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The prefix of "moderately loose" monetary policy was "prudent" last year, and the prefix of "moderately loose" was adopted last time in 2010, which has not been used for more than ten years, so it is rare.The market fluctuated slightly, but after the A-shares closed at 3 o'clock, the Hong Kong stocks that closed at 4 o'clock started a surge mode: Hang Seng Technology rose by 4.3%, Hang Seng Index rose by 2.76%, and the rising time was around 15: 20.This is very close to the time when the full draft of the meeting was released. Let me show you some of the contents:

The prefix of "more active" fiscal policy last year was "active" fiscal policy, so a comparison is a progressive relationship;Implement a more active fiscal policy and a moderately loose monetary policy.Promote the integrated development of scientific and technological innovation and industrial innovation, stabilize the property market and stock market, and prevent and resolve risks and external shocks in key areas.

Steady is the key word. Our goal is not to stimulate the stock market, but to develop the economy and transmit it to the economy.We should vigorously boost consumption, improve investment efficiency and expand domestic demand in all directions.The fiscal policy mentioned above, the 1 trillion special national debt that we started to issue this year, belongs to fiscal policy. 300 billion yuan has been spent on the trade-in activities of home appliances and cars, and many families should enjoy this preferential treatment, which has an obvious effect on stimulating consumption. The year-on-year growth rate of total retail sales of consumer goods in September and October increased from 2.X to 4.8% in October.