China's central bank, the People's Bank of China (PBOC), announced a series of financial measures to support economic growth and market stability amid global uncertainties. PBOC Governor Pan Gongsheng revealed an increase in the re-lending quota for science and technology innovation and industrial tech upgrades by 300 billion yuan, raising the total to 800 billion yuan (approximately $110 billion). Additionally, the PBOC will establish a new 500 billion yuan ($69.28 billion) re-lending facility to support consumption in the service sector and elderly care. The central bank also plans to cut the reserve requirement ratio (RRR) to lower banks' liability costs, with the average RRR expected to decline from 6.6% to 6.2%. The PBOC aims to maintain stability in foreign exchange, bond, and equity markets while enhancing liquidity and macro policy adjustments. The China Securities Regulatory Commission (CSRC), led by Chairman Wu Qing, announced reforms for tech boards, support for mergers and acquisitions among listed companies, and measures to bolster market resilience against external shocks such as U.S. tariffs. Wu highlighted the increasing attractiveness of Chinese assets amid global uncertainties and pledged to strengthen the capital market through revised management methods and risk-sharing mechanisms for sci-tech innovation bonds. The National Financial Regulatory Administration, headed by Li Yunze, introduced eight new policies including expanding pilots for long-term insurance fund investments and accelerating financing rules rollout to inject more capital into the market. These coordinated efforts by Chinese financial regulators aim to stabilize the property market, support foreign trade companies affected by tariffs, and promote equity mutual fund sales, reflecting a comprehensive approach to sustaining economic momentum and market confidence.
Insurance Rule Change May Channel Over USD18 Billion Into China’s Stock Market, Analyst Says https://t.co/84dcWJCBRm
コラム:中国なお「消極姿勢」、大規模金融緩和発表も財政悪化を懸念 https://t.co/berG76SOZA https://t.co/berG76SOZA
Facing mounting external pressures like the U.S. tariff hikes, China's A-share listed companies have demonstrated strong resilience and adaptability, said the chairman of the China Securities Regulatory Commission on Wednesday https://t.co/cpvH4YtvDn