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Overall, this is a good thing for A shares.The prefix of "more active" fiscal policy last year was "active" fiscal policy, so a comparison is a progressive relationship;If you carefully understand these changes in wording, you can feel the great difference.

Promote the integrated development of scientific and technological innovation and industrial innovation, stabilize the property market and stock market, and prevent and resolve risks and external shocks in key areas.Steady is the key word. Our goal is not to stimulate the stock market, but to develop the economy and transmit it to the economy.

We should vigorously boost consumption, improve investment efficiency and expand domestic demand in all directions.We should vigorously boost consumption, improve investment efficiency and expand domestic demand in all directions.The prefix of "moderately loose" monetary policy was "prudent" last year, and the prefix of "moderately loose" was adopted last time in 2010, which has not been used for more than ten years, so it is rare.