Menu
Sign In Search Podcasts Charts People & Topics Add Podcast API Pricing
Podcast Image

ASEAN Speaks

China's Stimulus Tease and Singapore Banks

14 Oct 2024

Description

Over the weekend, China's Ministry of Finance laid out fiscal measures to support the economy. However, no new fiscal stimulus quantum was given during the announcement. Despite the teaser, our economist, Erica Tay believes that these repeated hints that a large injection was undergoing approval would unlock existing fiscal resources that have a real impact. This would give a much needed assurance that increased special government spending on top of the current 2024 quota. Dialling it back to Singapore, our Host, Thilan Wickramasinghe, has raised the banking sector outlook, placing a BUY call on DBS, OCBC and UOB. Looking back into past Chinese stimulus in 2009 and 2015, he believes that the current incoming Chinese stimulus measure might have a similar positive impact. With the sector poised to benefit from rising regional credit demand and a host of other recent developments within the region. Don't miss out on these key takeaways and tune in to this week's ASEAN Speaks!

Audio
Featured in this Episode

No persons identified in this episode.

Transcription

This episode hasn't been transcribed yet

Help us prioritize this episode for transcription by upvoting it.

0 upvotes
🗳️ Sign in to Upvote

Popular episodes get transcribed faster

Comments

There are no comments yet.

Please log in to write the first comment.