On May 15th, starting today, China’s reserve requirement ratio will be lowered by 0.5 percentage points, providing the market with long-term liquidity of about 1 trillion yuan. Since the announcement of a package of financial policies on May 7th, the market has witnessed the implementation of reserve requirement ratio cuts and interest rate cuts; The emergence of the “technology board” in the bond market and the issuance of technology innovation bonds; The establishment of 500 billion yuan service consumption and pension refinancing loans… The implementation of incremental financial policies has created a favorable financial environment for further stabilizing the market, stabilizing expectations, supporting economic recovery, and responding to internal and external uncertainties. (Shanghai Stock News)
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