Invesco Great Wall Fund pointed out that the Ministry of Finance today made positive statements, with many new propositions, such as "China's finance has enough resilience to achieve this year's budget target", "Central finance still has a large amount of borrowing space and deficit space", "Proposed once-increase of a large-scale debt limit", "This policy about to be implemented is the largest supportive measure for debt conversion in recent years", etc. At the same time, this year's fiscal deficit is relatively large, spending intensity lags behind the budget, and fiscal expenditure intensity has not been effectively used for counter-cyclical regulation. However, today's press conference, the Ministry of Finance clearly stated that it can achieve the full-year budget target, indicating that the intensity of fiscal expenditure over the following months is expected to increase, better supporting economic stabilization and recovery. A more proactive statement is that the Ministry of Finance has stated that central finance still has a large amount of borrowing space and deficit space, which is also what the market has always been expecting the central finance to exert more efforts. Although the specific scale was not mentioned, it fully demonstrates the fiscal capability and willingness to the market, and market confidence is expected to increase.