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10 trillion debt-for-equity swap, real estate tax policies will be introduced in the near future... One article to understand the NPC press conference
Starting from 2024, China will allocate 800 billion yuan from the annual increase in local government special bonds for five consecutive years, specifically for debt restructuring, with a cumulative potential to replace 4 trillion yuan in hidden debt. In addition, with the 6 trillion yuan debt ceiling approved by the National People's Congress Standing Committee this time, it will directly increase local debt resources by 10 trillion yuan.
Shares of US-listed Chinese Stocks Are Trading Higher Amid Potential Hopes of a China Economic Stimulus Following Trump's Election Victory.
Express News | Ishares MSCI China ETF up 3.5%, Kraneshares CSI China ETF up 3.7%, ishares China Large-Cap ETF up 3.8%
Express News | Bilibili up 4.6%, Baidu up 2.1%, Gaotu Techedu up 4.2%
Express News | Li Auto up 2.2%, NIO up 3%, Xpeng up 4.4%, iQIYI up 2.8%
Express News | Alibaba Group Holding up 2.2%, JD.com up 3.1%, PDD Holdings up 2.5%
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