National Two Sessions Policy Preview Closed-Door Seminar: Recommend implementing a moderate overall interest rate cut, with at least 50 basis points or more for the entire year

PANews February 8 News, according to Jinshi and 21 Finance reports, recently hosted the “National Two Sessions Policy Forward-Looking Closed-Door Seminar” at the Beijing Advanced Research Institute of Jiangxi University of Finance and Economics, organized by Jiangxi University of Finance and Economics and the China New Economy Forum. The meeting was chaired by NPC member Yin Yanlin, and Vice President Li Chungen of Jiangxi University of Finance and Economics attended and delivered a speech. Experts attending the meeting suggested that, first, this year’s fiscal policy should play a greater regulatory role, with the deficit ratio being higher than or at least not lower than the previous year, increasing the scale of government bond issuance, and expanding total expenditure; second, current actual financing costs remain relatively high. To stimulate investment and consumption, a moderate overall interest rate cut should be implemented, with at least 50 basis points reduction throughout the year, along with better utilization of the reserve requirement ratio (RRR) cut space; third, strengthen the coordination of fiscal and monetary policies, better leverage new financial policy tools, appropriately expand their scale, and realize the leverage effect to stimulate investment; fourth, to stabilize investment and boost consumption, it is necessary to quickly restore the basic conditions for effective credit issuance and increase efforts to stabilize the real estate market.