ETF期权交易可以使用策略保证金

Since the beginning of this year, geopolitical and economic conflicts and the epidemic situation have significantly intensified. On the income side, finance faces constraints from the weakness of the real economy, while on the expenditure side, it bears two major expenditure responsibilities: epidemic prevention and control, and enterprise assistance and relief. At the same time, debt repayment and interest payment, as well as grassroots "three guarantees", are also rigid expenditures. This leads to a particularly significant responsibility for grassroots finance.1-7In January, the national local fiscal revenue decreased year-on-year7.6%, setting a new low for many years, and structurally experiencing new regional differentiation such as "rising in the west and falling in the east". Some regions have prominent financial contradictions, and the trend of open source and flow saving is imperative.


When local governments make every effort to alleviate financial conflicts, they should especially consider the positive and negative impacts. On the one hand, measures such as increasing income, reducing expenses, and borrowing can expand fiscal space and avoid local fiscal liquidity crises. On the other hand, some measures, such as increasing fees and fines, and reducing public service expenditures, are likely to harm the interests of specific entities. Some may weaken the effect of tax and fee reductions, while others may damage the business environment and confidence, weakening economic growth potential. Debt measures can be used as a strategy to slow down the situation or increase the risk of grey rhinoceros and black swan incidents.


In the medium to long term, solving local financial problems not only lies in optimizing the business environment and developing the economy, but also in improving the entire national governance system. As for the latter, local financial reform is an important component of the national financial system reform and modernization of the governance system. Local governments should implement reform measures at the national level, such as clarifying the relationship between the government and the market, determining and reasonably dividing the functions and powers of governments at all levels, and matching financial resources with expenditure responsibilities; Refine troops and streamline administration, and ensure that the scale of financial support personnel is in line with the negative population growth situation; Promote reforms in the tax system, state-owned assets, and social security.