China’s Finance Minister to hold briefing on Oct 12 firing up hopes for big stimulus

China’s Finance Minister to hold briefing on Oct 12 firing up hopes for big stimulus

The Straits Times - Business·2024-10-09 15:02

BEIJING – China will hold a briefing on fiscal policy on Oct 12 as investors look for additional measures to stimulate the world’s No. 2 economy.

The State Council Information Office announced the event on Oct 9. Finance Minister Lan Fo’an will introduce moves to strengthen fiscal policy to shore up growth and answer questions from reporters, according to the notice.

China’s CSI 300 Index pared losses on the news. The country’s 30-year government bond futures erased gains of as much as 0.8 per cent to trade little changed on speculation the nation may announce fiscal stimulus at the briefing.

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