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Overall, this is a good thing for A shares.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.This is very close to the time when the full draft of the meeting was released. Let me show you some of the contents:

After the terminal consumption, it has an obvious pulling effect on the middle industry, and the PMI in October and November has also returned to above 50.If you carefully understand these changes in wording, you can feel the great difference.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.

Implement a more active fiscal policy and a moderately loose monetary policy.Overall, this is a good thing for A shares.