Entering China1. The Information Office of the State Council will hold a press conference at 9 a.m. today, inviting Wu Qing, chairman of the China Securities Regulatory Commission, Liao Min, vice minister of finance, Li Zhong, vice minister of human resources and social security, Zou Lan, member of the party committee of the People’s Bank of China, and Xiao Yuanqi, deputy director of the State Administration of Financial Supervision and Administration, to introduce the relevant situation of vigorously promoting medium- and long-term capital entry into the market and promoting the high-quality development of the capital market, and answer questions from reporters.
2. After the deliberation and approval of the Central Financial Commission, the Central Financial Office, the China Securities Regulatory Commission and other six departments jointly issued the “Implementation Plan for Promoting the Entry of Medium and Long-term Funds into the Market”. It is mentioned that the proportion and stability of A-share investment in commercial insurance funds will be improved; optimize the investment management mechanism of the national social security fund and the basic pension insurance fund; improve the level of market-oriented investment and operation of enterprise (occupational) annuity funds; increase the size and proportion of equity funds; Optimize the investment ecology of the capital market.
3. The Central Committee of the Communist Party of China and the State Council issued the “Plan for Comprehensive Rural Revitalization (2024-2027)”. The goal is that by 2027, substantial progress will be made in the comprehensive revitalization of rural areas. It mentions that a new round of urbanization of the agricultural transfer population will be implemented to protect the legitimate land rights and interests of farmers who have settled in the city.
4. Foreign Ministry Spokesperson Mao Ning held a regular press conference yesterday. A reporter asked, have China and the United States communicated or are in the process of communicating on the tariff issue? Mao Ning said that China is willing to maintain communication with the US side, properly handle differences, expand mutually beneficial cooperation, and promote the stable, healthy and sustainable development of China-US relations.5. The Indian government is considering options to deal with potential U.S. trade actions, including trade deals, tariff cuts, and importing more U.S. goods. Among the options discussed, the government could buy more whiskey, steel and oil from the United States, people familiar with the matter said.
