gtja securities research reports believe that on September 24, the State Council Information Office's press conference on "Financial Support for High-Quality Economic Development" directly addresses pain points and challenges, with practical content, especially in terms of reserve requirement ratio cuts, interest rate reductions, lowering existing home loan rates, and supporting structural monetary policy tools in the capital markets. These measures play a positive role in risk prevention, stabilizing expectations, and boosting confidence; further stabilizing domestic demand requires coordinated efforts in fiscal policy. It is emphasized that the fiscal stimulus model needs to shift from the investment side to the consumer side, especially focusing on new urbanization, with central government increasing public services and social security expenditures to drive the recovery of intrinsic demand momentum in the private sector. The combination of loose monetary policy and loose credit effectively bridges the core contradictions in the current market. On one hand, after the reduction in existing home loan rates, the debt burden of the private sector significantly decreases, helping alleviate the risk asset liquidity pressure brought on by rising default rates; on the other hand, measures to structurally loosen credit in the stock market help long-term bond rates to moderately rise, achieving exchange rate stability.