China Securities Association convenes the Chief Economist Meeting for the Securities Fund Industry in the third quarter of 2024

Experts at the meeting suggested that in the next stage, it is necessary to increase the intensity of fiscal policies to promote the rapid implementation of fiscal funds. This includes expanding the use of national debt funds to support the "trade-in old for new" policy, continuously enhancing policy support for real estate, people's livelihood, and the development of private enterprises. It is important to accelerate the implementation of policies benefiting the people's livelihood through medical insurance, support the high-quality development of private enterprises, unleash potential consumer power, and restore future expectations. At the same time, it is necessary to closely monitor the impact of the Federal Reserve's interest rate cuts, guard against exchange rate overshooting risks, further increase exchange rate flexibility, strengthen expectation guidance, and maintain the stability of the RMB exchange rate at a reasonable and balanced level