The Central Political Bureau meeting on April 25 emphasized the importance of “stabilizing employment, enterprises, markets, and expectations.” “Stabilizing markets” and “stabilizing expectations” hold significant positions in the “four stabilizations.” Recently, from central to local levels, a series of policy measures have been released to send strong signals of market and expectation stabilization.
Intensifying Macro-control
On May 20, the new Loan Market Quotation Rate (LPR) was announced, with both the one-year and over-five-year LPRs dropping by 10 basis points, marking the first reduction of the year, in line with market expectations.
As early as May 7, during a press conference, it was announced that a package of significant financial policies would be introduced, including a 0.1 percentage point cut in policy rates and a 0.25 percentage point reduction in structural
