China's Central Finance Office Said Macroeconomic Policies Will Continue To Provide Support For Economic Recovery; Announced Issuance Of An Additional 1T Yuan Of Treasury Bonds This Year, As Well As Cuts In Interest Rates, Tax And Fee Cuts
Portfolio Pulse from Charles Gross
China's Central Finance Office announced that macroeconomic policies will persist in supporting economic recovery. This includes the issuance of an additional 1 trillion yuan in treasury bonds and measures such as interest rate cuts, and tax and fee reductions, as reported by Reuters citing state media.
December 17, 2023 | 11:53 pm
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POSITIVE IMPACT
The iShares China Large-Cap ETF (FXI) may see a positive impact as China's Central Finance Office commits to economic support, potentially improving the performance of large-cap Chinese companies.
The announcement of additional treasury bonds and supportive macroeconomic policies in China is likely to stimulate the Chinese economy, which could lead to improved earnings and growth prospects for companies within the FXI ETF. This positive economic backdrop is expected to be beneficial for the ETF's performance in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80