Interpretation of Public Fund "A Package of Financial Policies": Incremental Fiscal Space May Open Up, Helping to Maintain the Vitality of A-shares

Jin10 reported on May 8 that public institutions pointed out that compared with the package of policies introduced on “9.24”, the priority of stabilizing the economy in this press conference is higher. The goal of this meeting’s policies focuses on boosting demand, and the policy inclination towards the technology industry is relatively strong. “This meeting is different from ‘9.24’, but does not change the upward trend of the market. First, the performance verification period has just passed, and the subsequent pressure from external demand may gradually become apparent. Second, the market position and risk preference at this meeting are significantly different from ‘9.24’. Third, the ‘9.24’ policy was a direct reversal of market expectations from ‘0 to 1’, while this meeting mainly implements the decisions made at the April Political Bureau meeting, and plays a role in ‘stabilizing expectations’ amidst the current intensifying changes in the external environment.”