Financial Regulatory Giants Gather! ’14th Five-Year Plan’ Shines Bright: Injecting 17 Trillion RMB into Real Economy, with 3.4 Trillion RMB in Foreign Capital Investments

On September 22, the spotlight of the financial circle turned once again. Chinese People’s Bank Governor Pan Gongsheng, Director of the Financial Regulatory General Bureau Li Yunze, Chairman of the Chinese Securities Regulatory Commission Wu Qing, and Deputy Governor of the Chinese People’s Bank and Director of the State Administration of Foreign Exchange Zhu Hexin gathered at the ‘High-Quality Completion of the 14th Five-Year Plan’ series themed press conference to introduce the development achievements of the financial industry over the past 5 years. Although this was a press conference on the completion status of the ’14th Five-Year Plan,’ market expectations were already high. Looking at the timeline, it has been almost a year since the heavyweight new policies announced on September 24 last year, and the market eagerly anticipates whether there will be more favorable policies to be introduced. Looking back at last year, after the Federal Reserve’s rate cut announcement on September 17, a series of positive news was released on September 24. Just this September 18, following the Fed’s rate cut announcement… [3533 chars]