JGBS: Richer, Coalition Talks in Focus, 2/30 Curve Flatter Approaches Resistance

Authorities are placing greater emphasis on service consumption than in the past, according to Su Jian, professor at the School of Economics at Peking University, who cited the Ministry of Commerce’s recent 19-point plan to boost the sector. The measures cover a broad range of industries while also prioritising enhanced financial support, including “providing interest subsidies for service industry operators and promoting lower financing costs for businesses.” Such initiatives, Su noted, are expected to help stimulate the vitality of the service consumption market.

China will enhance the management of ultra-long-term special government bonds, improve coordination with government investment funds and strengthen repayment mechanisms, according to a report from the National People’s Congress. The report noted that oversight of debt resolution funds remains insufficient, with some localities continuing to accumulate hidden debt or resorting to false debt swaps to obscure their true liabilities.

Residents will be able to accumulate hukou eligibility years across different cities in certain mega clusters under the State Council’s pilot program on market-based allocation of production factors, Yicai has learnt. Li Changan, a researcher at the National Institute of Opening-up, stated that the cumulative recognition of hukou eligibility years will significantly ease settlement thresholds in major urban centers.