HSBC China has 5 options to boost the economy-quickchm

HSBC: China have 5 choices to boost the economy of the U.S. stock market center: exclusive national industry sector stocks, premarket after hours, ETF, real-time quotes stock warrants Sina News 2 reported CNBC, HSBC report pointed out that Chinese decision makers can in the 5 aspects of force to promote economic development, which is the supply side reform purchase subsidies, reduce the corporate tax, etc.. The HSBC economists in Tuesday’s report pointed out that the weak data and the downturn in the stock market so sensitive to the market worried about Chinese economic slowdown, "Chinese on economic concerns over the past few weeks there has been more obvious, which increased the sensitivity of the market." At the point of the market, HSBC pointed out that "Chinese policymakers should timely and timely launch a basket of convincing policies to promote economic growth, which should include more large-scale fiscal expansion measures, sustained monetary easing, and necessary supply side reform, etc.." Supply side reform of supply side reform includes the solution of overcapacity in the field of state-owned enterprises, the release of public facilities and services in the field of competition. HSBC expects that the Chinese government will announce relevant measures before the National People’s Congress meeting in March. HSBC official data show that in 2015, China’s steel industry capacity has been reduced by 1.4-1.5%, is expected to continue to cut in 2016. Increasing monetary easing and new monetary easing may also be accompanied by increased flexibility in Renminbi trading, including allowing higher volatility in the renminbi. HSBC pointed out that China’s central bank should continue to cut interest rates. The deposit reserve rate containing 20 trillion yuan of liquidity potential should be appropriately reduced and appropriately released. We predict that China’s central bank will cut interest rates by 50 basis points and reduce the RRR by 400 basis points." Infrastructure investment, infrastructure investment is the third choice. Infrastructure investment accounts for 1/4 of the total investment, supporting many industries, such as transportation equipment manufacturing, HSBC said." HSBC said, "the Chinese government has approved a series of infrastructure projects covering railway, urbanization related infrastructure, environmental protection and so on. This means that once the project financing is in place, it will soon start building." HSBC also said infrastructure financing could be made through raising the amount of local government debt or issuing bonds through policy banks. Housing subsidies, housing subsidies, especially for the 270 million population of migrant workers housing subsidies, help stabilize the real estate industry. HSBC pointed out, "housing investment in 2015 fell sharply from 10% to 1%, which makes China’s GDP shrink by 1%. If the real estate industry returns to stability, it will help to support economic growth." HSBC estimates that the new migrant workers have 70-80% already living in the three or four tier cities and lack of funds to buy a house. This group has no economic strength to buy a house in the city. Reducing corporate tax, reducing corporate tax and enterprise burden is also a policy option. HSBC proposes additional tax reform to expand to service sector. Insurance, social security and other expenses accounted for a large proportion of enterprise monthly wage expenditure, should be 6

汇丰:中国拥有提振经济的5大选择 美股行情中心:独家提供全美股行业板块、盘前盘后、ETF、权证实时行情   新浪美股讯 2日CNBC报道,汇丰报告指出,中国决策者能够在5大方面发力来推动经济发展,分别是供应端改革、购房补贴、降低企业税等。   汇丰银行的经济学家在周二的报告中指出,疲软的数据和低迷的股市令敏感的市场担心中国经济放缓,“对中国经济的关注一直存在,过去几周来更加明显,这加大了市场的敏感度。” 市场一角   汇丰银行指出,“中国决策者应当应时、及时推出一篮子令人信服的政策来推动经济增长,其中应包括更大规模的财政扩张措施、持续的货币宽松、必要的供应端改革等。”   供应端改革   供应端改革包括解决国有企业领域的产能过剩,放开公用设施及服务领域的竞争。汇丰银行预计,在3月份召开的全国人大会议之前,中国政府将会公布相关措施。   汇丰原因官方数据显示,在2015年中国钢铁行业的产能已经削减1.4-1.5%,预计2016年将会继续削减。   加大货币宽松   新的货币宽松可能还伴随着提高人民币交易的灵活性,其中包括允许人民币存在更高波动性。   汇丰银行指出,“中国央行应继续降低利率。存款准备金率蕴藏20万亿元人民币的流动性潜力,应当合理降准适当释放。我们预测,中国央行将会降低利率50个基点,降低存准率400个基点。”   基础设施建设投资   基建投资是第3个选择。汇丰指出,”基础设施投资占总投资的四分之一,支撑着交通运输设备制造业等众多行业。”   汇丰认为,“中国政府已经批准一系列基建项目,涵盖铁路、城市化相关的基础设施建筑、环境保护等方面。这意味着一旦项目融资到位很快就会开建。”汇丰银行还说,基础设施建设融资可以通过提高地方政府举债额度,或通过政策性银行发债。   购房补贴   购房补贴,尤其针对2.7亿人口的外来务工人员购房补贴,有助于稳定房地产业。   汇丰指出,“2015年住房投资从10.%大幅下滑至1%,这令中国GDP缩水1%。如果房地产业恢复稳定,将有助于支持经济增长。”   汇丰银行估算,新增的外来务工人员有70-80%已经生活在三四线城市且缺乏资金买房。这一群体没有经济实力在所在城市买房。   降低企业税   降低企业税和企业负担也是一种政策选择。汇丰建议,附加税改革将扩大范围至服务业。保险、社保等费用支出占企业月度工资支出的比重很大,应当合理削减。   汇丰预计,各类保险社保项目中的前两大项如果降低1个百分点,企业则可节省支出3800亿元人民币,合577.8亿美元,这相当于GDP的0.5个百分点左右。   (翻译:黄永亮) 责任编辑:黄永亮 SF156相关的主题文章:

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