People familiar with the matter revealed that the Chinese government is reported to launch the specific implementation plan of the "three major projects" as soon as this month. To this end, About S $ 191.5 billion), with a view to helping the stable real estate market.
Bloomberg quoted people familiar with the matter and said that the People's Bank of China considers policy tools such as special borrowing and mortgage supplementary loans (PSL) to provide medium and long -term low -cost funds through policy banks to support the "three major projects" in stages to support the "three major projects".Construction, the final amount may change.At the end of October, the CPC Central Committee's Financial Work Conference proposed to accelerate the construction of the "three major projects", which includes the infrastructure of affordable housing and urban village reconstruction and peaceful and urgent use infrastructure.
Reported that after the above news was released, the exchange rate of the RMB on the shore rebounded, and the decline in the day returned to about 7.288 yuan; China's 10 -year government bond yield also rose 1.75 basis points to 2.6625%, towards three three, towards threeThe largest single -day increase in a week.After closing on Tuesday (November 14), the FTSE A50 index futures rose 0.5%.
The economic recovery is slow, the demand for the property market is weak and difficult to vibrate. China is continuously increasing policy support. Recently, a number of financial stimulus measures have been sacrificed, including adding 10 trillion yuan of government bonds, increasing deficits, and issuing places in advance.New limits of debt.This round of trillion yuan in support will pass the supervisory supervision to resolutely determine the economic determination when the real estate crisis has not improved.
PSL's balance in October is about 2.9 trillion yuan. If the net increase in this round reaches 1 trillion yuan, its stock scale will exceed the high level at the end of 2019.This tool was established in 2014. The main purpose is to provide funds through policy banks to support shantytown renovation projects. The shed reform project has helped reverse the downturn in the real estate market at that time.And criticized.
Although the policy is out of China, the private economic activities are still overall. In October, credit data showed that the increase in social financing was lower than expected, and the increase in the amount of government bonds has leaped sharply. Enterprise borrowing is still weak.Bank financing has also shrunk significantly.
