CCTV News: Expectations are the key to market confidence. Under the complex and severe domestic and international situation, the key to stabilizing expectations is to timely introduce powerful and effective policy measures in light of changes in the situation. Since the beginning of this year, China has continued to launch a package of incremental reserve policies, and the "policy combination punch" continues to make efforts.
On April 24, the 2025 ultra-long-term special treasury bonds were issued for the first time. Compared with 2024, the issuance time was about one month ahead of schedule, which will promote the accelerated implementation of the "two-fold" and "two-new" policies, thereby accelerating the release of domestic investment demand.
On May 7, the People's Bank of China announced that my country will lower the reserve requirement ratio of financial institutions by 0.5 percentage points, and is expected to provide the market with a long-term liquidity of about 1 trillion yuan. The policy interest rate was lowered by 0.1 percentage point. The interest rate cut and the reserve requirement ratio will provide strong support for stabilizing expectations and other things.
This year, aiming at the problem of insufficient capital for project construction, my country will also establish new policy financial instruments.
Big strength!
In terms of expanding effective investment, this year, the list of "two-level" construction projects has appeared for the first time on the list of large and medium-sized irrigation areas, large and medium-sized water diversion projects, and intercity railway construction of key urban agglomerations. The field of equipment updates continues to expand. At the same time, more funds are supported for the construction of major engineering projects. 1.3 trillion yuan of ultra-long-term special government bonds, an increase of 300 billion yuan over last year.
In terms of promoting the development of the private economy, this year, my country will launch high-quality projects with a total investment scale of about 3 trillion yuan to private enterprises in key areas such as transportation and energy. In the nuclear power field that has been opened to private enterprises, the proportion of private capital in some projects has reached 20%; in the fields of industrial equipment renewal, some private enterprises account for more than 80%.
This year, my country continues to reduce the negative list of market access. The latest version of the list has been reduced to 106 items, a 30% reduction from the first version. A large number of industry access restrictions have been relaxed and barriers have been removed, and all types of business entities can see and enter.
