National Two Sessions Policy Outlook Closed-Door Seminar: Proposals to increase national debt issuance, lower interest rates, and stabilize the housing market.

Recently, the "National Two Sessions Policy Preview Closed-door Seminar" hosted by Jiangxi University of Finance and Economics and the China New Economic Forum was held at the Beijing Advanced Research Institute of Jiangxi University of Finance and Economics. The meeting was chaired by National People's Congress delegate Yin Yanlin, and Vice President of Jiangxi University of Finance and Economics, Li Chungeng, attended and delivered a speech. Experts at the meeting suggested: first, this year's fiscal policy should play a greater regulatory role, with the deficit ratio higher than or at least not lower than the previous year, increasing the scale of government bond issuance and expanding the total expenditure; second, the current actual financing costs are still high, to stimulate investment and consumption, there should be a significant overall interest rate cut, at least by 50 basis points throughout the year, while better utilizing the reserve requirement reduction space; third, to strengthen the coordination between fiscal policy and monetary policy, make better use of new financial policy tools, appropriately expand the scale, and achieve the leverage effect of investment; fourth, in order to stabilize investment, boost consumption, and quickly restore the conditions for effective credit deployment, efforts are needed to strengthen the stability of the real estate market.