National senior management timely and intensively issued laws and regulations to maintain capital market and real estate market and stabilize the market

On 20240412, the State Council (Several Opinions on Strengthening Supervision and Risk Prevention to Promote the Quality and Development of Capital Market) carried out specific actions and measures after the relevant departments of the state. We have fought resolutely against the Chinese power of short selling, especially playing an important role in safeguarding the national financial security. According to the short Chinese forces, the A-share market was suppressed and the real estate market was suppressed in a tit for tat struggle. 20240515 The People's Bank of China, together with the Banking and Insurance Regulatory Administration, issued a document to make a good comment on provident fund loans, clearly requiring a reduction of 0.25%. The proportion of payment for the purchase of the first house should reach 15%, and the proportion of mortgage loans for the second house (including above) should reach 25%. The interest rate of the first housing provident fund loan is 2.35%, and the interest rate of the second housing mortgage loan is 2.77%. This is not the policy support strength before. On 20240517, four departments of the state, the Supreme Court, the Supreme Procuratorate, the Ministry of Public Security, and the China Securities Regulatory Commission jointly issued a document (strictly and quickly investigate and punish financial fraud, misappropriation of listed companies' assets, manipulation of the market, and securities and futures bullying crimes). Implementation starts from issuing documents.

The intensive issuance of relevant regulations at the national level shows the determination and attitude of the country in the struggle against the short Chinese forces.

At the end of this week, it was reported that the Russian stock market had hit a recent high, and the European and American markets and emerging markets, including Japan and South Korea, had new gains in the stock market. The peripheral markets all attach great importance to the development of the capital market and act as a strong support for the country's economic development and prosperity.

After experiencing the risk of A-share stock market on 20240205, snowball positions burst, and the crisis has become very dangerous to financing and pledge. Under the background that systematic risks are likely to occur, the country will change its leadership in a timely and decisive manner. Let A-share begin from the crisis of 2365 points. Although there are many twists and turns in the middle, there is always a chance of more than 3000 points. We should see:

First of all, the country has launched a proactive fiscal policy. We have issued 1 trillion yuan of 50 year special national debt. He also said that special treasury bonds would be issued in succession in the future. Recently, another 30-year special treasury bond has been issued. It is obvious to increase national financial support.

Second, the People's Bank of China has exceeded its M2 issuance by 56 trillion yuan in the past two years, ensuring liquidity. The People's Bank of China (PBC), which deserves attention, began to purchase government bonds in the secondary market, which is unprecedented. PBC's pioneering and innovation play an important role in financial stability.

Third, continue to reduce deposit interest rates. At present, China's deposit and loan interest rate spread rate is 1.8%, which is very close to the world's smallest deposit and loan interest rate spread rate of 1.65% in Germany. The deposit interest rate has dropped to the lowest level in history, and its policy orientation is very obvious. It is believed that the current RMB deposit of 146 trillion yuan is a very big pressure and direction. Consumption, just in need of housing, and investment have a positive role in promoting.

Fourth, the People's Bank of China lent 300 billion yuan to the special real estate leasing market, and 500 billion yuan to the special science and technology loans. With policy guidance, the fund precedent provided for the government to enter the real estate market to purchase second-hand housing, I believe that the follow-up funds will also have new expectations.

Fifth, the delisting of Article 9 of the State Council provides the market with a policy basis to improve the quality level and the investment environment. It is believed that with the pressure of public opinion on delisting, the market reaction has formed indignation towards listed companies, which will also affect the credibility of the government. Therefore, the delisting compensation laws and regulations, as well as the collection and implementation of compensation funds will also make new progress.

The Opinions on Handling Securities and Futures Illegal and Criminal Cases issued by the four national departments provide legal support for arresting people. It is also an important link and basic work to promote delisting compensation laws and regulations.