May 31, the Chinese government network announced "the State Council on the issuance of a solid stabilization of the economy package of policy measures notice" (hereinafter referred to as "notice"), specifically including six aspects of 33 measures. In the afternoon of that day, A shares, Hong Kong stocks, the main indexes pulled up strongly, the GEM index rose more than 2%, the science and technology 50 index jumped more than 3%. Hong Kong Hang Seng Technology Index also rose more than 3%.

△ A-share industry sectors rose. Oriental Wealth Software Screenshot

Six major 33 measures to stabilize the economy

"Notice" requires that all regions and departments effectively assume the responsibility of stabilizing the macro-economy, the spirit of nails to grasp the CPC Central Committee, the State Council decision-making deployments to implement, effectively stabilize the economy of the second quarter, and strive to make the second half of the development of good foundation!

The government's efforts to stabilize the economy in the second quarter of this year will be based on a good foundation for the second half of the year.

Fiscal policy, *** there are seven measures, including further increase in value-added tax rebate policy; accelerate the progress of fiscal expenditure; accelerate the issuance and use of local government special bonds and expand the scope of support; good use of government financing guarantees and other policies; increase government procurement to support small and medium-sized enterprises; expand the implementation of social security fee deferral policy; increase the support of stabilization of jobs.

Monetary and financial policies, encourage the implementation of debt-servicing deferment for micro, small and medium-sized enterprises and self-employed businessmen, truck drivers' loans, and personal housing and consumer loans affected by the epidemic; increase support for inclusive small and micro loans; continue to promote a steady decline in real lending interest rates; improve the efficiency of financing in the capital market; and increase the support of financial institutions for infrastructure construction and major projects.

Stabilizing investment and promoting consumption and other policies **** 6, including accelerating the promotion of a number of proven water conservancy projects; accelerating the promotion of investment in transportation infrastructure; continuing to promote the construction of urban underground comprehensive pipeline corridors in accordance with local conditions; stabilizing and expanding private investment; promoting the standardized and healthy development of the platform economy; and stabilizing the increase in automobiles, home appliances and other bulk consumption.

Protecting food and energy security, the "Notice" calls for sound and perfect policies to guarantee food revenue; orderly release of high-quality coal production capacity under the premise of ensuring the safe, clean and efficient use of coal; urgently promote the implementation of a number of energy projects; improve the capacity and level of coal reserves; and strengthen the capacity of crude oil and other energy resources reserves.

Policies to ensure the stability of the industrial chain and supply chain include reducing the cost of water, electricity and network for market players; promoting the phased reduction and exemption of housing rents for market players; increasing the support for the relief of civil aviation and other industries affected by the epidemic; optimizing the policy on the resumption of production; improving the policy on the protection of transportation and logistics; coordinating and increasing the support for logistics hubs and logistics enterprises; and accelerating the promotion of major foreign investment projects to actively attract foreign investment. foreign investment projects to actively attract foreign investment.

Policies to protect basic livelihoods include the implementation of a phased support policy for housing provident funds; the improvement of employment and entrepreneurship support policies for the agricultural transfer population and rural labor force; and the improvement of social and livelihood protection measures.

A-share, Hong Kong stocks all power, consumption, technology sector strong

May 31, the A-share market, the main indexes in the early morning weak shock, near midday began to power, the afternoon strong rise, as of the close of business, the Shanghai index rose 1.19% to close at 3186.43 points. GEM index rose 2.33%, regaining the 2400 point mark, and the Sci-Tech 50 index jumped 3.37%. More than 3,000 stocks rose on the day, more than a hundred stocks stopped, the two cities combined turnover of more than 900 billion yuan, amplified compared with previous days. Shanghai, Shenzhen and Hong Kong through northbound funds net inflow of 13.865 billion yuan on the day, the third consecutive trading day substantial net inflow.

The day A-share semiconductor, wind power equipment, consumer electronics and other emerging growth sectors are outstanding performance, high speed rail electric, long surplus precision, Huaxing Yuanchuang, Puyuan Jingdian, Ying set core, etc. are closed "20CM" stop. Science and technology board of new stocks have risen, "AI four little dragons" one of the cloud from the science and technology that day rose more than 30%, once triggered a stop in the disk. Hong Kong stocks technology sector also performed strongly, the Hang Seng Technology Index rose more than 3% in the afternoon.

With the "618" and Dragon Boat Festival holiday approaching, A-share consumer sector also continued to power, food and beverage, tourism and hospitality industries, the concept of prepared dishes and other boards have risen. May 31, black sesame, Gan source food, sunshine dairy, Guanghong Holdings and other stocks rose, "King of the stock! "Guizhou Maotai is back to the 1800 yuan mark.

Recently a series of stable growth policy measures have come out to the market to convey confidence. Previously, on May 25, the national stabilization of the economy held a teleconference, requiring the previous National Standing Committee issued a package of policies to stabilize the economy to be introduced by the end of May to implement the details. And the latest "Notice" said that, in the near future, the General Office of the State Council will work with the relevant parties to carry out special supervision of the relevant provinces to stabilize growth and stabilize market players to protect employment.

PMI data released on May 31 showed that China's manufacturing Purchasing Managers' Index (PMI) was 49.6% in May, up 2.2 percentage points from the previous month, while the non-manufacturing PMI rose to 47.8%, a rebound of 5.9 percentage points. Huatai Securities commented that the national epidemic prevention and control measures are more refined, logistics has rebounded from the low point, and both production and demand end of the boom has been repaired. The country's overall logistics situation improved, the previously blocked logistics network gradually recovered, the supplier delivery time index rose sharply by 6.9 percentage points to 44.1%.

Zhejiang Securities said the new orders index rebounded 5.6 percentage points to 48.2 percent, stabilizing growth measures, demand improved significantly, the economic boom will be further boosted in June. "May service industry PMI index up 7.1 percentage points to 47.1%, the repair is stronger, we believe that with the implementation of normalized nucleic acid testing, the certainty of the bottoming out recovery of consumption is extremely strong, suggesting that the focus on the catering, airports, tourism, aviation, hotels and other consumer industry chain, and continue to be long on the chain of stable growth. "