Shanghai Securities News: Policy to expand domestic demand will be implemented faster

Experts believe that in order to strengthen the domestic circulation and promote the formation of a strong domestic demand, existing policies will be implemented more quickly in the second half of the year. Wen Bin, Chief Economist of Minsheng Bank, believes that there is still a lot of room for existing policies to expand domestic demand. For example, in terms of fiscal policy, there is still over 7 trillion yuan in broad fiscal space in the second half of the year, with remaining quotas of 4.03 trillion yuan for deficits, 2.24 trillion yuan for special bonds, and 745 billion yuan for ultra-long-term special national bonds. After the fiscal funds are in place, the special funding of 138 billion yuan for the "old for new" replacement will also be disbursed in two installments in July and October. It is reported that the implementation plans for new types of policy-based financial instruments are currently being solicited for opinions, and some places are preparing projects based on the draft for opinions. The total amount of the new type of policy-based financial instruments in this round may be 500 billion yuan.