摩根士丹利邢自强：预计财政扩张将更加温和

Core Viewpoint - The 2026 Bond Market Annual Forum highlighted expectations for a gradual fiscal expansion in 2026-2027, with a focus on supply-side policies in 2026 and a shift towards consumption-side policies in 2027 [1] Group 1 - The forum was co-hosted by First Capital and the National Financial and Development Laboratory, with the Shenzhen First Capital Bond Research Institute as the organizer [1] - Morgan Stanley's Chief Economist for China, Xing Ziqiang, provided insights on the anticipated fiscal policies for the upcoming years [1]