Published: 8:56am, 7 May 2025Updated: 8:59am, 7 May 2025
This live blog has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. Get faster notifications on the latest updates by downloading our app.
At 9am on Wednesday, the People’s Bank of China, the National Financial Regulatory Administration and the China Securities Regulatory Commission will hold a joint press conference to present their plan for stabilising markets and expectations.
The conference comes as hopes run high for more support to be extended to exporters in doubt over their futures as US tariffs remain in the stratosphere. Aid to vulnerable private and small businesses, measures to stabilise the job market and more tools to boost domestic consumption are also expected.
Stability is also high on the government agenda as US President Donald Trump’s tariff blitz threatens to spill over to financial systems worldwide.
The liveblog includes contributions from Ji Siqi, Mandy Zuo, Luna Sun, Alice Li and Fan Chen.
More from our coverage:
– China urges Japan, South Korea and Asean to deepen cooperation amid trade war turbulence
– China’s offshore yuan jumps to 6-month high as rollback of ‘egregious’ tariffs seen likely
– Trump tariffs portend bleak prospects for China’s toy exporters at Canton Fair
– China’s private firms given legal recourse with new law
– Shanghai banks on mega sporting events and concerts to lift consumer spending