According to Jinshi, today the Shanghai Composite Index rose from more than 2,800 points to 3,000 integers, and the main contracts of the four major stock index futures all rose by more than 5%. Yesterday, the central bank made a rare series of moves, lowering the deposit reserve ratio and policy interest rate, lowering the interest rate of existing mortgage loans and unifying the minimum down payment ratio for mortgage loans, and creating new policy tools to support the development of the stock market.

Multiple positive news came out again in today's important meeting. It mentioned that we should issue and use ultra-long-term special treasury bonds and local government special bonds to better play the leading role of government investment; we should lower the deposit reserve ratio and implement a forceful interest rate cut; we should work hard to boost the capital market, vigorously guide medium- and long-term funds into the market, and clear the bottlenecks for social security, insurance, wealth management and other funds to enter the market; we should support mergers and acquisitions of listed companies, steadily advance the reform of public funds, and study and introduce policy measures to protect small and medium-sized investors.

Overall, yesterday's move by the central bank was just a prelude. There are still many policies worth looking forward to in the future. Market confidence has been significantly boosted, and the stock market, which had fallen sharply before, has seen a strong rebound, and there is no clear sign of an end yet.