A long drought meets sweet rain! The heavyweight policy is to be continued!

After the rise of AH shares, it's the turn of U.S.-listed Chinese concept stocks! The FTSE China A50 Index Futures expanded its gains to 6%!!!

Today's financial "prelude battle" set a good start for the pre-holiday policy expectations. The press conference held by the State Council Information Office this morning, whether in terms of the timing, the level of attendees, or the degree of exceeding expectations in content, highlighted full "sincerity":

· Seizing the last time window of the third quarter is undoubtedly to buy time and stabilize the further recovery of the economy in the fourth quarter.

· The heads of the three major financial departments gathered together, a level last seen possibly at the post-NPC ministerial press conference in March this year.

· Directly addressing the market's most concerned issues such as capital markets, real estate, and financial risks, and centrally introducing multiple incremental policies.

What most "moved" the market might still be the country's more supportive attitude towards the capital market. The central bank newly created two tools to support the stock market this time: the first is to create a swap facility for securities, funds, and insurance companies, with a scale of 500 billion yuan, which can be expanded in the future as needed; the second is to create a special relending facility for stock repurchases and increases, guiding banks to provide loans to listed companies and major shareholders to support repurchases and increases in stock holdings.

From a specific operational perspective, stock assets have essentially become collateral for the central bank's liquidity injection and bank credit expansion, which is the first time in the history of China's monetary policy, and it is of great significance to the stock market.

According to historical experience, RRR cuts are often the "vanguard" of a package of policies, and more follow-up policies to stabilize the economy may already be "on the way." Monetary policy has shown a loosening trend, and after the fiscal stock policies are used up, fiscal loosening follow-ups may also be on the way.

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