Finance Minister vows stronger fiscal-financial push for domestic demand; HK’s offshore RMB clearing surpasses HKD and USD for the 1st time

Research evidence excerpt

Finance Minister vows stronger fiscal-financial push for domestic demand; HK’s offshore RMB clearing surpasses HKD and USD for the 1st time

Global Research

24 July 2026ab

Greater China Banks Daily Equities

ChinaFinance Minister vows stronger fiscal-financial

push for domestic demand; HK’s offshore RMB Banks

clearing surpasses HKD and USD for the 1st time MayAnalystYan

may.yan@ubs.com

+852-2971 7157

UBS China A-Share Conference 2026 and post-conference tour will take place this Alex Ye

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Analyst

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Finance Minister vows stronger fiscal-financial push for domestic demand +86-755-2215 8860

China Daily, July 23: Finance Minister Lan Fo'an called for stronger implementation of

Helen Li, CFA

China's fiscal-financial policy package to support domestic demand. The central

government has allocated RMB100bn to six coordinated measures this year, including helen-za.li@ubs.com

four policies supporting private investment and two promoting household +852-2971 6066

consumption. The tools combine interest subsidies, financing guarantees and risk-

sharing arrangements, allowing fiscal resources to encourage bank lending and private

capital. During H126, new loans in four supported categories— including lending to