SIM selected and Comments (Dec. 4)

 1, the State Council meeting identified nine financial policies and measures to promote economic development
China News: Chinese Premier Wen Jiabao chaired a State Council 3 executive meeting to study the deployment of the current financial policies and measures to promote economic development.
Noted that cope with the international financial crisis and maintain stable and rapid economic development, we must seriously implement a proactive fiscal policy and loose monetary policy, and further increase financial support for economic development. To improve the supporting policies and measures adopted and innovative institutional mechanisms to mobilize the business banks to increase credit initiative, enhanced ability to withstand risks of financial institutions, the formation of banks, securities, insurance, and many expansion financing, risk diversification efforts, and better play to the financial support economic growth and promote the role of structural adjustment.
【 Comments】 At present, the the enthusiasm of credit, the management will expand the securities, insurance, financing and so the ability to stabilize the stock market operation, to expand the scale of bond issuance and increase insurance cover to play and financing functions to guide the insurance companies and other debt investments of transportation, communications, energy, infrastructure and rural infrastructure projects, and from watching the stock market measures, the first stable, re-financing, the goal for the real economy will not change. (The good news for the macro impact on the market, market neutral)
2, the State Department added an additional policy banks loan size in 2008
China News: BEIJING, Dec. 3, Premier Wen Jiabao chaired a State Council executive meeting today to study the deployment of the current financial policies and measures to promote economic development.   The meeting studied to determine the financial policies and measures to promote economic development, including: the implementation of appropriate monetary policies to promote steady growth of monetary credit. the integrated use of the deposit reserve ratio, interest rates, exchange rates and other means, to maintain adequate liquidity of the banking system supply, additional policy banks the size of loans 100 billion yuan in 2008.