China’s state planner to hold a press conference about domestic market tomorrow

China’s state economic planner will hold a press conference on Tuesday morning about facilitating the formation of the mega-domestic market.

The National Development and Reform Commission announced today that a press conference on Tuesday at 10 am in Beijing, with a topic of introducing the in-depth promotion of the construction of a unified national market.

It comes as the stock markets in the mainland China and Hong Kong turned sluggish again in recent weeks following the stimulus last month.

Notably, a followup press conference by NDRC in early October of 2024 didn’t reveal any new supportive measures, disappointing most investors and failing to extend the market momentum triggered by The People’s Bank of China.

(Themis Qi)