$LI AUTO-W(02015)$ #China's fi

#China's finance ministry to detail fiscal policy for economy boost on Sat

BEIJING – China will hold a briefing on fiscal policy on Oct 12 as investors look for additional measures to stimulate the world’s No. 2 economy.

The State Council Information Office announced the event on Oct 9. Finance Minister Lan Fo’an will introduce moves to strengthen fiscal policy to shore up growth and answer questions from reporters, according to the notice.

Many expect an announcement by the Ministry of Finance, typically tasked with issuing bonds to support stimulus measures, after the National Development and Reform Commission (NDRC) disappointed on Oct 8 by announcing no major pro-growth steps after the long national holiday.

Banks including Morgan Stanley and HSBC Holdings expect two trillion yuan (S$369 billion) in stimulus, while Citigroup puts the amount at three trillion yuan.

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