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

On June 30, the article stated that for the second half of the year, many experts believe that fiscal policy will speed up the implementation of existing policies, with the focus on issuing and using ultra-long-term special treasury bonds and local government special bonds as soon as possible. In the future, depending on economic performance, fiscal incremental reserve policies are expected to be introduced in a timely manner to increase domestic demand. Possible measures include additional issuance of ultra-long-term special treasury bonds and the establishment of new policy-based financial instruments. "It is expected that in the second half of the year, the finance department will raise an additional 500 billion yuan to 1 trillion yuan in incremental funds to hedge the impact of external uncertainty. The finance department may increase its support for consumption and investment, and at the same time increase its support for local governments and increase local available financial resources." Tan Zhuo, assistant general manager of China Merchants Bank Research Institute, said that fiscal strengthening methods may include additional issuance of ultra-long-term special treasury bonds and the establishment of new policy financial instruments. (China Securities News)

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