Over in China, officials have outlined plans to further stimulate the economy amid an ongoing downturn.

China's Ministry of Finance announced that China would issue special sovereign bonds to recapitalise its largest state owned banks.

It would also allow local Governments to use RMB 2.3 trn of local Government special bonds to buy unsold homes.

Harbour Asset Management's Shane Solly explains what this development might mean for the markets.

LISTEN ABOVE

Over in China, officials have outlined plans to further stimulate the economy amid an ongoing downturn.
China's Ministry of Finance announced that China would issue special sovereign bonds to recapitalise its largest state owned banks.
It would also allow local Governments to use RMB 2.3 trn of local Government special bonds to buy unsold homes.
Harbour Asset Management's Shane Solly explains what this development might mean for the markets.
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Shane Solly: Harbour Asset Management spokesperson on China's efforts to stimulate its economy

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/b8e56c1a-f323-4095-99c1-b2090078ec25/transcript

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