FXStreet Summary: A List of Domestic Securities Institutions' Evaluations on the Ministry of Finance Press Conference

USHK News
2024.10.12 07:09

  1. CITIC Securities: Boosting market expectations, debt-to-equity conversion will be the focus of this round of fiscal policy.

  2. CGWS: In the next two to three years, local government debt will still be a focus, and the sustainability of this round of market trends is still worth looking forward to.

  3. Dongxing Securities Co., Ltd.: It is judged that the incremental scale of fiscal policy in this package of policies will not be less than 4 trillion, exceeding market expectations.

  4. Guotai Junan Securities: Today's press conference will help reduce market uncertainty about fiscal policy, boost confidence, and there is still room for policy deployment.

  5. Yuekai Securities: Increasing the debt limit to replace local government existing hidden debts is of significant importance to fiscal economy, and is conducive to implementing tax reduction and fee reduction.

  6. Minsheng Securities: The "incremental" content that the market is focusing on is full of substance, and the suspense of the "scale" of this round of incremental policies is expected to be implemented in the next two weeks.

  7. TF SECURITIES: This press conference is full-scale policy support, based on the same proportion calculation, this year's fiscal deficit is around 3 trillion, and it is estimated that this year may need to issue around 2 trillion yuan of national bonds

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