China's Finance Ministry Announces New Policy Measures

According to PANews, China International Capital Corporation (CICC) has released a report indicating that the Ministry of Finance's recent positive stance is likely to boost investor confidence. The report highlights that the policy signals are currently forming. On Saturday, the Ministry of Finance announced a series of incremental policy measures during a press conference held by the State Council Information Office. In this context, CICC believes that after recent market adjustments, there is potential for renewed investor confidence. In the short term, the market is expected to stabilize and halt its decline. However, the recovery slope may be significantly slower compared to the pre-holiday period. Moving forward, attention should be focused on the upcoming National People's Congress Standing Committee meeting at the end of this month, where specific fiscal plans will be reviewed.