AGP Executive Report
Last update: 9 hours agoParty Discipline: China’s Communist Party says it has removed “serious hidden dangers” from the party, state and military, a day after confirming the expulsion of 33 senior figures, including former top general Zhang Youxia. The purge and a new drive for tighter discipline could shape leadership changes ahead of the 2027 Party Congress. Monetary Policy: The People’s Bank of China will begin daily overnight reverse-repo operations next week at a 1.25% rate, advancing its shift toward using the overnight rate as its main policy anchor. Trade Diplomacy: Xi Jinping and Switzerland’s president praised an upgraded trade deal, while German President Frank-Walter Steinmeier called for dialogue to resolve trade differences during talks in Beijing. China also backed South Africa’s continued participation in G20 activities. Regional Tensions: Chinese naval and air forces patrolled around Scarborough Shoal, which remains a flashpoint with the Philippines. Business: China Evergrande agreed to sell a controlling stake in its property-services unit to PAG for HK$4 billion, a major asset sale in the developer’s liquidation.
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