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CN MOF To Launch Package of Targeted Incremental Policies Soon
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China's State Council Information Office (SCIO) held a press conference last Saturday (12th), at which Minister of Finance Lan Foan said that the Ministry of Finance (MOF) will successively roll out a package of targeted incremental policy measures in the near future, on the basis of accelerating the implementation of established policies, focusing on stabilizing growth, expanding domestic demand and mitigating risks. This package of incremental policies includes supporting local governments in resolving hidden debts, supporting large state-owned commercial banks in replenishing core tier-one capital, supporting the promotion of the real estate market to cease downfall with stability, elevating support and protection for key groups, and many other aspects. The MOF will increase the debt quota on a larger scale to support local governments in resolving hidden debts, so that they can free up more energy and financial resources to drive growth. AAStocks Financial News |
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