Chen Maobo: This year's fiscal deficit exceeds 200 billion, the global "flood flooding" may cause asset prices to rise sharply

Financial News

Written by: Xu Shihao

2020-04-24 16:02

Affected by the "New Coronary Pneumonia" epidemic and the worsening economy, the government has launched two rounds of epidemic prevention funds, involving more than 280 billion yuan, accounting for 9.5% of GDP. The Financial Secretary Chen Maobo said that the scale of the epidemic prevention fund is unprecedented, and measures need to consider the future social situation of Hong Kong, including the global "flood flooding", will it cause asset prices to soar.

He was interviewed by "Kai TV" and said that after launching the epidemic prevention fund, this year's fiscal deficit was "two or three hundred billion yuan, not to dump", but he did not consider issuing debt to raise money. He also said that he hopes to distribute $ 10,000 to the public as soon as possible.

A new system has been introduced to monitor financial market trends

As for the global central bank that has adopted quantitative easing measures to cope with the impact of the epidemic on enterprises and the economy, Chen Maobo believes that there is no way out of it. , And the contradiction between the rich and the poor in society is more opposite.

The financial market has continued to fluctuate recently, and the stock market has risen and fallen by more than 1,000 points. Chen Maobo said that a new system has been introduced to communicate with multiple regulators every day to monitor market trends, including hedge fund trends.

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Chen Maobo