[Everbright Macro] July 2026 Politburo Meeting

English summary

Key points of the meeting: 1) Increase counter-cyclical adjustment efforts, promptly plan and introduce pragmatic and effective incremental policies 2) Comprehensively use and timely adjust monetary policy tools, accelerate the progress of fiscal expenditure and bond fund usage 3) Deeply implement the 'AI+' action to enhance the resilience and confidence of the capital market.