#长期持有策略 , but the upcoming Federal Reserve meeting is crucial, and it all depends on Powell's speech attitude.

Now let's talk about our situation, there are a few core data points:

First, the deficit rate is set at 4%. Previously, we mainly focused on 3, which is the first time in recent years that the deficit rate has been increased. To explain, this means the government is willing to take responsibility, which means they are willing to inject liquidity.

Second, the inflation target is set at 2%. Previously it was 3, but now the monthly CPI is around 0.x, making the 3 target too far-fetched.

This adjustment is a positive sign, indicating that the higher-ups have recognized the problems and are facing them. This is a very significant positive development.

Third, the issuance of 1.3 trillion in special government bonds, which is slightly less than market expectations, but there is one point worth noting: this time 500 billion was issued to support state-owned large commercial banks in replenishing capital.

There are rumors that this will save the banks; this has now come to fruition. Why do banks, which make substantial profits every day, still need to issue bonds to them? Because although banks are profitable, they also bear the huge burden of the real estate crisis. Saving the real estate sector is too difficult, so it is better to support the banks as a backup.