China's PBoC, NDRC and other agencies provide post-NPC briefing comments; says, they have a solid foundation to achieve its 2026 target

• China's State Planner Head says, are will continue to implement more proactive macro policies.
• Will set up national-level M&A fund. 
• AI industry scale expected to exceed CNY 10tln. 

The comments from China's PBoC and NDRC highlight a commitment to proactive macroeconomic policies aimed at meeting growth targets by 2026. This stance suggests an accommodating monetary policy, which could lead to a supportive environment for risk assets while potentially exerting downward pressure on the CNY as liquidity increases. The establishment of a national M&A fund and the optimistic outlook for the AI sector further indicate a strategic push for economic transformation.