Today's announcement was quite fierce, beyond most people's expectations:

1. Reduce the deposit reserve ratio by 0.5 percentage points, and provide about 1 trillion yuan of long-term liquidity to the financial market. (Loosening water)

2. Reduce the interest rate of existing mortgage loans. (The biggest highlight)

3. Unify the minimum down payment ratio for mortgage loans. (The down payment for the second home is also reduced to 15%)

4. Create new policy tools to support the development of the stock market. (Issuing bonds, loan repurchase of stocks)

5. The central bank's policy interest rate will be reduced, and the 7-day reverse repurchase operation rate will be reduced by 0.2 percentage points, from the current 1.7% to 1.5%. (Reduce the cost of funds for banks)

Today's press conference is really fierce. Every move is not small. The core is housing, stock market and banks, all of which are taken into account.