Targeted fiscal easing
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中国市场周报：市场下跌2%；定向财政与货币宽松响应国务院部署；9月PMI回升-China Weekly Kickstart_ Markets lost 2%; Targeted fiscal and monetary easing measures follow State Council call; Higher PMIs in September
2026-10-21 18:37
3 October 2026 | 3:57PM HKT Portfolio Strategy Research CHINA WEEKLY KICKSTART MXCN/CSI300 lost 1.9%/1.8% in the shortened trading week. Our US economists pushed back their rate hike forecast to Dec from Oct on softer Aug core PCE. At the State Council meeting on Sep 28, Premier Li pledged incremental measures and reaffirmed the commitment to achieve the full-year growth targets. On Sep 29, policymakers announced a combination of targeted fiscal and monetary easing measures, including a 25bp cut in the PSL ...
中国财政：财政部批准额外发行5500亿元债券，确保实现全年经济增长目标-China_ MOF approves an additional RMB550bn bond issuance quota to ensure full-year growth target is reached
2026-10-21 18:37
11 October 2026 | 1:49PM HKT Economics Research China: MOF approves an additional RMB550bn bond issuance quota to ensure full-year growth target is reached Bottom line: Following the 28 September State Council meeting and credit easing measures announced on 29 September, the Ministry of Finance (MOF) recently approved an additional RMB550bn local government bond issuance quota using those quotas carried over from previous years, in line with our expectations. We expect government bond issuance and the deplo ...