China State Council report to NPC outlines monetary policy, financial regulation priorities

TREE NEWS update: China’s State Council submitted a report on financial work to the 25th session of the 14th National People’s Congress Standing Committee on Nov. 3 for deliberation. The report set out next steps across five areas, including continuing a moderately loose monetary policy, further strengthening and improving financial regulation, and improving financial services’ fit with the real economy. It also called for implementing monetary policy tools that support the capital market and supporting the market-oriented transition of financing platforms after their exit.