What do investment banks think of the Chinese Communist Party’s long-overdue third plenum?

Quick Summary:

The stock market was let down in its search for short-term fixes, as benchmark indexes declined in Shanghai, Shenzhen and Hong Kong after the communique.

Fiscal reforms and the management of ongoing risks such as local government debt and the property sector should help free up more resources for higher productivity areas.

Members of the Chinese Communist Party’s Politburo Standing Committee during the third plenary session of the party’s Central Committee on July 18, 2024 in Beijing.Photo: Xinhua.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Zhang Shidong

Category: Business

Markets: Hong KongChina

Topics: Plenum Policy Government Economic Investment Support Target Communique Growth Third Party’s

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-19 @ 12:33:11 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 1007 words

Reading Time: 6 minutes read

Sentences: 41 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 21680949

View Article Analysis

About SCMP

Main Topics: Business

Official Website: scmp.com

Update Frequency: 16 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 6 hours ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #42

Publisher Details

Frequently Asked Questions