The Political Bureau meeting on April 25 emphasized “focusing on stabilizing employment, enterprises, the market, and expectations.” “Stabilizing the market” and “stabilizing expectations” hold important positions in the “four stabilizations.” Recently, from the central to the local level, a series of policy measures have been released to send strong signals of stabilizing the market and expectations.
Increase macro-control efforts
On May 20, the new loan market quoted rates (LPR) for 1-year and over-5-year terms both decreased by 10 basis points, marking the first reduction within the year, aligned with market expectations.
As early as May 7, during a press conference held by the State Council’s Information Office, officials announced a package of significant financial policies, including a 0.1 percentage point reduction in policy interest rates and a 0.25 percentage point reduction in
