According to Jinshi, the Institute of Finance of the Chinese Academy of Social Sciences held a press conference and seminar on the first quarter of 2024 for "China Macro-Financial Analysis". The analysis team suggested that in order to consolidate and enhance the upward trend of the economy, the macroeconomic policy in 2024 should continue the expansionary tone and pay more attention to sustainability, helping market players to repair their balance sheets to promote economic recovery. The central government should increase leverage moderately and give play to the counter-cyclical regulation and safe asset functions of treasury bonds; monetary policy should be more anchored to price targets, and reserve requirements should be lowered at the right time and interest rates should continue to be lowered by a large margin; both the supply and demand sides should continue to work hard to stabilize the real estate market and boost the confidence of home buyers and real estate companies.
