China to Hold May 7 Press Conference on Financial Policy Package Including PBOC to Stabilize Market

China's Finance Minister announced the country's intention to adopt a more proactive fiscal policy to address external economic impacts. In line with this approach, officials from the People's Bank of China (PBOC), the Securities Regulator, and the Financial Regulator are scheduled to hold a joint press conference on Wednesday, May 7, to unveil a financial policy package aimed at stabilizing the market and managing expectations. The State Council Information Office confirmed that this briefing will focus on measures to support the financial market amid ongoing challenges. This coordinated effort by key financial authorities underscores China's commitment to maintaining market stability through targeted policy interventions.