The Huatai Securities Research Report said that in the past two weeks, from the Politburo meeting of the Central Committee to the National Standing Committee meeting, to the working meetings of ministries and departments, the policy focus has focused on the analysis of the economic situation in the first half of the year and policy arrangements for the second half of the year. The July Politburo meeting of the Central Committee called for “increased countercyclical adjustment efforts,” and emphasized speeding up fiscal spending and the use of bond funds. The focus in the third quarter was on the implementation and effectiveness of the stock policy. The pace and strength of fiscal policy in the second half of the year is the key to achieving economic growth goals. Judging from the policy arrangements of the National Assembly and the contents of the second half of the work meetings of various ministries and departments, it is necessary to seize the peak construction season in the third quarter to accelerate physical workload completion. “Double” and “six networks” are the main grippers; monetary policy is expected to seek dynamic balance in the multiple goals of steady growth, stable exchange rate, and risk prevention, and capital market policies focus on stabilizing the market, standardizing quantification, and preventing external risks.

The Huatai Securities Research Report said that in the past two weeks, from the Politburo meeting of the Central Committee to the National Standing Committee meeting, to the working meetings of ministries and departments, the policy focus has focused on the analysis of the economic situation in the first half of the year and policy arrangements for the second half of the year. The July Politburo meeting of the Central Committee called for “increased countercyclical adjustment efforts,” and emphasized speeding up fiscal spending and the use of bond funds. The focus in the third quarter was on the implementation and effectiveness of the stock policy. The pace and strength of fiscal policy in the second half of the year is the key to achieving economic growth goals. Judging from the policy arrangements of the National Assembly and the contents of the second half of the work meetings of various ministries and departments, it is necessary to seize the peak construction season in the third quarter to accelerate physical workload completion. “Double” and “six networks” are the main grippers; monetary policy is expected to seek dynamic balance in the multiple goals of steady growth, stable exchange rate, and risk prevention, and capital market policies focus on stabilizing the market, standardizing quantification, and preventing external risks.