October 28, 2025 02:30 PM GMT China Economics | Asia Pacific FYP Outlines Tech and Consumption Goals The 15th FYP outline elevates efficiency and consumption to headline targets, signalling a willingness to shift toward more balanced growth. But execution remains gradual, and reflation remains in a slow burn through 2026-27. What's new vs. the Communiqué: Execution Playbook Demand – achieving a higher consumption share: Supply – more detailed tech roadmap: Macro implications: A more balanced FYP signals a c ...

October 24, 2025 08:23 AM GMT China Brokers | Asia Pacific Capital Market Activity Should Benefit From the Tech-Focus in 15th FYP Key Takeaways A share brokers stock prices have seen increased volatility in the past 2 months, as investors await more catalysts to see how earnings trends may diverge after the broad-based rerating since Sept 2024. We believe the market has already been pricing in a high level of ADT, likely Rmb1.6tn, to brokers earnings. However, a potential increase in fundraising activity is ...