\u3000\u30001. The national health plan of the 14th five year plan was implemented to encourage insurance enterprises to increase the supply of commercial health insurance. On May 20, the general office of the State Council issued the national health plan for the 14th five year plan, which aims to improve China's health system and the basic medical and health system with Chinese characteristics. For insurance enterprises, on the one hand, the plan clearly puts forward a series of development goals for 2025, supports the optimization and strengthening of the health industry, encourages the increase of the supply of commercial health insurance, and helps insurance enterprises improve the layout of health and elderly care industry and expand the scale of commercial health insurance; On the other hand, the plan also puts forward higher requirements for insurance enterprises. Insurance enterprises need to enhance their product design ability and enrich the supply of new health insurance, so as to better match the broad pension and medical needs.
\u3000\u30002. The CSRC issued 23 policies and measures to help enterprises fight the epidemic and rescue. On May 20, the CSRC issued the notice on giving further play to the function of the capital market to support the accelerated recovery and development of areas and industries seriously affected by the epidemic, and strengthened policy support in terms of enterprises' application for IPO, listing on the Beijing stock exchange, refinancing, M & A, corporate bonds, asset securitization products, etc. Since the beginning of this year, covid-19 epidemic has continued to repeat, and the uncertainty of the internal and external environment has increased. This notice effectively supports market players to tide over the difficulties of the epidemic, which is conducive to maintaining the stability of the capital market, boosting market confidence and further improving the ability of the capital market to serve the real economy.
The 3.5-year LPR quotation was reduced by 15bp and the steady growth policy was renewed. On May 20, the people's Bank of China authorized the national interbank lending center to announce the loan market quotation rate (LPR): the one-year LPR was 3.70%, unchanged from the previous month; The LPR over 5 years was 4.45%, down 15bp from the previous month. The 5-year LPR reduction is in line with market expectations, but the 15bp reduction is the largest since the LPR reform in August 2019 and the only single reduction of varieties with a period of more than 5 years. It is expected to further achieve the goal of stable growth by stimulating loan demand and improving the recovery of commercial housing sales and operating rate.
