1. Leaders of the State Council pointed out that China will continue to coordinate epidemic prevention and control and economic and social development, implement stable macro policies and strengthen pertinence and effectiveness. We will continue to implement a prudent monetary policy, maintain reasonable and sufficient liquidity, formulate policies around the needs of market players, reduce reserve requirements in due time, and increase support for the real economy, especially small, medium-sized and micro enterprises, so as to ensure the stable and healthy operation of the economy.
2. China Evergrande failed to fulfill its guarantee obligations for a US $260 million debt and announced the launch of overseas debt restructuring, which was intensively responded by the "one bank, two sessions". The relevant person in charge of the central bank said that the risk of individual real estate enterprises in the short term will not affect the normal financing function of the medium and long-term market; Recently, domestic real estate sales, land purchase and financing have gradually returned to normal. The relevant person in charge of the CSRC said that the operating financial indicators of listed companies and bond issuers involved in real estate are generally healthy, and the spillover impact of Evergrande group's risk events on the stable operation of the capital market is controllable; The CSRC supports the reasonable and normal financing of real estate enterprises and promotes the steady and healthy development of capital market and real estate market. The cbcirc spokesman said that Evergrande group's failure to fulfill its guarantee obligations will not have any negative impact on the normal operation of the banking and insurance industry. It will guide the banking and insurance institutions to provide financial services to the real estate and construction industries on the premise of implementing the prudent management of real estate finance. In addition, the Guangdong Provincial Government interviewed Evergrande and sent a working group to Evergrande to urge and promote enterprise risk disposal.
