Instant view: Investor reactions to briefing from China's finance ministry on stimulus [Yahoo! Finance]
Prudential Public Limited Company (PUK)
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Source: Yahoo! Finance
subsidies to people with low incomes, support the property market and replenish state banks' capital as it pushes to revive sputtering economic growth. Without providing details on the size of the fiscal stimulus being prepared, Finance Minister Lan Foan told a news conference there will be more "counter-cyclical measures" this year. Global financial markets have been keenly awaiting more details on China's stimulus plans, fearing its 2024 economic growth target and longer-term growth trajectory may be at risk if more support is not announced soon. Here are some comments from investors and analysts on the press briefing from China's finance ministry: RONG REN GOH, PORTFOLIO MANAGER, EASTSPRING INVESTMENTS, SINGAPORE "Investors were hoping for fresh stimulus, accompanied by specific numbers, to be announced at the MoF presser, including the size of these commitments. From this perspective, it turned out to be somewhat of a damp squib given only vague guidance was provided.
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Analyst Actions
- 10/17/24 - Barclays PLC
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Sec Filings
- 12/20/24 - Form 6-K
- 12/19/24 - Form 6-K
- 12/18/24 - Form 6-K
- PUK's page on the SEC website