AUSSIE BONDS: Cheaper, Q1 Capex Lower, Focus On Trump's Tariff Legality

Authorities' support for the A-share market together with China’s low interest rate environment could drive up stock prices in the long run, said Wu Zhaoyin, chief investment officer at Soochow Futures. In the near term, major indexes may fluctuate as firms release annual and quarterly reports, and U.S. tariffs could be adjusted during the May 1-5 holiday period when the exchanges are closed, said Wu, noting impacts can be controlled.

Lawmakers have recommended the draft private sector promotion law be passed during the current session of the NPC Standing Committee, Xinhua news agency has reported, adding that officials called for authorities to unveil concrete measures to ensure its adoption. The legislation will establish the legal status of the private economy for the first time, allowing China to promote sustainable and high-quality development in the private economy, Xinhua noted. The Standing Committee of the 14th NPC began its four-day 15th session on Sunday in Beijing. (Source: Xinhua)

Shenzhen city will incentivise enterprises to boost domestic sales by offering a CNY500,000 reward for every CNY100 million increase in retail sales, up to a maximum of CNY10 million, Yicai.com reported. In response to rising foreign trade pressure, the municipal government launched 10 measures with the highest single reward reaching up to CNY25 million, including supporting firms to participate in the consumer trade-in scheme and expanding online retail, the newspaper said.