China’s central bank, finance ministry hold first joint conference on economy

China’s central bank and finance ministry held their first joint working group meeting on the treasury bond trade, a sign of closer monetary and fiscal policy coordination as Beijing strives for its “around 5 per cent” economic growth target.

The two sides also exchanged views on China’s bond market development, vowing to provide “appropriate environment” for government bond trade, according to a People’s Bank of China statement on Wednesday.

The move came at a time when the market has speculated about more fiscal stimulus after the central bank announced a larger than expected interest rate cut late last month and the top leadership pledged policy coordination to stabilise the economic growth at the Politburo meeting.

Separately, the Ministry of Finance is set to convene a press conference on Saturday to introduce work on strengthening countercyclical adjustment of fiscal policy and promoting economic development.

Finance minister Lan Fuan is expected to brief the media and take questions.

Beijing has also resorted to issuing more long-term government bonds to help fund the economy.

Темы и теги

Китай Экономика и Бизнес

Министерство финансов совместный конференция Центральный банк экономика Министерство центрального банка первый облигация денежно-кредитный