Shanghai Securities News: Strengthening the domestic large cycle and then raising the "start gun", expanding the policy of increasing both stock and incremental demand.

Experts believe that in order to strengthen the domestic circulation and promote the formation of strong forces to expand domestic demand, existing policies will be implemented more quickly in the second half of the year. Wen Bin, chief economist at Minsheng Bank, believes that there is still significant room for expanding domestic demand through existing policies. The introduction of new policy financial instruments is considered to be the most highly anticipated policy tool for the second half of the year. It is reported that the relevant implementation plan for new policy financial instruments is currently seeking opinions, and some regions are preparing projects based on the draft opinions. The total amount of this round of new policy financial instruments may be 500 billion yuan. Several departments have already indicated that the policy "toolbox" is rich and they are strengthening policy reserves, and will release them in a timely manner according to market changes. Wang Qing, chief macro analyst at Orient Securities, believes that new measures to expand domestic demand may be introduced in the second half of the year, including issuing super-long special government bonds, significantly increasing the amount of support for replacing old with new products, expanding the coverage of the old-for-new policy, and further enhancing the consumption promotion effect.