The fiscal incremental reserve policy is expected to be launched in due course

On June 30, the article said that for the second half of the year, many experts believe that the fiscal policy will speed up the implementation of the stock policy, focusing on the early issuance and use of ultra-long-term special government bonds and local government special project bonds. Depending on the economic operation, the fiscal incremental reserve policy is expected to be launched in a timely manner and up the ante to expand domestic demand. Possible measures include the issuance of ultra-long-term special government bonds and the establishment of new policy-based financial instruments. "It is expected that in the second half of the year, the fiscal will raise an additional 500 billion yuan to 1 trillion yuan of incremental funds to hedge the impact of external uncertainties. Fiscal support may be strengthened to support consumption and investment, and at the same time to support local governments and increase local available financial resources." Tan Zhuo, assistant general manager of China Merchants Bank Research Institute, said that the fiscal strengthening methods may include the issuance of super long-term special government bonds and the establishment of new policy financial instruments. (China Securities News)