Daily data tracking
Three major indexes: the Shanghai index rose 0.58%, the Shenzhen composite index fell 0.23%, the gem index fell 1.83%, and the Shenwan sector: real estate, banking and architectural decoration rose; Agriculture, forestry, animal husbandry and fishery, computer and media
Concept sector: the concept of coal mining, connecting sector and lithium ore rose; Marketing communication, covid-19 pneumonia detection, in vitro diagnosis concept callback
Transaction and northbound funds: the transaction between the two cities was about 840.6 billion yuan, a decrease from the previous trading day; The net capital outflow from northbound is about 637 million yuan
Hot spot tracking: an interpretation of Guangdong’s financial rescue policy
The current epidemic situation is still grim, and the epidemic has exacerbated the “triple pressure” facing the economy. The outbreak of the epidemic has had a significant contraction impact on the supply and demand of the economy. More importantly, it continues to suppress the depressed expectations, resulting in sluggish consumption of residents and decline in investment willingness of enterprises. Economy is a cycle. Demand affects production and production affects demand. The operation of some small and medium-sized enterprises with weak anti risk ability is greatly affected, which poses a challenge to steady economic growth. At this time, stabilizing the main body of the market is to ensure employment, income and people’s livelihood. Various measures have been introduced from the central government to Guangdong Province to improve the anti risk ability of enterprises and flexible employees, which is an important measure to stabilize the macro-economic market.
On April 22, the meeting between the financial committee of the State Council and the topic mentioned the deployment of implementing the spirit of the important meeting of the CPC Central Committee on the current economic and social work. The central bank, the CBRC, the CSRC and the safe held meetings respectively to convey, study and implement the spirit of the meeting between the financial committee of the State Council and the topic, and proposed to strengthen the relief of market players and the industries and small, medium and micro enterprises greatly affected by the epidemic, Strengthen credit support and insurance guarantee.
This time, Guangdong Province issued the action plan of Guangdong financial support for the rescue of enterprises affected by the epidemic and stable economic growth
It is a concrete implementation of the spirit of the meeting of the State Council and relevant departments. It puts forward 25 policies and measures to strengthen financial services and strengthen support for the real economy from six aspects: increasing financial support for stabilizing foreign trade and foreign investment, promoting the steady and healthy development of the real estate market, optimizing scientific and technological financial services and supporting independent innovation strategy. Overall, these 25 measures have both total financial support and policy arrangements for key areas and weak links, ensuring the continuity and accuracy of financial support policies. Specifically, there are the following three highlights.
First, we should carry out targeted rescue through various channels and increase financial rescue for small and micro enterprises and individual industrial and commercial households. Since the outbreak of the epidemic, some industrial enterprises, especially small and micro enterprises and individual industrial and commercial households, have been greatly affected. The action plan carries out financing docking of small and micro enterprises through Wuxi Online Offline Communication Information Technology Co.Ltd(300959) various channels, reduces the burden of enterprises through loan interest discount, and provides targeted relief to large groups affected by the epidemic, such as operating vehicle drivers and network operators. The action plan proposes to give a discount of no more than 2.1% to small and micro enterprises that apply for loans for the first time in local legal person financial institutions from April 1 to June 30, 2022, and the loan balance of a single household does not exceed 10 million yuan; Increase financial support for enterprises and flexible employment subjects such as taxi drivers, Internet shopkeepers and truck drivers that attract more new citizens; Insurance institutions are encouraged to extend the insurance period of operating suspended vehicles in areas greatly affected by the epidemic.
Second, we should strengthen the coverage, the linkage between the period and the present, and increase financial support for stabilizing foreign trade and foreign investment. As a province with large foreign trade and foreign investment, Guangdong has a broad market and active trade activities. Stabilizing foreign trade and foreign investment is not only the internal requirement to minimize the impact of the epidemic, but also a key link in implementing the “six stabilities” work and striving to achieve the economic and social development goals of the 14th five year plan. Under the epidemic situation outside China, foreign trade enterprises face increased risks such as order cancellation and shipment rejection. The action plan proposes to give full play to the guiding role of financial funds, expand the coverage of export credit insurance, and increase support for enterprises affected by the epidemic. Throughout the year, it will support more than 12000 foreign trade enterprises, expand industrial chain underwriting, and help deal with the risks such as order cancellation, which will provide strong financial support to foreign trade enterprises.
Third, due to urban policies and long-term mechanisms, we should promote the steady and healthy development of the real estate market. Stabilizing real estate is stabilizing the economy and preventing risks. At present, the real estate situation is still grim, and the confidence of residents, real estate enterprises and other micro subjects is insufficient, which seriously hinders the effective recovery of the economy. The government needs to take multiple measures to stabilize land prices, house prices and expectations, so as to promote the virtuous cycle and healthy development of the real estate industry. The action plan proposes to actively support the reasonable housing credit needs of residents. Adhere to the positioning of “houses are for living, not for speculation”, implement differentiated housing credit policies due to urban policies, and reasonably determine the minimum down payment ratio and minimum loan interest rate requirements of commercial individual housing loans within the jurisdiction. We will improve the long-term mechanism for the virtuous circle of financial and real estate development.
Risk tip: the stock market has risks, and investment should be cautious
