Managed Credit Stabilization

The most likely path is that the lower 1.5% PSL rate and larger quotas slow the property downturn without creating a broad reflation cycle. Policy banks and selected commercial banks direct credit to unfinished housing, urban-village renovation and first-home mortgage support, improving sentiment but not reversing structural demand weakness.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.