Zhitong Hong Kong Stock Early Knowledge | Zheng Zhanjie: This year will propose a number of major strategic tasks, major policy measures, and major engineering projects

Zheng Zhanjie, the director of the National Development and Reform Commission, stated at the National People's Congress that this year a number of major strategic tasks, policy measures, and engineering projects will be proposed, to be submitted to next year's National Two Sessions. Meanwhile, Pan Gongsheng, the governor of the People's Bank of China, announced that the re-lending policy will be optimized, expanding the re-lending scale to 800 billion to 1 trillion yuan, lowering interest rates, and reducing corporate financing costs. U.S. stocks generally fell, with the S&P 500 Index falling below the 200-day moving average for the first time, as market sentiment was affected by the uncertainty of Trump's trade war