BlackRock's Song Yu: Policy adjustments have a positive driving effect on the equity market
On the morning of May 7th, the State Council Information Office held a press conference where the People's Bank of China, the National Financial Regulatory Administration, and the China Securities Regulatory Commission introduced the situation regarding the "package of financial policies to support market stability and expectations." BlackRock's Chief China Economist Song Yu believes that policy adjustments have a positive driving effect on the equity market, effectively alleviating the market pressure caused by changes in the external environment
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