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DeepNewz, mobile.
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China's central bank chief, Pan Gongsheng, hints at a significant policy overhaul, including potential reforms in government bond trading and interest rates to stimulate growth and manage liquidity. This shift follows a cryptic quote from President Xi Jinping, signaling a major change in how China conducts monetary policy. The reforms may involve simplifying policy rates to focus on a single short-term rate to guide banks. The upcoming Third Plenum is expected to emphasize structural reforms supporting Xi's economic focus on technology and manufacturing.
#ChinaThirdPlenumWatch "The plenum is unlikely to announce the bold economic reforms long called for by many economists, entrepreneurs, and investors. Instead, it’s likely to focus on structural reforms to advance Xi’s economic focus on investment in technology, manufacturing,… https://t.co/OAyZWGzHna
China Sets the Stage for the Third Plenum: At the Lujiazui Forum, China’s central bank chief hinted at an expanded monetary policy toolkit, while the CSRC chair emphasized support for “hard tech” and the fostering of patient capital- https://t.co/3iz77KF6ub cc @AsiaPolicy
China’s Central Bank Hints at Major Policy Shift https://t.co/EDqwoLUvbv