China's central bank said it will step up financial support for technology innovation and consumption stimulation as part of a continued effort to revive economic growth.
The People's Bank of China also pledged to explore institutional arrangements to safeguard the capital market — potentially signaling more regular use of two new tools to provide liquidity to the stock market. It reiterated a pledge to lower interest rates and the reserve requirement ratio for banks “at an appropriate time” to promote growth, according to a statement posted on the central bank's website on Saturday that summarized its annual work meeting.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
China's economy has shown signs of recovery after officials rolled out a broad package of stimulus since late September, but the growth outlook remains challenging due to a possible second trade war with the US. Top leaders have signaled a more supportive stance regarding liquidity in 2025 in order to ensure banks have enough money to lend.
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
Separately, the country's foreign exchange regulator said on Saturday that it will encourage “high-quality foreign capital” to invest in China's domestic technology sector, according to a statement posted on the website of the State Administration of Foreign Exchange.
The government will optimize the management of overseas-traded Chinese companies' funds and continuously improve the supervision policies governing multinational corporations' capital, SAFE added.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
