Events
The economy is under pressure under the epidemic, and the market is highly concerned about the policy setting of the Politburo meeting at the end of April. According to the Convention, the Politburo meeting usually meets in the morning and publishes the contents of the meeting in the evening. This time, it is rare that it comes out at noon. Moreover, it is the video news of China Central Television first and the text Bulletin of the meeting later, which shows the high-level attention to the economic situation and the care of the capital market.
Ten highlights
1. Firmly set the annual GDP target of 5.5%, and accelerate the combination of steady growth.
2. Zero or fine-tuning of epidemic prevention policies.
3. Macro policies have been strengthened and accelerated, and steady easing continues.
4. Moderately relax the regulation of real estate, and it is more urgent to stabilize real estate.
5. It is urgent to hedge the negative impact of the epidemic and promote consumption.
6. Comprehensively strengthen infrastructure construction and strengthen supporting support.
7. Steadily promote the reform of the registration system and introduce long-term investors.
8. From remediation governance support, the platform economic policy has been significantly eased.
9. The foreign trade policy of stabilizing foreign investment has been strengthened to enhance export toughness.
10. Revisit the "systemic risk bottom line" and balance the relationship between steady growth and risk prevention.
Risk tips
(1) the epidemic situation worsened beyond expectation
(2) the steady growth policy is less than expected
(3) large scale outbreak of geo conflict
