Home > entertainment > This morning's press conference of the State Council revealed one "explosive" policy after another. The A-share market was completely ignited, and the Shanghai Composite Index returned to above 2,800 points. As of midday closing, all three major indexes were up more than 2%.

This morning's press conference of the State Council revealed one "explosive" policy after another. The A-share market was completely ignited, and the Shanghai Composite Index returned to above 2,800 points. As of midday closing, all three major indexes were up more than 2%.

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At the State Council press conference this morning, the "king bomb" policies were one after another. The a stock market was completely ignited, and the Shanghai Composite Index returned to above 2800 points.

This morning's press conference of the State Council revealed one 'explosive' policy after another. The A-share market was completely ignited, and the Shanghai Composite Index returned to above 2,800 points. As of midday closing, all three major indexes were up more than 2%. - Lujuba

This morning's press conference of the State Council revealed one 'explosive' policy after another. The A-share market was completely ignited, and the Shanghai Composite Index returned to above 2,800 points. As of midday closing, all three major indexes were up more than 2%. - Lujuba

As of midday closing, the three major indexes all rose by more than 2%. The Shanghai and Shenzhen stock exchanges' half-day turnover was 520.1 billion yuan, compared with the previous trading day's heavy volume of 154.4 billion yuan. Big Finance and China led the rally, with more than 4,900 stocks on the market going red.

This morning's press conference of the State Council revealed one 'explosive' policy after another. The A-share market was completely ignited, and the Shanghai Composite Index returned to above 2,800 points. As of midday closing, all three major indexes were up more than 2%. - Lujuba

This morning's press conference of the State Council revealed one 'explosive' policy after another. The A-share market was completely ignited, and the Shanghai Composite Index returned to above 2,800 points. As of midday closing, all three major indexes were up more than 2%. - Lujuba

The Hong Kong stock market is also "crazy". As of midday closing, the Hang Seng Index rose 3.28% and the Hang Seng Technology Index rose 4.21%.

This morning's press conference of the State Council revealed one 'explosive' policy after another. The A-share market was completely ignited, and the Shanghai Composite Index returned to above 2,800 points. As of midday closing, all three major indexes were up more than 2%. - Lujuba

FTSE China a50 rose linearly by more than 3%.

This morning's press conference of the State Council revealed one 'explosive' policy after another. The A-share market was completely ignited, and the Shanghai Composite Index returned to above 2,800 points. As of midday closing, all three major indexes were up more than 2%. - Lujuba

The "bull market standard bearer" is back

At the press conference, Pan Gongsheng, Governor of the People's Bank of China, said that for the first time, the People's Bank of China has created structural monetary policy tools to support the capital market. One of them is the swap facility for securities, funds, and insurance companies, which supports eligible securities, funds, and insurance companies to use their own bonds, stock ETFs, and CSI 300 constituent stocks as collateral to exchange for treasury bonds and central bank bills from the central bank. For highly liquid assets, this policy will significantly increase relevant institutions’ access to funds and stock holdings. The funds obtained by institutions through this tool can only be used to invest in the stock market.

Pan Gongsheng revealed that the scale of the first phase of swap convenience operation is 500 billion yuan, and the scale will be expanded in the future depending on the situation. "I told (China Securities Regulatory Commission) Chairman Wu Qing that as long as this matter is done well, we can receive another 500 billion yuan in the future, or a third 500 billion yuan. Our (attitude) is open."

talked about parity The creation of the fund is being studied, Pan Gongsheng, governor of the People's Bank of China, said in response to reporters' questions.

It is understood that similar interchange tools have a lot of successful experience at home and abroad. As soon as Pan Gongsheng finished speaking, brokerage and insurance sectors rose rapidly.

This morning's press conference of the State Council revealed one 'explosive' policy after another. The A-share market was completely ignited, and the Shanghai Composite Index returned to above 2,800 points. As of midday closing, all three major indexes were up more than 2%. - Lujuba

This morning's press conference of the State Council revealed one 'explosive' policy after another. The A-share market was completely ignited, and the Shanghai Composite Index returned to above 2,800 points. As of midday closing, all three major indexes were up more than 2%. - Lujuba

This morning's press conference of the State Council revealed one 'explosive' policy after another. The A-share market was completely ignited, and the Shanghai Composite Index returned to above 2,800 points. As of midday closing, all three major indexes were up more than 2%. - Lujuba

The venture capital circle is abuzz

Multi-stock daily limit

At today’s press conference, Changqian Changtou and Patient Capital were repeatedly mentioned. Li Yunze, director of the State Financial Supervision and Administration Bureau, also gave a clear policy support path , solving the problem of "difficulty in financing" of equity investment from the source.

Li Yunze said that in the early stage, financial asset investment companies affiliated to large commercial banks had launched equity investment pilot projects in Shanghai, explored paths, accumulated experience, and trained their teams, and now have the conditions to expand the pilot. According to the relevant arrangements of the State Council, in order to effectively play the leading role of the pilot and encourage the development of venture capital, the State Administration of Financial Supervision plans to take three measures to promote it.

First, expand the scope of pilot cities. The State Administration of Financial Supervision will work with relevant departments to study expanding the scope of the pilot from Shanghai to 18 large and medium-sized cities active in technological innovation, including Beijing.

The second is to relax restrictions. Appropriately relax restrictions on the amount and proportion of equity investment, increase the proportion of on-balance sheet investment from the original 4% to 10%, and increase the proportion of investment in a single private equity fund from the original 20% to 30%.

The third is optimization assessment. Guide relevant institutions to implement the requirements of due diligence and exemption from liability, and establish and improve long-term differentiated performance appraisals.

Li Yunze said that in the next step, the State Administration of Financial Supervision will sum up experience in a timely manner, continue to study and expand the scope of pilot cities, and at the same time continue to optimize supporting policies and actively promote the implementation of more projects as soon as possible.

Affected by the above-mentioned positive effects, diversified financial sectors rose rapidly, leading the entire market.

This morning's press conference of the State Council revealed one 'explosive' policy after another. The A-share market was completely ignited, and the Shanghai Composite Index returned to above 2,800 points. As of midday closing, all three major indexes were up more than 2%. - Lujuba

More than 10 equity investment concept stocks, including Hyde Shares , China Aviation Industry Finance , COFCO Capital , hit their daily limit.

This morning's press conference of the State Council revealed one 'explosive' policy after another. The A-share market was completely ignited, and the Shanghai Composite Index returned to above 2,800 points. As of midday closing, all three major indexes were up more than 2%. - Lujuba

Li Yunze made a big announcement

Banks are getting good news

Pan Gongsheng, the governor of the People's Bank of China, made a big announcement to support the healthy development of the real estate industry by lowering the existing mortgage interest rates and unifying the minimum down payment ratio for mortgages. In addition, by reducing the deposit reserve ratio and policy interest rate, the market benchmark interest rate will be driven downward, while also protecting the interest margin of banks.

At the same time, Li Yunze, director of the State Financial Supervision and Administration Bureau, also announced at the press conference that in order to consolidate and enhance the ability of large commercial banks to operate steadily and develop, and better play their role as the main force in serving the real economy, after research, the state plans to The increase in core tier-1 capital of a large commercial bank will be implemented in an orderly manner in accordance with the idea of ​​"overall promotion, phased implementation, and one policy per bank."

He emphasized that at present, my country's large commercial banks are operating steadily and developing, their asset quality is stable, and their main regulatory indicators are within a "healthy range." Capital is the "capital" of financial institutions' operations, the foundation for improving their ability to serve the real economy and the barrier against risks. In recent years, large commercial banks have mainly relied on their own profit retention to increase capital. However, as banks have increasingly reduced fees and offered profits, net interest margins have narrowed and profit growth has gradually slowed down. They need to coordinate internal and external efforts. and other channels to enrich capital.

In early trading today, bank stocks opened higher and moved higher. In the A-share market, Changshu Bank and Bank of Communications rose by more than 4%, China Merchants Bank and CITIC Bank and Construction Bank rose by more than 3%.

This morning's press conference of the State Council revealed one 'explosive' policy after another. The A-share market was completely ignited, and the Shanghai Composite Index returned to above 2,800 points. As of midday closing, all three major indexes were up more than 2%. - Lujuba

In the Hong Kong stock market, China Merchants Bank rose more than 9%, and Bank of Communications, ICBC , Postal Savings Bank , China Construction Bank, Bank of China, etc. rose more than 3%.

This morning's press conference of the State Council revealed one 'explosive' policy after another. The A-share market was completely ignited, and the Shanghai Composite Index returned to above 2,800 points. As of midday closing, all three major indexes were up more than 2%. - Lujuba


(Source: China Fund News)

For more exciting information, please download the "Jimu News" client in the application market. Please do not reprint without authorization. Welcome to provide news clues, and you will be paid once accepted. The 24-hour reporting hotline is 027-86777777.

At the State Council press conference this morning, the "king bomb" policies were one after another. The a stock market was completely ignited, and the Shanghai Composite Index returned to above 2800 points.

This morning's press conference of the State Council revealed one 'explosive' policy after another. The A-share market was completely ignited, and the Shanghai Composite Index returned to above 2,800 points. As of midday closing, all three major indexes were up more than 2%. - Lujuba

This morning's press conference of the State Council revealed one 'explosive' policy after another. The A-share market was completely ignited, and the Shanghai Composite Index returned to above 2,800 points. As of midday closing, all three major indexes were up more than 2%. - Lujuba

As of midday closing, the three major indexes all rose by more than 2%. The Shanghai and Shenzhen stock exchanges' half-day turnover was 520.1 billion yuan, compared with the previous trading day's heavy volume of 154.4 billion yuan. Big Finance and China led the rally, with more than 4,900 stocks on the market going red.

This morning's press conference of the State Council revealed one 'explosive' policy after another. The A-share market was completely ignited, and the Shanghai Composite Index returned to above 2,800 points. As of midday closing, all three major indexes were up more than 2%. - Lujuba

This morning's press conference of the State Council revealed one 'explosive' policy after another. The A-share market was completely ignited, and the Shanghai Composite Index returned to above 2,800 points. As of midday closing, all three major indexes were up more than 2%. - Lujuba

The Hong Kong stock market is also "crazy". As of midday closing, the Hang Seng Index rose 3.28% and the Hang Seng Technology Index rose 4.21%.

This morning's press conference of the State Council revealed one 'explosive' policy after another. The A-share market was completely ignited, and the Shanghai Composite Index returned to above 2,800 points. As of midday closing, all three major indexes were up more than 2%. - Lujuba

FTSE China a50 rose linearly by more than 3%.

This morning's press conference of the State Council revealed one 'explosive' policy after another. The A-share market was completely ignited, and the Shanghai Composite Index returned to above 2,800 points. As of midday closing, all three major indexes were up more than 2%. - Lujuba

The "bull market standard bearer" is back

At the press conference, Pan Gongsheng, Governor of the People's Bank of China, said that for the first time, the People's Bank of China has created structural monetary policy tools to support the capital market. One of them is the swap facility for securities, funds, and insurance companies, which supports eligible securities, funds, and insurance companies to use their own bonds, stock ETFs, and CSI 300 constituent stocks as collateral to exchange for treasury bonds and central bank bills from the central bank. For highly liquid assets, this policy will significantly increase relevant institutions’ access to funds and stock holdings. The funds obtained by institutions through this tool can only be used to invest in the stock market.

Pan Gongsheng revealed that the scale of the first phase of swap convenience operation is 500 billion yuan, and the scale will be expanded in the future depending on the situation. "I told (China Securities Regulatory Commission) Chairman Wu Qing that as long as this matter is done well, we can receive another 500 billion yuan in the future, or a third 500 billion yuan. Our (attitude) is open."

talked about parity The creation of the fund is being studied, Pan Gongsheng, governor of the People's Bank of China, said in response to reporters' questions.

It is understood that similar interchange tools have a lot of successful experience at home and abroad. As soon as Pan Gongsheng finished speaking, brokerage and insurance sectors rose rapidly.

This morning's press conference of the State Council revealed one 'explosive' policy after another. The A-share market was completely ignited, and the Shanghai Composite Index returned to above 2,800 points. As of midday closing, all three major indexes were up more than 2%. - Lujuba

This morning's press conference of the State Council revealed one 'explosive' policy after another. The A-share market was completely ignited, and the Shanghai Composite Index returned to above 2,800 points. As of midday closing, all three major indexes were up more than 2%. - Lujuba

This morning's press conference of the State Council revealed one 'explosive' policy after another. The A-share market was completely ignited, and the Shanghai Composite Index returned to above 2,800 points. As of midday closing, all three major indexes were up more than 2%. - Lujuba

The venture capital circle is abuzz

Multi-stock daily limit

At today’s press conference, Changqian Changtou and Patient Capital were repeatedly mentioned. Li Yunze, director of the State Financial Supervision and Administration Bureau, also gave a clear policy support path , solving the problem of "difficulty in financing" of equity investment from the source.

Li Yunze said that in the early stage, financial asset investment companies affiliated to large commercial banks had launched equity investment pilot projects in Shanghai, explored paths, accumulated experience, and trained their teams, and now have the conditions to expand the pilot. According to the relevant arrangements of the State Council, in order to effectively play the leading role of the pilot and encourage the development of venture capital, the State Administration of Financial Supervision plans to take three measures to promote it.

First, expand the scope of pilot cities. The State Administration of Financial Supervision will work with relevant departments to study expanding the scope of the pilot from Shanghai to 18 large and medium-sized cities active in technological innovation, including Beijing.

The second is to relax restrictions. Appropriately relax restrictions on the amount and proportion of equity investment, increase the proportion of on-balance sheet investment from the original 4% to 10%, and increase the proportion of investment in a single private equity fund from the original 20% to 30%.

The third is optimization assessment. Guide relevant institutions to implement the requirements of due diligence and exemption from liability, and establish and improve long-term differentiated performance appraisals.

Li Yunze said that in the next step, the State Administration of Financial Supervision will sum up experience in a timely manner, continue to study and expand the scope of pilot cities, and at the same time continue to optimize supporting policies and actively promote the implementation of more projects as soon as possible.

Affected by the above-mentioned positive effects, diversified financial sectors rose rapidly, leading the entire market.

This morning's press conference of the State Council revealed one 'explosive' policy after another. The A-share market was completely ignited, and the Shanghai Composite Index returned to above 2,800 points. As of midday closing, all three major indexes were up more than 2%. - Lujuba

More than 10 equity investment concept stocks, including Hyde Shares , China Aviation Industry Finance , COFCO Capital , hit their daily limit.

This morning's press conference of the State Council revealed one 'explosive' policy after another. The A-share market was completely ignited, and the Shanghai Composite Index returned to above 2,800 points. As of midday closing, all three major indexes were up more than 2%. - Lujuba

Li Yunze made a big announcement

Banks are getting good news

Pan Gongsheng, the governor of the People's Bank of China, made a big announcement to support the healthy development of the real estate industry by lowering the existing mortgage interest rates and unifying the minimum down payment ratio for mortgages. In addition, by reducing the deposit reserve ratio and policy interest rate, the market benchmark interest rate will be driven downward, while also protecting the interest margin of banks.

At the same time, Li Yunze, director of the State Financial Supervision and Administration Bureau, also announced at the press conference that in order to consolidate and enhance the ability of large commercial banks to operate steadily and develop, and better play their role as the main force in serving the real economy, after research, the state plans to The increase in core tier-1 capital of a large commercial bank will be implemented in an orderly manner in accordance with the idea of ​​"overall promotion, phased implementation, and one policy per bank."

He emphasized that at present, my country's large commercial banks are operating steadily and developing, their asset quality is stable, and their main regulatory indicators are within a "healthy range." Capital is the "capital" of financial institutions' operations, the foundation for improving their ability to serve the real economy and the barrier against risks. In recent years, large commercial banks have mainly relied on their own profit retention to increase capital. However, as banks have increasingly reduced fees and offered profits, net interest margins have narrowed and profit growth has gradually slowed down. They need to coordinate internal and external efforts. and other channels to enrich capital.

In early trading today, bank stocks opened higher and moved higher. In the A-share market, Changshu Bank and Bank of Communications rose by more than 4%, China Merchants Bank and CITIC Bank and Construction Bank rose by more than 3%.

This morning's press conference of the State Council revealed one 'explosive' policy after another. The A-share market was completely ignited, and the Shanghai Composite Index returned to above 2,800 points. As of midday closing, all three major indexes were up more than 2%. - Lujuba

In the Hong Kong stock market, China Merchants Bank rose more than 9%, and Bank of Communications, ICBC , Postal Savings Bank , China Construction Bank, Bank of China, etc. rose more than 3%.

This morning's press conference of the State Council revealed one 'explosive' policy after another. The A-share market was completely ignited, and the Shanghai Composite Index returned to above 2,800 points. As of midday closing, all three major indexes were up more than 2%. - Lujuba


(Source: China Fund News)

For more exciting information, please download the "Jimu News" client in the application market. Please do not reprint without authorization. Welcome to provide news clues, and you will be paid once accepted. The 24-hour reporting hotline is 027-86777777.

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