From December 27th to 28th, the National Finance Work Conference was held in Beijing. The conference stated that a more active fiscal policy will continue to be implemented in 2026. The first is to expand the fiscal expenditure table to ensure the necessary expenditure. The second is to optimize the portfolio of government bond instruments to make better use of the benefits of bonds. The third is to improve the efficiency of transfer funds and enhance the financial resources that can be used independently by local authorities. Fourth, continue to optimize the expenditure structure and strengthen guarantees in key areas. The fifth is to strengthen fiscal and financial coordination and amplify the effectiveness of policies.

From December 27th to 28th, the National Finance Work Conference was held in Beijing. The conference stated that a more active fiscal policy will continue to be implemented in 2026. The first is to expand the fiscal expenditure table to ensure the necessary expenditure. The second is to optimize the portfolio of government bond instruments to make better use of the benefits of bonds. The third is to improve the efficiency of transfer funds and enhance the financial resources that can be used independently by local authorities. Fourth, continue to optimize the expenditure structure and strengthen guarantees in key areas. The fifth is to strengthen fiscal and financial coordination and amplify the effectiveness of policies.