China's State Council Deploys Incremental Policies to Stabilize Property Market and Boost Employment; Nvidia Adds $150 Billion Buyback in US Record
China's State Council has announced new policy measures to stabilize the real estate market and boost employment, while Nvidia has authorized a record-breaking $150 billion stock buyback. These developments highlight significant shifts in both Chinese economic policy and US corporate financial strategy.
Why it matters
These actions reflect major economic maneuvers by a global superpower and a leading technology firm, both of which have significant implications for global market stability.
Add preferred source Chinese Premier Li Qiang chaired a State Council Executive Meeting on September 28, deploying stronger counter-cyclical macro policy adjustments and announcing plans to introduce incremental measures to stabilize the real estate market and boost employment and incomes. The measures span accelerated bond issuance, optimized fiscal spending, and timely adjustments to monetary policy tools. The same day, the People's Bank of China and seven other departments issued guidelines on financial support for the services sector; the Ministry of Industry and Information Technology and six other departments released the "15th Five-Year Plan" for next-generation battery industry development; and Shanghai rolled out implementation rules for a presale-to-completed-sale housing system. Nvidia announced an additional $150 billion in stock buyback authorization, setting a US corporate record for the largest single increase in repurchase capacity.
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