China's Finance Minister to brief on fiscal 'adjustments' on October 12 as investors hope for policy push

Investors are anticipating further steps to bolster the world's second-largest economy.

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26 Aug, 2025 12:21

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China's State Council Information Office has informed on October 9 that the Finance Ministry will hold a briefing on fiscal policy this Saturday.

The briefing, to be held by Finance Minister Lan Fo’an, will outline initiatives to enhance "counter-cyclical adjustments" in fiscal policy. In response to the announcement, China's CSI 300 Index trimmed its losses, while the offshore yuan extended gains. The Shanghai Composite was lower by 3% at 11:20am, off early lows.

On Wednesday, Chinese shares and commodities fell as enthusiasm over an economic recovery seemed to fade, a day after the NDRC failed to come up with concrete measures to support the targetted growth rate of 5% for the year.

The National Development and Reform Commission (NDRC) is a central body in China with high-ranking officials, aimed at devising and implementing policies to manage the economy.

Bloomberg News quoted Bruce Pang, chief economist for Greater China at Jones Lang LaSalle saying “This is a high-profile briefing as fiscal policy has been a focus of the market.”

Some analyst had raised the possibility of some kind of stimulus announcement by the Ministry of Finance this month. Bloomberg News quoted Aleksey Mironenko​​​​ of Leo Wealth, who said the sustainability of the rally will depend of actions. "The key thing we are watching going forward — what policies will be announced in coming weeks following the Politburo and State Council statements? That will determine if our overweight is a tactical one — to be taken off as relative valuations change – or a strategic one," Mironenko said.

"The disappointment, while understandable, appears premature and misguided," Reuters quoted Mizuho's head of macro research for Asia ex-Japan, Vishnu Varathan. "Fact is, it is not the NDRC's place to provide details on fiscal stimulus (or a) further monetary policy push," he said.