Markets Glued to China’s Politburo Meeting for Policy Clues

Bloomberg2021-07-29

(Bloomberg) -- After a week of market turmoil, China watchers are looking for signals from a key Politburo meeting this week on whether there’s more pain to come and if the central bank will step in ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Tadalada
2021-07-29
Tadalada
Pls like
JeromeLim
2021-07-29
JeromeLim
Huat huat huat
EdInvesting
2021-07-29
EdInvesting
Like and comment pls
EdInvesting
2021-07-29
EdInvesting
Like and comment pls
- MochiMama:
  ok
AppleMango
2021-07-29
AppleMango
Pls like n comments
jenx
2021-07-29
jenx
Sell n like
- AaronNg:
  Buy and like

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1166191537?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-07-29 13:49","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1166191537","market":"sh","top_or_hot":-1,"title":"Markets Glued to China’s Politburo Meeting for Policy Clues","media":"Bloomberg","content":"<div>\n<p>(Bloomberg) -- After a week of market turmoil, China watchers are looking for signals from a key Politburo meeting this week on whether there’s more pain to come and if the central bank will step in ...</p>\n\n<a href=\"https://finance.yahoo.com/news/markets-glued-china-politburo-meeting-012311030.html\">Source Link</a>\n\n</div>\n","source":"lsy1612507957220","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Markets Glued to China’s Politburo Meeting for Policy Clues</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMarkets Glued to China’s Politburo Meeting for Policy Clues\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-29 13:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/markets-glued-china-politburo-meeting-012311030.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- After a week of market turmoil, China watchers are looking for signals from a key Politburo meeting this week on whether there’s more pain to come and if the central bank will step in ...</p>\n\n<a href=\"https://finance.yahoo.com/news/markets-glued-china-politburo-meeting-012311030.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://finance.yahoo.com/news/markets-glued-china-politburo-meeting-012311030.html","article_id":"1166191537","we_media_id":null,"thumbnails":[],"rights":{"source":"lsy1612507957220","url":"https://finance.yahoo.com/news/markets-glued-china-politburo-meeting-012311030.html","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=1166191537","pubTimestamp":1627537781,"columns":[],"sourceInfo":{"source_id":"lsy1612507957220","name":"finance.yahoo"},"weMediaInfo":null,"summary":"(Bloomberg) -- After a week of market turmoil, China watchers are looking for signals from a key Pol","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"市场关注中国政治局会议寻求政策线索","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{},"content_text":"(Bloomberg) -- After a week of market turmoil, China watchers are looking for signals from a key Politburo meeting this week on whether there’s more pain to come and if the central bank will step in with support.\nThe July meeting of the Communist Party’s top leadership is typically when they review the economy’s performance in the first half and set policy priorities for the rest of the year. It’s taken on heightened significance this time around after authorities roiled financial markets with a spate of regulatory overhauls that tightened the state’s grip on industries from private education to technology and property.\nEconomists warn of more regulatory clampdowns to come as Beijing places greater focus on achieving longer-term social goals of reducing inequality, promoting fair competition, improving people’s livelihoods and lowering the cost of child-rearing. At the same time, policy makers could signal a shift toward more monetary and fiscal support as economic growth risks mount.\n“On the macro level, policies are likely to be looser on the margin, but on the micro level, intense regulatory tightening will probably continue,” Larry Hu, head of Greater China economics at Macquarie Group, said in a phone interview. The Politburo will likely reiterate its previous statement on regulating platform companies and strengthening anti-monopoly work, he said.\nWith Beijing expected to comfortably meet its growth target of more than 6% this year, authorities have a small window of about three to six months to push through structural reforms before growth pressures kick in next year, he said. In April, the 25-member Politburo vowed to “make good use” of the current period of low risks to growth.\nPolicy Hint\nWhile the high-level Politburo meetings chaired by President Xi Jinping usually don’t name specific sectors, any new phrasing or language singling out an issue could be a hint that preludes future clampdowns, said Zhou Hao, senior emerging markets economist at Commerzbank AG in Singapore.\nFor example, the Politburo said in its April meeting it will prevent speculation around soaring prices of housing in good school districts. Shortly after, the government imposed more property cooling measures across major cities.\nIn December, the Politburo vowed to strengthen anti-monopoly efforts to rein in what it called “disorderly capital expansion.” That was followed by a slew of regulatory actions in the tech sector this year, including a record $2.8 billion fine on Alibaba Group Holding Ltd., as well as measures to target speculation and hoarding in the commodities market.\n“Most of these regulatory actions involve industries where the speculation of capital has made a few people rich at the cost of the benefit of the public,” said Ding Shuang, chief economist for Greater China and North Asia at Standard Chartered Plc in Hong Kong. Apart from education and property, the next focus of policy reforms could be on the pricing of medical services and the elderly care industry, which are key to people’s livelihoods, he said.\nBeijing will also need to repair some of the damage done to investor confidence by its abrupt measures, with analysts looking out for signs of this in the Politburo meeting.\n“If the meeting emphasizes that the regulations will be carried out in an orderly manner, that could at least help improve the market sentiment temporarily,” Ding said.\nThere are signs Beijing wants to restore confidence after the market rout. The central bank boosted cash injections to the interbank market on Thursday, breaking out of its usual pattern of daily liquidity operations. On Wednesday, the securities regulator convened a meeting with major investment banks to ease fears about the regulations, while the state-run media also published a series of articles suggesting the sell-off was overdone.\nEasing Bias\nThe monetary policy stance will also be a focus in the Politburo statement after the People’s Bank of China surprised the market earlier this month by cutting the reserve requirement ratio for banks, unleashing more cash for them to lend.\nEconomists from Goldman Sachs Group Inc., Macquarie, Standard Chartered and Oversea-Chinese Banking Corp. project another RRR cut this year, which will inject liquidity to help banks repay 3.75 trillion-yuan worth of policy loans from the PBOC’s medium-term lending facility coming due before the end of the year.\nTommy Xie, head of Greater China research at OCBC, said interest rates are likely to be kept steady and the slowdown in credit growth since late last year may be bottoming out soon.\nThe government could also ramp up fiscal support to the economy in the second half and accelerate bond sales after a sharp slowdown in spending in the first six months of this year, according to Xu Hongcai, deputy director of the China Association of Policy Science’s economic policy committee, a government-linked think tank.\nFollowing the Politburo meeting, current and retired top leaders will typically spend early August huddled in the resort of Beidaihe to discuss long-term policy direction.","kind":"news","is_publish_news":false,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[{"id":808091484,"gmtCreate":1627541011948,"gmtModify":1703491984955,"author":{"id":"3572826093389291","authorId":"3572826093389291","name":"Tadalada","avatar":"https://static.tigerbbs.com/b72694826dfd7043f27335bde2e7e70b","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":12,"crmLevelSwitch":0,"wearingBadges":[],"authorIdStr":"3572826093389291","idStr":"3572826093389291"},"htmlText":"Pls like&nbsp;","listText":"Pls like&nbsp;","text":"Pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/808091484","repostId":1166191537,"repostType":4,"repost":{"id":"1166191537","kind":"news","pubTimestamp":1627537781,"share":"https://ttm.financial/m/news/1166191537?lang=en_US&edition=fundamental","pubTime":"2021-07-29 13:49","market":"sh","language":"en","title":"Markets Glued to China’s Politburo Meeting for Policy Clues","url":"https://stock-news.laohu8.com/highlight/detail?id=1166191537","media":"Bloomberg","summary":"(Bloomberg) -- After a week of market turmoil, China watchers are looking for signals from a key Pol","content":"<div>\n<p>(Bloomberg) -- After a week of market turmoil, China watchers are looking for signals from a key Politburo meeting this week on whether there’s more pain to come and if the central bank will step in ...</p>\n\n<a href=\"https://finance.yahoo.com/news/markets-glued-china-politburo-meeting-012311030.html\">Source Link</a>\n\n</div>\n","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Markets Glued to China’s Politburo Meeting for Policy Clues</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMarkets Glued to China’s Politburo Meeting for Policy Clues\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-29 13:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/markets-glued-china-politburo-meeting-012311030.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- After a week of market turmoil, China watchers are looking for signals from a key Politburo meeting this week on whether there’s more pain to come and if the central bank will step in ...</p>\n\n<a href=\"https://finance.yahoo.com/news/markets-glued-china-politburo-meeting-012311030.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/markets-glued-china-politburo-meeting-012311030.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1166191537","content_text":"(Bloomberg) -- After a week of market turmoil, China watchers are looking for signals from a key Politburo meeting this week on whether there’s more pain to come and if the central bank will step in with support.\nThe July meeting of the Communist Party’s top leadership is typically when they review the economy’s performance in the first half and set policy priorities for the rest of the year. It’s taken on heightened significance this time around after authorities roiled financial markets with a spate of regulatory overhauls that tightened the state’s grip on industries from private education to technology and property.\nEconomists warn of more regulatory clampdowns to come as Beijing places greater focus on achieving longer-term social goals of reducing inequality, promoting fair competition, improving people’s livelihoods and lowering the cost of child-rearing. At the same time, policy makers could signal a shift toward more monetary and fiscal support as economic growth risks mount.\n“On the macro level, policies are likely to be looser on the margin, but on the micro level, intense regulatory tightening will probably continue,” Larry Hu, head of Greater China economics at Macquarie Group, said in a phone interview. The Politburo will likely reiterate its previous statement on regulating platform companies and strengthening anti-monopoly work, he said.\nWith Beijing expected to comfortably meet its growth target of more than 6% this year, authorities have a small window of about three to six months to push through structural reforms before growth pressures kick in next year, he said. In April, the 25-member Politburo vowed to “make good use” of the current period of low risks to growth.\nPolicy Hint\nWhile the high-level Politburo meetings chaired by President Xi Jinping usually don’t name specific sectors, any new phrasing or language singling out an issue could be a hint that preludes future clampdowns, said Zhou Hao, senior emerging markets economist at Commerzbank AG in Singapore.\nFor example, the Politburo said in its April meeting it will prevent speculation around soaring prices of housing in good school districts. Shortly after, the government imposed more property cooling measures across major cities.\nIn December, the Politburo vowed to strengthen anti-monopoly efforts to rein in what it called “disorderly capital expansion.” That was followed by a slew of regulatory actions in the tech sector this year, including a record $2.8 billion fine on Alibaba Group Holding Ltd., as well as measures to target speculation and hoarding in the commodities market.\n“Most of these regulatory actions involve industries where the speculation of capital has made a few people rich at the cost of the benefit of the public,” said Ding Shuang, chief economist for Greater China and North Asia at Standard Chartered Plc in Hong Kong. Apart from education and property, the next focus of policy reforms could be on the pricing of medical services and the elderly care industry, which are key to people’s livelihoods, he said.\nBeijing will also need to repair some of the damage done to investor confidence by its abrupt measures, with analysts looking out for signs of this in the Politburo meeting.\n“If the meeting emphasizes that the regulations will be carried out in an orderly manner, that could at least help improve the market sentiment temporarily,” Ding said.\nThere are signs Beijing wants to restore confidence after the market rout. The central bank boosted cash injections to the interbank market on Thursday, breaking out of its usual pattern of daily liquidity operations. On Wednesday, the securities regulator convened a meeting with major investment banks to ease fears about the regulations, while the state-run media also published a series of articles suggesting the sell-off was overdone.\nEasing Bias\nThe monetary policy stance will also be a focus in the Politburo statement after the People’s Bank of China surprised the market earlier this month by cutting the reserve requirement ratio for banks, unleashing more cash for them to lend.\nEconomists from Goldman Sachs Group Inc., Macquarie, Standard Chartered and Oversea-Chinese Banking Corp. project another RRR cut this year, which will inject liquidity to help banks repay 3.75 trillion-yuan worth of policy loans from the PBOC’s medium-term lending facility coming due before the end of the year.\nTommy Xie, head of Greater China research at OCBC, said interest rates are likely to be kept steady and the slowdown in credit growth since late last year may be bottoming out soon.\nThe government could also ramp up fiscal support to the economy in the second half and accelerate bond sales after a sharp slowdown in spending in the first six months of this year, according to Xu Hongcai, deputy director of the China Association of Policy Science’s economic policy committee, a government-linked think tank.\nFollowing the Politburo meeting, current and retired top leaders will typically spend early August huddled in the resort of Beidaihe to discuss long-term policy direction.","news_type":1,"symbols_score_info":{}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":801774916,"gmtCreate":1627539492335,"gmtModify":1703491963302,"author":{"id":"3587032744649801","authorId":"3587032744649801","name":"JeromeLim","avatar":"https://static.tigerbbs.com/c658561fa4bd29c8ff80d04c9a0f0d14","vip":1,"crmLevel":12,"crmLevelSwitch":0,"wearingBadges":[{"badgeId":"1026c425416b44e0aac28c11a0848493-3","name":" Tiger Idol","description":"Join the tiger community for 1500 days","smallImgUrl":"https://static.tigerbbs.com/f160eceddd7c284a8e1136557615cfad","bigImgUrl":"https://static.tigerbbs.com/8b40ae7da5bf081a1c84df14bf9e6367","isScarce":0,"effectEnabled":0,"redirectLinkEnabled":0,"redirectLinkValidityFrom":0,"redirectLinkValidityTo":9223372036854776000}],"authorIdStr":"3587032744649801","idStr":"3587032744649801"},"htmlText":"Huat huat huat","listText":"Huat huat huat","text":"Huat huat huat","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/801774916","repostId":1166191537,"repostType":4,"repost":{"id":"1166191537","kind":"news","pubTimestamp":1627537781,"share":"https://ttm.financial/m/news/1166191537?lang=en_US&edition=fundamental","pubTime":"2021-07-29 13:49","market":"sh","language":"en","title":"Markets Glued to China’s Politburo Meeting for Policy Clues","url":"https://stock-news.laohu8.com/highlight/detail?id=1166191537","media":"Bloomberg","summary":"(Bloomberg) -- After a week of market turmoil, China watchers are looking for signals from a key Pol","content":"<div>\n<p>(Bloomberg) -- After a week of market turmoil, China watchers are looking for signals from a key Politburo meeting this week on whether there’s more pain to come and if the central bank will step in ...</p>\n\n<a href=\"https://finance.yahoo.com/news/markets-glued-china-politburo-meeting-012311030.html\">Source Link</a>\n\n</div>\n","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Markets Glued to China’s Politburo Meeting for Policy Clues</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMarkets Glued to China’s Politburo Meeting for Policy Clues\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-29 13:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/markets-glued-china-politburo-meeting-012311030.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- After a week of market turmoil, China watchers are looking for signals from a key Politburo meeting this week on whether there’s more pain to come and if the central bank will step in ...</p>\n\n<a href=\"https://finance.yahoo.com/news/markets-glued-china-politburo-meeting-012311030.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/markets-glued-china-politburo-meeting-012311030.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1166191537","content_text":"(Bloomberg) -- After a week of market turmoil, China watchers are looking for signals from a key Politburo meeting this week on whether there’s more pain to come and if the central bank will step in with support.\nThe July meeting of the Communist Party’s top leadership is typically when they review the economy’s performance in the first half and set policy priorities for the rest of the year. It’s taken on heightened significance this time around after authorities roiled financial markets with a spate of regulatory overhauls that tightened the state’s grip on industries from private education to technology and property.\nEconomists warn of more regulatory clampdowns to come as Beijing places greater focus on achieving longer-term social goals of reducing inequality, promoting fair competition, improving people’s livelihoods and lowering the cost of child-rearing. At the same time, policy makers could signal a shift toward more monetary and fiscal support as economic growth risks mount.\n“On the macro level, policies are likely to be looser on the margin, but on the micro level, intense regulatory tightening will probably continue,” Larry Hu, head of Greater China economics at Macquarie Group, said in a phone interview. The Politburo will likely reiterate its previous statement on regulating platform companies and strengthening anti-monopoly work, he said.\nWith Beijing expected to comfortably meet its growth target of more than 6% this year, authorities have a small window of about three to six months to push through structural reforms before growth pressures kick in next year, he said. In April, the 25-member Politburo vowed to “make good use” of the current period of low risks to growth.\nPolicy Hint\nWhile the high-level Politburo meetings chaired by President Xi Jinping usually don’t name specific sectors, any new phrasing or language singling out an issue could be a hint that preludes future clampdowns, said Zhou Hao, senior emerging markets economist at Commerzbank AG in Singapore.\nFor example, the Politburo said in its April meeting it will prevent speculation around soaring prices of housing in good school districts. Shortly after, the government imposed more property cooling measures across major cities.\nIn December, the Politburo vowed to strengthen anti-monopoly efforts to rein in what it called “disorderly capital expansion.” That was followed by a slew of regulatory actions in the tech sector this year, including a record $2.8 billion fine on Alibaba Group Holding Ltd., as well as measures to target speculation and hoarding in the commodities market.\n“Most of these regulatory actions involve industries where the speculation of capital has made a few people rich at the cost of the benefit of the public,” said Ding Shuang, chief economist for Greater China and North Asia at Standard Chartered Plc in Hong Kong. Apart from education and property, the next focus of policy reforms could be on the pricing of medical services and the elderly care industry, which are key to people’s livelihoods, he said.\nBeijing will also need to repair some of the damage done to investor confidence by its abrupt measures, with analysts looking out for signs of this in the Politburo meeting.\n“If the meeting emphasizes that the regulations will be carried out in an orderly manner, that could at least help improve the market sentiment temporarily,” Ding said.\nThere are signs Beijing wants to restore confidence after the market rout. The central bank boosted cash injections to the interbank market on Thursday, breaking out of its usual pattern of daily liquidity operations. On Wednesday, the securities regulator convened a meeting with major investment banks to ease fears about the regulations, while the state-run media also published a series of articles suggesting the sell-off was overdone.\nEasing Bias\nThe monetary policy stance will also be a focus in the Politburo statement after the People’s Bank of China surprised the market earlier this month by cutting the reserve requirement ratio for banks, unleashing more cash for them to lend.\nEconomists from Goldman Sachs Group Inc., Macquarie, Standard Chartered and Oversea-Chinese Banking Corp. project another RRR cut this year, which will inject liquidity to help banks repay 3.75 trillion-yuan worth of policy loans from the PBOC’s medium-term lending facility coming due before the end of the year.\nTommy Xie, head of Greater China research at OCBC, said interest rates are likely to be kept steady and the slowdown in credit growth since late last year may be bottoming out soon.\nThe government could also ramp up fiscal support to the economy in the second half and accelerate bond sales after a sharp slowdown in spending in the first six months of this year, according to Xu Hongcai, deputy director of the China Association of Policy Science’s economic policy committee, a government-linked think tank.\nFollowing the Politburo meeting, current and retired top leaders will typically spend early August huddled in the resort of Beidaihe to discuss long-term policy direction.","news_type":1,"symbols_score_info":{}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":801776404,"gmtCreate":1627539352308,"gmtModify":1703491960390,"author":{"id":"3569243948486771","authorId":"3569243948486771","name":"EdInvesting","avatar":"https://static.tigerbbs.com/3f2b5d72aa406299a552424310e264b8","vip":1,"crmLevel":11,"crmLevelSwitch":0,"wearingBadges":[],"authorIdStr":"3569243948486771","idStr":"3569243948486771"},"htmlText":"Like and comment pls","listText":"Like and comment pls","text":"Like and comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/801776404","repostId":1166191537,"repostType":4,"repost":{"id":"1166191537","kind":"news","pubTimestamp":1627537781,"share":"https://ttm.financial/m/news/1166191537?lang=en_US&edition=fundamental","pubTime":"2021-07-29 13:49","market":"sh","language":"en","title":"Markets Glued to China’s Politburo Meeting for Policy Clues","url":"https://stock-news.laohu8.com/highlight/detail?id=1166191537","media":"Bloomberg","summary":"(Bloomberg) -- After a week of market turmoil, China watchers are looking for signals from a key Pol","content":"<div>\n<p>(Bloomberg) -- After a week of market turmoil, China watchers are looking for signals from a key Politburo meeting this week on whether there’s more pain to come and if the central bank will step in ...</p>\n\n<a href=\"https://finance.yahoo.com/news/markets-glued-china-politburo-meeting-012311030.html\">Source Link</a>\n\n</div>\n","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Markets Glued to China’s Politburo Meeting for Policy Clues</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMarkets Glued to China’s Politburo Meeting for Policy Clues\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-29 13:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/markets-glued-china-politburo-meeting-012311030.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- After a week of market turmoil, China watchers are looking for signals from a key Politburo meeting this week on whether there’s more pain to come and if the central bank will step in ...</p>\n\n<a href=\"https://finance.yahoo.com/news/markets-glued-china-politburo-meeting-012311030.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/markets-glued-china-politburo-meeting-012311030.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1166191537","content_text":"(Bloomberg) -- After a week of market turmoil, China watchers are looking for signals from a key Politburo meeting this week on whether there’s more pain to come and if the central bank will step in with support.\nThe July meeting of the Communist Party’s top leadership is typically when they review the economy’s performance in the first half and set policy priorities for the rest of the year. It’s taken on heightened significance this time around after authorities roiled financial markets with a spate of regulatory overhauls that tightened the state’s grip on industries from private education to technology and property.\nEconomists warn of more regulatory clampdowns to come as Beijing places greater focus on achieving longer-term social goals of reducing inequality, promoting fair competition, improving people’s livelihoods and lowering the cost of child-rearing. At the same time, policy makers could signal a shift toward more monetary and fiscal support as economic growth risks mount.\n“On the macro level, policies are likely to be looser on the margin, but on the micro level, intense regulatory tightening will probably continue,” Larry Hu, head of Greater China economics at Macquarie Group, said in a phone interview. The Politburo will likely reiterate its previous statement on regulating platform companies and strengthening anti-monopoly work, he said.\nWith Beijing expected to comfortably meet its growth target of more than 6% this year, authorities have a small window of about three to six months to push through structural reforms before growth pressures kick in next year, he said. In April, the 25-member Politburo vowed to “make good use” of the current period of low risks to growth.\nPolicy Hint\nWhile the high-level Politburo meetings chaired by President Xi Jinping usually don’t name specific sectors, any new phrasing or language singling out an issue could be a hint that preludes future clampdowns, said Zhou Hao, senior emerging markets economist at Commerzbank AG in Singapore.\nFor example, the Politburo said in its April meeting it will prevent speculation around soaring prices of housing in good school districts. Shortly after, the government imposed more property cooling measures across major cities.\nIn December, the Politburo vowed to strengthen anti-monopoly efforts to rein in what it called “disorderly capital expansion.” That was followed by a slew of regulatory actions in the tech sector this year, including a record $2.8 billion fine on Alibaba Group Holding Ltd., as well as measures to target speculation and hoarding in the commodities market.\n“Most of these regulatory actions involve industries where the speculation of capital has made a few people rich at the cost of the benefit of the public,” said Ding Shuang, chief economist for Greater China and North Asia at Standard Chartered Plc in Hong Kong. Apart from education and property, the next focus of policy reforms could be on the pricing of medical services and the elderly care industry, which are key to people’s livelihoods, he said.\nBeijing will also need to repair some of the damage done to investor confidence by its abrupt measures, with analysts looking out for signs of this in the Politburo meeting.\n“If the meeting emphasizes that the regulations will be carried out in an orderly manner, that could at least help improve the market sentiment temporarily,” Ding said.\nThere are signs Beijing wants to restore confidence after the market rout. The central bank boosted cash injections to the interbank market on Thursday, breaking out of its usual pattern of daily liquidity operations. On Wednesday, the securities regulator convened a meeting with major investment banks to ease fears about the regulations, while the state-run media also published a series of articles suggesting the sell-off was overdone.\nEasing Bias\nThe monetary policy stance will also be a focus in the Politburo statement after the People’s Bank of China surprised the market earlier this month by cutting the reserve requirement ratio for banks, unleashing more cash for them to lend.\nEconomists from Goldman Sachs Group Inc., Macquarie, Standard Chartered and Oversea-Chinese Banking Corp. project another RRR cut this year, which will inject liquidity to help banks repay 3.75 trillion-yuan worth of policy loans from the PBOC’s medium-term lending facility coming due before the end of the year.\nTommy Xie, head of Greater China research at OCBC, said interest rates are likely to be kept steady and the slowdown in credit growth since late last year may be bottoming out soon.\nThe government could also ramp up fiscal support to the economy in the second half and accelerate bond sales after a sharp slowdown in spending in the first six months of this year, according to Xu Hongcai, deputy director of the China Association of Policy Science’s economic policy committee, a government-linked think tank.\nFollowing the Politburo meeting, current and retired top leaders will typically spend early August huddled in the resort of Beidaihe to discuss long-term policy direction.","news_type":1,"symbols_score_info":{}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":801776836,"gmtCreate":1627539331225,"gmtModify":1703491959742,"author":{"id":"3569243948486771","authorId":"3569243948486771","name":"EdInvesting","avatar":"https://static.tigerbbs.com/3f2b5d72aa406299a552424310e264b8","vip":1,"crmLevel":11,"crmLevelSwitch":0,"wearingBadges":[],"authorIdStr":"3569243948486771","idStr":"3569243948486771"},"htmlText":"Like and comment pls&nbsp;","listText":"Like and comment pls&nbsp;","text":"Like and comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/801776836","repostId":1166191537,"repostType":4,"repost":{"id":"1166191537","kind":"news","pubTimestamp":1627537781,"share":"https://ttm.financial/m/news/1166191537?lang=en_US&edition=fundamental","pubTime":"2021-07-29 13:49","market":"sh","language":"en","title":"Markets Glued to China’s Politburo Meeting for Policy Clues","url":"https://stock-news.laohu8.com/highlight/detail?id=1166191537","media":"Bloomberg","summary":"(Bloomberg) -- After a week of market turmoil, China watchers are looking for signals from a key Pol","content":"<div>\n<p>(Bloomberg) -- After a week of market turmoil, China watchers are looking for signals from a key Politburo meeting this week on whether there’s more pain to come and if the central bank will step in ...</p>\n\n<a href=\"https://finance.yahoo.com/news/markets-glued-china-politburo-meeting-012311030.html\">Source Link</a>\n\n</div>\n","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Markets Glued to China’s Politburo Meeting for Policy Clues</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMarkets Glued to China’s Politburo Meeting for Policy Clues\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-29 13:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/markets-glued-china-politburo-meeting-012311030.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- After a week of market turmoil, China watchers are looking for signals from a key Politburo meeting this week on whether there’s more pain to come and if the central bank will step in ...</p>\n\n<a href=\"https://finance.yahoo.com/news/markets-glued-china-politburo-meeting-012311030.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/markets-glued-china-politburo-meeting-012311030.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1166191537","content_text":"(Bloomberg) -- After a week of market turmoil, China watchers are looking for signals from a key Politburo meeting this week on whether there’s more pain to come and if the central bank will step in with support.\nThe July meeting of the Communist Party’s top leadership is typically when they review the economy’s performance in the first half and set policy priorities for the rest of the year. It’s taken on heightened significance this time around after authorities roiled financial markets with a spate of regulatory overhauls that tightened the state’s grip on industries from private education to technology and property.\nEconomists warn of more regulatory clampdowns to come as Beijing places greater focus on achieving longer-term social goals of reducing inequality, promoting fair competition, improving people’s livelihoods and lowering the cost of child-rearing. At the same time, policy makers could signal a shift toward more monetary and fiscal support as economic growth risks mount.\n“On the macro level, policies are likely to be looser on the margin, but on the micro level, intense regulatory tightening will probably continue,” Larry Hu, head of Greater China economics at Macquarie Group, said in a phone interview. The Politburo will likely reiterate its previous statement on regulating platform companies and strengthening anti-monopoly work, he said.\nWith Beijing expected to comfortably meet its growth target of more than 6% this year, authorities have a small window of about three to six months to push through structural reforms before growth pressures kick in next year, he said. In April, the 25-member Politburo vowed to “make good use” of the current period of low risks to growth.\nPolicy Hint\nWhile the high-level Politburo meetings chaired by President Xi Jinping usually don’t name specific sectors, any new phrasing or language singling out an issue could be a hint that preludes future clampdowns, said Zhou Hao, senior emerging markets economist at Commerzbank AG in Singapore.\nFor example, the Politburo said in its April meeting it will prevent speculation around soaring prices of housing in good school districts. Shortly after, the government imposed more property cooling measures across major cities.\nIn December, the Politburo vowed to strengthen anti-monopoly efforts to rein in what it called “disorderly capital expansion.” That was followed by a slew of regulatory actions in the tech sector this year, including a record $2.8 billion fine on Alibaba Group Holding Ltd., as well as measures to target speculation and hoarding in the commodities market.\n“Most of these regulatory actions involve industries where the speculation of capital has made a few people rich at the cost of the benefit of the public,” said Ding Shuang, chief economist for Greater China and North Asia at Standard Chartered Plc in Hong Kong. Apart from education and property, the next focus of policy reforms could be on the pricing of medical services and the elderly care industry, which are key to people’s livelihoods, he said.\nBeijing will also need to repair some of the damage done to investor confidence by its abrupt measures, with analysts looking out for signs of this in the Politburo meeting.\n“If the meeting emphasizes that the regulations will be carried out in an orderly manner, that could at least help improve the market sentiment temporarily,” Ding said.\nThere are signs Beijing wants to restore confidence after the market rout. The central bank boosted cash injections to the interbank market on Thursday, breaking out of its usual pattern of daily liquidity operations. On Wednesday, the securities regulator convened a meeting with major investment banks to ease fears about the regulations, while the state-run media also published a series of articles suggesting the sell-off was overdone.\nEasing Bias\nThe monetary policy stance will also be a focus in the Politburo statement after the People’s Bank of China surprised the market earlier this month by cutting the reserve requirement ratio for banks, unleashing more cash for them to lend.\nEconomists from Goldman Sachs Group Inc., Macquarie, Standard Chartered and Oversea-Chinese Banking Corp. project another RRR cut this year, which will inject liquidity to help banks repay 3.75 trillion-yuan worth of policy loans from the PBOC’s medium-term lending facility coming due before the end of the year.\nTommy Xie, head of Greater China research at OCBC, said interest rates are likely to be kept steady and the slowdown in credit growth since late last year may be bottoming out soon.\nThe government could also ramp up fiscal support to the economy in the second half and accelerate bond sales after a sharp slowdown in spending in the first six months of this year, according to Xu Hongcai, deputy director of the China Association of Policy Science’s economic policy committee, a government-linked think tank.\nFollowing the Politburo meeting, current and retired top leaders will typically spend early August huddled in the resort of Beidaihe to discuss long-term policy direction.","news_type":1,"symbols_score_info":{}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5366789,"gmtCreate":1627543392134,"gmtModify":1663231660849,"authorId":3579166997546108,"author":{"id":3579166997546108,"idStr":"3579166997546108","authorId":3579166997546108,"name":"MochiMama","avatar":"https://static.tigerbbs.com/b02cba851ffc5d8be520010c7a579eb4","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[]},"repliedAuthorId":0,"objectId":801776836,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"}],"langContent":"EN"},{"id":801773685,"gmtCreate":1627539080847,"gmtModify":1703491955020,"author":{"id":"3567141277226150","authorId":"3567141277226150","name":"AppleMango","avatar":"https://static.tigerbbs.com/68d3e430c230d4cfd4e97044c56f2b6d","vip":1,"crmLevel":12,"crmLevelSwitch":0,"wearingBadges":[],"authorIdStr":"3567141277226150","idStr":"3567141277226150"},"htmlText":"Pls like n comments&nbsp;","listText":"Pls like n comments&nbsp;","text":"Pls like n comments","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/801773685","repostId":1166191537,"repostType":4,"repost":{"id":"1166191537","kind":"news","pubTimestamp":1627537781,"share":"https://ttm.financial/m/news/1166191537?lang=en_US&edition=fundamental","pubTime":"2021-07-29 13:49","market":"sh","language":"en","title":"Markets Glued to China’s Politburo Meeting for Policy Clues","url":"https://stock-news.laohu8.com/highlight/detail?id=1166191537","media":"Bloomberg","summary":"(Bloomberg) -- After a week of market turmoil, China watchers are looking for signals from a key Pol","content":"<div>\n<p>(Bloomberg) -- After a week of market turmoil, China watchers are looking for signals from a key Politburo meeting this week on whether there’s more pain to come and if the central bank will step in ...</p>\n\n<a href=\"https://finance.yahoo.com/news/markets-glued-china-politburo-meeting-012311030.html\">Source Link</a>\n\n</div>\n","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Markets Glued to China’s Politburo Meeting for Policy Clues</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMarkets Glued to China’s Politburo Meeting for Policy Clues\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-29 13:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/markets-glued-china-politburo-meeting-012311030.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- After a week of market turmoil, China watchers are looking for signals from a key Politburo meeting this week on whether there’s more pain to come and if the central bank will step in ...</p>\n\n<a href=\"https://finance.yahoo.com/news/markets-glued-china-politburo-meeting-012311030.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/markets-glued-china-politburo-meeting-012311030.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1166191537","content_text":"(Bloomberg) -- After a week of market turmoil, China watchers are looking for signals from a key Politburo meeting this week on whether there’s more pain to come and if the central bank will step in with support.\nThe July meeting of the Communist Party’s top leadership is typically when they review the economy’s performance in the first half and set policy priorities for the rest of the year. It’s taken on heightened significance this time around after authorities roiled financial markets with a spate of regulatory overhauls that tightened the state’s grip on industries from private education to technology and property.\nEconomists warn of more regulatory clampdowns to come as Beijing places greater focus on achieving longer-term social goals of reducing inequality, promoting fair competition, improving people’s livelihoods and lowering the cost of child-rearing. At the same time, policy makers could signal a shift toward more monetary and fiscal support as economic growth risks mount.\n“On the macro level, policies are likely to be looser on the margin, but on the micro level, intense regulatory tightening will probably continue,” Larry Hu, head of Greater China economics at Macquarie Group, said in a phone interview. The Politburo will likely reiterate its previous statement on regulating platform companies and strengthening anti-monopoly work, he said.\nWith Beijing expected to comfortably meet its growth target of more than 6% this year, authorities have a small window of about three to six months to push through structural reforms before growth pressures kick in next year, he said. In April, the 25-member Politburo vowed to “make good use” of the current period of low risks to growth.\nPolicy Hint\nWhile the high-level Politburo meetings chaired by President Xi Jinping usually don’t name specific sectors, any new phrasing or language singling out an issue could be a hint that preludes future clampdowns, said Zhou Hao, senior emerging markets economist at Commerzbank AG in Singapore.\nFor example, the Politburo said in its April meeting it will prevent speculation around soaring prices of housing in good school districts. Shortly after, the government imposed more property cooling measures across major cities.\nIn December, the Politburo vowed to strengthen anti-monopoly efforts to rein in what it called “disorderly capital expansion.” That was followed by a slew of regulatory actions in the tech sector this year, including a record $2.8 billion fine on Alibaba Group Holding Ltd., as well as measures to target speculation and hoarding in the commodities market.\n“Most of these regulatory actions involve industries where the speculation of capital has made a few people rich at the cost of the benefit of the public,” said Ding Shuang, chief economist for Greater China and North Asia at Standard Chartered Plc in Hong Kong. Apart from education and property, the next focus of policy reforms could be on the pricing of medical services and the elderly care industry, which are key to people’s livelihoods, he said.\nBeijing will also need to repair some of the damage done to investor confidence by its abrupt measures, with analysts looking out for signs of this in the Politburo meeting.\n“If the meeting emphasizes that the regulations will be carried out in an orderly manner, that could at least help improve the market sentiment temporarily,” Ding said.\nThere are signs Beijing wants to restore confidence after the market rout. The central bank boosted cash injections to the interbank market on Thursday, breaking out of its usual pattern of daily liquidity operations. On Wednesday, the securities regulator convened a meeting with major investment banks to ease fears about the regulations, while the state-run media also published a series of articles suggesting the sell-off was overdone.\nEasing Bias\nThe monetary policy stance will also be a focus in the Politburo statement after the People’s Bank of China surprised the market earlier this month by cutting the reserve requirement ratio for banks, unleashing more cash for them to lend.\nEconomists from Goldman Sachs Group Inc., Macquarie, Standard Chartered and Oversea-Chinese Banking Corp. project another RRR cut this year, which will inject liquidity to help banks repay 3.75 trillion-yuan worth of policy loans from the PBOC’s medium-term lending facility coming due before the end of the year.\nTommy Xie, head of Greater China research at OCBC, said interest rates are likely to be kept steady and the slowdown in credit growth since late last year may be bottoming out soon.\nThe government could also ramp up fiscal support to the economy in the second half and accelerate bond sales after a sharp slowdown in spending in the first six months of this year, according to Xu Hongcai, deputy director of the China Association of Policy Science’s economic policy committee, a government-linked think tank.\nFollowing the Politburo meeting, current and retired top leaders will typically spend early August huddled in the resort of Beidaihe to discuss long-term policy direction.","news_type":1,"symbols_score_info":{}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":801747284,"gmtCreate":1627538755248,"gmtModify":1703491951926,"author":{"id":"3587023056098177","authorId":"3587023056098177","name":"jenx","avatar":"https://static.tigerbbs.com/422c2ebfc14a61dc15dd098a40cd6a5e","vip":1,"crmLevel":11,"crmLevelSwitch":0,"wearingBadges":[],"authorIdStr":"3587023056098177","idStr":"3587023056098177"},"htmlText":"Sell n like","listText":"Sell n like","text":"Sell n like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/801747284","repostId":1166191537,"repostType":4,"repost":{"id":"1166191537","kind":"news","pubTimestamp":1627537781,"share":"https://ttm.financial/m/news/1166191537?lang=en_US&edition=fundamental","pubTime":"2021-07-29 13:49","market":"sh","language":"en","title":"Markets Glued to China’s Politburo Meeting for Policy Clues","url":"https://stock-news.laohu8.com/highlight/detail?id=1166191537","media":"Bloomberg","summary":"(Bloomberg) -- After a week of market turmoil, China watchers are looking for signals from a key Pol","content":"<div>\n<p>(Bloomberg) -- After a week of market turmoil, China watchers are looking for signals from a key Politburo meeting this week on whether there’s more pain to come and if the central bank will step in ...</p>\n\n<a href=\"https://finance.yahoo.com/news/markets-glued-china-politburo-meeting-012311030.html\">Source Link</a>\n\n</div>\n","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Markets Glued to China’s Politburo Meeting for Policy Clues</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMarkets Glued to China’s Politburo Meeting for Policy Clues\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-29 13:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/markets-glued-china-politburo-meeting-012311030.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- After a week of market turmoil, China watchers are looking for signals from a key Politburo meeting this week on whether there’s more pain to come and if the central bank will step in ...</p>\n\n<a href=\"https://finance.yahoo.com/news/markets-glued-china-politburo-meeting-012311030.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/markets-glued-china-politburo-meeting-012311030.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1166191537","content_text":"(Bloomberg) -- After a week of market turmoil, China watchers are looking for signals from a key Politburo meeting this week on whether there’s more pain to come and if the central bank will step in with support.\nThe July meeting of the Communist Party’s top leadership is typically when they review the economy’s performance in the first half and set policy priorities for the rest of the year. It’s taken on heightened significance this time around after authorities roiled financial markets with a spate of regulatory overhauls that tightened the state’s grip on industries from private education to technology and property.\nEconomists warn of more regulatory clampdowns to come as Beijing places greater focus on achieving longer-term social goals of reducing inequality, promoting fair competition, improving people’s livelihoods and lowering the cost of child-rearing. At the same time, policy makers could signal a shift toward more monetary and fiscal support as economic growth risks mount.\n“On the macro level, policies are likely to be looser on the margin, but on the micro level, intense regulatory tightening will probably continue,” Larry Hu, head of Greater China economics at Macquarie Group, said in a phone interview. The Politburo will likely reiterate its previous statement on regulating platform companies and strengthening anti-monopoly work, he said.\nWith Beijing expected to comfortably meet its growth target of more than 6% this year, authorities have a small window of about three to six months to push through structural reforms before growth pressures kick in next year, he said. In April, the 25-member Politburo vowed to “make good use” of the current period of low risks to growth.\nPolicy Hint\nWhile the high-level Politburo meetings chaired by President Xi Jinping usually don’t name specific sectors, any new phrasing or language singling out an issue could be a hint that preludes future clampdowns, said Zhou Hao, senior emerging markets economist at Commerzbank AG in Singapore.\nFor example, the Politburo said in its April meeting it will prevent speculation around soaring prices of housing in good school districts. Shortly after, the government imposed more property cooling measures across major cities.\nIn December, the Politburo vowed to strengthen anti-monopoly efforts to rein in what it called “disorderly capital expansion.” That was followed by a slew of regulatory actions in the tech sector this year, including a record $2.8 billion fine on Alibaba Group Holding Ltd., as well as measures to target speculation and hoarding in the commodities market.\n“Most of these regulatory actions involve industries where the speculation of capital has made a few people rich at the cost of the benefit of the public,” said Ding Shuang, chief economist for Greater China and North Asia at Standard Chartered Plc in Hong Kong. Apart from education and property, the next focus of policy reforms could be on the pricing of medical services and the elderly care industry, which are key to people’s livelihoods, he said.\nBeijing will also need to repair some of the damage done to investor confidence by its abrupt measures, with analysts looking out for signs of this in the Politburo meeting.\n“If the meeting emphasizes that the regulations will be carried out in an orderly manner, that could at least help improve the market sentiment temporarily,” Ding said.\nThere are signs Beijing wants to restore confidence after the market rout. The central bank boosted cash injections to the interbank market on Thursday, breaking out of its usual pattern of daily liquidity operations. On Wednesday, the securities regulator convened a meeting with major investment banks to ease fears about the regulations, while the state-run media also published a series of articles suggesting the sell-off was overdone.\nEasing Bias\nThe monetary policy stance will also be a focus in the Politburo statement after the People’s Bank of China surprised the market earlier this month by cutting the reserve requirement ratio for banks, unleashing more cash for them to lend.\nEconomists from Goldman Sachs Group Inc., Macquarie, Standard Chartered and Oversea-Chinese Banking Corp. project another RRR cut this year, which will inject liquidity to help banks repay 3.75 trillion-yuan worth of policy loans from the PBOC’s medium-term lending facility coming due before the end of the year.\nTommy Xie, head of Greater China research at OCBC, said interest rates are likely to be kept steady and the slowdown in credit growth since late last year may be bottoming out soon.\nThe government could also ramp up fiscal support to the economy in the second half and accelerate bond sales after a sharp slowdown in spending in the first six months of this year, according to Xu Hongcai, deputy director of the China Association of Policy Science’s economic policy committee, a government-linked think tank.\nFollowing the Politburo meeting, current and retired top leaders will typically spend early August huddled in the resort of Beidaihe to discuss long-term policy direction.","news_type":1,"symbols_score_info":{}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5366416,"gmtCreate":1627538982332,"gmtModify":1663231657250,"authorId":3559167756156665,"author":{"id":3559167756156665,"idStr":"3559167756156665","authorId":3559167756156665,"name":"AaronNg","avatar":"https://static.tigerbbs.com/0fbfb121556dc390305847fad3f4ced2","vip":1,"crmLevel":12,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[]},"repliedAuthorId":0,"objectId":801747284,"type":1,"supId":0,"prevId":0,"content":"Buy and like","text":"Buy and like","html":"Buy and like"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":52,"commentSize":10,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.47.1","shortVersion":"4.47.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1166191537","isCrawlerRequest":true}