At 9 a.m. today, the State Council Information Office held a press conference, inviting the heads of the People's Bank of China, the National Financial Regulatory Administration, and the China Securities Regulatory Commission to introduce the relevant situation regarding "a package of financial policies to support market stabilization and expectation stabilization."
At the press conference, Li Yunze, Director of the National Financial Regulatory Administration, introduced that the Administration will soon launch eight incremental policies:
First, accelerate the introduction of a series of financing systems tailored to the new model of real estate development, to help sustain and consolidate the stable momentum of the real estate market.
Second, further expand the scope of pilot programs for long-term investment by insurance funds, introducing more incremental funds into the market.
Third, adjust and optimize regulatory rules, further reduce the risk factors for insurance companies' stock investments, and support the stabilization and activation of the capital market.
Fourth, expeditiously introduce a package of policies to support financing for small and micro enterprises and private enterprises, deepen and implement the financing coordination mechanism, and help stabilize enterprises and the economy.
Fifth, formulate and implement a series of policy measures for the banking and insurance industries to support the development of foreign trade, provide precise services to market entities significantly affected by tariffs, and fully assist in stabilizing operations and expanding markets.
Sixth, revise and issue the administrative measures for M&A loans to promote accelerated industrial transformation and upgrading.
Seventh, expand the entities eligible to initiate the establishment of financial asset investment companies to include qualified national commercial banks, and increase investment in science and technology innovation enterprises.
Eighth, formulate opinions on the high-quality development of technology insurance to better play its role in risk sharing and compensation, and effectively provide strong support for scientific and technological innovation.