中国人民银行决定，自5月15日起，下调汽车金融公司和金融租赁公司存款准备金率5个百分点。接受 《金融时报》记者采访的专家表示，一揽子金融政策精准有力，表明政策措施储备充足，下一步优化存 量政策、推出增量政策的空间仍然较大。 定向调整精准支持 "此次对汽车金融公司和金融租赁公司的定向降准，是中国人民银行精准支持重点行业的体现。"上海金 融与发展实验室主任曾刚告诉《金融时报》记者，"推动大规模设备更新和消费品以旧换新是当前的重 点经济工作，汽车行业作为拉动内需的关键引擎，以及金融租赁在实体企业设备更新中的支撑作用，使 得对这两类金融机构实施定向降准意义重大。" 招联首席研究员、上海金融与发展实验室副主任董希淼表示，此次推出的一揽子金融政策是在此前基础 上的优化和强化。比如，将汽车金融公司、金融租赁公司的存款准备金率阶段性降至为0%，力度大、 针对性强，超出市场预期，既显示出政策与时俱进，又表明政策工具箱储备充足。 据了解，存款准备金率按机构类型分为三档，金融租赁公司、汽车金融公司的法定存款准备金率为 5%。作为两类非银行金融机构，金融租赁公司、汽车金融公司存款准备金率已低于银行等其他金融机 构。此次调整意味着，汽 ...

Core Viewpoint - The People's Bank of China has temporarily reduced the reserve requirement ratio for auto finance companies and financial leasing companies from 5% to 0%, aiming to enhance liquidity and support economic growth [1][2]. Group 1: Policy Impact - The reduction in reserve requirement means that these financial institutions no longer need to set aside funds, allowing them to use the released capital for more flexible loans and investments [1]. - This adjustment is expected to provide higher liquidity in the market, alleviating pressures from slowing economic growth and tightening financial markets [1]. Group 2: Business Models - Auto finance companies primarily offer car loans and financing leasing services, supporting consumers in the automotive sales market [1]. - Financial leasing companies focus on equipment financing leasing, providing funding support for businesses to acquire and lease necessary equipment, covering a broader range of sectors [1]. Group 3: Challenges and Risks - Both types of financial institutions face challenges in capital operations, particularly when liquidity is insufficient, which can limit their lending capabilities [2]. - The policy change allows auto finance companies to offer more consumer loans, potentially stimulating automotive consumption demand [2]. - However, the removal of the reserve requirement means that financial institutions will need to enhance their liquidity management capabilities to avoid short-term liquidity strains during market fluctuations [2].