What will be the impact of accelerating financial investment to support the real economy?

Epidemic, financial crisis, war and other factors make the market economy all over the world very depressed this year, even China is no exception. Just two days ago, five major banks, including Industrial and Commercial Bank of China, Bank of Communications and China Construction Bank, collectively issued an announcement focusing on "continuing to effectively play the role of big banks as pillars and efficiently serve the real economy."

This move has aroused public concern and will also have the following effects:

First, promoting the purchase of houses will help stabilize the real estate economy.

The real estate economy has always been controversial. Some people regard it as a virtual economy, but most people regard it as a real economy. Because the real estate development industry includes a series of behaviors such as sales and service, it is regarded as a virtual economy. It is not difficult to understand the real economy, because the commercial housing itself is a real thing.

Pushing forward 10 or even 20 years is a period of rapid development of the real estate industry. But in recent two or three years, the real estate industry has become no longer prosperous, and many people are reluctant to buy a house again. The main reason is that our income has decreased and the uncertainty in our life has increased.

At this critical juncture, in order to "keep the building afloat", several major banks have lowered their loan interest rates and increased their financial (loan) investment to stimulate the recovery of the real estate economy. Although this method is not enough to restore the real estate economy, it has promoted the real estate economy to a certain extent, relevant data show. From June to June in 2022, the sales of commercial housing reached 6,607.2 billion, while in June, the sales reached1773.5 billion, accounting for more than 1/4 of the total data, which also shows that the real estate industry is "picking up".

Second, promote consumption and keep the macroeconomic market from collapsing.

After three years of epidemic, especially this year's epidemic, everyone has become less willing to spend, and more is to save money to deal with some uncertain factors, such as the harm caused by the blockade. In this context, the market economy is doomed to decline, but this is certainly not what the country wants to see. Therefore, it is very necessary to increase financial input, issue appropriate coupons to the society and create some welfare-like activities to promote the consumer economy.

For example, my mother changed her usual ways this year and became "picky". However, some time ago, the city issued some coupons that were considered to be high. My mother couldn't help it. Shopping in the east, west, north and south cost nearly 2,000 yuan (including 800 yuan vouchers), which is a "big profit" in her view.

Third, protect the real industry and indirectly protect people's livelihood.

It can be said that almost every physical industry is having a hard time this year, and factories and merchants in some industries are still facing the risk of bankruptcy, and even have declared bankruptcy. When the enterprise collapses, it is not only the boss who suffers, but also the employees in the factory. When they lose their jobs, it means losing their financial resources, which will seriously threaten the survival of a family.

"Without tickets, there is no life", which is a phrase my daughter-in-law often talks about. In my opinion, the writing is not rough. In a difficult environment, the anti-strike ability of enterprises will decline, or even be at "zero". It is naturally good to borrow money to tide over the current difficulties at this time. It is possible to survive and even develop in the past, but it would be a "sad" thing to die in this "winter".

At present, it is undoubtedly a good thing to speed up financial investment, which is beneficial for us to face the predicament directly. But at the same time, we should also strengthen our confidence and work together with Qi Xin to overcome the difficulties. I believe that the long night will surely usher in the dawn.