchases, allowing tax refunds for individuals selling their homes and buying new ones within one year [3][4] - The policy applies to taxpayers who sell and repurchase homes within the same city, with specific conditions for tax refunds based on the sale and purchase amounts [3][4] Group 3 - The joint issuance of guidelines by four departments aims to strengthen the planning and guidance of government investment funds, ensuring alignment with national macro-control requirements and encouraging investment in key industries [5][6] - The guidelines specify that government investment funds should avoid increasing local government hidden debt and should focus on supporting national development plans and key industries [5][6] Group 4 - A meeting held by three departments focused on the regulation of the electric vehicle industry, emphasizing innovation and quality while resisting disorderly price wars [7][8] - The meeting aims to strengthen collaboration among departments, enhance cost investigations, and enforce stricter regulations to maintain a fair market environment [7][8] Group 5 - The central bank announced a 25 basis point reduction in various structural monetary policy tool rates to support the real economy, alongside new policies to enhance financial support for private enterprises and technological innovation [9][10][18] - The reduction in rates aims to lower financing costs and expand loan quotas for agriculture, small businesses, and technological innovation [9][10] Group 6 - The two departments released opinions to encourage the establishment of enterprise annuities, allowing flexible contribution rates and expanding the coverage of the enterprise annuity system [11][12] - The guidelines specify that employer contributions should not exceed 8% of the total wages of employees participating in the annuity, with a combined limit of 12% for both employer and employee contributions [11][12]