10 trillion debt-for-equity swap, real estate tax policies will be introduced in the near future... One article to understand the NPC press conference
Starting from 2024, China will allocate 800 billion yuan from the annual increase in local government special bonds for five consecutive years, specifically for debt restructuring, with a cumulative potential to replace 4 trillion yuan in hidden debt. In addition, with the 6 trillion yuan debt ceiling approved by the National People's Congress Standing Committee this time, it will directly increase local debt resources by 10 trillion yuan.
This week, Hong Kong stocks' star stocks | Expectations of top brokerages merging are hyped! A-share trading is hot! China-affiliated brokerage stocks collectively soaring; shanghai electric group skyrocketed by 62% in one week, officially announcing merg
This week, the Hong Kong stock market ended four consecutive weeks of decline, with daily levels still fluctuating. The Hang Seng Index rose by 1.08% to 20,728.19 points; during the same period, the Hang Seng Tech Index rose by 4.11% to 4,668.26 points; the Hang Seng China Enterprises Index rose by 1.62% to 7,461.44 points.
How will the large-scale debt of 10 trillion affect the market? Institutions and public funds interpret it for the first time.
①Is the debt-to-equity policy meeting expectations? ②Institutions believe that large-scale debt restructuring is necessary and very timely; ③Improved liquidity is driving bond and pro-cyclical asset performance; ④There is still room for future incremental policies.
Express News | In October, China's PPI fell by 2.9% year-on-year.
Express News | In October, the CPI in China increased by 0.3% year-on-year.
How big is the impact of the 6 trillion yuan hidden debt replacement? Expert interpretation is here!
Experts say that the large-scale substitution measures reflect the central government's determination to resolve local government debt risks and promote economic growth, which helps stabilize and strengthen market confidence.